SBI - ICICI - AXIS BANK ANALYSIS FOR 31/07/12

STIFF RESISTANCE @ 1051

ONCE CROSSOVER ABOVE 1051...WILL TAKE TO 1058 AND 1062

 THEREAFTER....HURDLE @ 1066

MAIN INTRADAY SUPPORT @ 1038

 BELOW 1038...BEARS TRY TO TOUCH  1022 AND 1016

LAST CLOSE @ 965

ABOVE 965....HURDLES @ 970 AND 982

THEREAFTER 987....HURDLES FOR BULLS

SHORT TERM RESISTANCE @ 999

TODAYS SUPPORT @ 957 - 950

BREAK BELOW 950....WILL TAKE TO 946  AND 943

NO PROBLEMS FOR BULLS.....IF BULLS CAN TRADE AND SUSTAIN  ABOVE 2115

LAST CLOSE @ 2032

ABOVE 2032...HURDLES FOR BULLS @ 2040 - 2049...

THEREAFTER 

WILL TAKE TO 2054 AND 2067....

CROSSOVER 2067....BULLS TRY TO HIT 2084...NOT RULED OUT.

SUPPOSE  TRADE BELOW 2040...CAN SEE FREE FALL UPTO... 2015 - 2009 LEVELS 

BREAK BELOW  .....NON STOP SLIDE UPTO 1975 LEVEL VERY SOON.