SBI - ICICI - AXIS - TCS ANALYSIS FOR 23/07/12

LAST FRIDAY BOLDLY WRITTEN.....IF PRICE TRADE BELOW 2154.....WE CAN SEE FREE FALL UP TO 2135 - 2127 LEVELS.

FRIDAY MADE LOW 2127.05

TODAY....IF PRICE TRADE BELOW 2127 FOR 5 - 10 MINUTES WITH VOLUME....BEARS MAY TRY TO EXTENT THE FALL UPTO 2108 - 2103 LEVEL.

SUPPOSE BULLS CAN TRADE AND SUSTAIN  ABOVE 2133....CAN SEE RALLY UPTO 2149 - 2170 LEVELS.

TRADING BELOW 1040....WILL TAKE TO 1033 - 1025 - 1022 LEVELS IN INTRADAY.

TRADE ABOVE 1042....WILL TAKE TO 1045- 1050..THEREAFTER 1058 AND 1062.

BEARISH ENGULFING PATTERN FORMED IN DAILY CHART.

TRADING BELOW 935....CAN SEE NON STOP SLIDE UPTO 932 - 923 LEVELS.

IF PRICE CAN TRADE ABOVE 935....MAY TOUCH 940 - 942 - 945 LEVELS.

TRADE ABOVE 1223..CAN SEE FIRE WORKS UPTO 1237 - 1239 .

BELOW 1222....CAN SLIDE TO 1210 - 1207 LEVELS...