SBI AND AXIS BANK ANALYSIS FOR 06/08/12

LAST CLOSE @ 2005

ABOVE 2005....RESISTANCE @ 2017

ABOVE 2017....BULLS TRY TO HIT 2040 - 2045 LEVELS.

STIFF RESISTANCE @ 2045 LEVEL

SUPPOSE BULLS CAN CLOSE ABOVE 2045....THEN ULTIMATE TARGET MAY BE 

2110 VERY SOON...????

GOOD SUPPORT @ 2074 - 2068 LEVELS.

SHORT TERM SUPPORT @ 1930 - 1920 LEVELS.

SHORT TERM RESISTANCE @ 2110 - 2130 

TRADING ABOVE  1041...WILL TAKE TO  1051 AND 1061 LEVELS IN INTRADAY...

THEREAFTER 1061 - 1064 LEVELS.....RESISTANCE FOR BULLS.

IF BEARS BREAK DOWN  1040 LEVEL AND TRADE BELOW 50 - 10 MINUTES....THEN CAN SEE NON STOP SLIDE ...UPTO...1032 - 1027 IN HOURS ONLY.

SHORT TERM RESISTANCE @ 1079 - 1081 LEVELS.

SHORT TERM SUPPORT @ 991 AND 968 LEVELS.