INFOSYS ANALYSIS

MAIN RESISTANCE @ 2498 AND 2523

SUPPORT BECOMES RESISTANCE @ 2555

NIFTY ANALYSIS

CLOSING BELOW 20,50,100 AND 200 SMA FAVOURING BEARS..NEGATIVE FOR BULLS.

LAST CLOSE 5087

MAIN SUPPORT @ 5050 AND 5004

PRICE CLOSING BELOW ICHIMOKU CLOUD.RSI BELOW 50 % SHOWING LOSING MOMENTUM,FAVOURING BEARS.....

BREAKING TRENDLINE......

BREAKDOWN TRIANGLE PATTERN

TRIANGLE HEIGHT 188 POINTS

SO 5188 - 188 = 5000 TARGET

AXIS BANK ANALYSIS

CLOSING BELOW 100 SMA AND 200 SMA FAVOURING BEARS.

MAIN SUPPORT @ 984 AND 955

GOLDEN RATIO @ 984.SUPPOSE PRICE CLOSE BELOW 984, WE CAN SEE 955 IN COMING DAYS..

SUPPORT @ 984 - 955 - 917

VIOLATING UP TRENDLINE

SBI ANALYSIS

LAST CLOSE 1996

MAIN SUPPORT @ 1926 -1921 RANGE..

CLOSING BELOW 100 SMA AND 200 SMA NEGATIVE FOR BULLS...

CLOSING BELOW  LOWER BAND OF BOLLINGER BAND.WE CAN EXPECT SOME RELIEF RALLY FROM 1926 -1921 RANGE.....

GOLDEN RATIO (61.8%) @ 1947 LEVEL.CLOSING BELOW 1947 HELPS BEARS TO EXTENT THE FALL FURTHER..

IN MACD NO BUY SIGNAL YET....CLOSING BELOW ICHIMOKU CLOUD.ALL SIGNALS ARE IN FAVOUR OF BEARS ONLY.