NIFTY CHART ANALYSIS

NIFTY SPOT DAILY CHART

RESISTANCE @ 4956 - 4976 - 5040

SUPPORT @ 4804 - 4789

20 SMA WILL ACT AS RESISTANCE @ 4995

TRADING RANGE BETWEEN 4789 - 4956

BULLS HAVE TO CLOSE ABOVE 4943 FOR ANOTHER UPMOVE.CLOSING BELOW 4836 MAY LEAD STEEP FALL..20 SMA @ 4995 WILL ACT AS RESISTANCE..

NIFTY SPOT WEEKLY CHART

RESISTANCE @ 4857 - 5099

SUPPORT @ 4789

5 WEEK SMA @ 5010 WILL ACT AS RESISTANCE ...

AXIS BANK CHART ANALYSIS

LAST CLOSE 1000

RESISTANCE @ 1014 - 1030 - 1050

SUPPORT @ 951- 922

BULLS NEED TO CLOSE ABOVE 20 SMA @ 1007 FOR ANOTHER UPMOVE.

ASCENDING TRIANGLE PATTERN IN AXIS BANK...HEIGHT 92 POINTS..... IF BREAKOUT HAPPEN .....TARGET MAY BE ......1000 +92 = 1092

SBI CHART ANALYSIS

SBI DAILY CHART

LAST CLOSE : 2007

CLOSING ABOVE 20 AND 200 SMA FAVOURING BULLS.

MAIN RESISTANCE @ 2040 - 2049 - 2069.

MAIN SUPPORT @ 1920

100 SMA WILL ACT AS RESISTANCE @ 2077

FIBANOCCI RETRACEMENT

 38.2 % @ 2060 WILL ACT AS RESISTANCE..

TRADING RANGE BETWEEN 1920- 2040

FORMING SYMMETRICAL TRIANGLE PATTERN....

SUPPORT BECOMES RESISTANCE @ 2047

WEEKLY CHART...

RESISTANCE @ 2049

SUPPORT @ 1802