Tuesday, May 29, 2012
SBI-AXIS-ICICI-ONGC-TATA STEEL- TATA MOTORS-ONGC ANALYSIS FOR 30/05/12
LAST CLOSE : 2120
RESISTANCE @ 2128 - 2150 - 2169
SUPPORT @ 2101 - 2084 - 2076
TRADING ABOVE 2085.... INDICATING BULLISHNESS....BULLS NEED TO CLOSE ABOVE 2170 - 2183 FOR ANOTHER BLAST...
LAST HOPE FOR SBI @ 2075....TRADING AND CLOSING BELOW 2075.... WE CAN SEE 2015.....?????
LAST CLOSE : 839
RESISTANCE @ 846 - 854 - 867
SUPPORT @ 834 - 826 - 815
STIFF RESISTANCE BETWEEN 846 -855 LEVELS.....NEED TO CLOSE ABOVE 870....TO MAINTAIN UPTREND
LAST CLOSE : 1024
RESISTANCE @ 1030 - 1038 - 1050
SUPPORT @ 1019 - 1014 - 1004
MAIN SUPPORT @ 997
LAST CLOSE : 318
RESISTANCE @ 327 - 332 - 336
SUPPORT @ 317 - 306 - 301
BEARISH ENGULFING PATTERN FORMED.... SHOWING BEARISHNESS....DON'T GO LONG IF TRADE BELOW 316....
LAST CLOSE : 473
RESISTANCE @ 479 - 484 - 492
SUPPORT @ 465 - 455 - 448
TRADING AND CLOSING BELOW 471.... INDICATING LOSING MOMENTUM....DON'T GO LONG ,TRADE BELOW 471....BULLS HAVE TO CLOSE ABOVE 479.... FOR ANOTHER FIRE WORKS.....
LAST CLOSE : 416
RESISTANCE @ 420 - 425 - 432
SUPPORT @ 411 - 408 - 402
TRADING AND CLOSING ABOVE 416....SHOWING BULLISH
LAST CLOSE : 256
RESISTANCE @ 258 - 260 - 262
SUPPORT @ 254 - 252 - 248
TRADING BELOW 253.... SHOWING WEAKNESS..
LAST CLOSE : 276
RESISTANCE @ 283 - 286 - 288
SUPPORT @ 273 - 268 - 264
MAIN SUPPORT @ 268
MAIN RESISTANCE @ 283 -288
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