Monday, June 18, 2012
AXIS - SBI - TATA MOTORS - RELINFRA ANALYSIS FOR 19/06/12
LAST CLOSE @ 1000
RESISTANCE @ 1008 - 1012 - 1017
SUPPORT @ 990 - 984 - 964
TECHNICALLY WEAK
FRESH BUY POSITION ONLY ABOVE 1010 LEVEL.
TRADING AND CLOSING BELOW 990....MAY LEAD TO FALL UP TO 964 - 944 LEVELS.
LAST CLOSE @ 2088
RESISTANCE @ 2096 - 2133 - 2144 - 2156
SUPPORT @ 2082 - 2061 - 2038 - 2017
TECHNICALLY WEAK ....IF PRICE TRADE BELOW 2088.
TRADING BELOW 2088....EXPECT NON STOP SLIDE UPTO 2028 - 2008 LEVELS..
ULTIMATE TARGET 1975...???
LAST CLOSE @ 238
RESISTANCE @ 244 - 248
SUPPORT @ 232 - 228 - 225
TRADING BELOW 245.....NEGATIVE FOR BULLS
GO LONG ONLY ABOVE 248 LEVEL
MAIN SUPPORT @ 217
MAIN RESISTANCE @ 245 & 248
LAST CLOSE @ 503
RESISTANCE @ 517 - 525 - 530
SUPPORT @ 498 - 493 - 488
CLOSING BELOW 497....MAY SEE PANIC UPTO 489 - 474 LEVELS
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