NIFTY FUTURE STRATEGY FOR 29/06/12

LAST CLOSE @ 5151

NOW THE INDEX  IN CONSOLIDATTION MODE , MOVING INSIDE A TRADING RANGE BETWEEN 5090 - 5200.

A MOVE OUT OF THIS RANGE  EXPECTED SOON.

IF PRICE CAN SUSTAIN ABOVE  5167...NEXT TARGET MAY HIT 5179....CROSSOVER 5179 WILL TAKE TO 5191 LEVEL.

STIFF RESISTANCE @ 5204

SUPPOSE TRADE BELOW 5151....BEARS  TRY TO TOUCH 5121 - 5090 LEVELS.

STRONG SUPPORT @ 5085.

A CLOSE ABOVE 5210 WOULD SUGGEST STRENGTH WITH MORE UPSIDE POSSIBLE.

WE SHOULD THEN LOOKING @ .......?????

A CLOSE BELOW 5085...WILL TELL US THAT THE NIFTY IS READY FOR A CORRECTION ATLEAST  .........LEVELS...?????

SBI - ICICI LARSEN& TOUBRO - AXIS BANK ANALYSIS FOR 29/06/12

LAST CLOSE @ 1343

MAIN SUPPORT @ 1330

TRADE BELOW 1345...WILL TAKE TO 1337 - 1331 LEVELS

IF PRICE TRADE  BELOW 1330 WITH VOLUME FOR 5 - 10 MINUTES.....WE CAN SEE

 1304 - 1300 IN COMING DAYS.

TRADE ABOVE 1345....WILL TAKE TO 1362 - 1370 LEVELS.

STIFF RESISTANCE @ 1379

BELOW 1343...  ULTIMATE TARGET MAY BE 1324....IN INTRADAY ...????

LAST CLOSE @ 2098

TRADING BELOW 2100....INDICATES WEAKNESS....MAY SLIDE TO 2085 - 2070 LEVELS.

STRONG SUPPORT @ 2070 LEVEL.

BREAK BELOW 2070....CAN SEE FREE FALL UPTO 2061 LEVEL.

SUPPOSE BULLS CAN TRADE AND SUSTAIN ABOVE 2103....TAKE TO 2124....THEREAFTER 2135.

HURDLES @ 2135 - 2140 LEVELS.

CLOSING BELOW 2068.....WE CAN SEE........IN COMING DAYS.??????

LAST CLOSE @ 857

TRADING ABOVE 857....NEXT TARGET MAY HIT...863 AND 871.

STIFF RESISTANCE @ 871

BELOW 852...WILL SLIDE UPTO 849 -843 LEVELS.

LAST CLOSE @ 979

TRADING BELOW 980...BULLS TRY TO KISS ....969 - 962

STRONG SUPPORT @ 944

ONCE IF MANAGES TO CROSS 982.... CAN SEE 991 - 995 LEVELS.

SELL TATA STEEL @ 424

CMP 424

SELL @ 424

STOP LOSS 427

TARGET 415

SUBJECT TO DISCLAIMER