NIFTY FUTURE STRATEGY FOR 06/07/12

LAST CLOSE @ 5345

AS EXPECTED NIFTY CAN  BREAKOUT FROM 5270 - 5335  RANGE. EXPECT NIFTY MAY CONTINUE TO REMAIN INSIDE A TRADING RANGE BETWEEN 5270 - 5410 LEVELS.

YESTERDAY INDICATED  ....TRADING ABOVE 5340....BULLS TRY TO KISS 5358 - 5360 LEVELS.

YESTERDAY MADE HIGH 5355.

SUPPOSE BULLS CAN'T CLOSE ABOVE 5340....THEN BEARS TRY TO HIT 5270 - 5230 LEVELS NOT RULE OUT.

TODAY ,WHAT TO EXPECT ?

TRADING ABOVE 5345....WILL TAKE TO 5355 AND 5366 LEVELS.

CROSSOVER 5366.....CAN SEE RALLY UPTO 5372....THEREAFTER....

5405 ?????

BELOW 5345.....BEARS WILL TAKE TO 5334 - 5325.

THEREAFTER ...5310 AND 5300 ARE SUPPORTS.

MAIN SUPPORT @ 5270

RELIANCE - SBI - ICICI - AXIS BANK ANALYSIS FOR 06/07/12

LAST CLOSE 739

ASCENDING TRIANGLE PATTERN FORMED 

HEIGHT OF PATTERN  IS 38

IF BREAKOUT HAPPEN  AND CLOSE ABOVE  @ 742

UPSIDE TARGET MAY BE  781 ????

WAIT AND SEE

LAST CLOSE @ 1044

YESTERDAY INDICATED ....IF BULLS CAN TRADE ABOVE 1040....WILL TAKE TO 1053....YESTERDAY MADE HIGH 1050

TODAY , WHAT TO EXPECT?

IF PRICE TRADE CAN SUSTAIN ABOVE 1045....WILL TOUCH 1053 AND 1058..

ABOVE 1058....NEXT RESISTANCE @ 1062

MAIN SUPPORT @ 1022 - 1015

MAIN RESISTANCE @ 1053 - 1072

LAST CLOSE @ 2233

YESTERDAY INDICATED.....TRADING ABOVE 2225 WILL TAKE TO 2244.

YESTERDAY MADE HIGH 2240

TODAY , WHAT TO EXPECT?

ABOVE 2235....WE CAN SEE RALLY UPTO 2244 .CROSSOVER 2244 WILL TAKE TO  2265 AND 2273.

BELOW 2230......SUPPORT @ 2212 AND 2200....THEREAFTER 2190 ACTING AS MAIN SUPPORT @ LOWER LEVELS.

LAST CLOSE @ 921

ABOVE 921....NEXT RESISTANCE @ 924 AND 931....THEREAFTER 940

SUPPORT @ 912 - 904 - 897