AXIS BANK - ICICI - SBI - RELIANCE CAPITAL ANALYSIS FOR 09/07/12

LAST CLOSE @ 1038

TECHNICALLY WEAK

TRADING ABOVE 1040......BULLS TRY TO HIT ....1048 - 1052 LEVELS.

CROSSOVER 1052.....CAN SEE RALLY UPTO 1058.

BELOW TRADING 1038.....WILL TOUCH 1032   AND 1028.

THEREAFTER 1023.... TARGET FOR BEARS.

MAIN RESISTANCE @ 1052

MAIN SUPPORT @ 1022 AND 1013

LAST CLOSE @ 935

STIFF RESISTANCE @ 956

LOT OF RESISTANCES IN BETWEEN 935 AND 956

@ 938 - 940 - 944 -956

SUPPOSE TRADING BELOW 935....WILL TAKE TO 924 - 911

EXPECT SOME PROFIT BOOKING IN BETWEEN @ 945 - 955 LEVELS.

LAST CLOSE @ 2223 

TRADING BELOW 2222...WILL TAKE TO 2212 - 2205 LEVELS.

BELOW 2205....POSSIBLE INTRADAY TARGET MAY BE 2197 OR 2190..????

ABOVE 2225....RESISTANCE @

2230 - 2236 - 2240 - 2244

STIFF RESISTANCE @ 2244

STRONG SUPPORT @ 2190

LAST CLOSE @ 375

RESISTANCE @ 378 - 382 - 386

SUPPORT @ 370 - 363 - 358