NIFTY ANALYSIS

CLOSING BELOW 20,50,100 AND 200 SMA FAVOURING BEARS..NEGATIVE FOR BULLS.

LAST CLOSE 5087

MAIN SUPPORT @ 5050 AND 5004

PRICE CLOSING BELOW ICHIMOKU CLOUD.RSI BELOW 50 % SHOWING LOSING MOMENTUM,FAVOURING BEARS.....

BREAKING TRENDLINE......

BREAKDOWN TRIANGLE PATTERN

TRIANGLE HEIGHT 188 POINTS

SO 5188 - 188 = 5000 TARGET

AXIS BANK ANALYSIS

CLOSING BELOW 100 SMA AND 200 SMA FAVOURING BEARS.

MAIN SUPPORT @ 984 AND 955

GOLDEN RATIO @ 984.SUPPOSE PRICE CLOSE BELOW 984, WE CAN SEE 955 IN COMING DAYS..

SUPPORT @ 984 - 955 - 917

VIOLATING UP TRENDLINE

SBI ANALYSIS

LAST CLOSE 1996

MAIN SUPPORT @ 1926 -1921 RANGE..

CLOSING BELOW 100 SMA AND 200 SMA NEGATIVE FOR BULLS...

CLOSING BELOW  LOWER BAND OF BOLLINGER BAND.WE CAN EXPECT SOME RELIEF RALLY FROM 1926 -1921 RANGE.....

GOLDEN RATIO (61.8%) @ 1947 LEVEL.CLOSING BELOW 1947 HELPS BEARS TO EXTENT THE FALL FURTHER..

IN MACD NO BUY SIGNAL YET....CLOSING BELOW ICHIMOKU CLOUD.ALL SIGNALS ARE IN FAVOUR OF BEARS ONLY.

SBI - AXIS BANK - RELCAP - RELINFRA ANALYSIS

TRADE BELOW 2084

MAIN SUPPORT @ 2076 - 2063 - 2047

2047

MAIN SUPPORT @ 1031 - 1020 

RESISTANCE @ 1072 - 1088 -1094

1017

MAIN SUPPORT @ 316

IF PRICE CLOSE BELOW 316 ......... WE CAN SEE PANIC UPTO 302

302

MAIN SUPPORT @ 510 - 503 -496

RESISTANCE @ 517 - 525

NIFTY FUTURE STRATEGY FOR 4/05/12

Last close @ 5199.8

@ 5153 - 5134 

Trade below 5200 with volume ...... Then  main support @ 5186 - 5175 -5153 - 5134...


Main Resistance @ 5221 - 5239 - 5258

INFOSYS ANALYSIS

MAIN RESISTANCE @ 2515 (20 SMA)

AND 2523..... ,MAIN SUPPORT @ 2390

NIFTY FUTURE STRATEGY FOR 3/05/12

Nifty Future last close @ 5247


If trade below 5247 with volume for 5-10 minutes , then main support @ 5226 -5221 - 5201 - 5195 -5181






    Main Resistance @ 5258 - 5274 -5288 -5302.......





                                            @ 5153 and 5144

NIFTY FUTURE STRATEGY FOR 2/05/12

If price trade above 5272 with volume for 5-10 minutes.....Resistance @......

RESISTANCE 1 - 5288


RESISTANCE 2 - 5308


RESISTANCE 3 - 5315


RESISTANCE 4 - 5330

If price trade below 5268........ with volume .............  Support @........


SUPPORT 1  -   5254 


SUPPORT 2 -  5245


SUPPORT 3 -  5226 


SUPPORT 4 -  5221


SUPPORT 5 - 5201

SBI - AXIS BANK - INFOSYS - RELCAP - RELINFRA

MAIN RESISTANCE @ 2522

MAIN SUPPORT @ 2428 - 2390

MAIN RESISTANCE @ 534 - 539 -555

SUPPORT @ 512

MAIN SUPPORT @ 316 AND RESISTANCE @ 334 -342

IF PRICE CLOSE BELOW 316......

THEN ULTIMATE TARGET IS 303

MAIN RESISTANCE @ 889 - 894 -900

MAIN SUPPORT @ 870 - 864 -861

SUPPORT @ 2127 - 2114 - 2101

RESISTANCE @ 2149 - 2157 -2170 -2180

RESISTANCE @ 1116 - 1125 - 1130 -1136

SUPPORT @ 1098 - 1089 -1081 -1076