TATA STEEL ANALYSIS

         

LAST CLOSE @ 432

IF TRADE BELOW 432 FOR 10 -15 MINUTES WITH VOLUME ,............WE CAN SEE FREE FALL UPTO 
                                  428-  421 -416 -408


STOP LOSS ABOVE 435

SBI - AXIS BANK - ICICI ANALYSIS

MAIN SUPPORT @ 1982 - 1970 -1927

MAIN RESISTANCE @ 2017 - 2038 -2059 - 2069

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

@ 984

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

MAIN SUPPORT @ 999 - 991 -984 -955

MAIN RESISTANCE @ 1020 - 1038 - 1046 -1050

MAIN SUPPORT @ 833 - 815 - 810 -797

MAIN RESISTANCE @ 847 -853

INFOSYS ANALYSIS

MAIN RESISTANCE @ 2498 AND 2523

SUPPORT BECOMES RESISTANCE @ 2555

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