SBI _ AXIS - ICICI - RELINFRA - TATA MOTORS ANALYSIS FOR 06/06/12

LAST CLOSE @ 2083

RESISTANCE @ 2089 - 2110 - 2118

SUPPORT @ 2061 - 2038 - 2017

TRADING ABOVE 2077.... NO PROBLEM 

FOR BULLS.

SUPPOSE CLOSING BELOW 2077...THEN BEARS MAY TRY TO EXTENT THE FALL UPTO 2017 LEVEL.

MAIN RESISTANCE @ 2150

MAIN SUPPORT @ 2017

LAST CLOSE @ 990

RESISTANCE @ 996 - 1012 - 1017

SUPPORT @ 984 - 975 - 964

TRADING ABOVE 984... NO PROBLEM FOR BULLS..

SUPPOSE BREAK AND CLOSE BELOW 984.....MAY SEE NON STOP SLIDE UPTO 

964 - 957 LEVELS VERY SOON  .

LAST CLOSE @ 792

RESISTANCE @ 804 - 807 - 819

SUPPORT @ 787 - 779 - 767

TECHNICALLY WEAK , IF TRADE BELOW 807..

MAIN SUPPORT @ 767

LAST CLOSE @ 450

RESISTANCE @ 458 - 461 - 464

SUPPORT @ 442 - 432 - 427

IF BULLS CAN CLOSE ABOVE 457....THEN NEXT TARGET MAY BE 470 - 477 LEVELS NOT RULED OUT....

TECHNICALLY WEAK... TRADE BELOW 455

CONTINUOUSLY TRADING BELOW 455...MAY LEAD TO FALL UPTO 432 - 427 LEVELS

LAST CLOSE @ 222

RESISTANCE @ 230 - 236 - 239

SUPPORT @ 217 - 213 - 206

MAIN SUPPORT @ 217

NIFTY FUTURE STRATEGY FOR 06/06/12

LAST CLOSE @ 4846

RESISTANCE @ 4879 - 4886 - 4906 - 4915

SUPPORT @ 4822 - 4815 - 4782 - 4768

MAIN RESISTANCE @ 4886

MAIN SUPPORT @ 4815

SBI BUY ABOVE 2045

BUY ABOVE 2045

STOP LOSS BELOW 2017

TARGET 2078 - 2089 - 2101

INTRADAY 50 POINTS GAIN

SBI- AXIS-ICICI-RELCAP-RELINFRA-TATA MOTORS ANALYSIS FOR 05/06/12

LAST CLOSE @ 2046

RESISTANCE @ 2054 - 2080 - 2090 -2100

SUPPORT @ 2017 - 1974 - 1960 - 1954

MAIN SUPPORT @ 1960 - 1920

TODAY BULLS MAY TRY TO KISS 2080...

SUPPOSE PRICE CLOSE BELOW 1960...IT INDICATES...BEARS IN POWER..SO WATCH 1960 LEVEL CAREFULLY..

LAST CLOSE @ 988

RESISTANCE @ 995 - 1000 - 1012 - 1017

SUPPORT @ 982 - 964 - 957 - 944

TRADING ABOVE 983 POSITIVE FOR BULLS.

BULLISH ENGULFING PATTERN FORMED....EXPECT REVERSE FROM HERE...

LAST CLOSE @ 789

RESISTANCE @ 797 - 802 - 807

SUPPORT @ 779 - 768

LAST HOPE FOR BULLS @ 768

MAIN RESISTANCE @ 807 -810 LEVELS...

BULLISH ENGULFING PATTERN FORMED....

LAST CLOSE @ 438

RESISTANCE @ 444 - 453 - 458

SUPPORT @ 428  -416

LAST HOPE FOR BULLS @ 416

LAST CLOSE @ 229

RESISTANCE @ 236 - 240 - 252

SUPPORT @ 223 - 217 - 212

MAIN SUPPORT @ 217

TRADING ABOVE 222 POSITIVE FOR BULLS...

NIFTY FUTURE STRATEGY FOR 05/06/12

LAST CLOSE @ 4841

RESISTANCE @ 4852 - 4879 - 4894 - 4915

SUPPORT @ 4812 - 4782 - 4761 - 4750

BULLS HAVE TO CLOSE ABOVE 4894 FOR NEXT UP MOVE.

MAIN SUPPORT @ 4750 - 4720

SELL JUBILIANT FOOD WORKS BELOW 1222

LAST CLOSE @ 1234

SELL BELOW 1222

STOP LOSS @ 1250

TARGET 1185 - 1164

LAST CLOSE @ 249

TRADE ABOVE 253 WITH VOLUMES FOR 5-10 MINUTES.....NEXT TARGET MAY BE 271 - 301

STOP LOSS BELOW 236

NIFTY FUTURE STRATEGY FOR 04/06/12

LAST CLOSE @ 4825

RESISTANCE @ 4831 - 4879 - 4915

SUPPORT @ 4815 - 4782 - 4768

CLOSING BELOW 4815... BEARS MAY TRY TO EXTENT THE FALL UPTO 4788- 4752 SOON.

MAIN SUPPORT @ 4721

SBI-AXIS-ICICI-RELCAP-RELINFRA ANALYSIS FOR 4/06/12

LAST CLOSE @ 2028

RESISTANCE @ 2038 - 2081 - 2096

SUPPORT @ 2017 - 1986 - 1976 - 1960

IF PRICE TRADE BELOW 2096.....BEARS MAY TRY TO KISS 1976 - 1960 LEVELS SOON.

MAIN SUPPORT @ 1960 - 1920

LAST CLOSE @ 782

RESISTANCE @ 799 - 802 - 806

SUPPORT @ 768 - 762 - 750

TECHNICALLY VERY WEAK.

BULLS NEED TO CLOSE ABOVE 812 FOR ANOTHER UP MOVE.

LAST CLOSE @ 965

TRADING BELOW 991 INDICATES WEAKNESS.

MAIN SUPPORT @ 922

INITIATE BUY POSITION ONLY ABOVE 991

LAST CLOSE @ 299

RESISTANCE @ 304 - 312 - 314

SUPPORT @ 290 - 285 - 282

TRADING BELOW 304 INDICATES BEARS IN POWER.

MAIN SUPPORT @ 282

LAST CLOSE @ 430

RESISTANCE @ 440 - 453 - 457

SUPPORT @ 427 - 422 - 412

CHART INDICATES TECHNICALLY WEAK.

INITIATE BUY POSITION ONLY ABOVE 461

MAIN SUPPORT @ 422

LATS CLOSE @ 225

RESISTANCE @ 230 - 236 - 239

SUPPORT @ 220 - 216 - 212

MAIN SUPPORT @ 220

CLOSING BELOW 220...MAY LEAD TO 213 - 200 LEVELS SOON..