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

NIFTY FUTURE STRATEGY FOR 05/07/12

LAST CLOSE @ 5323

 LAST 3 DAYS, THE NIFTY HAS BEEN TRADING IN RANGE BETWEEN 5270 - 5335. A MOVE OUT OF THIS RANGE SHOULD GIVE A DIRECTION  FOR NIFTY.WE CAN LOOK FOR A BREAKOUT OF THIS  RANGE VERY SOON.

YESTERDAY INDICATED ABOVE 5310...WILL TAKE TO 5325 - 5335 LEVELS. YESTERDAY MADE HIGH 5332.

WHAT TO EXPECT TODAY?

TODAY IF BULLS CAN TRADE AND SUSTAIN ABOVE 5323....WILL TAKE TO 5334 - 5347 LEVELS.

SIGNIFICANT RESISTANCE @ 5340.

ABOVE 5340....BULLS TRY TO HIT 5358 - 5366 LEVELS.

BELOW 5320....BEARS TRY TO KISS 5310 - 5287 LEVELS. 

THEREAFTER 5272  AND 5240 ARE SUPPORTS.

STIFF RESISTANCE @ 5400 - 5410

STRONG  SUPPORT @ 5215 - 5200 LEVELS

SBI - AXIS - ICICI ANALYSIS FOR 05/07/12

LAST CLOSE @ 2225

YESTERDAY INDICATED....TRADING ABOVE 2190 WILL TAKE TO 2218 AND  WE CAN SEE 2244 IN COMING DAYS.Y'DAY MADE HIGH 2230 .

TODAY ABOVE 2225... BULLS TRY TO HIT 2235  - 2244 LEVELS.

THEREAFTER 2256 TARGET FOR BULLS.

BELOW 2225....BEARS MAY TAKE TO 2200 - 2190 LEVELS.

BELOW 2190....NEXT SUPPORT @ 2177.

LAST CLOSE @ 1041

YESTERDAY BOLDLY WRITTEN....ABOVE 1045....MAY KISS 1050 - 1054 LEVELS.

HIT HIGH 1052

TODAY  TRADING ABOVE 1040....WILL TAKE TO 1053 - 1063 LEVELS.CROSSOVER 1063....MAY HIT 1072

BELOW 1054....BEARS IN POWER.

TODAY 1040....BEARS MAY EXTENT THE FALL UPTO 1033 - 1023

BREAKDOWN BELOW 1023.....WILL TOUCH 1015

LAST CLOSE @ 903

RESISTANCE @ 912 - 918 - 923

SUPPORT @ 896 - 884 - 877

NIFTY FUTURE STRATEGY FOR 04/07/12

LAST CLOSE @ 5306

LAST TWO DAYS....TRADING INSIDE THE RANGE BETWEEN 5270 - 5335 LEVELS.

YESTERDAY  INDICATED ....ABOVE 5300 WILL TAKE NIFTY TO 5334....YESTERDAY MADE HIGH 5335

TODAY IF BULLS CAN TRADE ABOVE 5310....MAY TOUCH 5325 - 5335 LEVELS.

SIGNIFICANT RESISTANCE @ 5340

CROSSOVER 5340....MAY HIT 5347 - 5358 LEVELS.

BELOW 5300.....MAY TAKE TO 5275 - 5250 LEVELS.

BELOW 5250...SUPPORT @ 5238 - 5221

STRONG SUPPORT @ 5200

MAIN RESISTANCE @ 5400 - 5410 LEVELS.

SBI - AXIS - RELIANCE CAPITAL ANALYSIS FOR 04/07/12

LAST CLOSE @ 2187

YESTERDAY INDICATED...TRADING ABOVE 2185 WILL TAKE TO 2200 - 2212.....Y'DAY MADE HIGH 2204

TODAY TRADING ABOVE 2190...WILL TOUCH 2197 - 2204 LEVELS AND RESISTANCE @ 2212 AND 2218

IN COMING DAYS ULTIMATE TARGET MAY BE 2244

MAIN SUPPORT @ 2138

BREAK BELOW 2185....WILL TAKE TO 2177 - 2170.

THEREAFTER 2160 -AND 2150 ARE TARGETS FOR BEARS.

LAST CLOSE @ 1044

Y'DAY INDICATED....IF BULLS CAN TRADE ABOVE 1030....WE CAN SEE 1039 AND 1054.

YESTERDAY MADE HIGH 1050

TODAY....TRADING ABOVE  1045...BULLS MAY KISS 1050 - 1054

ABOVE 1054.....NEXT RESISTANCE @ 1060

TRADING BELOW 1044...WITH VOLUME FOR 5 -10 MINUTES.....BEARS MAY TRY TO EXTENT THE FALL UPTO 1038 - 1033 LEVELS.

THEN 1020 IS THE TARGET FOR BEARS.

LAST CLOSE @  377

EXPECT SOME CORRECTION IN BETWEEN 381 AND 385 BEFORE ANY UPMOVE.

RESISTANCE @ 381 - 392 - 396

SUPPORT @ 370 364 - 360

NIFTY FUTURE STRATEGY FOR 03/07/12

LAST CLOSE @ 5296

ONCE IF BULLS CAN MANAGE TO CROSS 5300....IT MAY TOUCH 5315 - 5325 LEVELS.

ABOVE THOSE LEVELS...BULLS MAY TAKE NIFTY INDEX TO 5335 - 5347 - 5358 LEVELS.

SEE SIGNIFICANT RESISTANCE @ 5340

BELOW 5295....WILL TAKE TO 5278 - 5250 LEVELS.

BELOW 5250....NEXT SUPPORT @ 5238

STIFF RESISTANCE @ 5400 - 5410 LEVELS.

STRONG SUPPORT @ 5204....5200 LEVELS.

AXIS - ICICI - SBI ANALYSIS FOR 03/07/12

LAST CLOSE @ 1029

YESTERDAY INDICATED....IF BULLS CAN SUSTAIN ABOVE 1016....WE CAN SEE 1034 IN INTRADAY.....YESTERDAY MADE HIGH 1039..

WHAT TO EXPECT TODAY..

IF PRICE CAN TRADE ABOVE 1030....WILL TAKE TO 1039 - 1054 LEVELS.

TRADING BELOW 1029....MIGHT DRAG DOWN TO 1016 - 1007 LEVELS.

LAST CLOSE @ 2182

YESTERDAY BOLDLY WRITTEN....IF PRICE TRADE ABOVE 2160....NEXT TARGET MAY HIT      2185 - 2200 LEVELS.YESTREDAY MADE HIGH 2197.

WHAT TO EXPECT TODAY

TECHNICALLY STRONG IF BULLS CAN TRADE ABOVE 2138

TRADING ABOVE 2185....WILL TAKE TO 2197 - 2200.

THEREAFTER 2212 - 2218 NOT RULED OUT.

ULTIMATE TARGET 2244.LEVELS.

TRADING BELOW 2180....EXPECT CORRECTION UPTO 2170 - 2160 .

THEREAFTER  NEXT TARGET 2148

MAIN SUUPORT @ 2138

LAST CLOSE @ 894

YESTERDAY  INDICATED..BEFORE  ANY UPSIDE MOVE ABOVE 905...WE EXPECT SOME CORRECTION. YESTERDAY MADE HIGH 904   AND  CORRECT TO 884.

TODAY MAIN RESISTANCE @ 904 - 914 - 917

BELOW 894.......SUPPORT @ 884 - 879 - 875

REMEMBER ....ANY UPSIDE MOVE  ABOVE 905 - 914....WE EXPECT  CORRECTION ATLEAST  870 LEVELS.

NIFTY FUTURE STRATEGY FOR 02/07/12

LAST CLOSE @ 5297

LAST TRADING DAY...WE SAW NON STOP RALLY FROM 5151 - TO 5310.

WHAT TO EXPECT TODAY?

ONCE THE NIFTY CAN MANAGE ABOVE 5297....THEN BULLS MAY TRY TO RIDE TILL

 5315 - 5330 LEVELS.

THEREAFTER 5347 - 5358 ARE TARGETS FOR BULLS.

NIFTY WILL FACE SIGNIFICANT RESISTANCE @ 5340 .

IF BULLS CAN BREAK ABOVE 5340...WILL TAKE TO 5347 - 5358 LEVELS.

BELOW 5297....POSSIBLE CORRECTION TILL ... 

5288-5250 - 5238.

THEREAFTER 5221 - 5215

SBI - AXIS - ICICI BANK ANALYSIS FOR 2/07/12

LAST CLOSE @ 1016

TRADING ABOVE  1016....WILL TAKE TO 1021 - 1029.

IF BULLS CAN SUSTAIN AND CLOSE ABOVE  1016....WE CAN SEE 1034....IN INTRADAY  OR IN COMING DAYS .

SUPPOSE TRADE BELOW 1015....THEN BEARS TARGET MAY BE 996 - 990 LEVELS.

LAST CLOSE @ 900

STIFF RESISTANCE IN BETWEEN 905 - 914 LEVELS.

BEFORE ANY UPSIDE MOVE ABOVE 914....EXPECT SOME CORRECTION.

TRADING BELOW 900....SUPPORT @ 895 - 890 - 883 LEVELS.

LAST CLOSE @ 2159

IF BULLS CAN TRADE ABOVE 2160....WITH VOLUME  FOR 10- 15 MINUTES....WE CAN SEE 2170 - 2185 IN INTRADAY.

THEREAFTER 2192 - 2200 NOT RULED OUT.

BELOW 2160...SUPPORT @ 2138 - 2127 - 2120 LEVELS.

NIFTY FUTURE STRATEGY FOR 29/06/12

LAST CLOSE @ 5151

NOW THE INDEX  IN CONSOLIDATTION MODE , MOVING INSIDE A TRADING RANGE BETWEEN 5090 - 5200.

A MOVE OUT OF THIS RANGE  EXPECTED SOON.

IF PRICE CAN SUSTAIN ABOVE  5167...NEXT TARGET MAY HIT 5179....CROSSOVER 5179 WILL TAKE TO 5191 LEVEL.

STIFF RESISTANCE @ 5204

SUPPOSE TRADE BELOW 5151....BEARS  TRY TO TOUCH 5121 - 5090 LEVELS.

STRONG SUPPORT @ 5085.

A CLOSE ABOVE 5210 WOULD SUGGEST STRENGTH WITH MORE UPSIDE POSSIBLE.

WE SHOULD THEN LOOKING @ .......?????

A CLOSE BELOW 5085...WILL TELL US THAT THE NIFTY IS READY FOR A CORRECTION ATLEAST  .........LEVELS...?????

SBI - ICICI LARSEN& TOUBRO - AXIS BANK ANALYSIS FOR 29/06/12

LAST CLOSE @ 1343

MAIN SUPPORT @ 1330

TRADE BELOW 1345...WILL TAKE TO 1337 - 1331 LEVELS

IF PRICE TRADE  BELOW 1330 WITH VOLUME FOR 5 - 10 MINUTES.....WE CAN SEE

 1304 - 1300 IN COMING DAYS.

TRADE ABOVE 1345....WILL TAKE TO 1362 - 1370 LEVELS.

STIFF RESISTANCE @ 1379

BELOW 1343...  ULTIMATE TARGET MAY BE 1324....IN INTRADAY ...????

LAST CLOSE @ 2098

TRADING BELOW 2100....INDICATES WEAKNESS....MAY SLIDE TO 2085 - 2070 LEVELS.

STRONG SUPPORT @ 2070 LEVEL.

BREAK BELOW 2070....CAN SEE FREE FALL UPTO 2061 LEVEL.

SUPPOSE BULLS CAN TRADE AND SUSTAIN ABOVE 2103....TAKE TO 2124....THEREAFTER 2135.

HURDLES @ 2135 - 2140 LEVELS.

CLOSING BELOW 2068.....WE CAN SEE........IN COMING DAYS.??????

LAST CLOSE @ 857

TRADING ABOVE 857....NEXT TARGET MAY HIT...863 AND 871.

STIFF RESISTANCE @ 871

BELOW 852...WILL SLIDE UPTO 849 -843 LEVELS.

LAST CLOSE @ 979

TRADING BELOW 980...BULLS TRY TO KISS ....969 - 962

STRONG SUPPORT @ 944

ONCE IF MANAGES TO CROSS 982.... CAN SEE 991 - 995 LEVELS.

SELL TATA STEEL @ 424

CMP 424

SELL @ 424

STOP LOSS 427

TARGET 415

SUBJECT TO DISCLAIMER