NIFTY CHART ANALYSIS

NIFTY SPOT DAILY CHART

RESISTANCE @ 4956 - 4976 - 5040

SUPPORT @ 4804 - 4789

20 SMA WILL ACT AS RESISTANCE @ 4995

TRADING RANGE BETWEEN 4789 - 4956

BULLS HAVE TO CLOSE ABOVE 4943 FOR ANOTHER UPMOVE.CLOSING BELOW 4836 MAY LEAD STEEP FALL..20 SMA @ 4995 WILL ACT AS RESISTANCE..

NIFTY SPOT WEEKLY CHART

RESISTANCE @ 4857 - 5099

SUPPORT @ 4789

5 WEEK SMA @ 5010 WILL ACT AS RESISTANCE ...

AXIS BANK CHART ANALYSIS

LAST CLOSE 1000

RESISTANCE @ 1014 - 1030 - 1050

SUPPORT @ 951- 922

BULLS NEED TO CLOSE ABOVE 20 SMA @ 1007 FOR ANOTHER UPMOVE.

ASCENDING TRIANGLE PATTERN IN AXIS BANK...HEIGHT 92 POINTS..... IF BREAKOUT HAPPEN .....TARGET MAY BE ......1000 +92 = 1092

SBI CHART ANALYSIS

SBI DAILY CHART

LAST CLOSE : 2007

CLOSING ABOVE 20 AND 200 SMA FAVOURING BULLS.

MAIN RESISTANCE @ 2040 - 2049 - 2069.

MAIN SUPPORT @ 1920

100 SMA WILL ACT AS RESISTANCE @ 2077

FIBANOCCI RETRACEMENT

 38.2 % @ 2060 WILL ACT AS RESISTANCE..

TRADING RANGE BETWEEN 1920- 2040

FORMING SYMMETRICAL TRIANGLE PATTERN....

SUPPORT BECOMES RESISTANCE @ 2047

WEEKLY CHART...

RESISTANCE @ 2049

SUPPORT @ 1802

SBI - AXIS - ICICI- RELCAP - RELINFRA- TATA STEEL ANLYSIS FOR 25/05/12

LAST CLOSE @ 1966

RESISTANCE @ 1980 - 2030 - 2040 -2050

SUPPORT @ 1920 - 1876 - 1832 - 1821

LAST CLOSE @ 318

RESISTANCE @ 320 - 327 - 333

SUPPORT @ 305 - 301 - 295

LAST CLOSE @ 455

RESISTANCE @ 460 - 464 - 477

SUPPORT @ 440 - 434 - 423

LAST CLOSE @ 821

RESISTANCE @ 828 - 830 - 837

SUPPORT @ 798 - 792 - 781

TRADING ABOVE 828..... WE CAN SEE 836 - 854 NOT RULED OUT  ...IN COMING DAYS....

LAST CLOSE @ 399

RESISTANCE @ 403 - 406 - 411

SUPPORT @ 394 - 390 - 388

LAST CLOSE @ 998

RESISTANCE @ 1006 - 1014 - 1030

SUPPORT @ 988 - 983 - 970 - 963

TRADE ABOVE 1014.......WE CAN SEE 1030 IN COMING DAYS....OR 

NIFTY FUTURE STRATEGY FOR 25/05/12

LAST CLOSE : 4913

RESISTANCE @ 4925 - 4940 4955 - 4988

SUPPORT @ 4882 - 4860 - 4845 - 4830

HURDLES @ 

IF TRADE ABOVE 4955 WITH VOLUME FOR 10-15 MINUTES............ WE CAN SEE FIRE UPTO ........

4988 - 5000 LEVELS.......

SBI-ICICI-AXIS- BPCL-IOC ANALYSIS FOR 24/05/12

LAST CLOSE : 963

RESISTANCE @ 983 - 988 - 995

SUPPORT @ 950 - 944 - 922

LAST CLOSE : 1955

RESISTANCE @ 1980 - 2030 - 2040

SUPPORT @ 1921 - 1876 - 1832

LAST CLOSE : 310

RESISTANCE @ 314 - 318 - 320 - 329

SUPPORT @ 305 - 301 - 295

LAST CLOSE : 438

RESISTANCE @ 442 - 449 - 460

SUPPORT @ 433- 422

LAST CLOSE : 793

RESISTANCE @ 805 - 810 - 819

SUPPORT @ 790 - 780 - 768

LAST CLOSE : 722

 RESISTANCE @ 736 - 742 - 759

SUPPORT @ 718 - 714 - 70- - 700

LAST CLOSE : 273

RESISTANCE @ 278 - 282 - 288- 291

SUPPORT @ 272 - 267 - 260