AXIS-ICICI-SBI-RELCAP-RELINFRA ANALYSIS FOR 28/05/12

LAST CLOSE : 1000

RESISTANCE @ 1014 - 1030 - 1038

SUPPORT @ 992 - 983 - 972

CLOSING ABOVE 1014.....WE CAN SEE 1030 - 1038...... IN COMING DAYS.BULLS HAVE TO CLOSE ABOVE 1014 FOR ANOTHER FIRE.....

LAST CLOSE : 815

RESISTANCE @ 826 - 830 - 837

SUPPORT @ 805 - 797 - 790

BULLS NEED TO CLOSE ABOVE 826 FOR ANOTHER UPMOVE....SUPPOSE CLOSE ABOVE 826....

WE CAN SEE 847 - 854 IN COMING DAYS

MAIN SUPPORT @ 790

LAST CLOSE : 2007

RESISTANCE @ 2018 - 2030 - 2040

SUPPORT @ 1975 - 1955 - 1931

CLOSING ABOVE 2049..... BULLS MAY TRY TO KISS 2069 - 2075 LEVELS...

LAST CLOSE : 409

RESISTANCE @ 411 - 417 - 421

SUPPORT @ 402 - 396 - 390

MAIN SUPPORT @ 389 AND RESISTANCE @ 421

LAST CLOSE : 320

RESISTANCE @ 325 - 333 - 336

SUPPORT @ 316 - 305 - 301

SUPPOSE TRADING AND CLOSING  BELOW 316.... SHOWING WEAKNESS..... THEN BEARS MAY TRY TO EXTENT THE FALL UPTO 305 - 301 LEVELS....

LAST CLOSE : 464

RESISTANCE @ 472 - 479 - 484

SUPPORT @ 461 - 450 - 441

CLOSING ABOVE 479 ..... WE CAN SEE 493 .....IN COMING DAYS

LAST CLOSE : 726

RESISTANCE @ 735 - 756 - 760

SUPPORT @ 722 - 716 - 707

CLOSING ABOVE 737....NEXT TARGET MAY BE....756

MAIN SUPPORT @ 703

LAST CLOSE : 269

RESISTANCE @ 272 - 277 - 284

SUPPORT @ 263 - 255

CLOSING ABOVE 277.... NEXT TARGET MAY BE....284

MAIN SUPPORT @ 255

LAST CLOSE : 457

RESISTANCE @ 474 - 485

SUPPORT @ 455 - 450 - 443

MAIN SUPPORT @ 443

LAST CLOSE : 607

RESISTANCE @ 615 - 623 - 626 -632

SUPPORT @ 598 - 591 - 585

MAIN SUPPORT @ 566

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