NIFTY FUTURE STRATEGY FOR 29/05/12

LAST CLOSE : 4975

RESISTANCE @ 4988 - 5028 - 5046 - 5056

SUPPORT @ 4940 - 4933 - 4925 - 4912

TRADING ABOVE 4988.... NO PROBLEMS FOR BULLS.... WE CAN SEE 5056 IN COMING DAYS...

MAIN SUPPORT @ 4955 - 4960 LEVELS....

WAIT AND SEE..

SBI-ICICI-AXIS-TATA STEEL- TATA MOTOR ANALYSIS FOR 29/05/12

LAST CLOSE : 2101

RESISTANCE @ 2128 - 2140 - 2157 - 2170

SUPPORT @ 2069 - 2050 - 2040 - 2017

TECHNICALLY STRONG.... IF TRADING ABOVE 2080.....WATCH CAREFULLY 2170 LEVEL....SUPPOSE BREAK AND CLOSE ABOVE 2170.... WE CAN SEE 2210 - 2215 LEVELS

LAST FRIDAY... INITIATE BUY SBI FUTURE @ 1980....AND BUY CALL 2050 @ RS 9..... NOW TRADING ABOVE 60...STILL HOLDING....

LAST CLOSE : 1029

RESISTANCE @ 1032 - 1050 - 1067

SUPPORT @ 1013 - 1004 - 992

TECHNICALLY STRONG.....TRADING ABOVE 1001.... NO PROBLEM FOR BULLS...BULLS MAY TRY TO KISS 1050 - 1068 LEVELS SOON....

LAST CLOSE : 834

RESISTANCE @ 837 - 846 - 855

SUPPORT @ 826 - 817 - 805

TECHNICALLY STRONG ... IF TRADE ABOVE 823.... CAN SEE FIRE UPTO 855 LEVELS SOON...

LAST CLOSE : 412

RESISTANCE @ 416 - 420 - 425

SUPPORT @ 408 - 396 - 391

BULLS NEED TO CLOSE ABOVE 420....TO KILL BEARS...

LAST CLOSE : 277

RESISTANCE @ 284 - 288 - 292

SUPPORT @ 272 - 268 - 262

IF TRADE ABOVE 267....FAVOURING BULLS....IF CLOSE ABOVE 288.... EXPECT ANOTHER FIRE WORKS WILL START TILL....????? WAIT AND SEE....

LAST CLOSE : 254

RESISTANCE @ 258 - 260 - 262

SUPPORT @ 252 - 248 - 246

TECHNICALLY WEAK ... IF TRADE BELOW 255 .....BULLS NEED TO CLOSE ABOVE 255 FOR FURTHER UPSIDE...

LAST CLOSE : 324

STIFF RESISTANCE @ 332 - 336 LEVELS...IF BULLS CAN BREAK AND CLOSE ABOVE 336 LEVELS.....NEXT TARGET MAY BE 342 - 344

LAST CLOSE : 474

RESISTANCE @ 480 - 484 - 493

SUPPORT @ 466 - 455 - 450

BULLS NEED TO CLOSE ABOVE 478.....SUPPOSE CLOSE AND TRADE ABOVE 478.... WE CAN SEE 494 VERY SOON.....

NIFTY FUTURE STRATEGY FOR 28/05/12

LAST CLOSE : 4919

RESISTANCE @ 4933 - 4940 - 4955 - 4983

SUPPORT @ 4925 - 4912  - 4906 - 4877

CRUCIAL RESISTANCE @

BULLS HAVE TO CLOSE ABOVE 4955.... FOR ANOTHER FIRE WORKS....IF CAN'T ....WE CAN SEE RETEST AGAIN 4800 LEVELS....

WAIT AND SEE......

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