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Nifty 50 Reports for the Week (11th – 15th April ‘11)

Apr 08, 2018

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  • 8/7/2019 Nifty 50 Reports for the Week (11th 15th April 11)

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    om

    WEEKLYWEEKLY

    STOCKS REPORTS11th Apr - 15th Apr 2011

    Glob al Re se ar ch L imi t e d

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    TECHNICAL OVERVIEW

    ACCWEEKAHEAD

    Weekly Pivots

    ACC

    The stock consolidated throughout this week. It is trading above its 10 and 50 days moving

    averages. Now the stock has resistance at 1150 and support at 1085, if it crosses this level

    and maintain to sustain above it, further upside may be seen in it.

    RESISTANCE 1150

    SUPPORT 1085

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    ACC 1191.62 1156.23 1108.62 1073.23 1025.62

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    Technical Picture

    Figure: 2 : Nifty50 Graph

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    TECHNICAL OVERVIEW

    AMBUJA CEMENTWEEKAHEAD

    Weekly Pivots

    AMBHUJACEMENT

    The stock is consolidating with positive biasness after a continuous up rally previously. It

    faces major resistance at 157, crossing of this level may continue its bullish trend else it may

    also resist at higher levels.

    RESISTANCE 157

    SUPPORT 144

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    AMBUJACEM 156.55 152.95 149.85 146.25 143.15

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    Technical Picture

    Figure: 3 : Nifty50 Graph

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    TECHNICAL OVERVIEW

    AXISWEEKAHEAD

    Weekly Pivots

    AXIS

    Axis bank is currently moving in a bullish trend. The stock has major resistance at 1461, and

    support level at 1405. The stock may check the resistance level at 1461, and if it sustain

    above this level then further positive movement can be expected.

    RESISTANCE 1461

    SUPPORT 1405

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    AXISBANK 1492.5 1471.1 1439.05 1417.65 1385.6

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    Figure: 4 : Nifty50 Graph

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    TECHNICAL OVERVIEW

    BAJAJ AUTOWEEKAHEAD

    Weekly Pivots

    BAJAJAUTO

    Bajaj Auto is in correction phase after upside shown in previous sessions. The stock today

    managed to breach its support level; one may go for sell on rise strategy in the stock as the

    stock is expected to continue its correction in coming trading sessions as well.

    RESISTANCE 1465

    SUPPORT 1385

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BAJAJ-AUTO 1499.78 1458.37 1432.98 1391.57 1366.18

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    Figure: 5 : Nifty50 Graph

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    TECHNICAL OVERVIEW

    BHELWEEKAHEAD

    Weekly Pivots

    BHEL

    The stock is consolidating at higher levels after an up rally previously. It has support at 2175;

    breach of this level may bring some more correction in the stock. RESISTANCE 2265

    SUPPORT 2162

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BHEL 2329.08 2265.27 2182.68 2118.87 2036.28

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    Figure: 6 : Nifty50 Graph

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    TECHNICAL OVERVIEW

    BPCLWEEKAHEAD

    Weekly Pivots

    BPCL

    BPCL is in consolidation phase this week. It has resistance level at 625 and above this level it is

    looking strong on charts. It has support level at 590, and if it sustain below this level further

    downward movement can be expected.

    RESISTANCE 625

    SUPPORT 590

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BPCL 627.97 615.03 603.87 590.93 579.77

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    Figure: 7 : Nifty50 Graph

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    TECHNICAL OVERVIEW

    BHARTI AIRTELWEEKAHEAD

    Weekly Pivots

    BHART

    IAIRTEL

    The stock is currently consolidating in a tight range. It has resistance at 365, if it manages to

    sustain above this level, one may expect it to continue its bullish trend else it may also resist at

    higher levels.

    RESISTANCE 365

    SUPPORT 340

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BHARTIARTL 461.37 411.63 378.67 328.93 295.97

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    Figure: 8 : Nifty50 Graph

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    TECHNICAL OVERVIEW

    CIPLAWEEKAHEAD

    Weekly Pivots

    CIPLA

    Cipla is consolidating with negative biasness this week. It has resistance level at 333 and

    support level at 313. It is expected to move within this range. One should wait for crossing of

    levels on either side before taking any positions in it.

    RESISTANCE 333

    SUPPORT 313

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    CIPLA 330.52 324.28 319.77 313.53 309.02

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    Figure: 9 : Nifty50 Graph

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    CAIRNWEEKAHEAD

    CAIRN

    The stock currently moving in a correction phase. One could hold the short positions in the

    stock as it is expected to continue its correction phase and may move till the levels of 339 in

    downside.

    RESISTANCE 360

    SUPPORT 339

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    CAIRN 383.23 364.77 353.88 335.42 324.53

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    Figure: 10 : Nifty50 Graph

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    DLFWEEKAHEAD

    DLF

    The stock has successfully taken resistance at higher levels and had a corrective rally in

    today's trading session. It has next support at 254, breach of this level will continue the

    corrective rally and may take the stock further down till the levels of 240-235 in near term.

    RESISTANCE 275

    SUPPORT 254

    STOCK R2 R1 PP S1 S2

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    DLF 280.97 270.13 263.87 253.03 246.77

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    Figure: 11 : Nifty50 Graph

    DR REDDYWEEKAHEAD

    DRREDDY

    The stock was found to be consolidating during the week. The trend presently in the stock is

    up and it is facing resistance at 1660. Break of resistance may take the stock further on

    upside. One can go for buying the stock once it manages to sustain above the resistance

    level.

    RESISTANCE 1660

    SUPPORT 1615

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    DRREDDY 1682.58 1656.27 1631.68 1605.37 1580.78

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    Figure: 12 : Nifty50 Graph

    GAIL INDIAWEEKAHEAD

    DRREDDY

    The trend presently in the stock is up and a profit booking was seen in the stock from past

    two trading session. The stock is facing resistance at 485 and has support at 460. Once it

    manages to sustain above its support then a further up movement can be seen in the stock

    and one can go for buying around its support.

    RESISTANCE 485

    SUPPORT 460

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 13

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    GAIL 495.42 483.28 469.17 457.03 442.92

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    Figure: 13 : Nifty50 Graph

    HCLWEEKAHEAD

    HCL

    As said earlier the stock is an uptrend and one can go for buying the stock. Once it manages

    to sustain above its resistance level of 502 then a further up movement can be expected in

    the stock. The support for the stock is 480.

    RESISTANCE 502

    SUPPORT 480

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    WEEKAHEAD

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HCLTECH 520.25 502.5 485.25 467.5 450.25

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    Figure: 14 : Nifty50 Graph

    HDFC BANKWEEKAHEAD

    HDFCBANK

    A correction was seen in the stock during the week and the stock was trading near support.

    The stock is facing resistance at 2405 and support at 2320. The stock is close to its support

    and break of which may take the stock further down. One may go for selling the stock once

    it breaks its support.

    RESISTANCE 2405

    SUPPORT 2320

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 15

    WEEKLY

    WEEKAHEAD

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HDFCBANK 2437.67 2395.03 2367.32 2324.68 2296.97

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    Figure: 15 : Nifty50 Graph

    HOUSING DEVELOPMENT FINANCEWEEKAHEAD

    HOUS

    INGDEVELOPMENTFINANCE

    The stock showed an either side movement during the week and is presently consolidating.

    The stock is facing resistance at 728 and has support at 690. Once it manages to sustain

    above its resistance level then a further up movement can be expected and one can go for

    buying above its resistance level.

    RESISTANCE 728

    SUPPORT 690

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 16

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HDFC 738.02 724.33 708.82 695.13 679.62

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    Figure: 16 : Nifty50 Graph

    HERO HONDAWEEKAHEAD

    HERO

    HONDA

    The trend in the stock is up and a profit booking can be seen in the last day of its trading. The

    stock is facing resistance at 1715 and support at 1634. A further profit booking is expected

    in the stock and one can go for selling the stock once it breaks its support.

    RESISTANCE 1715

    SUPPORT 1634

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HEROHONDA 1757.42 1710.43 1661.72 1614.73 1566.02

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    Figure: 17 : Nifty50 Graph

    HINDALCOWEEKAHEAD

    HI

    NDALCO

    Hindalco has positive breakout in the last trading session of the week and closed near the

    day high. The stock is trading in uptrend and has strong resistance at 220 above which

    upside momentum may continue in the coming trading sessions.

    RESISTANCE 220

    SUPPORT 207

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HINDALCO 224.13 216.57 212.43 204.87 200.73

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    Figure: 18 : Nifty50 Graph

    HULWEEKAHEAD

    HUL

    As said earlier the trend presently in the stock is weak and the stock moved down during the

    week and is presently consolidating with negative biasness. The stock is facing resistance at

    282 and support at 272. The stock is close to support level and break of support may take the

    stock further down. One may go for selling the stock once it breaks its support.

    RESISTANCE 282

    SUPPORT 272

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HINDUNILVR 289.55 283.3 278.65 272.4 267.75

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    Figure: 19 : Nifty50 Graph

    ICICI BANKWEEKAHEAD

    ICICIBANK

    ICICI bank was in consolidation phase all through last week with negative biasness. The

    stock has resistance at 1128 and support at 1078. One should wait for breakout of either

    resistance or support to enter in this stock, also if it sustain below the support level, it is

    looking weak in short term.

    RESISTANCE 1128

    SUPPORT 1078

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 20

    WEEKLY

    11th Apr to 15th Apr 2011

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    ICICIBANK 1142.4 1120.35 1105.85 1083.8 1069.3

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    Figure: 20 : Nifty50 Graph

    IDFCWEEKAHEAD

    IDFC

    IDFC has a major uptrend and last week it consolidated with negative biasness. The stock has

    resistance level at 170 and support level at 153. It is expected to consolidate with negative

    biasness in the coming trading sessions, although if it sustain above the resistance level at

    170, further uptrend may continue.

    RESISTANCE 170

    SUPPORT 153

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 21

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    IDFC 170.85 165.3 161.65 156.1 152.45

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    Figure: 21 : Nifty50 Graph

    INFOSYS TECHNOLOGIESWEEKAHEAD

    INFOS

    YSTECHNOLOGIES

    Infosys from the last few trading session moving in a downward trend, in today's trading

    session it was down by 0.57 %. It is now taking support at 3208 below this level it would be

    in a downward trend. One can go for short position in it at 3208 below this level it might test

    the next support level of 3230.

    RESISTANCE 3300

    SUPPORT 3230

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    INFOSYSTCH 3336.13 3281.72 3244.58 3190.17 3153.03

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    Figure: 22 : Nifty50 Graph

    ITCWEEKAHEAD

    ITC

    ITC has found support at 180 and resistance 186.In today's trading session it manages to

    trade and close above the 10 days and 50 days moving averages and it is now trading at

    183.75, from this level further upside of movement would be expected. It has resistance at

    186 above this level it would be in an upward trend.

    RESISTANCE 186

    SUPPORT 180

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    ITC 188.32 186.03 183.42 181.13 178.52

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    Figure: 23 : Nifty50 Graph

    JAIPRAKASH ASSOCIATESWEEKAHEAD

    JAIPRA

    KASHASS

    OCIATES

    In today's trading session it was down by -3.87 %, from this level further downside of

    movement would be expected. It is looking bearish in the coming trading session if it

    manages to trade below the support level of 94 else above 100 it would be in an upward

    trend.

    RESISTANCE 100

    SUPPORT 94

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    JPASSOCIAT 101.82 98.08 96.07 92.33 90.32

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    Figure: 24 : Nifty50 Graph

    JINDAL STEEL & POWERWEEKAHEAD

    JINDALSTEEL&

    POWER

    Jindal Steel & Power found support at 695 which served as a strong support level. In today's

    trading session it closes near to the support level of 695 and manages to trade above the 10

    days and 50 days moving averages. It has resistance at 713 above this level it would be in a

    bullish trend else below 695 it would be bearish in trend.

    RESISTANCE 713

    SUPPORT 695

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    JINDALSTEL 733.32 716.83 707.42 690.93 681.52

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    Figure: 25 : Nifty50 Graph

    LARSEN AND TOUBROWEEKAHEAD

    LAR

    SENAND

    TOUBRO

    From the last few trading session it is moving in a particular price range ok 1640-1700, in

    today's trading session it manages to trade above the 10 days and 50 days moving averages.

    It is taking support at 1630 and resistance at 1705; from this level either side movement

    would be expected. One can go for short position in it at 1648 below this level it might be in

    a downward trend.

    RESISTANCE 1705

    SUPPORT 1630

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    LT 1737.25 1707.85 1675.6 1646.2 1613.95

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    Figure: 26 : Nifty50 Graph

    KOTAK MAHINDRA BANKWEEKAHEAD

    KOTAK

    MAHINDR

    ABANK

    Kotak Mahindra Bank from the last few trading session moving in a downward trend, it is

    looking weak on charts from this level further downside of movement would be expected. It

    is looking bearish if it manages to trade and sustain below the support level of 434 else

    above 465 it would be bullish in trend.

    RESISTANCE 465

    SUPPORT 434

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    KOTAKBANK 474.65 458.4 448.75 432.5 422.85

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    Figure: 27 : Nifty50 Graph

    MAHINDRA & MAHINDRAWEEKAHEAD

    MAHIN

    DRA&MA

    HINDRA

    M&M in today's trading session found the support at 718 and resistance at 750. In order to

    be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving

    averages. It is looking bullish in the coming trading session if it manages to trade above the

    resistance level of 750 else below 718 it would be in a downward trend.

    RESISTANCE 750

    SUPPORT 718

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    M&M 768.27 748.78 729.42 709.93 690.57

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    Figure: 29 : Nifty50 Graph

    NTPCWEEKAHEAD

    NTPC

    After making a high of 192.75 it is continuously moving in a downward trend, in today's

    trading session it down by 1.29 %. It is looking weak on charts; one can go for short position

    in it at 180 below this level it would be in a downward trend.

    RESISTANCE 188

    SUPPORT 180

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    NTPC 196.55 190.15 186.35 179.95 176.15

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    Figure: 30 : Nifty50 Graph

    ONGCWEEKAHEAD

    ONGC

    ONGC battered down to 285.35, in today's trading session it closed near to the support level

    of 285 from this level further downside of movement would be expected. It is taking support

    at 285 and resistance at 293.One can go for short position in it at 285 for the target of 275.

    RESISTANCE 293

    SUPPORT 293

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 31

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    ONGC 310.18 298.82 292.08 280.72 273.98

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    Figure: 31 : Nifty50 Graph

    POWER GRID CORPORATION OF INDIAWEEKAHEAD

    POWE

    RGRIDCOR

    PORATIONOFINDIA

    Power Grid form the last trading session it is moving sideways and it is now trading at

    104.95. It is now taking support at 103 and resistance 108, form this level further downside

    of movement would be expected. One can go for short position in it at 103 for the target of

    98.

    RESISTANCE 108

    SUPPORT 103

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 32

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    POWERGRID 108.9 106.9 105.25 103.25 101.6

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    Figure: 32 : Nifty50 Graph

    PUNJAB NATIONAL BANKWEEKAHEAD

    PUNJABNATIONALBANK

    After making a high of 1230 it is continuously moving sideways, it is now trading at 1188.70

    and it was down by -0.90 %. It has resistance at 1210 and support at 1173. It is looking

    bearish in the coming trading session if it manages to trade below the support level 1173

    else above 1210 level it would be in a bullish trend.

    RESISTANCE 1210

    SUPPORT 1173

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    PNB 1227.4 1208.05 1190.55 1171.2 1153.7

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    Figure: 33 : Nifty50 Graph

    RANBAXYWEEKAHEAD

    R

    ANBAXY

    Ranbaxy battered down to 430.60 which served as a major support level, from this level it

    made a smart recovery and made a high of 473.70. It is looking strong on charts from this

    level further upside movement would be expected, above 476 it would be in an upward

    trend.

    RESISTANCE 476

    SUPPORT 428

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    PNB 1227.4 1208.05 1190.55 1171.2 1153.7

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    Figure: 34 : Nifty50 Graph

    RELIANCE CAPITALWEEKAHEAD

    RELIANCE

    CAPITAL

    Reliance capital from the last few trading session moving sideways, in today's trading

    session it was in a downward trend and it was down by -2.95%. It is now taking support at

    586 and resistance at 642. One can go for short position in it at 586 below this level it would

    be in a downward trend.

    RESISTANCE 642

    SUPPORT 586

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 35

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RELCAPITAL 646.7 626.4 614.4 594.1 582.1

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    Figure: 35 : Nifty50 Graph

    RELIANCE COMMUNICATIONWEEKAHEAD

    RELIANC

    ECOMMUN

    ICATION

    After making a high of 113.80 it is continuously moving sideways. It is looking weak on

    charts; if it manages to trade below the support level of 107 below this level it would be in a

    bearish trend. One can go for short position in it for the target of 100.

    RESISTANCE 114

    SUPPORT 100

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 36

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RCOM 116.87 113.13 110.12 106.38 103.37

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    Figure: 36 : Nifty50 Graph

    RELIANCE INDUSTRIESWEEKAHEAD

    R

    ELIANCEINDUSTRIES

    It is taking resistance at 1066 and support at 1030. It is looking bullish in the coming trading

    session, one can go for long position in at 1066 else below 1030 it would be in a downward

    trend.

    RESISTANCE 1051

    SUPPORT 1020

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 37

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RELIANCE 1072.87 1048.38 1034.52 1010.03 996.17

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    Figure: 38 : Nifty50 Graph

    RELIANCE POWERWEEKAHEAD

    RELIANCEPOWER

    The stock is moving in an uptrend. One could hold the long positions in the stock till it

    breaches the level of 130 in downside as it is expected to continue its bullish trend. RESISTANCE 136.70

    SUPPORT 130

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 39

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RPOWER 140.12 135.78 133.12 128.78 126.12

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    Figure: 39 : Nifty50 Graph

    SIEMENSWEEKAHEAD

    SIEMENS

    The stock is consolidating at higher levels currently. One should wait for crossing of levels on

    either side before taking any positions in the stock. RESISTANCE 900

    SUPPORT 875

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 40

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SIEMENS 907.38 899.67 892.33 884.62 877.28

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    Figure: 40 : Nifty50 Graph

    STERLITEWEEKAHEAD

    STERLITE

    The stock has managed to cross its resistance level and moved in an up rally, its next

    resistance at 187, crossing of this level may take the stock further upwards while has support

    at 170, breach of this will bring the stock downward.

    RESISTANCE 187

    SUPPORT 170

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 41

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    STER 186.53 180.32 175.73 169.52 164.93

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    Figure: 41 : Nifty50 Graph

    STATE BANK OF INDIAWEEKAHEAD

    STATEBANKOFINDIA

    The stock is consolidating currently. It has resistance at 2855; crossing of this level will take

    the stock further upwards. RESISTANCE 2855

    SUPPORT 2700

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 42

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SBIN 2888.55 2833.4 2779.85 2724.7 2671.15

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    Figure: 42 : Nifty50 Graph

    SAILWEEKAHEAD

    SAIL

    The stock is moving in an uptrend from last a few trading sessions. A short term correction is

    expected in the stock. It faces next resistance at 180; crossing of this level will further take up

    the stock while has support at 165, breach of this level may bring downward movement.

    RESISTANCE 180

    SUPPORT 165

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 43

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SAIL 180.6 175.5 172.2 167.1 163.8

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    Figure: 43 : Nifty50 Graph

    SUN PHARMACEUTICALWEEKAHEAD

    SUNPHARMAC

    EUTICAL

    Sun Pharmaceuticals is consolidating with negative biasness from few previous trading

    sessions. The stock has resistance level at 456 and support level at 436, if the stock continue

    to sustain above the support level then it expected to continue its consolidation in the

    coming trading sessions, and below this level it looks weak.

    RESISTANCE 456

    SUPPORT 436

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 44

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SUNPHARMA 462.95 452.3 445.25 434.6 427.55

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    Figure: 44 : Nifty50 Graph

    SUZLONWEEKAHEAD

    SUZLON

    Suzlon was highly bullish last week and gained 13.40%. Now the stock is expected to take

    some corrective movements in near term, although above the resistance level of 57 it may

    further continue the uptrend in the coming time. It has short term support support at 52.

    RESISTANCE 57

    SUPPORT 52

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 45

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SUZLON 61.82 58.48 53.02 49.68 44.22

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    Figure: 45 : Nifty50 Graph

    TCSWEEKAHEAD

    TCS

    Last week TCS traded with volatility, it made a 52 week time high of 1247, later it took

    correction. The stock has long term uptrend and if sustained above the level of 1220 then

    uptrend may continue in the coming trading sessions.

    RESISTANCE 1220

    SUPPORT 1172

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 46

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    TCS 1271.93 1233.97 1208.98 1171.02 1146.03

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    Figure: 46 : Nifty50 Graph

    TATA MOTORWEEKAHEAD

    TATA

    MOTOR

    Tata motor is in major uptrend and this week it traded with high volatility. Now the stock is

    expected to take correction in short term. It has resistance at the level of 1304 and near

    support level at 1234. Below the support level it is further negative in short term.

    RESISTANCE 1304

    SUPPORT 1234

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 47

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    TATAMOTORS 1331.37 1292.33 1264.67 1225.63 1197.97

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    Figure: 47 : Nifty50 Graph

    TATA STEELWEEKAHEAD

    TA

    TASTEEL

    TATA Steel is in bullish trend and last week it traded with positive biasness. The stock has

    resistance at 645 and support at 623. It is expected to take corrective movements in near

    term. If it manages to sustain above resistance level at 645, further bullishness can be

    expected.

    RESISTANCE 645

    SUPPORT 623

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 48

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    TATASTEEL 650.45 640.15 631.7 621.4 612.95

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    Figure: 48 : Nifty50 Graph

    TATA POWERWEEKAHEAD

    TATA

    POWER

    Last week Tata Power remained almost flat and traded in tight range. The stock is looking

    strong above the resistance level at 1350. It is expected to trade sideways within the range of

    resistance 1350 and support at 1295, and if it crosses the resistance bullishness is expected.

    RESISTANCE 1350

    SUPPORT 1295

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 49

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    TATAPOWER 1366.88 1341.97 1320.08 1295.17 1273.28

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    Figure: 49 : Nifty50 Graph

    SESA GOAWEEKAHEAD

    SESAGOA

    The stock had a corrective rally after a continuous up trend previously. One could go for sell

    on rise strategy in the stock as it is expected to continue its correction. RESISTANCE 336

    SUPPORT 295

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 50

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SESAGOA 350.12 331.63 312.32 293.83 274.52

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    Technical Picture

    Figure: 50 : Nifty50 Graph

    WIPROWEEKAHEAD

    WIPRO

    Wipro was in correction phase during last week. The stock has resistance at 485 and

    support at 458. The stock is expected to trade sideways, and below the support level at 458

    it looks weak in short term.

    RESISTANCE 485

    SUPPORT 458

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 51

    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    WIPRO 502.75 484.15 471.4 452.8 440.05

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    WEEKLY

    11th Apr to 15th Apr 2011

    Globa l Resear ch L im i t ed