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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
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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
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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
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
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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
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
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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
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
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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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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
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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
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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
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
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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
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
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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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11th Apr to 15th Apr 2011
Globa l Resear ch L im i t ed