nifty 50 reports for the week (18th – 22nd april ‘11)

Upload: dasherno1

Post on 08-Apr-2018

221 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    1/52www.capitalvia.c

    om

    STOCKS REPORTS

    Glob al Re se ar ch L imi t e d

    WEEKLYWEEKLY

    18t h Apr il 22n d Apr il 2011

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    2/52

    Technical Picture

    Figure: 1 : Nifty50 Graph

    TECHNICAL OVERVIEW

    ACCWEEKAHEAD

    Weekly Pivots

    ACC

    The stock consolidated in today's trading session. One could hold the long positions in the

    stock as it is expected to move till the levels of 1145 in upside in coming trading sessions.

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    RESISTANCE 1145

    SUPPORT 1067

    ACC 1137.93 1125.67 1111.33 1099.07 1084.73

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    3/52

    Technical Picture

    Figure: 2 : Nifty50 Graph

    www.capitalvia.com 3

    TECHNICAL OVERVIEW

    AMBUJA CEMENTWEEKAHEAD

    Weekly Pivots

    AMBHUJA

    CEMENT

    The stock is being consolidating at higher levels with positive biasness. It faces major

    resistance at 155.50, crossing of this level may continue its bullish trend while has support at

    144, breach of this level will bring downward movement in the stock.

    RESISTANCE 155.50

    SUPPORT 144

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    AMBUJACEM 155.1 152.85 151.25 149 147.4

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    4/52

    Technical Picture

    Figure: 3 : Nifty50 Graph

    www.capitalvia.com 4

    TECHNICAL OVERVIEW

    AXISWEEKAHEAD

    Weekly Pivots

    AXIS

    The stock is currently facing a consolidation phase. It has major resistance at 1461, crossing

    of this level will bring an up rally in the stock. One could go for buying on dip strategy in the

    stock.

    RESISTANCE 1461

    SUPPORT 1375

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    AXISBANK 1472.77 1451.33 1436.47 1415.03 1400.17

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    5/52

    Figure: 4 : Nifty50 Graph

    www.capitalvia.com 5

    TECHNICAL OVERVIEW

    BAJAJ AUTOWEEKAHEAD

    Weekly Pivots

    BAJAJAUTO

    The stock after having a bearish phase previously has successfully tried to take support and

    had an either side movement this week. One could go for buying on dip strategy in the stock

    as it is expected to move till the levels of 1450 in coming trading sessions.

    RESISTANCE 1450

    SUPPORT 1360

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BAJAJ-AUTO 1449.05 1434.35 1410.3 1395.6 1371.55

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    6/52

    Figure: 5 : Nifty50 Graph

    www.capitalvia.com 6

    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 while has resistance at

    2247, crossing of this level will continue its bullish trend.

    RESISTANCE 2267

    SUPPORT 2162

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BHEL 2269.4 2248.65 2222.95 2202.2 2176.5

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    7/52

    Figure: 6 : Nifty50 Graph

    www.capitalvia.com 7

    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 583, and if it sustain below this level further

    downward movement can be expected.

    RESISTANCE 625

    SUPPORT 590

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BPCL 610.8 605.1 597.8 592.1 584.8

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    8/52

    Figure: 7 : Nifty50 Graph

    www.capitalvia.com 8

    TECHNICAL OVERVIEW

    BHARTI AIRTELWEEKAHEAD

    Weekly Pivots

    BHART

    IAIRTEL

    The stock had managed to cross its major resistance this week and moved in an uptrend.

    Now it has next major resistance at 377, crossing of this level will take the stock further

    upwards. One could go for buy on dip strategy in the stock till it breaches the levels of 345 in

    downside.

    RESISTANCE 377

    SUPPORT 345

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    BHARTIARTL 380.5 376.45 371.95 367.9 363.4

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    9/52

    Figure: 8 : Nifty50 Graph

    www.capitalvia.com 9

    TECHNICAL OVERVIEW

    CIPLAWEEKAHEAD

    Weekly Pivots

    CIPLA

    Cipla is currently moving in a tight range. It has resistance level at 326.50 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 326.50

    SUPPORT 313

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    Technical Picture

    CIPLA 327.22 324.43 322.22 319.43 317.22

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    10/52

    Figure: 9 : Nifty50 Graph

    www.capitalvia.com 10

    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

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    CAIRN 348.8 344.05 341.15 336.4 333.5

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    11/52

    Figure: 10 : Nifty50 Graph

    www.capitalvia.com 11

    DLFWEEKAHEAD

    DLF

    The stock had a correction phase. It has next support at 242, 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 259

    SUPPORT 243

    STOCK R2 R1 PP S1 S2

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    DLF 259.88 252.37 247.18 239.67 234.48

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    12/52

    Figure: 11 : Nifty50 Graph

    DR REDDYWEEKAHEAD

    DRREDDY

    The trend presently in the stock is sideways. The stock showed an up movement during the

    week. The stock is facing resistance at 1678. Once it manages to break its resistance then a

    further up movement can be seen in the stock. One can go for buying the stock once it

    manages to sustain above its resistance.

    RESISTANCE 1678

    SUPPORT 1600

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 12

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    DRREDDY 1673.92 1664.08 1650.07 1640.23 1626.22

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    13/52

    Figure: 12 : Nifty50 Graph

    GAIL INDIAWEEKAHEAD

    DRREDDY

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

    up and the stock is facing resistance at 481 and has support at 460. One can go for buying in

    the stock above its resistance. The support at 454 can be taken as a major support in the

    stock as we can see in its 50 day moving average.

    RESISTANCE 481

    SUPPORT 460

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 13

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    GAIL 479.53 474.42 470.38 465.27 461.23

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    14/52

    Figure: 13 : Nifty50 Graph

    HCLWEEKAHEAD

    HCL

    As said earlier the stock is an uptrend. Once it manages to sustain above its resistance level of

    505 then a further up movement can be expected in the stock. A profit booking was seen in

    the stock during its trading hours and the stock has major support at 470. One can go for

    buying in the stock once it breaks its resistance.

    RESISTANCE 505

    SUPPORT 470

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 14

    WEEKLY

    WEEKAHEAD

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HCLTECH 507.97 495.33 487.22 474.58 466.47

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    15/52

    Figure: 14 : Nifty50 Graph

    HDFC BANKWEEKAHEAD

    HDFCBANK

    During the week the stock showed a volatile movement but ended on a positive note. The

    stock is presently in a sideways trend and is facing resistance at 2410 and has support at

    2275. One can go for buying in the stock once it breaks its resistance.

    RESISTANCE 2410

    SUPPORT 2275

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 15

    WEEKLY

    WEEKAHEAD

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HCLTECH 507.97 495.33 487.22 474.58 466.47

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    16/52

    Figure: 15 : Nifty50 Graph

    HOUSING DEVELOPMENT FINANCEWEEKAHEAD

    HOUS

    INGDEVELOPMENTFINANCE

    The stock is presently in a sideways trend and ended on a positive note during its trading

    week. The stock is presently facing resistance at 725 and break of its resistance may take the

    stock further up. The stock has support at 685 and one can go for buying the stock once it

    breaks its resistance.

    RESISTANCE 725

    SUPPORT 685

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 16

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HDFC 731.47 719.08 710.87 698.48 690.27

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    17/52

    Figure: 16 : Nifty50 Graph

    HERO HONDAWEEKAHEAD

    HERO

    HONDA

    As said earlier the trend presently is up and one can go for buying the stock. The stock

    showed a continuous up movement during its trading week. And one can expect a further

    up movement in the stock once it breaks it resistance at 1890. The stock has major support

    at 1700.

    RESISTANCE 1890

    SUPPORT 1700

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 17

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HEROHONDA 1914.58 1873.17 1806.58 1765.17 1698.58

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    18/52

    Figure: 17 : Nifty50 Graph

    HINDALCOWEEKAHEAD

    HI

    NDALCO

    The stock was found to be trading with a positive biasness during the week and the stock is

    facing resistance at 220 and has support at 205. A further up movement is expected in the

    stock once it breaks its resistance level at 220 and one can go for buying the stock above this

    level.

    RESISTANCE 220

    SUPPORT 205

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 18

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HINDALCO 215.97 213.08 210.57 207.68 205.17

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    19/52

    Figure: 18 : Nifty50 Graph

    HULWEEKAHEAD

    HUL

    The stock was found to be consolidating with high volatility during the week. The stock is

    facing resistance at 285 and has support at 270. One should wait to trade in the stock as an

    either side movement is expected from the stock.

    RESISTANCE 285

    SUPPORT 270

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 19

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    HINDUNILVR 287.52 281.28 277.07 270.83 266.62

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    20/52

    Figure: 19 : Nifty50 Graph

    ICICI BANKWEEKAHEAD

    ICICIBANK

    ICICI bank showed volatile trading session in last week. The stock is looking indecisive on the

    charts. Though major trend is positive for the stock, but short term trend is not clear. The

    stock has major resistance level at 1159 and it has support level at 1078.

    RESISTANCE 1158

    SUPPORT 1078

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 20

    WEEKLY

    18th Apr to 22nd Apr 2011

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    ICICIBANK 1153.73 1127.72 1112.98 1086.97 1072.23

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    21/52

    Figure: 20 : Nifty50 Graph

    IDFCWEEKAHEAD

    IDFC

    IDFC remained bearish in the last week and showed the correction. Now the stock has

    resistance level at 162 and support level at 151. It is expected to consolidate with positive

    biasness in short term.

    RESISTANCE 162

    SUPPORT 151

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 21

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    IDFC 162.2 159.65 157.95 155.4 153.7

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    22/52

    Figure: 21 : Nifty50 Graph

    INFOSYS TECHNOLOGIESWEEKAHEAD

    INFOS

    YSTECHNOLOGIES

    Infosys from the last few trading session it is moving sideways, in today's trading session it

    was down by 9.58 %. It is now taking resistance at 3336 above this level it would be in an

    upward trend. One can go for short position in it at 2977 below this level it might test the

    next support level of 2904.

    RESISTANCE 3336

    SUPPORT 2977

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 22

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    INFOSYSTCH 3409.63 3199.57 3088.53 2878.47 2767.43

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    23/52

    Figure: 22 : Nifty50 Graph

    ITCWEEKAHEAD

    ITC

    ITC has found support at 183 and resistance 193.In today's trading session it manages to

    trade above the 10 days and 50 days moving averages and it is now trading at 191.50, from

    this level further upside of movement would be expected. It has resistance at 193 above this

    level it would be in an upward trend.

    RESISTANCE 193

    SUPPORT 183

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 23

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    ITC 194.93 193.22 190.93 189.22 186.93

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    24/52

    Figure: 23 : Nifty50 Graph

    JAIPRAKASH ASSOCIATESWEEKAHEAD

    JAIPRA

    KASHASS

    OCIATES

    In today's trading session it was up by 1.32 %, from this level further upside of movement

    would be expected. It is looking bullish in the coming trading session if it manages to trade

    above the resistance level of 100 else below 87 it would be in a downward trend.

    RESISTANCE 103

    SUPPORT 87

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 24

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    JPASSOCIAT 104.23 101.87 99.48 97.12 94.73

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    25/52

    Figure: 24 : Nifty50 Graph

    JINDAL STEEL & POWERWEEKAHEAD

    JINDALSTEEL&

    POWER

    Jindal Steel & Power found support at 668 which served as a strong support level. In today's

    trading session it closes near to the support level of 668 and manages to trade and close

    above the 10 days moving averages. It has resistance at 687 above this level it would be in a

    bullish trend else below 668 it would be bearish in trend.

    RESISTANCE 687

    SUPPORT 668

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 25

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    JINDALSTEL 694.13 683.07 675.58 664.52 657.03

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    26/52

    Figure: 25 : Nifty50 Graph

    LARSEN AND TOUBROWEEKAHEAD

    LAR

    SENAND

    TOUBRO

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

    today's trading session it manages to trade and close above resistance level of 1733 . It is

    taking support at 1630 and resistance at 1805; from this level further upside movement

    would be expected. One can go for long position in it at 1805 above this level it might be in

    an upward trend.

    RESISTANCE 1805

    SUPPORT 1630

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 26

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    LT 1795.82 1761.73 1733.92 1699.83 1672.02

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    27/52

    Figure: 26 : Nifty50 Graph

    KOTAK MAHINDRA BANKWEEKAHEAD

    KOTAK

    MAHINDR

    ABANK

    Kotak Mahindra Bank from the last few trading session moving sideways, it is looking strong

    on charts from this level further upside of movement would be expected. It is looking bullish

    if it manages to trade and sustain above the resistance level of 465 else above 434 it would

    be bearish in trend.

    RESISTANCE 465

    SUPPORT 434

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 27

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    KOTAKBANK 465.38 458.67 453.98 447.27 442.58

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    28/52

    Figure: 27 : Nifty50 Graph

    MAHINDRA & MAHINDRAWEEKAHEAD

    MAHIN

    DRA&MA

    HINDRA

    M&M in today's trading session found the support at 702 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 702 it would be in a downward trend.

    RESISTANCE 750

    SUPPORT 702

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 28

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    M&M 742.55 733.5 725.85 716.8 709.15

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    29/52

    Figure: 28 : Nifty50 Graph

    MARUTI SUZUKI INDIAWEEKAHEAD

    MARUTISUZU

    KIINDIA

    Maruti in today's trading session was moving in a downward trend and a negative opening

    made it to trade and closes below the 10 days moving averages; from this level further

    upside movement would be expected. It is now trading at 1257.20.One can go for long

    position in it at 1285 above this level it might test the next resistance level of 1350

    RESISTANCE 1285

    SUPPORT 1206

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 29

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    MARUTI 1294.4 1275.8 1265.4 1246.8 1236.4

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    30/52

    Figure: 29 : Nifty50 Graph

    NTPCWEEKAHEAD

    NTPC

    After making a high of 195 it is continuously moving in a downward trend, in today's trading

    session it up by 1.28 %. 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 189

    SUPPORT 180

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 30

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    NTPC 188.47 186.93 185.72 184.18 182.97

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    31/52

    Figure: 30 : Nifty50 Graph

    ONGCWEEKAHEAD

    ONGC

    ONGC battered down to 279.10, from this level it made a smart recovery and made a high of

    290.55. It is looking strong on charts. One can go for long position in it at 291 for the target

    of 300.

    RESISTANCE 291

    SUPPORT 278

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 31

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    ONGC 292.88 289.47 285.58 282.17 278.28

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    32/52

    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

    105.05. It is now taking support at 103 and resistance 106, form this level further upside of

    movement would be expected. One can go for long position in it at 106 for the target of

    114.

    RESISTANCE 106

    SUPPORT 103

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 32

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    POWERGRID 106.18 105.62 105.13 104.57 104.08

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    33/52

    Figure: 32 : Nifty50 Graph

    PUNJAB NATIONAL BANKWEEKAHEAD

    PUNJABNATIONALBANK

    After making a high of 1217 it is continuously moving sideways, it is now trading at 1197.05

    and it was up by 0.69 %. It has resistance at 1218 and support at 1170. It is looking bullish in

    the coming trading session if it manages to trade above the resistance level of 1218 else

    below 1173 it would be in a bearish trend.

    RESISTANCE 1218

    SUPPORT 1173

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 33

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    PNB 1230.43 1211.02 1195.03 1175.62 1159.63

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    34/52

    Figure: 33 : Nifty50 Graph

    RANBAXYWEEKAHEAD

    R

    ANBAXY

    Ranbaxy battered down to 432 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 up

    side movement would be expected, above 476 it would be in an upward trend.

    RESISTANCE 476

    SUPPORT 450

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 34

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RANBAXY 471.18 467.07 463.63 459.52 456.08

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    35/52

    Figure: 34 : Nifty50 Graph

    RELIANCE CAPITALWEEKAHEAD

    RELIANCE

    CAPITAL

    Reliance capital in today's trading session was moving in an upward trend and it was up by -

    0.92%. It is now taking support at 585 and resistance at 642. One can go for long position in

    it at 642 below 598 it would be in a downward trend.

    RESISTANCE 642

    SUPPORT 585

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 35

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RELCAPITAL 625.98 617.17 612.08 603.27 598.18

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    36/52

    Figure: 35 : Nifty50 Graph

    RELIANCE COMMUNICATIONWEEKAHEAD

    RELIANC

    ECOMMUN

    ICATION

    After making a high of 113.85 it is continuously moving in a downward trend and it is now

    trading at 107.50. It is looking weak on charts if it manages to trade below the support level

    of 95 below this level it would be in a bearish trend. One can go for short position in it for the

    target of 84.

    RESISTANCE 114

    SUPPORT 95

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 36

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RCOM 110.97 109.23 108.12 106.38 105.27

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    37/52

    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 1025

    SUPPORT 995

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 37

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RELIANCE 1036.78 1028.87 1016.93 1009.02 997.08

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    38/52

    Figure: 37 : Nifty50 Graph

    RELIANCE INFRAUSTRUCTUREWEEKAHEAD

    RELIANCEINFRAUSTRUCTURE

    It is now taking support at 652 and resistance at 713.It is strong on chart in today's trading

    session it was down by 1.06% from this level further upside of movement would be

    expected. Once can go for long position in it at 713 above this level it might be in a bullish

    trend.

    RESISTANCE 713

    SUPPORT 652

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 38

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RELINFRA 706.6 697.85 691.45 682.7 676.3

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    39/52

    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

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    RPOWER 134.4 132.85 131.7 130.15 129

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    40/52

    Figure: 39 : Nifty50 Graph

    SIEMENSWEEKAHEAD

    SIEMENS

    The stock had a very volatile movement this week. one should wait for further movements in

    the stock as it is looking very volatile in terms of price movements. RESISTANCE 901

    SUPPORT 804

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 40

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SIEMENS 921.52 887.93 849.12 815.53 776.72

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    41/52

    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

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    STER 174.25 172.85 171.55 170.15 168.85

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    42/52

    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

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SBIN 2871.38 2839.77 2817.38 2785.77 2763.38

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    43/52

    Figure: 42 : Nifty50 Graph

    SAILWEEKAHEAD

    SAIL

    The stock is consolidating from last a few trading sessions. 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

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SAIL 172.53 171.17 169.63 168.27 166.73

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    44/52

    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, It is expected to

    consolidate with negative biasness in coming trading sessions; also it is looking further weak

    below the support level at 436.

    RESISTANCE 456

    SUPPORT 436

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 44

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SUNPHARMA 453.92 446.83 442.67 435.58 431.42

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    45/52

    Figure: 44 : Nifty50 Graph

    GRASIMWEEKAHEAD

    SUZLON

    GRASIM has shown sideways movement in last week. The stock has resistance level at 2570

    and support level at 2499. It is expected to consolidate with negative biasness in coming

    trading sessions; also it is looking further weak below the support level at 2499.

    RESISTANCE 2570

    SUPPORT 2499

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 45

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    GRASIM 2587.1 2554.5 2531.25 2498.65 2475.4

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    46/52

    Figure: 45 : Nifty50 Graph

    TCSWEEKAHEAD

    TCS

    TCS had volatile trading session in the last week. It is expected to show sideways movement

    in near term. Although the stock has long term uptrend and if sustained above the level of

    1230 then uptrend may continue in the coming trading sessions.

    RESISTANCE 1230

    SUPPORT 1172

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 46

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    TCS 1237 1214.2 1197.1 1174.3 1157.2

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    47/52

    Figure: 46 : Nifty50 Graph

    TATA MOTORWEEKAHEAD

    TATA

    MOTOR

    Tata motor remained negative last week and showed volatile trading session. The stock is

    expected to consolidate sideways in near term. It has resistance at the level of 1275 and

    support level at 1200. 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

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    TATAMOTORS 1284.95 1260.4 1244.45 1219.9 1203.95

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    48/52

    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

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    TATASTEEL 642.07 636.33 632.27 626.53 622.47

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    49/52

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    50/52

    Figure: 49 : Nifty50 Graph

    SESA GOAWEEKAHEAD

    SESAGOA

    The stock is currently consolidating after a continuous up rally previously. It now has

    resistance at 326; crossing of this level may continue the bullish trend of the stock. One could

    go for buying on dip strategy in the stock until it breaches the level of 310.50 in downside.

    RESISTANCE 336

    SUPPORT 310.50

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 50

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    Technical Picture

    SESAGOA 325.9 321 318.1 313.2 310.3

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    51/52

    Technical Picture

    Figure: 50 : Nifty50 Graph

    WIPROWEEKAHEAD

    WIPRO

    Last week WIPRO showed downside movement with high fluctuations. The stock has

    resistance level at 463 and support level at 443. The major trend for the stock is looking

    weak on the charts and it is expected to consolidate with negative biasness in short term.

    RESISTANCE 485

    SUPPORT 443

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 51

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed

    TECHNICAL OVERVIEW

    Weekly Pivots

    WIPRO 480.6 465.2 456.6 441.2 432.6

  • 8/7/2019 Nifty 50 Reports for the Week (18th 22nd April 11)

    52/52

    Disclaimer

    The information and views in this report, our website & all the service we provide are believed to be reliable, but we do

    not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that

    suits them the most.

    Sincere efforts have been made to present the right investment perspective. The

    information contained herein is based on Ahead and up on sources that we consider reliable.This material is for personal information and

    based upon it & take no responsibility

    The stock price projections shown are not necessarily indicative of future price performance. The information herein,

    together with all estimates and forecasts, can change without notice.

    Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.

    It is understood that anyone who is browsing through the site has done so at his free will and does not read any views

    expressed as a recommendation for which either the site or its owners or anyone can be held responsible for.

    Any surfing and reading of the information is the acceptance of this disclaimer.

    All Rights Reserved.

    Investment in Stocks has its own risks.

    We, however, do notvouch for the accuracy or the completeness thereof. we are not

    responsible for any loss incurred whatsoever for any financial profits or loss which

    may arise from the recommendations above.

    CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.

    Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report

    or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then

    Serious Legal Actions can be taken.

    WEEKLY

    18th Apr to 22nd Apr 2011

    Globa l Resear ch L im i t ed