nifty 50 reports for the week (18th – 22nd april ‘11)
TRANSCRIPT
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om
STOCKS REPORTS
Glob al Re se ar ch L imi t e d
WEEKLYWEEKLY
18t h Apr il 22n d Apr il 2011
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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
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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
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Technical Picture
Figure: 2 : Nifty50 Graph
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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
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Technical Picture
Figure: 3 : Nifty50 Graph
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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
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Figure: 4 : Nifty50 Graph
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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
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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 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
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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 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
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Figure: 7 : Nifty50 Graph
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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
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Figure: 8 : Nifty50 Graph
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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
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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
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
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Figure: 10 : Nifty50 Graph
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 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
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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
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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
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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
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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 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
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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
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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
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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
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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
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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
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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
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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
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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
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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 1025
SUPPORT 995
STOCK R2 R1 PP S1 S2
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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
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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
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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
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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
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
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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
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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
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
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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
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
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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
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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, 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
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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
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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
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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
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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
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
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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
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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
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WEEKLY
18th Apr to 22nd Apr 2011
Globa l Resear ch L im i t ed