nifty 50 reports for the week (25th - 29th april '11)
TRANSCRIPT
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om
STOCKS REPORTS
Glob al Re se ar ch L imi t e d
WEEKLYWEEKLY
25t h Apr il 29t h Apr il 2011
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Technical Picture
Figure: 1 : Nifty50 Graph
TECHNICAL OVERVIEW
ACCWEEKAHEAD
Weekly Pivots
ACC
The stock is consolidating from last many trading sessions. 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
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
RESISTANCE 1145
SUPPORT 1067
ACC 1150.83 1131.67 1110.83 1091.67 1070.83
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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
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
AMBUJACEM 158.4 155.4 152.2 149.2 146
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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
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
AXISBANK 1504.78 1476.17 1429.18 1400.57 1353.58
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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 up rally this week. The stock managed to reach the mentioned levels in today's
trading session. Now it has next major resistance level at 1485, crossing of this level will bring
further more upward movement.
RESISTANCE 1485
SUPPORT 1419
STOCK R2 R1 PP S1 S2
WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
Technical Picture
BAJAJ-AUTO 1520.93 1492.97 1456.18 1428.22 1391.43
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Figure: 5 : Nifty50 Graph
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TECHNICAL OVERVIEW
BHELWEEKAHEAD
Weekly Pivots
BHEL
The stock has resisted at higher levels and had a steep downfall this week. One could still
hold the short positions in the stock as it is expected to move till the levels of 2005-2000 in
near term. One could go for sell on rise strategy.
RESISTANCE 2185
SUPPORT 2000
STOCK R2 R1 PP S1 S2
WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
Technical Picture
BHEL 2321.08 2190.37 2119.28 1988.57 1917.48
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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 583
STOCK R2 R1 PP S1 S2
WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
Technical Picture
BPCL 645.65 632.7 608.85 595.9 572.05
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Figure: 7 : Nifty50 Graph
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TECHNICAL OVERVIEW
BHARTI AIRTELWEEKAHEAD
Weekly Pivots
BHART
IAIRTEL
The stock is moving in an uptrend, it has next resistance is at 393, 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 393
SUPPORT 345
STOCK R2 R1 PP S1 S2
WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
Technical Picture
BHARTIARTL 397.08 386.67 376.08 365.67 355.08
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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
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
Technical Picture
CIPLA 329.83 325.67 319.63 315.47 309.43
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Figure: 9 : Nifty50 Graph
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CAIRNWEEKAHEAD
CAIRN
The stock had a sharp recovery from lower levels and moved in an up rally in last a few
trading sessions. It now has resistance at 350, crossing of this level will bring upward
movement in the stock.
RESISTANCE 350
SUPPORT 330
STOCK R2 R1 PP S1 S2
WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
CAIRN 361.25 354.1 343.55 336.4 325.85
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Figure: 10 : Nifty50 Graph
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DLFWEEKAHEAD
DLF
The stock is now moving in an up rally after taking support at lower levels. It has next
resistance at 255, crossing of this level will further take the stock more upwards. RESISTANCE 255
SUPPORT 236
STOCK R2 R1 PP S1 S2
WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
DLF 263.82 255.53 242.12 233.83 220.42
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Figure: 11 : Nifty50 Graph
DR REDDYWEEKAHEAD
DRREDDY
During the week the stock was consolidating with positive biasness. The stock is now facing
resistance at 1705 and has support at 1623. Although the major trend in the stock is up and
one can go for buying the stock once it breaks its resistance.
RESISTANCE 1690
SUPPORT 1600
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
DRREDDY 1728.53 1692.67 1656.33 1620.47 1584.13
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Figure: 12 : Nifty50 Graph
GAIL INDIAWEEKAHEAD
DRREDDY
The trend presently in the stock is sideways. The stock is facing resistance at 482 and has
support at 460. The stock is close to resistance level and break of which may take the stock
further up. One may go for buying the stock once it breaks its resistance.
RESISTANCE 482
SUPPORT 460
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
GAIL 495.3 484.7 470.2 459.6 445.1
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Figure: 13 : Nifty50 Graph
HCLWEEKAHEAD
HCL
The major trend in the stock is up and the stock was trading higher during the week and as
can be seen in chart the stock also formed a new high during the week. The stock has a
support a level of 500. If it breaks its support then a downtrend can be seen in the stock. One
should wait for proper consolidation in the stock.
RESISTANCE 529
SUPPORT 500
STOCK R2 R1 PP S1 S2
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WEEKLY
WEEKAHEAD
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
HCLTECH 570.27 544.63 502.37 476.73 434.47
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Figure: 14 : Nifty50 Graph
HDFC BANKWEEKAHEAD
HDFCBANK
The stock was traded higher during the week and ended on a positive note. The stock is
facing resistance at 2425 and has support at 2349. One can go for buying in the stock once it
breaks its resistance at 2425 and one can expect for a further up movement in the stock.
RESISTANCE 2425
SUPPORT 2349
STOCK R2 R1 PP S1 S2
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WEEKLY
WEEKAHEAD
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
HDFCBANK 2489.85 2450.25 2377.3 2337.7 2264.75
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Figure: 15 : Nifty50 Graph
HOUSING DEVELOPMENT FINANCEWEEKAHEAD
HOUS
INGDEVELOPMENTFINANCE
During the week the stock moved up and traded higher. After breaking its resistance at 725
the stock moved up. The stock is now facing resistance at 746 and has support at 715. One
can go for buying in the stock above its resistance.
RESISTANCE 746
SUPPORT 715
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
HDFC 764.57 748.38 717.67 701.48 670.77
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Figure: 16 : Nifty50 Graph
HERO HONDAWEEKAHEAD
HERO
HONDA
During the week the stock showed some profit booking and on the last day of its trading
session it showed some recovery. The major trend in the stock is up and one can go for
buying the stock once it breaks its resistance. The stock is facing resistance at 1848 and has
support at 1690.
RESISTANCE 1848
SUPPORT 1690
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
HEROHONDA 2061.4 1924.3 1812.7 1675.6 1564
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Figure: 17 : Nifty50 Graph
HINDALCOWEEKAHEAD
HI
NDALCO
The stock showed a volatile movement during the week by marking significant high and low.
The stock can now be seen in an uptrend and one can go for buying the stock above its
resistance. The stock is now facing resistance at 225 and has support at 212. Break of
resistance level may take the stock further up.
RESISTANCE 225
SUPPORT 212
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
HINDALCO 235.47 228.13 214.07 206.73 192.67
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Figure: 18 : Nifty50 Graph
HULWEEKAHEAD
HUL
The stock was trading higher during the week and ended positive. The major trend in the
stock is sideways. The stock is facing resistance at 294 and has support at 280. Break of
resistance may take the stock further up and one can buy the stock above its resistance level.
RESISTANCE 294
SUPPORT 280
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
HINDUNILVR 299.68 294.22 284.48 279.02 269.28
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Figure: 19 : Nifty50 Graph
ICICI BANKWEEKAHEAD
ICICIBANK
ICICI bank showed volatile trading session in last week and overall it remained positive.
Though major trend is positive for the stock, but short term trend is not clear. The stock has
major resistance level at 1140 and it has support level at 1072. In the short term, some
consolidation with positive biasness can be seen in the stock.
RESISTANCE 1140
SUPPORT 1072
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
ICICIBANK 1156.77 1137.63 1104.82 1085.68 1052.87
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Figure: 20 : Nifty50 Graph
IDFCWEEKAHEAD
IDFC
IDFC remained in consolidation phase all through this week and closed almost flat. The stock
has resistance level at 161 and support level at 151. It is expected to consolidate within the
range in short term.
RESISTANCE 161
SUPPORT 151
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
IDFC 163.68 160.07 156.58 152.97 149.48
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Figure: 21 : Nifty50 Graph
INFOSYS TECHNOLOGIESWEEKAHEAD
INFOS
YSTECHNOLOGIES
Infosys from the last few trading session moving sideways, in today's trading session it was
up by 0.09 %. It is now taking resistance at 2967 above this level it would be in an upward
trend. One can go for short position in it at 2880 below this level it might test the next
support level of 2810.
RESISTANCE 2939
SUPPORT 2880
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
INFOSYSTCH 3006 2958 2919 2871 2832
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Figure: 22 : Nifty50 Graph
ITCWEEKAHEAD
ITC
ITC has found support at 186 and resistance 195.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
190.15, from this level further upside of movement would be expected. It has resistance at
195 above this level it would be in an upward trend.
RESISTANCE 195
SUPPORT 186
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
ITC 198.45 194.3 190.6 186.45 182.75
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Figure: 23 : Nifty50 Graph
JAIPRAKASH ASSOCIATESWEEKAHEAD
JAIPRA
KASHASS
OCIATES
In today's trading session it was up by 0.89%, from this level further up side of movement
would be expected. It is looking bullish in the coming trading session if it manages to trade
above the resistance level of 103 else below 94 it would be in a downward trend.
RESISTANCE 103
SUPPORT 94
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
JPASSOCIAT 107.42 104.58 99.37 96.53 91.32
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Figure: 24 : Nifty50 Graph
JINDAL STEEL & POWERWEEKAHEAD
JINDALSTEEL&
POWER
Jindal Steel & Power found support at 645 which served as a strong support level, from this
level it made a smart recovery and made a high of 699. In today's trading session it manages
to trade and close above the 10 days and 50 days moving averages. It has resistance at 700
above this level it would be in a bullish trend else below 645 it would be bearish in trend.
RESISTANCE 700
SUPPORT 645
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
JINDALSTEL 726.63 710.92 683.28 667.57 639.93
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Figure: 25 : Nifty50 Graph
LARSEN AND TOUBROWEEKAHEAD
LAR
SENAND
TOUBRO
In today's trading session it manages to trade and close above the 10 days and 50 days
moving averages. It is taking support at 1630 and resistance at 1770; from this level further
upside movement would be expected. One can go for long position in it at 1770 above this
level it might be in an upward trend.
RESISTANCE 1770
SUPPORT 1630
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
LT 1817.55 1762.4 1711.7 1656.55 1605.85
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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 below the resistance level of 465 else below 439 it would
be bearish in trend.
RESISTANCE 465
SUPPORT 439
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
KOTAKBANK 479.9 470.7 455.35 446.15 430.8
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Figure: 27 : Nifty50 Graph
MAHINDRA & MAHINDRAWEEKAHEAD
MAHIN
DRA&MA
HINDRA
In today's trading session a positive opening made it to trade and close above the 10 days
and 50 days moving averages and it made a high of 763.25.It is looking bullish in the coming
trading session if it manages to trade above the resistance level of 763 else below 730 it
might face more selling pressure.
RESISTANCE 763
SUPPORT 730
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
M&M 811.88 788.27 751.18 727.57 690.48
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Figure: 28 : Nifty50 Graph
MARUTI SUZUKI INDIAWEEKAHEAD
MARUTISUZU
KIINDIA
Maruti in today's trading session was moving in an upward trend and it manages to trade
and close above the 10 days and 50 days moving averages; from this level further upside of
movement would be expected. It is now trading at 1307.One can go for long position in it at
1350 above this level it might test the next resistance level of 1415.
RESISTANCE 1350
SUPPORT 1206
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
MARUTI 1361 1334 1287 1260 1213
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Figure: 29 : Nifty50 Graph
NTPCWEEKAHEAD
NTPC
After making a high of 195 it was continuously moving in a downward trend, in today's
trading session it was up by 0.08%. It is looking strong on charts; one can go for long
position in it at 189 above this level it would be in an upward trend.
RESISTANCE 189
SUPPORT 180
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
NTPC 192.03 189.57 186.03 183.57 180.03
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Figure: 30 : Nifty50 Graph
ONGCWEEKAHEAD
ONGC
ONGC battered down to 278.55, from this level it made a smart recovery and made a high of
305.70. It is looking strong on charts. One can go for long position in it at 309 for the target
of 320.
RESISTANCE 309
SUPPORT 278
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
ONGC 320.2 312.2 297.7 289.7 275.2
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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
104.60. It is now taking support at 102 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
112.
RESISTANCE 106
SUPPORT 102
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
POWERGRID 107.73 106.17 104.58 103.02 101.43
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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 1201.25
and it was down by -0.41 %. It has resistance at 1230 and support at 1172. It is looking
bullish in the coming trading session if it manages to trade above the resistance level of 1230
else below 1172 it would be in a bearish trend.
RESISTANCE 1230
SUPPORT 1172
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
PNB 1244.95 1223.1 1200.05 1178.2 1155.15
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Figure: 33 : Nifty50 Graph
RANBAXYWEEKAHEAD
R
ANBAXY
Ranbaxy battered down to 428.75 which served as a major support level, from this level it
made a smart recovery and made a high of 475.60. It is looking strong on charts from this
level further upside of movement would be expected; else below 450 it would be in a
downward trend.
RESISTANCE 476
SUPPORT 450
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
RANBAXY 482.93 475.87 463.63 456.57 444.33
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Figure: 34 : Nifty50 Graph
RELIANCE CAPITALWEEKAHEAD
RELIANCE
CAPITAL
Reliance capital from the last few trading session moving sideways and it was up by 1.25 %.
It is now taking support at 560 and resistance at 621. One can go for long position in it at
621 above this level it would be in an upward trend.
RESISTANCE 621
SUPPORT 560
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
RELCAPITAL 635.07 622.33 604.27 591.53 573.47
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Figure: 36 : Nifty50 Graph
RELIANCE INDUSTRIESWEEKAHEAD
R
ELIANCEINDUSTRIES
It is taking resistance at 1050 and support at 995. It is looking bullish in the coming trading
session, one can go for long position in at 1050 else below 995 it would be in a downward
trend.
RESISTANCE 1032
SUPPORT 995
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
RELIANCE 1073.97 1057.28 1028.02 1011.33 982.07
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Figure: 37 : Nifty50 Graph
RELIANCE INFRAUSTRUCTUREWEEKAHEAD
RELIANCEINFRAUSTRUCTURE
It is now taking support at 652 and resistance at 717.It is looking strong on chart in today's
trading session it was up by 1.71 % and it is now trading at 695.85, from this level further
upside of movement would be expected. Once can go for long position in it at 717 above
this level it might be in a bullish trend.
RESISTANCE 717
SUPPORT 652
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
RELINFRA 737.02 716.43 689.22 668.63 641.42
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Figure: 38 : Nifty50 Graph
RELIANCE POWERWEEKAHEAD
RELIANCEPOWER
The stock had a consolidation phase this week. It has resistance at 134 while support at 123,
one has to wait for crossing of levels on either side. RESISTANCE 134
SUPPORT 123
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
RPOWER 138.28 134.62 130.08 126.42 121.88
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Figure: 39 : Nifty50 Graph
SIEMENSWEEKAHEAD
SIEMENS
The stock is currently moving with high volatility. One should wait for further movements in
the stock as it is looking very volatile in terms of price movements. RESISTANCE 865
SUPPORT 815
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
SIEMENS 884.77 860.43 839.22 814.88 793.67
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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 179, crossing of this level may take the stock further upwards RESISTANCE 179
SUPPORT 169
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
STER 186.67 182.73 176.07 172.13 165.47
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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 175.50;
crossing of this level will further take up the stock. One could go for buying on dip strategy in
the stock.
RESISTANCE 175.50
SUPPORT 165
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
SAIL 179.82 176.23 171.32 167.73 162.82
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Figure: 43 : Nifty50 Graph
SUN PHARMACEUTICALWEEKAHEAD
SUNPHARMAC
EUTICAL
Sun Pharmaceuticals is consolidating from many previous trading sessions. The stock has
resistance level at 456 and support level at 427. As the stock is looking indecisive on the
charts, one should wait for proper breakout to enter in it. Although above the resistance
level at 456, bullishness can be expected in it.
RESISTANCE 456
SUPPORT 427
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
SUNPHARMA 462.5 454.4 440.9 432.8 419.3
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Figure: 44 : Nifty50 Graph
GRASIMWEEKAHEAD
SUZLON
GRASIM has shown negative movement in last week, though in later sessions it has shown
some recovery. The stock has resistance level at 2492 and support level at 2370. It is
expected to show some recovery in coming trading sessions; also it is looking further weak
below the support level at 2370.
RESISTANCE 2492
SUPPORT 2370
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
GRASIM 2659.9 2541.35 2456.45 2337.9 2253
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Figure: 45 : Nifty50 Graph
TCSWEEKAHEAD
TCS
TCS had shown high volatility in 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
1247 then uptrend may continue in the coming trading sessions.
RESISTANCE 1247
SUPPORT 1172
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
TCS 1298.43 1245.27 1192.63 1139.47 1086.83
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Figure: 46 : Nifty50 Graph
TATA MOTORWEEKAHEAD
TATA
MOTOR
Tata motor showed volatile trading session last week. The stock has resistance at the level of
1270 and support level at 1200. In the short term it is expected to move with positive
biasness, and above the resistance level it is looking strong on charts.
RESISTANCE 1270
SUPPORT 1200
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
TATAMOTORS 1306.08 1274.92 1231.63 1200.47 1157.18
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Figure: 47 : Nifty50 Graph
TATA STEELWEEKAHEAD
TA
TASTEEL
TATA Steel had a volatile trading session last week. The stock has resistance at 642 and
support at 605. It is expected to consolidate with positive biasness in short term. Although if
it manages to sustain above resistance level at 642, upside can be expected.
RESISTANCE 642
SUPPORT 605
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
TATASTEEL 655.05 642.55 623.8 611.3 592.55
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Figure: 48 : Nifty50 Graph
TATA POWERWEEKAHEAD
TATA
POWER
TATA Power is in sideways trend from last many sessions and this week also it remained
almost flat. As the stock's trend is looking indecisive on the charts, one should wait for
proper breakout before entering in this stock. Above the resistance level at 1350, it is looking
strong on the charts.
RESISTANCE 1350
SUPPORT 1277
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
TATAPOWER 1376.65 1353.75 1316.55 1293.65 1256.45
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Figure: 49 : Nifty50 Graph
SESA GOAWEEKAHEAD
SESAGOA
The stock had a steep upward movement in today's trading session. It has resistance at
325.80; crossing of this level will take the stock further upward. RESISTANCE 325.80
SUPPORT 311
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
Technical Picture
SESAGOA 341.03 331.47 314.13 304.57 287.23
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Technical Picture
Figure: 50 : Nifty50 Graph
WIPROWEEKAHEAD
WIPRO
Last week WIPRO recovered from lower levels. The stock has resistance level at 475 and
support level at 447. 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 475
SUPPORT 447
STOCK R2 R1 PP S1 S2
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivots
WIPRO 490.32 476.73 458.12 444.53 425.92
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WEEKLY
25th Apr to 29th Apr 2011
Globa l Resear ch L im i t ed