nifty 50 reports for the week (25th - 29th april '11)

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  • 8/7/2019 Nifty 50 Reports for the Week (25th - 29th April '11)

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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

    www.capitalvia.com 34

    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

    www.capitalvia.com 35

    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

    www.capitalvia.com 37

    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

    www.capitalvia.com 38

    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

    www.capitalvia.com 39

    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

    www.capitalvia.com 40

    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

    www.capitalvia.com 41

    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

    www.capitalvia.com 43

    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

    www.capitalvia.com 44

    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

    www.capitalvia.com 45

    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

    www.capitalvia.com 46

    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

    www.capitalvia.com 47

    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

    www.capitalvia.com 48

    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

    www.capitalvia.com 49

    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

    www.capitalvia.com 50

    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

    www.capitalvia.com 51

    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