Weekly-Nifty50-Stock-report-Nov

G L O B A L R E S E A R C H LT D .

WEEKLY

STOCKS REPORTS

www.capitalvia.com

08th NOV - 13th NOV 2010

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

ACC

ACC Weekly Pivots STOCK

ACC

R2

R1

PP

S1

S2

1109.2

1099.4

1092.2

1082.4

1075.2

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW ACC has bullish trend and trading at year high it has immediate resistance of 1100 and support at the level of 980 if it crosses this resistance then it will continue its bullish trend in near future.

RESISTANCE

1100

SUPPORT

980

www.capitalvia.com 2

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

AMBHUJA CEMENT

AMBHUJA CEMENT Weekly Pivots STOCK

AMBUJACEM

R2

R1

PP

S1

S2

153.18

152.42

151.73

150.97

150.28

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW Ambuja cement has been bull run in this week now it has immediate resistance of 165 if it crosses this level then ot will move positively more along with it has support at the level of 140.

RESISTANCE

161

SUPPORT

140

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

AXIS

AXIS Weekly Pivots STOCK

AXISBANK

R2

R1

1566.42

1558.13

PP

1550.57

S1

1542.28

S2

1534.72

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW In last week it had been in the correction, but in this week it took support at the level of 1435 and reversed the trend by taking the positive momentum, long trend of this stock is bullish, now it faces the resistance of 1575 if it gives closing above to this level then it will confirm its bull run in near futures, along with it has support at the level of 1535.

RESISTANCE

1575

SUPPORT

1535

www.capitalvia.com 4

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

BAJAJ AUTO

BAJAJ AUTO Weekly Pivots STOCK

BAJAJ-AUTO

R2

R1

1634.12

1624.23

PP

1612.12

S1

1602.23

S2

1590.12

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW This week Bajaj auto had shown the positive momentum, took the support at the level of 1475 and crossed its immediate resistance of 1490 and then took the positive momentum now it is trading at lifetime high, thus stock is looking risky as profit booking may be seen at this level .it has strong resistance of 1650 and support at the level of 1585.

RESISTANCE

1650

SUPPORT

1585

www.capitalvia.com 5

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

BHEL

BHEL Weekly Pivots STOCK

BHEL

R2

R1

2561.67

2550.33

PP

2542.67

S1

2531.33

S2

2523.67

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW Bhel has taken support at 2430 level now moving positively, it has immediate resistance of 2630 and support at the level of 2439 it may be in sideways trend for few days untill it gives closing above 2630.

RESISTANCE

2630

SUPPORT

2430

www.capitalvia.com 6

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

BPCL

BPCL Weekly Pivots STOCK

BPCL

R2

R1

PP

S1

S2

770.38

766.42

762.03

758.07

753.68

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW BPCL stock consolidated from a last few trading session after showing a continuous up rally. One could go for buying on dip strategy and hold the long positions in this stock as it is expected to move till the levels of 785 in next trading sessions.

RESISTANCE

785

SUPPORT

734

www.capitalvia.com 7

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

BHARTI AIRTEL

BHARTI AIRTEL Weekly Pivots STOCK

BHARTIARTL

R2

R1

PP

S1

S2

332.13

330.82

329.68

328.37

327.23

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW BHARTI AIRTEL is moving with negative biasness from last few trading sessions. As we have mentioned earlier also, that one could go for sell on rise in it until the stock crosses the level of 322 in upside. It now faces support at 318, crossing of which may take the stock further down.

RESISTANCE

342

SUPPORT

314

www.capitalvia.com 8

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

CIPLA

CIPLA Weekly Pivots STOCK

R2

R1

PP

S1

S2

CIPLA

355.82

354.38

352.82

351.38

349.82

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW CIPLA is moving in sideways trend. It now faces resistance at 363 crossing of this level may bring upward movement and may take the stock till the levels of 395-400 in near term. One could go for buying on dip strategy in this stock.

RESISTANCE

363

SUPPORT

341

www.capitalvia.com 9

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

CAIRN

CAIRN Weekly Pivots STOCK

R2

R1

PP

S1

S2

CAIRN

333.92

332.88

331.42

330.38

328.92

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW CAIRN INDIA , Form the last few trading session it is moving below the 10 days and 50 days moving averages. Looking positive in the coming trading session once it manages to crosses the level of 345 else it has support at 315 below this level it would might face more selling pressure.

RESISTANCE

345

SUPPORT

315

www.capitalvia.com 10

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

DLF

DLF Weekly Pivots STOCK

DLF

R2

R1

PP

S1

S2

360.23

358.52

357.08

355.37

353.93

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW DLF, As mentioned for this stock that one could go for sell on rise until it crosses 366 in upside. It now faces support at 341; crossing of this may take the stock further down.

RESISTANCE

366

SUPPORT

341

www.capitalvia.com 11

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

DR REDDY

DR REDDY Weekly Pivots STOCK

DRREDDY

R2

R1

1777.87

1765.73

PP

1752.87

S1

1740.73

S2

1727.87

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW DR, REDDY has bullish trend. The stock made a new 52 week of high of 1738.45 in the today`s session the stock is looking good and above the immediate resistance level of 1738. The stock may continue the uptrend in the coming time.

RESISTANCE

1738

SUPPORT

1636

www.capitalvia.com 12

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

DR REDDY

GAIL INDIA Weekly Pivots STOCK

GAIL

R2

R1

PP

S1

S2

503.73

499.52

495.78

491.57

487.83

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW GAIL INDIA is in consolidation state. The stock has crucial support level of 482 above which if the stock price sustained then upside moments may continues in the coming time. The stock is looking risky below the level of 482.

RESISTANCE

512

SUPPORT

482

www.capitalvia.com 13

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

HCL

HCL Weekly Pivots STOCK

HCLTECH

R2

R1

PP

S1

S2

419.18

416.52

414.28

411.62

409.38

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW HCL made high of 456 and since then trading with the negative sentiments. The stock has immediate support level of 410 below which if the stock sustained then some more correction may be seen in the stock price. The stock price may bounce back if sustained above the level of 410 in the coming time.

RESISTANCE

428

SUPPORT

410

www.capitalvia.com 14

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

HDFC BANK

HDFC BANK Weekly Pivots STOCK

R2

R1

PP

S1

S2

HDFC

749.18

743.67

739.43

733.92

729.68

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW HDFC Bank rallied from the support level of 2237. The stock has immediate resistance at the level of 2359 above which if the stock price sustained then some more upside moments may be seen there.

RESISTANCE

2359

SUPPORT

2237

www.capitalvia.com 15

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

HOUSING DEVELOPMENT FINANCE

HOUSING DEVELOPMENT FINANCE Weekly Pivots STOCK

HDFCBANK

R2

R1

2417.13

2405.27

PP

2395.13

S1

2383.27

S2

2373.13

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW HOUSING DEVELOPMENT FINANCE rallied from the support level of 672. The stock has immediate resistance at the level of 764 above which if the stock price sustained then some more upside moments may be seen there.

RESISTANCE

764

SUPPORT

672

www.capitalvia.com 16

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

HERO HONDA

HERO HONDA Weekly Pivots STOCK

HEROHONDA

R2

R1

1894.2

1870.05

PP

1850.65

S1

S2

1826.5

1807.1

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW HERO HONDA is in consolidation state. The stock has crucial support level of 1856 above which if the stock price sustained then upside moments may continue in the coming time. The stock has immediate resistance of 1770.

RESISTANCE

1856

SUPPORT

1770

www.capitalvia.com 17

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

HINDALCO

HINDALCO Weekly Pivots STOCK

HINDALCO

R2

R1

PP

S1

S2

244.08

238.27

233.18

227.37

222.28

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW HINDALCO has bullish trend. The stock in today's trading made a high of 228.20 looking positive in the coming trading if it manages to trade above the resistance level of 228 else below 201 it would be in a bearish trend.

RESISTANCE

225

SUPPORT

200

www.capitalvia.com 18

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

HUL

HUL Weekly Pivots STOCK

HINDUNILVR

R2

306.15

R1

304.5

PP

S1

S2

302.25

300.6

298.35

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW HUL is in consolidation state. The stock has crucial support level of 289 above which if the stock price sustained then upside moments may continues in the coming time. The stock has immediate resistance level of 309.

RESISTANCE

309

SUPPORT

289

www.capitalvia.com 19

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

ICICI BANK

ICICI BANK Weekly Pivots STOCK

ICICIBANK

R2

R1

PP

S1

1283.55

1278.45

1273.9

1268.8

S2

1264.25

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW ICICI BANK has bullish trend. The stock made a new 52 weeks high of 1270.55 in the today`s session the stock is looking good and above the immediate resistance level of 1271. The stock may continue the uptrend in the coming time.

RESISTANCE

1271

SUPPORT

1186

www.capitalvia.com 20

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

IDFC

IDFC Weekly Pivots STOCK

IDFC

R2

R1

PP

S1

S2

218.35

216.95

215.85

214.45

213.35

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW IDFC has bullish trend. The stock rallying from the support level of 195 and now facing important resistance at the level of 216 above which the stock may show some more upside moments in the coming time.

RESISTANCE

216

SUPPORT

195

www.capitalvia.com 21

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

INFOSYS TECHNOLOGIES

INFOSYS TECHNOLOGIES Weekly Pivots STOCK

INFOSYSTCH

R2

R1

3102.62

3092.13

PP

3081.52

S1

3071.03

S2

3060.42

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW INFOSYS, is now taking resistance at 3119 and support at 2944 looking positive in the coming trading session if it manages to trade above the resistance level of 3050 else it has support at 2944 below this level it would might face more selling pressure.

RESISTANCE

3050

SUPPORT

2944

www.capitalvia.com 22

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

ITC

ITC Weekly Pivots STOCK

ITC

R2

R1

PP

S1

S2

179.58

178.37

177.28

176.07

174.98

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW ITC , traded above the 10 days and 50 days moving averages and now it is moving sideways with high volume from this level either side of movement would be expected. It is looking positive in the coming trading session, if it manages to trade above the resistance level of 177. One can take long position in it at 178 else it has support level of 165 below this level it would be in a bearish trend.

RESISTANCE

178

SUPPORT

165

www.capitalvia.com 23

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

JAIPRAKASH ASSOCIATES

JAIPRAKASH ASSOCIATES Weekly Pivots STOCK

JPASSOCIAT

R2

R1

PP

S1

S2

137.37

135.63

132.97

131.23

128.57

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW JAIPRAKASH ASSOCIATES form the last few trading session moving sideways, from this level

RESISTANCE

131

either side of movement would be expected. In today's trading session it closed above the 10

SUPPORT

118

days and 50 days moving averages. It has resistance at 131 and support at 118. One can take a long position in it, above 131 it would be in a bullish trend.

www.capitalvia.com 24

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

JINDAL STEEL & POWER

JINDAL STEEL & POWER Weekly Pivots STOCK

JINDALSTEL

R2

R1

PP

S1

S2

726.28

721.02

717.53

712.27

708.78

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW JINDAL STEEL & POWER taking support at the level of 681, from the last few trading session it was moving sideways from this level either side of movement would be expected. Once it manages to cross the level of 727 it would be in an uptrend else it has support at 681 below this it would might face more selling pressure.

RESISTANCE

727

SUPPORT

681

www.capitalvia.com 25

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

LARSEN AND TOUBRO

LARSEN AND TOUBRO Weekly Pivots STOCK

LT

R2

R1

2205.68

2188.67

PP

2174.48

S1

2157.47

S2

2143.28

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW L&T manages to close above the 10 days and 50 days moving averages. Looking bullish in the coming trading session one can go for long position in it at 2212 else it has support at 2108 below this level it would be in a downward trend.

RESISTANCE

2212

SUPPORT

2108

www.capitalvia.com 26

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

KOTAK MAHINDRA BANK

KOTAK MAHINDRA BANK Weekly Pivots STOCK

KOTAKBANK

R2

R1

PP

S1

S2

497.73

496.07

494.03

492.37

490.33

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW KOTAK MAHINDRA BANK closed above the 10 days and 50 days moving averages and it was up by 0.87 % now it is moving sideways form this level either side of movement would be expected. One can go for long position in it at 507. It has resistance at 507 and support at 455 below this level it would might face more selling pressure.

RESISTANCE

507

SUPPORT

455

www.capitalvia.com 27

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

MAHINDRA & MAHINDRA

MAHINDRA & MAHINDRA Weekly Pivots STOCK

R2

R1

PP

S1

S2

M&M

797.63

794.27

789.63

786.27

781.63

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW M&M manages to close above the 10 day and 50 days moving averages. Looking positive in the coming trading session if it manages to trade above the resistance level of 796 else it has support level at 739 below this level it would be in a downward trend.

RESISTANCE

796

SUPPORT

739

www.capitalvia.com 28

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

MARUTI SUZUKI INDIA

MARUTI SUZUKI INDIA Weekly Pivots STOCK

MARUTI

R2

R1

1532.78

1522.57

PP

1514.78

S1

1504.57

S2

1496.78

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW MARUTI is taking support at 1585 and resistance at 1472. It is now trading at 1507.60 from the last few trading session it is moving sideways. Looking positive in the coming trading session if it manages to trade above the resistance level of 1585 else below 1472 it would might face more selling pressure.

RESISTANCE

1585

SUPPORT

1472

www.capitalvia.com 29

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

NTPC

NTPC Weekly Pivots STOCK

R2

R1

PP

S1

S2

NTPC

197.63

196.97

196.23

195.57

194.83

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW NTPC manages to trade below the 10 days and 50 days moving averages. Form the last few trading session it is moving in a downward from this level either side of movement would be expected. In order to be in an uptrend it has to trade and consolidate above the resistance level of 200 else it has support at 192 below this level it would be bearish.

RESISTANCE

200

SUPPORT

192

www.capitalvia.com 30

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

ONGC

ONGC Weekly Pivots STOCK

R2

R1

ONGC

1399.15

1389.3

PP

1380.15

S1

1370.3

S2

1361.15

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW ONGC Form the last few trading session it was moving in a downtrend in today trading session it was up by 2.85 %. It has resistance at 1390 and support at 1290 it is now trading below the 10 days and 50 days moving averages looking positive in the coming trading session if it manages to trade above the resistance level of 1390 else below 1290 it would might face more selling pressure.

RESISTANCE

1390

SUPPORT

1290

www.capitalvia.com 31

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

POWER GRID CORPORATION OF INDIA

POWER GRID CORPORATION OF INDIA Weekly Pivots STOCK

POWERGRID

R2

103.75

R1

102.9

PP

S1

S2

102.05

101.2

100.35

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW POWER GRID , In this week it had been weak and took support at its very strong support level at 97.10 level in coming days if it did not break this support then it may show the signal of trend reversal, as today it had given the positive closing else it may continue it down side movement if it breaks its strong support of 97.10 , along with it has very strong resistance at the level of 109.

RESISTANCE SUPPORT

95 109

www.capitalvia.com 32

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

PUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK Weekly Pivots STOCK

PNB

R2

R1

1394.17

1384.93

PP

1374.62

S1

1365.38

S2

1355.07

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW PNB As per our earlier report in this week it took support at the level of 1265 and shown the positive movement today it crossed its year high and given the positive closing thus one may adopt in this stock “buy on dips “strategy for the short term target of 1400 till it closes below 1265, trend of this stock is bullish.

RESISTANCE

1401

SUPPORT

1240

www.capitalvia.com 33

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

RANBAXY

RANBAXY Weekly Pivots STOCK

RANBAXY

R2

619.35

R1

615.9

PP

S1

S2

612.55

609.1

605.75

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW RANBAXY, In this week also it could not maintain its upward momentum and shown the down ward trend it has immediate support at the level of 570, if it break this level then it will continue its downward movement, else it may take support at this level and buying may be seen at this point.

RESISTANCE

660

SUPPORT

556

www.capitalvia.com 34

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

RELIANCE CAPITAL

RELIANCE CAPITAL Weekly Pivots STOCK

RELCAPITAL

R2

R1

PP

S1

S2

843.88

838.62

834.38

829.12

824.88

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW RELIANCE CAPITAL, As per our previous mentioned report it could not sustain its positiveness and moved weakly then took support at the level of 802 and given the positive closing today thus buying may be seen at this point now, it faces the immediate resistance of 865 if it gives closing above this level then positive movement is expected else it may continue its down ward trend.

RESISTANCE

872

SUPPORT

802

www.capitalvia.com 35

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

RELIANCE COMMUNICATION

RELIANCE COMMUNICATION Weekly Pivots STOCK

R2

R1

PP

S1

S2

RCOM

184.43

182.97

181.83

180.37

179.23

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW RELIANCE COMMUNICATION took support at the level of 172 and then making bottom higher side, now it faces the support of 186.50 if it crosses this level then it may continue its positive movement, along with it faces support at the level of 169 and trend is sideways.

RESISTANCE

188

SUPPORT

169

www.capitalvia.com 36

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

RELIANCE INDUSTRIES

RELIANCE INDUSTRIES Weekly Pivots STOCK

RELIANCE

R2

R1

1125.03

1115.37

PP

1107.83

S1

1098.17

S2

1090.63

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW RELAINCE INDUS. As per our mentioned report it did not break its support if 1055 and maintain its positive momentum, it gave the positive closing now it faces the immediate resistance of 1125 if it crosses this level then it will take Bull Run in near future.

RESISTANCE

1134

SUPPORT

1070

www.capitalvia.com 37

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

RELIANCE INFRAUSTRUCTURE

RELIANCE INFRAUSTRUCTURE Weekly Pivots STOCK

RELINFRA

R2

R1

1058.23

1054.57

PP

1051.33

S1

1047.67

S2

1044.43

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW RELIANCE INFRA , In this week it had been sideways in earlier day of week it had shown negative biasness and then it took support at the level of 1025 ,this stock is moving in the range of 1079-1025 thus one should wait till it crosses either side level.

RESISTANCE

1079

SUPPORT

980

www.capitalvia.com 38

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

RELIANCE POWER

RELIANCE POWER Weekly Pivots STOCK

RPOWER

R2

R1

PP

S1

S2

168.33

166.62

165.38

163.67

162.43

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW RELAINCE POWER it had given the positive momentum , given the closing above to 165 levels which has been very strong resistance now one may follow in this stock “buy on dips” strategy for the short term target of 170 till it closes below 155.

RESISTANCE

165

SUPPORT

147

www.capitalvia.com 39

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

SIEMENS

SIEMENS Weekly Pivots STOCK

SIEMENS

R2

R1

PP

S1

S2

850.87

845.73

841.67

836.53

832.47

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW SIEMENS had been sideways, making higher bottom every times thus one may adopt in this stock buy on dips for the short term target of 850 till it closes below 785.

RESISTANCE

860

SUPPORT

785

www.capitalvia.com 40

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

STERLITE

STERLITE Weekly Pivots STOCK

STER

R2

R1

PP

S1

S2

186.03

183.87

182.23

180.07

178.43

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW STERLITE INDU, As per our mentioned report it broke the resistance of 175 and now moving higher it is now facing resistance of 185 if it gives closing above to this level then it may make new high in this week ,but one should be cautious at this level as it will be year high.

RESISTANCE

186

SUPPORT

165

www.capitalvia.com 41

WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

STATE BANK OF INDIA

STATE BANK OF INDIA Weekly Pivots STOCK

SBIN

R2

R1

3529.08

3509.52

PP

3480.43

S1

3460.87

S2

3431.78

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW SBI, As per our mentioned report it broke the strong resistance of 3250 and then made all time high, trend of this stock is bullish but one should be cautious as it is trading all time high thus profit booking may be seen any time.

RESISTANCE

3550

SUPPORT

3100

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

SAIL

SAIL Weekly Pivots STOCK

SAIL

R2

R1

PP

S1

S2

199.38

198.07

197.18

195.87

194.98

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW SAIL, In this week it had been downward broke the support of 206 and then moved weakly and now taking support at the level of 192 if it does not break this level then it may take positive trend but one should wait till it consolidate at this level more.

RESISTANCE

231

SUPPORT

192

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

SUN PHARMACEUTICAL

SUN PHARMACEUTICAL Weekly Pivots STOCK

SUNPHARMA

R2

R1

2315.55

2296.1

PP

2275.55

S1

2256.1

S2

2235.55

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW SUNPHARMA, This week it tested the year high level and then got reverse and moved sideways and again took positive momentum, long term trend of this stock is bullish it faces the resistance of 2300 if it crosses this level then it will show positive movement in near future else it may correct till the level of 1980, stock is looking risky as it is moving lifetime high.

RESISTANCE

2165

SUPPORT

1980

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

SUZLON

SUZLON Weekly Pivots STOCK

SUZLON

R2

58.62

R1

58.13

PP

S1

S2

57.82

57.33

57.02

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW SUZLONE, This week it moved sideways tested it support of 55 ,its trend is sideways it is moving in the range of 55-61 thus one should wait till it crosses either side level.

RESISTANCE

61

SUPPORT

51

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

TCS

TCS Weekly Pivots STOCK

TCS

R2

R1

1087.55

1082.65

PP

1079

S1

1074.1

S2

1070.45

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW TCS, This week it moved positively and crossed its immediate resistance of 1070,if in coming days it break its resistance then it may make new high ,along with it has support of 1020,long term trend of this stock is bullish.

RESISTANCE

1100

SUPPORT

1020

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

TATA MOTOR

TATA MOTOR Weekly Pivots STOCK

TATAMOTORS

R2

R1

1258.45

1251.7

PP

1245.35

S1

1238.6

S2

1232.25

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW TATA MOTORS, This week it has shown positive momentum and touched the 1200 level and then moved sideways, long term trend of this stock is bullish, it may correct till the level of 1060 in near future and then again it may take positive momentum thus one should wait till it crosses its immediate resistance of 1220 then only it will confirm its bull run in near future.

RESISTANCE

1250

SUPPORT

1060

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

TATA STEEL

TATA STEEL Weekly Pivots STOCK

TATASTEEL

R2

R1

PP

S1

S2

632.35

627.95

624.6

620.2

616.85

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW TATA STEEL, As per our mentioned report it broke its very strong support of 592 and continued its weak movement till 580 level and then took support, now it faces the strong resistance of 635 if it gives closing above this level then it may give us positive momentum in near future.

RESISTANCE

575

SUPPORT

635

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

TATA POWER

TATA POWER Weekly Pivots STOCK

TATAPOWER

R2

R1

1412.28

1406.07

PP

1400.53

S1

1394.32

S2

1388.78

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW TATA POWER, This week it has been sideways, it is moving in the range of 1460 and 1370, not breaking either side level thus one should wait till it crosses either side level then only it will determine its direction .

RESISTANCE

1475

SUPPORT

1370

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

SESA GOA

SESA GOA Weekly Pivots STOCK

SESAGOA

R2

R1

PP

S1

S2

340.58

338.87

337.68

335.97

334.78

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW SESA GOA, This week it moved downward and then took support at 317 level , thus one may adopt in this stock “buy in dips” strategy for the short term target of 360 till it closes below 317.

RESISTANCE

365

SUPPORT

308

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WEEKLY 08th Nov to 13th Nov 2010

WEEK AHEAD

RESEARCH

WIPRO

WIPRO Weekly Pivots STOCK

R2

R1

PP

S1

S2

WIPRO

443.82

440.93

439.02

436.13

434.22

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW WIPRO, this week it moved down ward and then it took support at the level of 410 now it faces the resistance of 445 if it crosses this level then it may take positive movement in near future else it may continue its down ward trend.

RESISTANCE

500

SUPPORT

403

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WEEKLY 08th Nov to 13th Nov 2010

RESEARCH

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