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    w     w     w  .     c     a     p      i      t     a      l     v      i     a  .     c     o     m G LO BA L RE SEA RCH L TD . W E E K L Y W EE K L Y STOCKS REPORTS 24t h Jan - 28t h Jan 2011

Nifty 50 Reports for the Week (24th - 29th January - 2011)

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Page 1: Nifty 50 Reports for the Week (24th - 29th January - 2011)

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   o   m

G LO BA L RESEA RCH LTD .

WEEKLYWEEKLY

STOCKS REPORTS24t h Jan - 28t h Jan 2011

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Technical Picture

Figure: 1 : Nifty50 Graph

WEEKLY

24th Jan to 28th Jan 2011

www.capitalvia.com

R ES EA R C H

2

TECHNICAL OVERVIEW

ACC   W   E   E   K   A   H   E   A   D

Weekly Pivots

   A   C   C

The stock has consolidated throughout this week after having a sharp fall previously. It now

has major support at 968, breach of this level may continue the bearish trend for the stock

else it may also bounce back from lower support levels. It has resistance at 1033.

RESISTANCE 1033

SUPPORT 968

STOCK R2 R1 PP S1 S2

ACC 1040.27 1028.53 1016.27 1004.53 992.27

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Technical Picture

Figure: 2 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

3

TECHNICAL OVERVIEW

AMBUJA CEMENT   W   E   E   K   A   H   E   A   D

Weekly Pivots

   A   M   B   H   U   J   A

   C   E   M   E   N   T

The stock is moving in a sideways trend currently. It now faces resistance at 134.50 while

support at 123. One has to wait for crossing of levels on either side before taking any

positions in it.

RESISTANCE 134.50

SUPPORT 123

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

AMBUJACEM 130.77 129.43 127.47 126.13 124.17

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Technical Picture

Figure: 3 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

4

TECHNICAL OVERVIEW

AXIS   W   E   E   K   A   H   E   A   D

Weekly Pivots

   A   X   I   S

The stock is currently facing a range bound movement. As mentioned for the stock

previously that it has next support at 1190; breach of this level may continue the bearish

trend for the stock while it faces resistance at 1335, crossing of this level may take up the

stock. One has to wait for crossing of levels on either side.

RESISTANCE 1335

SUPPORT 1230

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

AXISBANK 1369.63 1327.37 1291.18 1248.92 1212.73

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Technical Picture

Figure: 4 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

5

TECHNICAL OVERVIEW

BAJAJ AUTO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   A   J   A   J   A   U   T   O

The stock is moving in bearish trend and it continued to do so this week also. It has next

support at 1225; breach of this level may take the stock further southward else it may also

bounce back from lower support levels.

RESISTANCE 1352

SUPPORT 1225

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

BAJAJ-AUTO 1361.67 1330.93 1309.27 1278.53 1256.87

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Technical Picture

Figure: 5 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

6

TECHNICAL OVERVIEW

BHEL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   H   E   L

The stock was moving with negative biasness this week while it had an up rally in today's

trading session on the back of strong quarterly results. It faces resistance at 2290 while has

support at 2140.

RESISTANCE 2290

SUPPORT 2140

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

BHEL 2215.32 2195.43 2172.72 2152.83 2130.12

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Technical Picture

Figure: 6 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

7

TECHNICAL OVERVIEW

BPCL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   P   C   L

The stock moved in a bearish trend this week while tried to take support at lower levels and

had an up rally in today's trading session. It faces next resistance at 599; crossing of t his may

take the stock further up wards while it has support at 565, breach of which may continue

the bearish trend for the stock.

RESISTANCE 599

SUPPORT 565

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

BPCL 586.5 581 576.7 571.2 566.9

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Technical Picture

Figure: 7 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

8

TECHNICAL OVERVIEW

BHARTI AIRTEL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   H   A   R   T   I   A   I   R   T   E   L

The stock moved in a sideways trend with negative biasness this week. It faces next support

at 330. While has resistance at 355. One has to wait for crossing of levels on either side. RESISTANCE 355

SUPPORT 330

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

BHARTIARTL 345.43 342.87 340.43 337.87 335.43

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Technical Picture

Figure: 8 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

9

TECHNICAL OVERVIEW

CIPLA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   C   I   P   L   A

The stock is consolidating currently. It has major support at 335; breach of this level may

continue the bearish trend for the stock while it has resistance at 360, crossing of this level

may bring some up rally for the stock.

RESISTANCE 360

SUPPORT 335

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

CIPLA 358.72 355.03 349.52 345.83 340.32

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Technical Picture

Figure: 9 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

10

TECHNICAL OVERVIEW

CAIRN   W   E   E   K   A   H   E   A   D

Weekly Pivots

   C   A   I   R   N

The stock consolidated with positive biasness this week and again took resistance at higher

and bounced back in today's trading session. It has resistance at 348 and support at 330,

unt il it crosses any of these levels on either side, a range bound movement is expected.

RESISTANCE 348

SUPPORT 330

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

CAIRN 347.28 345.07 342.33 340.12 337.38

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Technical Picture

Figure: 10 : Nifty50 Graph

www.capitalvia.com

R ES EA R C H

11

TECHNICAL OVERVIEW

DLF   W   E   E   K   A   H   E   A   D

Weekly Pivots

   D   L   F

The stock had a very tight range bound movement throughout this week. It has support at

244 while resistance at 260. One has to wait for crossing of these levels. RESISTANCE 260

SUPPORT 240

STOCK R2 R1 PP S1 S2

WEEKLY

24th Jan to 28th Jan 2011

DLF 262.08 259.22 255.73 252.87 249.38

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Technical Picture

Figure: 11 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

DR REDDY   W   E   E   K   A   H   E   A   D

Weekly Pivots

   D   R   R   E   D   D   Y

Dr.Reddy is in consolidation state. The stock is trading in a tight range of 1620-1700. So for

now no positions is looking lucrative and wait for proper breakout in it . RESISTANCE 1700

SUPPORT 1620

STOCK R2 R1 PP S1 S2

www.capitalvia.com 12

WEEKLY

24th Jan to 28th Jan 2011

DRREDDY 1702.42 1684.33 1659.92 1641.83 1617.42

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Technical Picture

Figure: 12 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

GAIL INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   D   R   R   E   D   D   Y

GAIL India since made high of 538, it is trading with the weak sentiments. The stock below

the support level of 445 may continue to trade in downtrend in the short run. RESISTANCE 465

SUPPORT 445

STOCK R2 R1 PP S1 S2

www.capitalvia.com 13

WEEKLY

24th Jan to 28th Jan 2011

GAIL 470.38 461.82 455.13 446.57 439.88

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Technical Picture

Figure: 13 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

HCL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   C   L

HCL has bullish trend. The stock is consolidating at the higher level with holding support of

495. So this will be crucial support level moving forward. RESISTANCE 510

SUPPORT 495

STOCK R2 R1 PP S1 S2

www.capitalvia.com 14

WEEKLY

24th Jan to 28th Jan 2011

HCLTECH 525.48 518.17 506.68 499.37 487.88

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Technical Picture

Figure: 14 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

HDFC BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   D   F   C   B   A   N   K

HDFC Bank is consolidating at the support level. The stock is not looking lucrative in the

short run. So wait for proper breakout in it RESISTANCE 2135

SUPPORT 2050

STOCK R2 R1 PP S1 S2

www.capitalvia.com 15

WEEKLY

24th Jan to 28th Jan 2011

HDFCBANK 2187.78 2152.67 2099.28 2064.17 2010.78

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Technical Picture

Figure: 15 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

HOUSING DEVELOPMENT FINANCE   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   O   U   S

   I   N   G   D   E   V   E   L   O   P   M   E   N   T   F   I   N   A   N   C   E

Housing Development Finance is in consolidation state. The stock is trading in a t ight range

of 635-670. So for now no positions are looking lucrative and wait for proper breakout in it . RESISTANCE 670

SUPPORT 635

STOCK R2 R1 PP S1 S2

www.capitalvia.com 16

WEEKLY

24th Jan to 28th Jan 2011

HDFC 676.53 668.57 657.63 649.67 638.73

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Technical Picture

Figure: 16 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

HERO HONDA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   E   R   O

   H   O   N   D   A

Hero Honda since made high of 2020, it is trading with the weak sentiments. The stock is

holding strong support at 1740, below which it may continue to trade in downt rend in the

short run.

RESISTANCE 1800

SUPPORT 1740

STOCK R2 R1 PP S1 S2

www.capitalvia.com 17

WEEKLY

24th Jan to 28th Jan 2011

HEROHONDA 1830.1 1803.15 1781.75 1754.8 1733.4

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Technical Picture

Figure: 17 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

HINDALCO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   I

   N   D   A   L   C   O

Hindalco is in consolidation state. The stock is trading in a tight range of 220-241. So for

now no positions is looking lucrative and wait for proper breakout in it . RESISTANCE 241

SUPPORT 230

STOCK R2 R1 PP S1 S2

www.capitalvia.com 18

WEEKLY

24th Jan to 28th Jan 2011

HINDALCO 243.83 240.17 236.08 232.42 228.33

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Technical Picture

Figure: 18 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

HUL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   U   L

HUL since made high of 329.80, it is trading with the weak sentiments. The stock below the

support level of 295 may continue to trade in downtrend in the short run. RESISTANCE 306

SUPPORT 295

STOCK R2 R1 PP S1 S2

www.capitalvia.com 19

WEEKLY

24th Jan to 28th Jan 2011

HINDUNILVR 303.73 301.82 299.08 297.17 294.43

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Technical Picture

Figure: 19 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

ICICI BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   I   C   I   C   I   B   A   N   K

ICICI Bank has bounced back from the support level. The stock is looking good and has

strong closing too. So above the resistance level it may continue the uptrend in the coming

time.

RESISTANCE 1075

SUPPORT 1035

STOCK R2 R1 PP S1 S2

www.capitalvia.com 20

WEEKLY

24th Jan to 28th Jan 2011

WEEKLY

24th Jan to 28th Jan 2011

ICICIBANK 1101.22 1075.88 1041.17 1015.83 981.12

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Technical Picture

Figure: 20 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

IDFC   W   E   E   K   A   H   E   A   D

Weekly Pivots

   I   D   F   C

IDFC has bounced back from the support level of 150. The stock is now trading in sideways

trend with the positive bias and above the resistance level it may continue the upside

momentum in the short run.

RESISTANCE 161

SUPPORT 155

STOCK R2 R1 PP S1 S2

www.capitalvia.com 21

WEEKLY

24th Jan to 28th Jan 2011

IDFC 162.75 161.2 158.45 156.9 154.15

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Technical Picture

Figure: 21 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

INFOSYS TECHNOLOGIES   W   E   E   K   A   H   E   A   D

Weekly Pivots

   I   N   F   O   S

   Y   S   T   E   C   H   N   O   L   O   G   I   E   S

Infosys in today's trading session was moving in a downward trend it was up by 1.58 % . It is

now taking support at 3185 and resistance at 3336. It is looking bullish in the coming

trading session if it manages to trade above the resistance level of 3336 else below 3185 it

would be in a downward trend.

RESISTANCE 3336

SUPPORT 3185

STOCK R2 R1 PP S1 S2

www.capitalvia.com 22

WEEKLY

24th Jan to 28th Jan 2011

INFOSYSTCH 3363.1 3329.5 3273.8 3240.2 3184.5

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Technical Picture

Figure: 22 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

ITC   W   E   E   K   A   H   E   A   D

Weekly Pivots    I   T   C

ITC in today's trading session manages to trade and close below the 10 days and 50 days

moving averages it was down by 1.60 %. In order to be in an uptrend it has to t rade and

consolidate above the 10 days and 50 days moving averages. It has support at 164 below

this level it would be in a bearish trend else above 179 it would be in an upward trend.

RESISTANCE 179

SUPPORT 164

STOCK R2 R1 PP S1 S2

www.capitalvia.com 23

WEEKLY

24th Jan to 28th Jan 2011

ITC 177.98 174.82 172.73 169.57 167.48

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Technical Picture

Figure: 23 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

JAIPRAKASH ASSOCIATES   W   E   E   K   A   H   E   A   D

Weekly Pivots

   J   A   I   P   R   A

   K   A   S   H   A   S   S

   O   C   I   A   T   E   S

Jaiprakash Associates in today's trading session was moving sideways and in today's trading

session it was up by 0.05 % 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 95 else it has support at 88 below this level it would be in a bearish trend.

RESISTANCE 95

SUPPORT 88

STOCK R2 R1 PP S1 S2

www.capitalvia.com 24

WEEKLY

24th Jan to 28th Jan 2011

JPASSOCIAT 94.03 92.87 91.08 89.92 88.13

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Technical Picture

Figure: 24 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

JINDAL STEEL & POWER   W   E   E   K   A   H   E   A   D

Weekly Pivots

   J   I   N   D   A   L   S   T   E   E   L   &

   P   O   W   E   R

It is taking support at the level of 650, from the last few trading session it was moving

sideways in today's trading session it was down by 0.98 % form this level further upside

movement would be expected. One can go for long position in it at 710 above this level it

would be bullish in t rend else below 650 it would might face more selling pressure.

RESISTANCE 710

SUPPORT 650

STOCK R2 R1 PP S1 S2

www.capitalvia.com 25

WEEKLY

24th Jan to 28th Jan 2011

JINDALSTEL 728.08 717.42 699.23 688.57 670.38

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Technical Picture

Figure: 25 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

LARSEN AND TOUBRO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   L   A   R

   S   E   N   A   N   D

   T   O   U   B   R   O

L&T form the last few trading session continuously moving in a downward trend it is now

trading at 1649.45 from this level further downside side movement would be expected. It is

looking bearish in the coming trading session if it manages to trade and consolidate below

the support level of 1615 else above 1698 it would might be in a bullish trend.

RESISTANCE 1698

SUPPORT 1615

STOCK R2 R1 PP S1 S2

www.capitalvia.com 26

WEEKLY

24th Jan to 28th Jan 2011

LT 1683.78 1669.97 1655.53 1641.72 1627.28

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Technical Picture

Figure: 26 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

KOTAK MAHINDRA BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   K   O   T   A   K

   M   A   H   I   N   D   R

   A   B   A   N   K

Kotak Mahindra Bank after breaking the support level of 432 it is continuously moving

sideways in today's trading session it was down by 1.27 % . It is now taking support at 393

and resistance at 423. In order to be in an uptrend it has to trade and consolidate above the

10 days and 50 days moving averages. One can go for long position in it at 423 above this

level it would might be in an uptrend.

RESISTANCE 423

SUPPORT 393

STOCK R2 R1 PP S1 S2

www.capitalvia.com 27

WEEKLY

24th Jan to 28th Jan 2011

KOTAKBANK 429.37 424.13 415.77 410.53 402.17

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Technical Picture

Figure: 27 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

MAHINDRA & MAHINDRA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   M   A   H   I   N

   D   R   A   &   M   A

   H   I   N   D   R   A

It is taking support at 721 and resistance at 778. In today's trading session it manages to

close above the 10 days and 50 days moving averages and it was up by 1.30 % . It is looking

bullish in the coming t rading session one can go for long position in it at 778 else below 721

it would might be in a bearish trend.

RESISTANCE 778

SUPPORT 721

STOCK R2 R1 PP S1 S2

www.capitalvia.com 28

WEEKLY

24th Jan to 28th Jan 2011

M&M 773.1 766.7 758.35 751.95 743.6

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Technical Picture

Figure: 28 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

MARUTI SUZUKI INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   M   A   R   U   T   I   S   U   Z   U

   K   I   I   N   D   I   A

It is taking support at 1210 and resistance at 1285 from this level either side of movement

would be expected. One can go for long position in it at 1285 else it has support at 1210

below this level it would might be face more selling pressure.

RESISTANCE 1285

SUPPORT 1210

STOCK R2 R1 PP S1 S2

www.capitalvia.com 29

WEEKLY

24th Jan to 28th Jan 2011

MARUTI 1280.35 1269.8 1257.45 1246.9 1234.55

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Technical Picture

Figure: 29 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

NTPC   W   E   E   K   A   H   E   A   D

Weekly Pivots

   N   T   P   C

NTPC from the last few trading session was moving sideways from this level further upside

movement would be expected and it was up by 0.72 %. It is now taking support at 185 and

resistance at 193. One can go for long position in it at 193 else below 185 it would be

bearish.

RESISTANCE 193

SUPPORT 185

STOCK R2 R1 PP S1 S2

www.capitalvia.com 30

WEEKLY

24th Jan to 28th Jan 2011

NTPC 192.47 190.53 187.77 185.83 183.07

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Technical Picture

Figure: 30 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

ONGC   W   E   E   K   A   H   E   A   D

Weekly Pivots

   O   N   G   C

ONGC is looking weak strong on charts it is taking resistance at 1187 and support at 1060.

In today's trading session it manages to trade and close below the 10 days and 50 days

moving averages. It is looking bearish in the coming trading session one can go for short

position in it at 1060 else it has resistance at 1187 above this level it would might be in an

uptrend.

RESISTANCE 1187

SUPPORT 1060

STOCK R2 R1 PP S1 S2

www.capitalvia.com 31

WEEKLY

24th Jan to 28th Jan 2011

ONGC 1173.3 1153.8 1138 1118.5 1102.7

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Technical Picture

Figure: 31 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

POWER GRID CORPORATION OF INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   P   O   W   E

   R   G   R   I   D   C   O   R

   P   O   R   A   T   I   O   N   O   F   I   N   D   I   A

In today's trading session it was down by 0.05 % it is now taking resistance at 100 and

support at 94. It is looking positive in the coming t rading session if it manages to trade and

consolidate above the resistance level of 100 else it has support at 97 below this level it

would might face more selling pressure.

RESISTANCE 100

SUPPORT 97

STOCK R2 R1 PP S1 S2

www.capitalvia.com 32

WEEKLY

24th Jan to 28th Jan 2011

POWERGRID 100.3 99.6 98.3 97.6 96.3

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Technical Picture

Figure: 32 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

PUNJAB NATIONAL BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   P   U   N   J   A   B   N   A   T   I   O   N   A   L   B   A   N   K

PNB from the last few trading session was moving sideways in today's trading session it was

down by 1.41 % from this level further upside movement would be expected. It is taking

support at 1098 and resistance at 1166. Once can go for long position in it at 1166 else it has

support at level of 1098 below this level it would be in a downward trend.

RESISTANCE 1166

SUPPORT 1098

STOCK R2 R1 PP S1 S2

www.capitalvia.com 33

WEEKLY

24th Jan to 28th Jan 2011

PNB 1165.97 1153.68 1132.72 1120.43 1099.47

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Technical Picture

Figure: 33 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

RANBAXY   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R

   A   N   B   A   X   Y

In today's trading session it manages to trade and consolidate below the 10 days and 50

days moving averages and it was up by 0.68 % . It is looking bearish in the coming trading

session if it manages to trade below the support level of 551 else above 588 it would might

be in an uptrend.

RESISTANCE 588

SUPPORT 551

STOCK R2 R1 PP S1 S2

www.capitalvia.com 34

WEEKLY

24th Jan to 28th Jan 2011

RANBAXY 580.32 571.53 566.02 557.23 551.72

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Technical Picture

Figure: 34 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE CAPITAL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C   E

   C   A   P   I   T   A   L

Reliance capital was up by 0.24 % in today's trading session it was close below the 10 days

and 50 days moving averages from this level further downside movement would be

expected. One can go for short position in it at 566 else above 600 it would be in a bullish

trend.

RESISTANCE 600

SUPPORT 566

STOCK R2 R1 PP S1 S2

www.capitalvia.com 35

WEEKLY

24th Jan to 28th Jan 2011

RELCAPITAL 600.28 592.77 581.38 573.87 562.48

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Technical Picture

Figure: 35 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE COMMUNICATION   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C

   E   C   O   M   M   U   N

   I   C   A   T   I   O   N

Reliance communication is looking strong on charts in today's trading session it was up by

2.25 % from this level further down side movement would be expected. In order to be in an

uptrend it has to trade and consolidate above the 10 days and 50 days moving averages. It is

taking support at 127 below this level it would be in a bearish t rend else above resistance

level 137 it would be in an uptrend.

RESISTANCE 137

SUPPORT 127

STOCK R2 R1 PP S1 S2

www.capitalvia.com 36

WEEKLY

24th Jan to 28th Jan 2011

RCOM 138.67 136.03 131.92 129.28 125.17

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Technical Picture

Figure: 36 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE INDUSTRIES   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R

   E   L   I   A   N   C   E   I   N   D   U   S   T   R   I   E   S

It is taking resistance at 1008 and support at 952 in today's trading session it manage to

trade below the 10 days and 50 days moving averages and it was up by 1.75 % . It is looking

bearish in the coming trading session one can go for short position in at 952 else above 1008

it would might be in an uptrend.

RESISTANCE 1008

SUPPORT 952

STOCK R2 R1 PP S1 S2

www.capitalvia.com 37

WEEKLY

24th Jan to 28th Jan 2011

RELIANCE 990.38 980.12 967.33 957.07 944.28

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Technical Picture

Figure: 37 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE INFRAUSTRUCTURE   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C   E   I   N   F   R   A   U   S   T   R   U   C   T   U   R   E

Reliance Infra is looking weak on chart f rom this level further downside movement would be

expected. It is taking support at 696 and resistance at 772. Once can go for short position in

it at 696 below this it would might f ace more selling pressure.

RESISTANCE 772

SUPPORT 696

STOCK R2 R1 PP S1 S2

www.capitalvia.com 38

WEEKLY

24th Jan to 28th Jan 2011

RELINFRA 732.87 724.83 718.97 710.93 705.07

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Technical Picture

Figure: 38 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE POWER   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C   E   P   O   W   E   R

The stock had consolidation this week and had successfully taken support at lower levels and

moved in an up rally. One could go for buy on dip strategy in this stock. RESISTANCE 146

SUPPORT 133

STOCK R2 R1 PP S1 S2

www.capitalvia.com 39

WEEKLY

24th Jan to 28th Jan 2011

RPOWER 141.13 139.97 138.03 136.87 134.93

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Technical Picture

Figure: 39 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

SIEMENS   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   I   E   M   E   N   S

The stock is currently moving in a range. It faces next support at 712, breach of this level

may take the stock further southward else it may also bounce back from lower support

levels.

RESISTANCE 747

SUPPORT 712

STOCK R2 R1 PP S1 S2

www.capitalvia.com 40

WEEKLY

24th Jan to 28th Jan 2011

SIEMENS 749.85 742.35 730.3 722.8 710.75

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Technical Picture

Figure: 40 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

STERLITE   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   T   E   R   L   I   T   E

The stock is currently facing an either side movement. It faces next resistance at 187 while

support at 166. One has to wait for crossing of levels on either side before taking any

positions in it.

RESISTANCE 187

SUPPORT 166

STOCK R2 R1 PP S1 S2

www.capitalvia.com 41

WEEKLY

24th Jan to 28th Jan 2011

STER 184.77 182.73 179.77 177.73 174.77

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Technical Picture

Figure: 41 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

STATE BANK OF INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   T   A   T   E   B   A   N   K   O   F   I   N   D   I   A

The stock tried to take support at lower levels and had a bounce back in today's trading

session. It has support at 2460 while resistance at 2610. One could go for buying on dip

strategy in this stock.

RESISTANCE 2590

SUPPORT 2460

STOCK R2 R1 PP S1 S2

www.capitalvia.com 42

WEEKLY

24th Jan to 28th Jan 2011

SBIN 2596.28 2565.67 2514.38 2483.77 2432.48

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Technical Picture

Figure: 42 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

SAIL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   A   I   L

The stock is consolidating currently. It faces resistance at 172 while has support at 162, one

has to wait for crossing of levels on either side before taking any position in it. RESISTANCE 172

SUPPORT 162

STOCK R2 R1 PP S1 S2

www.capitalvia.com 43

WEEKLY

24th Jan to 28th Jan 2011

SAIL 172.05 170.2 167.9 166.05 163.75

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Technical Picture

Figure: 43 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

SUN PHARMACEUTICAL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   U   N   P   H   A   R   M   A   C

   E   U   T   I   C   A   L

Sun Pharma has bullish trend. The stock is trading in sideways trend. The stock holding

support at 460 above which if it sustains then it may continue to trade in uptrend in the

coming time.

RESISTANCE 495

SUPPORT 470

STOCK R2 R1 PP S1 S2

www.capitalvia.com 44

WEEKLY

24th Jan to 28th Jan 2011

SUNPHARMA 506.73 497.57 487.18 478.02 467.63

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Technical Picture

Figure: 44 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

SUZLON   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   U   Z   L   O   N

Suzlon has rallied from the support level of 46. The stock is looking good and a decisive

breakout above the resistance level may continue the uptrend in the coming t ime. RESISTANCE 54

SUPPORT 51

STOCK R2 R1 PP S1 S2

www.capitalvia.com 45

WEEKLY

24th Jan to 28th Jan 2011

SUZLON 53.22 52.53 51.82 51.13 50.42

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Technical Picture

Figure: 45 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

TCS   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   C   S

TCS has bullish trend. The stock made new 52 weeks high of 1220 in the today's session and

sustaining at the higher level too. So above the resistance level some more upside can be

seen in it.

RESISTANCE 1220

SUPPORT 1195

STOCK R2 R1 PP S1 S2

www.capitalvia.com 46

WEEKLY

24th Jan to 28th Jan 2011

TCS 1242.4 1227.3 1203.65 1188.55 1164.9

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Technical Picture

Figure: 46 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

TATA MOTOR   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   A   T   A

   M   O   T   O   R

Tata motors is trading in sideways trend. So no positions are looking lucrative in the short run

and one should wait for proper breakout in it . RESISTANCE 1210

SUPPORT 1160

STOCK R2 R1 PP S1 S2

www.capitalvia.com 47

WEEKLY

24th Jan to 28th Jan 2011

TATAMOTORS 1226.13 1210.42 1186.28 1170.57 1146.43

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Technical Picture

Figure: 47 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

TATA STEEL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   A

   T   A   S   T   E   E   L

Tata steel is looking weak in the short run and below the level of 625 it may show some

correction to the level of 610 in the coming time. RESISTANCE 635

SUPPORT 625

STOCK R2 R1 PP S1 S2

www.capitalvia.com 48

WEEKLY

24th Jan to 28th Jan 2011

TATASTEEL 648.67 641.43 636.02 628.78 623.37

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Technical Picture

Figure: 48 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

TATA POWER   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   A   T   A

   P   O   W   E   R

Tata power since made high of 1406, it is trading with the weak sentiments. The stock below

the support level may continue the downside momentum in the short run. RESISTANCE 1340

SUPPORT 1290

STOCK R2 R1 PP S1 S2

www.capitalvia.com 49

WEEKLY

24th Jan to 28th Jan 2011

TATAPOWER 1368.07 1349.88 1321.52 1303.33 1274.97

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Technical Picture

Figure: 49 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

SESA GOA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   E   S   A   G   O   A

The stock had an up rally after a good consolidation phase. It faces next resistance at 341;

crossing of this level may take the stock further up. One may go for buy on dip strategy in this

stock. A short term correction is expected in the stock.

RESISTANCE 341

SUPPORT 314

STOCK R2 R1 PP S1 S2

www.capitalvia.com 50

WEEKLY

24th Jan to 28th Jan 2011

SESAGOA 338.33 333.67 325.23 320.57 312.13

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Technical Picture

Figure: 50 : Nifty50 Graph

R ES EA R C H

TECHNICAL OVERVIEW

WIPRO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   W   I   P   R   O

Wipro has shown sharp downfall in the today's session. The stock is looking weak and

below the support level of 445 it may show some more down fall in the coming t ime. RESISTANCE 465

SUPPORT 445

STOCK R2 R1 PP S1 S2

www.capitalvia.com 51

WEEKLY

24th Jan to 28th Jan 2011

WIPRO 491.7 484.6 475.05 467.95 458.4

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R ES EA R C H

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WEEKLY

24th Jan to 28th Jan 2011