Nifty 50 Reports for the Week (14th - 18th February '11)

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Transcript of Nifty 50 Reports for the Week (14th - 18th February '11)

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    G LO BA L RESEA RCH LTD .

    WEEKLYWEEKLY

    STOCKS REPORTS14t h Feb - 18t h Feb 2011

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    14th Feb to 18th Feb 2011

    www.capitalvia.com

    R ES EA R C H

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    TECHNICAL OVERVIEW

    ACCWEEKAHEAD

    Weekly Pivots

    ACC

    The stock had an either side movement this week. It has resistance at 1000; crossing of this

    level may take the stock further upwards till the levels of 1030-1035 in coming trading

    sessions.

    RESISTANCE 1000

    SUPPORT 920

    STOCK R2 R1 PP S1 S2

    ACC 1016.97 996.13 968.07 947.23 919.17

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    Technical Picture

    Figure: 2 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    AMBUJA CEMENTWEEKAHEAD

    Weekly Pivots

    AMBHUJA

    CEMENT

    The stock had a tight range bound movement this week. It had a pull back from lower

    support levels. It has resistance at 122.20; crossing of this level may take the stock further

    upward else it may also take resistance at higher levels.

    RESISTANCE 122.20

    SUPPORT 110

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    AMBUJACEM 121.42 118.93 115.27 112.78 109.12

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    Technical Picture

    Figure: 3 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    AXISWEEKAHEAD

    Weekly Pivots

    AXIS

    The stock is currently consolidating. It has next support at 1215; breach of this level may

    continue the bearish trend for the stock while it faces resistance at 1267, crossing of this

    level may take up the stock. One has to wait for crossing of levels on either side.

    RESISTANCE 1243

    SUPPORT 1145

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    AXISBANK 1271.4 1246.55 1204.85 1180 1138.3

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    Technical Picture

    Figure: 4 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    BAJAJ AUTOWEEKAHEAD

    Weekly Pivots

    BAJAJAUTO

    The stock consolidated throughout this week and had an up rally in today's trading session.

    It faces next resistance at the level of 1275; crossing of this level may continue the uptrend of

    the stock. While it has support at 1190.

    RESISTANCE 1275

    SUPPORT 1190

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    BAJAJ-AUTO 1310.63 1283.27 1241.63 1214.27 1172.63

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    Technical Picture

    Figure: 5 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    BHELWEEKAHEAD

    Weekly Pivots

    BHEL

    The stock moved in a bearish trend this week. It has next support at the level of 1985; breach

    of this level may take the stock further southward. One should wait for some time in taking

    any positions in the stock as a short term recovery is expected in the stock after a

    continuously down rally.

    RESISTANCE 2117

    SUPPORT 1985

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    BHEL 2093.05 2064.5 2031.3 2002.75 1969.55

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    Technical Picture

    Figure: 6 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    BPCLWEEKAHEAD

    Weekly Pivots

    BPCL

    The stock has successfully taken resistance at higher levels and moved in a down rally and is

    consolidating near support levels from last a few trading sessions. It has next support at 565,

    breach of this level may continue its bearish t rend else it may also bounce back f rom lower

    support levels.

    RESISTANCE 602

    SUPPORT 545

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    BPCL 619.85 601.4 574.35 555.9 528.85

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    Technical Picture

    Figure: 7 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    BHARTI AIRTELWEEKAHEAD

    Weekly Pivots

    BHARTIAIRTEL

    The stock moved with negative biasness throughout this week. It has major support at 310

    and resistance at 337. One has to wait crossing of levels on either side. RESISTANCE 337

    SUPPORT 310

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    BHARTIARTL 327.23 323.07 318.53 314.37 309.83

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    Technical Picture

    Figure: 8 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    CIPLAWEEKAHEAD

    Weekly Pivots

    CIPLA

    The stock consolidated throughout this week with negative biasness. It managed to breach

    its major support level of 335 last week, it now has major support at 322, breach of this may

    continue the bearish trend for the stock else it may get bounce back from its lower support

    levels.

    RESISTANCE 323

    SUPPORT 300

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    CIPLA 317.08 314.12 310.53 307.57 303.98

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    Technical Picture

    Figure: 9 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    CAIRNWEEKAHEAD

    Weekly Pivots

    CAIRN

    The stock is facing a range bound movement from last many trading sessions. It has major

    support at 318.50, breach of this level may take the stock down till the levels of 313-310 else

    it may also bounce back f rom lower support levels.

    RESISTANCE 334

    SUPPORT 305

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    CAIRN 337.68 331.77 324.68 318.77 311.68

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    Technical Picture

    Figure: 10 : Nifty50 Graph

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    R ES EA R C H

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    TECHNICAL OVERVIEW

    DLFWEEKAHEAD

    Weekly Pivots

    DLF

    The stock had a steep pull back from lower levels and consolidated with positive biasness

    throughout this week. One could go for buying on dip strategy in this stock. It faces

    resistance at 250, crossing of this level may take the stock further upwards.

    RESISTANCE 250

    SUPPORT 224

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Feb to 18th Feb 2011

    DLF 254.28 250.97 245.58 242.27 236.88

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    Technical Picture

    Figure: 11 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    DR REDDYWEEKAHEAD

    Weekly Pivots

    DRREDDY

    Dr.Reddy is trading in sideways trend with the negative bias. The stock is looking weak and

    below the support level some more downside can be seen in it. RESISTANCE 1520

    SUPPORT 1475

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    DRREDDY 1534.68 1515.97 1498.13 1479.42 1461.58

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    Technical Picture

    Figure: 12 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    GAIL INDIAWEEKAHEAD

    Weekly Pivots

    DRREDDY

    GAIL India is trading in bearish trend. The stock hold the support of 420 and shown some

    recovery from there. The stock is now trading in the sideways trend and above the level of

    460 some more upside may be seen in it .

    RESISTANCE 460

    SUPPORT 440

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    GAIL 459.28 452.57 445.33 438.62 431.38

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    Technical Picture

    Figure: 13 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HCLWEEKAHEAD

    Weekly Pivots

    HCL

    HCL has crucial support level of 450 in the short run. The stock is trading with the positive

    bias and above the level of 480 it may show some more upside in the coming t ime. RESISTANCE 480

    SUPPORT 450

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    WEEKAHEAD

    HCLTECH 487.63 478.57 465.28 456.22 442.93

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    Technical Picture

    Figure: 14 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HDFC BANKWEEKAHEAD

    Weekly Pivots

    HDFCBANK

    HDFC Bank is consolidating at the level of 2000 from the last few trading sessions. So this

    will be the crucial support level moving forward for the stock. The stock is looking risky

    below the support level and it may show some correction in the coming time.

    RESISTANCE 2100

    SUPPORT 1980

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    WEEKAHEAD

    HDFCBANK 2103.1 2081.2 2038.1 2016.2 1973.1

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    Technical Picture

    Figure: 15 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HOUSING DEVELOPMENT FINANCEWEEKAHEAD

    Weekly Pivots

    HOUS

    INGDEVELOPMENTFINANCE

    Housing Development Finance after taken support at 580 showed some positive trend. The

    stock has positive closing at the week end and above the level of 635 it may show some more

    upside in the coming t ime.

    RESISTANCE 635

    SUPPORT 600

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    HDFC 644.32 633.73 615.47 604.88 586.62

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    Technical Picture

    Figure: 16 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HERO HONDAWEEKAHEAD

    Weekly Pivots

    HERO

    HONDA

    Hero Honda has bearish trend. The stock is trading near the crucial support level of 1400. It is

    now trading with the positive bias and if continue to sustain above the level then some

    recovery may be seen in it.

    RESISTANCE 1510

    SUPPORT 1400

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    HEROHONDA 1532.37 1500.93 1463.47 1432.03 1394.57

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    Technical Picture

    Figure: 17 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HINDALCOWEEKAHEAD

    Weekly Pivots

    HI

    NDALCO

    Hindalco has continued the correction rally in this week. The stock is trading with the

    negative bias and holding strong support at 200. So below the level of 200 some more

    downside may be seen in it.

    RESISTANCE 217

    SUPPORT 200

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    HINDALCO 225.22 218.08 209.82 202.68 194.42

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    Technical Picture

    Figure: 18 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HULWEEKAHEAD

    Weekly Pivots

    HUL

    HUL is in oscillating in the range of 267-285. The stock is not looking lucrative in the short

    run and waits for proper breakout in it. RESISTANCE 275

    SUPPORT 267

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    HINDUNILVR 276.52 272.83 270.67 266.98 264.82

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    Technical Picture

    Figure: 19 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    ICICI BANKWEEKAHEAD

    Weekly Pivots

    ICICIBANK

    ICICI Bank is holding support of 990 from the last few trading sessions. The stock is looking

    weak and below it some more correction can be seen in it. RESISTANCE 1010

    SUPPORT 960

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    WEEKLY

    14th Feb to 18th Feb 2011

    ICICIBANK 1036.75 1018.65 989.9 971.8 943.05

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    Technical Picture

    Figure: 20 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    IDFCWEEKAHEAD

    Weekly Pivots

    IDFC

    IDFC has healthy correction and the stock has shown some recovery in the last two sessions.

    The stock is trading with the positive bias and has strong closing. So above the level of 138 it

    may further continue the uptrend in the coming time.

    RESISTANCE 138

    SUPPORT 130

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    IDFC 141.8 138.55 132.7 129.45 123.6

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    Technical Picture

    Figure: 21 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    INFOSYS TECHNOLOGIESWEEKAHEAD

    Weekly Pivots

    INFOS

    YSTECHNOLOGIES

    Infosys in today's trading session was moving in a downward trend and it was down by 0.40

    %. It is now taking support at 3005 and resistance at 3168 form this level further downside

    movement would be expected. One can go for short position in it at 3040 below this level it

    might face more selling pressure.

    RESISTANCE 3114

    SUPPORT 3040

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    INFOSYSTCH 3091.65 3066.25 3043.3 3017.9 2994.95

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    Technical Picture

    Figure: 22 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    ITCWEEKAHEAD

    Weekly Pivots ITC

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

    averages it was down by 0.67 % . In order to be in an uptrend it has to trade and consolidate

    above the 10 days and 50 days moving averages. It has support at 151 below this level it

    would be in a bearish trend else above 155 it would be in an upward trend.

    RESISTANCE 155

    SUPPORT 151

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    ITC 158.5 156.8 155.4 153.7 152.3

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    Technical Picture

    Figure: 23 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    JAIPRAKASH ASSOCIATESWEEKAHEAD

    Weekly Pivots

    JAIPRA

    KASHASS

    OCIATES

    Jaiprakash Associates from the last two trading session was moving in a downward trend

    and in today's trading session it pulled back from the support level of 70 and it was up by

    7.41 % from this level further upside movement would be expected. It is looking bullish in

    the coming t rading session if it manages to t rade above the resistance level of 88 else it has

    support at 70 below this level it would be in a bearish trend.

    RESISTANCE 88

    SUPPORT 70

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    JPASSOCIAT 89.33 85.62 79.28 75.57 69.23

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    Technical Picture

    Figure: 24 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    JINDAL STEEL & POWERWEEKAHEAD

    Weekly Pivots

    JINDALSTEEL&

    POWER

    It is taking support at the level of 600, from the last few trading session it was moving in a

    downward trend in today's trading session it was up by 0.42 % . One can go for short

    position in it at 600 below this level it would be in a bearish trend else above 628 it would be

    in a bullish trend.

    RESISTANCE 628

    SUPPORT 600

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    JINDALSTEL 630.62 623.53 613.72 606.63 596.82

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    Technical Picture

    Figure: 25 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    LARSEN AND TOUBROWEEKAHEAD

    Weekly Pivots

    LAR

    SENAND

    TOUBRO

    L&T from the last few trading session was moving in a downward trend it is now trading at

    1570.05. It is looking bullish in the coming trading session if it manages to trade and

    consolidate above the resistance level of 1640 else below 1555 it would be in a bearish

    trend.

    RESISTANCE 1585

    SUPPORT 1461

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    LT 1613.63 1584.87 1539.93 1511.17 1466.23

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    Technical Picture

    Figure: 26 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    KOTAK MAHINDRA BANKWEEKAHEAD

    Weekly Pivots

    KOTAK

    MAHINDR

    ABANK

    Kotak Mahindra Bank in today's trading session moving in an uptrend and it was up by 4.16

    %. It is now taking support at 347 and resistance at 382.In today's trading session it

    manages to trade and close above the 10 days and 50 days moving averages form this level

    further upside movement would be expected. One can go for long position in it at 385 above

    this level it would be in a bullish trend.

    RESISTANCE 382

    SUPPORT 347

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    KOTAKBANK 398.7 388.4 372.2 361.9 345.7

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    Technical Picture

    Figure: 28 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    MARUTI SUZUKI INDIAWEEKAHEAD

    Weekly Pivots

    MARUTISUZU

    KIINDIA

    It is taking support at 1145 and resistance at 1201, after making a high of 1451.70 it is

    continuously moving in a downward trend. 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 1201 above this level it would be in an upward trend else it has support at 1145 below

    this level it would be in a downward trend.

    RESISTANCE 1201

    SUPPORT 1145

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    MARUTI 1212.85 1197.1 1171.05 1155.3 1129.25

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    Technical Picture

    Figure: 29 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    NTPCWEEKAHEAD

    Weekly Pivots

    NTPC

    NTPC in today's trading session manages to trade below the 10 days and 50 days moving

    averages, it was down by 2.93 %. It is looking bearish in the coming t rading session if it

    manages to trade below the support level of 175 else above 183 it would be bullish in trend.

    RESISTANCE 183

    SUPPORT 170

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    NTPC 183.58 180.22 175.38 172.02 167.18

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    Technical Picture

    Figure: 30 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    ONGCWEEKAHEAD

    Weekly Pivots

    ONGC

    ONGC is looking weak on charts in today's trading session it broke the support level of 272

    and made a low of 265 form this further down side movement would be expected. It is

    taking resistance at 283 and support at 265. One can go for short position in it if it manages

    to t rade below the support level of 265 else above 280 it would be in an upward trend.

    RESISTANCE 283

    SUPPORT 265

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    NTPC 183.58 180.22 175.38 172.02 167.18

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    Technical Picture

    Figure: 31 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    POWER GRID CORPORATION OF INDIAWEEKAHEAD

    Weekly Pivots

    POWE

    RGRIDCOR

    PORATIONOFINDIA

    ONGC is looking strong on charts it is taking resistance at 1234 and support at 1171 from

    this level further upside movement would be expected. It is looking bullish in the coming

    trading session if it manages to trade above the resistance level of 1234 else below 1171 it

    might face more selling pressure.

    RESISTANCE 98

    SUPPORT 94

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    POWERGRID 98.3 97.35 96.55 95.6 94.8

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    Technical Picture

    Figure: 32 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    PUNJAB NATIONAL BANKWEEKAHEAD

    Weekly Pivots

    PUNJABNATIONALBANK

    PNB is moving in a downward trend in today's trading session it was up by 5.08 % and made

    a high of 1038.45. In order to be in an upward trend it has to trade and consolidate above

    the 10 days and 50 days moving averages. It is looking positive in the coming trading session

    if it manages to trade and consolidate above the resistance level of 1039 else below 970 it

    would be in a bearish in trend.

    RESISTANCE 1039

    SUPPORT 978

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    PNB 1082.38 1058.17 1014.23 990.02 946.08

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    Technical Picture

    Figure: 33 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    RANBAXYWEEKAHEAD

    Weekly Pivots

    R

    ANBAXY

    Ranbaxy from the last 2-3 trading session moving sideways in today's trading sideways it

    was up by 0.74 %, a short pulled back from the support level made it to trade above the 500

    mark. It is now taking support at 473 and resistance at 508 forms this level further upside of

    movement would be expected. One can go for long position in it at 508 below this level it

    would be in an upward trend.

    RESISTANCE 508

    SUPPORT 473

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    RANBAXY 520.93 511.87 495.93 486.87 470.93

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    Technical Picture

    Figure: 34 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    RELIANCE CAPITALWEEKAHEAD

    Weekly Pivots

    RELIANCE

    CAPITAL

    Reliance capital is looking weak on charts from this level further downside movement would

    be expected. It is looking bearish below the support level of 388 else above 459 it would be

    in an upward trend.

    RESISTANCE 459

    SUPPORT 388

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 35

    WEEKLY

    14th Feb to 18th Feb 2011

    RELCAPITAL 454.82 441.73 421.92 408.83 389.02

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    Technical Picture

    Figure: 35 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    RELIANCE COMMUNICATIONWEEKAHEAD

    Weekly Pivots

    RELIANC

    ECOMMUN

    ICATION

    Reliance communication is looking weak on charts in today's trading session it was down by

    2.84 % from this level further downside 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 114 below this level it would be in a bearish t rend else above resistance

    level of 122 it would be in an uptrend.

    RESISTANCE 102

    SUPPORT 89

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 36

    WEEKLY

    14th Feb to 18th Feb 2011

    RCOM 104.62 100.88 95.32 91.58 86.02

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    Technical Picture

    Figure: 36 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    RELIANCE INDUSTRIESWEEKAHEAD

    Weekly Pivots

    R

    ELIANCEINDUSTRIES

    It is taking resistance at 914 and support at 885 in today's trading session it manage to trade

    and close below the 10 days and 50 days moving averages and it was up by 1.14 %. It is

    looking bearish in the coming trading session one can go for short position in at 885 else

    above 921 it would be in an upward trend.

    RESISTANCE 921

    SUPPORT 885

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 37

    WEEKLY

    14th Feb to 18th Feb 2011

    RELIANCE 931.28 920.62 904.33 893.67 877.38

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    Technical Picture

    Figure: 37 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    RELIANCE INFRAUSTRUCTUREWEEKAHEAD

    Weekly Pivots

    RELIANCEINFRAUSTRUCTURE

    Reliance Infra is looking weak on chart in today's trading session it was up by 5.44 % from

    this level either side of movement would be expected. It is taking support at 559 and

    resistance at 667. Once can go for short position in it at 559 below this it might face more

    selling pressure.

    RESISTANCE 667

    SUPPORT 559

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 38

    WEEKLY

    14th Feb to 18th Feb 2011

    RELINFRA 675.95 646.55 602.8 573.4 529.65

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    Technical Picture

    Figure: 38 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    RELIANCE POWERWEEKAHEAD

    Weekly Pivots

    RELIANCEPOWER

    The stock as mentioned earlier is moving in bearish trend. It had a sharp downfall this week

    and lost almost 11.20%. One has to wait in this stock for further movement. RESISTANCE 131

    SUPPORT 106

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 39

    WEEKLY

    14th Feb to 18th Feb 2011

    RPOWER 121.4 118.15 112.65 109.4 103.9

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    Technical Picture

    Figure: 40 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    STERLITEWEEKAHEAD

    Weekly Pivots

    STERLITE

    The stock is consolidating currently. It has resistance at 175; crossing of this level may take

    the stock upwards while it has major support at 152, breach of this level may take the stock

    further downward.

    RESISTANCE 175

    SUPPORT 152

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    STER 165.93 163.37 158.93 156.37 151.93

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    Technical Picture

    Figure: 41 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    STATE BANK OF INDIAWEEKAHEAD

    Weekly Pivots

    STATEBANKOFINDIA

    The stock had an either side movement this week. It managed to breach its support levels

    and made a low of 2476.35 and had a recovery of almost 98.50 points in today's trading

    session. It faces resistance at 2635 and has support at 2450. One should now wait for

    sometime in this stock.

    RESISTANCE 2625

    SUPPORT 2450

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 42

    WEEKLY

    14th Feb to 18th Feb 2011

    SBIN 2676.83 2634.72 2559.88 2517.77 2442.93

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    Technical Picture

    Figure: 42 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    SAILWEEKAHEAD

    Weekly Pivots

    SAIL

    The stock is currently moving in sideways trend. It has resistance at 166 while support at 150.

    One has to wait for crossing of levels on either side before taking any positions in the stock. RESISTANCE 166

    SUPPORT 150

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    SAIL 169.35 164.8 158.65 154.1 147.95

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    Technical Picture

    Figure: 43 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    SUN PHARMACEUTICALWEEKAHEAD

    Weekly Pivots

    SUNPHARMAC

    EUTICAL

    Sun Pharma has positive closing in this week. The stock has continued to trade with the

    positive bias and has strong closing. So above the resistance level it may further continue the

    uptrend in the short run.

    RESISTANCE 425

    SUPPORT 405

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 44

    WEEKLY

    14th Feb to 18th Feb 2011

    SUNPHARMA 428.25 423.25 418.25 413.25 408.25

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    Technical Picture

    Figure: 44 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    SUZLONWEEKAHEAD

    Weekly Pivots

    SUZLON

    Suzlon is holding the support of 42.75 from the last few trading sessions. The stock has

    shown some recovery in the last two sessions and if it manages to cross the resistance level of

    46.50 then some more recovery can be there.

    RESISTANCE 46.50

    SUPPORT 43.50

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    SUZLON 47.58 46.67 45.08 44.17 42.58

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    Technical Picture

    Figure: 45 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    TCSWEEKAHEAD

    Weekly Pivots

    TCS

    TCS has continued to trade with the weak trend. The stock has weak closing and below the

    support level of 1055 some more downside can be seen in it . RESISTANCE 1115

    SUPPORT 1055

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    TCS 1131.53 1110.57 1083.23 1062.27 1034.93

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    Technical Picture

    Figure: 46 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    TATA MOTORWEEKAHEAD

    Weekly Pivots

    TATA

    MOTOR

    Tata motor has closed with the gain in this week. The stock has double bot tom pattern in it

    and a decisive breakout above the level of 1210 may continue the uptrend in the coming

    time.

    RESISTANCE 1210

    SUPPORT 1100

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    TATAMOTORS 1208.4 1175.55 1137.15 1104.3 1065.9

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    Technical Picture

    Figure: 47 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    TATA STEELWEEKAHEAD

    Weekly Pivots

    TA

    TASTEEL

    Tata steel has correction rally in this week. The stock has shown some recovery in the last two

    sessions. The stock has important resistance level of 605 in the short run above which if it

    sustains then some more upside movements may be there.

    RESISTANCE 605

    SUPPORT 575

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    TATASTEEL 618.9 607.1 591.1 579.3 563.3

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    Technical Picture

    Figure: 48 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    TATA POWERWEEKAHEAD

    Weekly Pivots

    TATA

    POWER

    Tata power has bearish trend. The stock is now consolidating and trading in a range of 1160-

    1250. So for now no position is looking lucrative and waits for proper breakout in it. RESISTANCE 1220

    SUPPORT 1170

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Feb to 18th Feb 2011

    TATASTEEL 618.9 607.1 591.1 579.3 563.3

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    Technical Picture

    Figure: 50 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    WIPROWEEKAHEAD

    Weekly Pivots

    WIPRO

    Wipro has bearish trend. The stock has weak opening but recover more than 80% of its

    losses. So the stock is looking good and above the level of 425 it may show some more

    upside in the coming t ime.

    RESISTANCE 425

    SUPPORT 405

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 51

    WEEKLY

    14th Feb to 18th Feb 2011

    WIPRO 433.08 426.67 417.08 410.67 401.08

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    R ES EA R C H

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    WEEKLY

    14th Feb to 18th Feb 2011