Nifty 50 Reports for the Week (21st -25th March - 2011)

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Transcript of Nifty 50 Reports for the Week (21st -25th March - 2011)

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

    WEEKLYWEEKLY

    STOCKS REPORTS21st Mar - 25th Mar 2011

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    ACCWEEKAHEAD

    Weekly Pivots

    ACC

    The stock consolidated with positive biasness throughout this week. One could go for

    buying on dip strategy in the stock as it is expected to continue its bullish trend after a short

    term correction in coming trading sessions.

    RESISTANCE 1047

    SUPPORT 1000

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 2

    WEEKLY

    14th Mar to 18th Mar 2011

    ACC 10 40.5 10 30.8 10 24.3 10 14.6 10 08.1

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    Technical Picture

    Figure: 2 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    AMBUJA CEMENTWEEKAHEAD

    Weekly Pivots

    AMBHUJACEMENT

    The stock continued to move in an up rally after crossing its resistance this week. It today

    made a high of 134. One should now wait for further movement in this stock as a short term

    correction is expected. It has next major resistance at 134.50.

    RESISTANCE 134.50

    SUPPORT 124.50

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    AMBUJACEM 13 5.78 134.12 132.58 130.92 129.38

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    Technical Picture

    Figure: 3 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    AXISWEEKAHEAD

    Weekly Pivots

    AXIS

    The stock had a correction in today's trading session after a continuous up rally earlier this

    week. It faces next resistance at 1330; crossing of this level will take the stock further up. RESISTANCE 1330

    SUPPORT 1265

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    AXISBANK 1315.67 1292.43 1276.77 1253.53 1237.87

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    Technical Picture

    Figure: 4 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    BAJAJ AUTOWEEKAHEAD

    Weekly Pivots

    BAJAJAUTO

    The stock had a steep pull back from its support levels and moved in an up rally but is

    currently moving in a range. One could go for buying on dip strategy until it crosses the level

    of 1335 in downside as it is expected to continue its bullish trend.

    RESISTANCE 1425

    SUPPORT 1335

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    BAJAJ-AUTO 1399.45 1378.9 1364.45 1343.9 1329.45

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    Technical Picture

    Figure: 5 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    BHELWEEKAHEAD

    Weekly Pivots

    BHEL

    The stock had a steep pull back from lower support level and made a high of 1168.80 in

    today's trading session. If it manages to cross its level of 1995 in upside it may continue its

    bullish trend.

    RESISTANCE 1995

    SUPPORT 1905

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    BHEL 1999.63 1960.57 1936.93 1897.87 1874.23

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    Technical Picture

    Figure: 6 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    BPCLWEEKAHEAD

    Weekly Pivots

    BPCL

    The stock has successfully taken support at lower levels and moved in an uptrend this week.

    One could go for buying on dip strategy in the stock till it breaches the level of 550 in

    downside as it is expected to continue its bullish trend.

    RESISTANCE 590

    SUPPORT 550

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    BHEL 1999.63 196 0.57 1936.93 189 7.87 187 4.23

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    Technical Picture

    Figure: 7 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    BHARTI AIRTELWEEKAHEAD

    Weekly Pivots

    BHART

    IAIRTEL

    The stock is currently facing consolidation phase. It faces resistance at 325 while support at

    301. One has to wait for crossing of levels on either side before taking any positions in it. RESISTANCE 325

    SUPPORT 301

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    BHARTIARTL 326.28 322.47 319.98 316.17 313.68

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    Technical Picture

    Figure: 8 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    CIPLAWEEKAHEAD

    Weekly Pivots

    CIPLA

    The stock continued its consolidation in today's trading session as well. It has resistance at

    303 while support at 285. One has to wait for crossing of levels on either side before taking

    any positions in it.

    RESISTANCE 303

    SUPPORT 291

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    CIPLA 30 6.98 30 0.02 29 4.88 287.92 282.78

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    Technical Picture

    Figure: 9 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    CAIRNWEEKAHEAD

    Weekly Pivots

    CAIRN

    The stock is currently consolidating with positive biasness. One could go for buying on dip

    strategy in the stock till it breaches the level of 335 in downside as it is expected to move in

    an uptrend in coming trading sessions.

    RESISTANCE 359

    SUPPORT 335

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    CAIRN 35 3.45 3 49.7 347.35 3 43.6 341.25

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    Technical Picture

    Figure: 10 : Nifty50 Graph

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    R E S E A R C H

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    TECHNICAL OVERVIEW

    DLFWEEKAHEAD

    Weekly Pivots DLF

    The stock is being consolidating after a fall previously. It has next resistance at 233; crossing

    of this level may take the stock further up while it has support at 218.50, breach of this level

    may take the stock down.

    RESISTANCE 233

    SUPPORT 218.50

    STOCK R2 R1 PP S1 S2

    WEEKLY

    14th Mar to 18th Mar 2011

    DLF 226.48 22 3.22 221.13 217.87 21 5.78

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    Technical Picture

    Figure: 11 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    DR REDDYWEEKAHEAD

    Weekly Pivots

    DRREDDY

    Dr.Reddy Lab. has closed with the losses on WoW basis. The stock has weak closing and near

    the support level of 1475. So below this level selling pressure may continue in the coming

    time.

    RESISTANCE 1545

    SUPPORT 1475

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    DRREDDY 1564.58 1529.17 1509.58 1474.17 1454.58

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    Technical Picture

    Figure: 12 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    GAIL INDIAWEEKAHEAD

    Weekly Pivots

    DRREDDY

    GAIL India has closed with the moderate gains on WoW basis. The stock witnessed profit

    booking in the last trading session of the week and if sustained below the level of 440 then

    some more downside may be seen in it.

    RESISTANCE 456

    SUPPORT 440

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    GAIL 4 59.1 453.5 449.4 443.8 439.7

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    Technical Picture

    Figure: 13 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HCLWEEKAHEAD

    Weekly Pivots

    HCL

    HCL is oscillating in the range of 445-475 from the last few trading sessions. The stock has

    closed on weaker notes and trading with the negative bias. So below the level of 445 some

    downtrend may be seen in it.

    RESISTANCE 465

    SUPPORT 450

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    WEEKAHEAD

    14th Mar to 18th Mar 2011

    HCLTECH 471.47 460.88 453.22 442.63 434.97

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    Technical Picture

    Figure: 14 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HDFC BANKWEEKAHEAD

    Weekly Pivots

    HDFCBANK

    HDFC Bank is consolidating in a tight range of 2130-2245. So buying on dip will be good

    strategy in the stock till it's sustained above the support level of 2130. RESISTANCE 2245

    SUPPORT 2130

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    WEEKAHEAD

    14th Mar to 18th Mar 2011

    HDFCBANK 2216.63 2182.97 2162.53 2128.87 2108.43

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    Technical Picture

    Figure: 15 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HOUSING DEVELOPMENT FINANCEWEEKAHEAD

    Weekly Pivots

    HOUS

    INGDEVELOPMENTFINANCE

    Housing Development Finance has downside breakout and it was now closed below the

    support level. So below the level of 610 it may show some more downside in the coming

    trading sessions.

    RESISTANCE 645

    SUPPORT 610

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 16

    WEEKLY

    14th Mar to 18th Mar 2011

    HDFC 6 52.8 63 6.55 62 6.95 6 10.7 6 01.1

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    Technical Picture

    Figure: 17 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HINDALCOWEEKAHEAD

    Weekly Pivots

    HI

    NDALCO

    Hindalco is trading in the bearish trend. The stock is looking weak and below the support

    level of 194 it may continue to trade in downtrend in the coming trading sessions. RESISTANCE 203

    SUPPORT 194

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    HINDALCO 203.73 20 0.27 19 8.18 194.72 19 2.63

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    Technical Picture

    Figure: 18 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HULWEEKAHEAD

    Weekly Pivots

    HUL

    HUL is north bound. The stocks hold crucial support of 272 in the short run and if this level is

    breached then some more correction may be seen in it in the coming time. RESISTANCE 275

    SUPPORT 267

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    HINDUNILVR 274.07 27 1.53 269.57 267.03 26 5.07

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    Technical Picture

    Figure: 20 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    IDFCWEEKAHEAD

    Weekly Pivots

    IDFC

    IDFC remains quite and trading in a narrow range. The stock is holding support of 140 from

    the last few trading sessions. So if it continues to hold the support level then above the level

    of 148 some uptrend may be seen in it. The stock is looking risky below the level of 140.

    RESISTANCE 148

    SUPPORT 140

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    IDFC 147.77 14 5.63 144.17 142.03 14 0.57

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    Technical Picture

    Figure: 21 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    INFOSYS TECHNOLOGIESWEEKAHEAD

    Weekly Pivots

    INFOS

    YSTECHNOLOGIES

    Infosys in today's trading session was moving in a downward trend, a gap down opening

    mad it to trade and close below the 10 days and 50 days moving averages. It is now taking

    resistance at 3000 above this level it would be in an upward trend. One can go for short

    position in it at 2930 below this level it would be in a downward trend.

    RESISTANCE 3000

    SUPPORT 2930

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    INFOSYSTCH 3018.37 2979.73 2956.17 2917.53 2893.97

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    Technical Picture

    Figure: 22 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    ITCWEEKAHEAD

    Weekly Pivots ITC

    ITC has found support at 165 and resistance 173, from the last few trading it is moving in a

    downward trend and it is now trading at 167.95, from this level further downside of

    movement would be expected. It has support at 165 below this level it would be in

    downward trend.

    RESISTANCE 173

    SUPPORT 165

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    ITC 172.05 170 1 67.8 165.75 163.55

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    Technical Picture

    Figure: 23 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    JAIPRAKASH ASSOCIATESWEEKAHEAD

    Weekly Pivots

    JAIPRA

    KASHASS

    OCIATES

    In today's trading session it was down by 0.42 %, from this level further downside

    movement would be expected. It is looking bearish in the coming trading session if it

    manages to trade below the support level of 80 else above the resistance level of 83 it would

    be in an upward trend.

    RESISTANCE 83

    SUPPORT 80

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 24

    WEEKLY

    14th Mar to 18th Mar 2011

    JPASSOCIAT 84.43 83.37 8 2.43 8 1.37 80.43

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    Technical Picture

    Figure: 24 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    JINDAL STEEL & POWERWEEKAHEAD

    Weekly Pivots

    JINDALSTEEL&

    POWER

    Jindal Steel & Power found support at 642 which served as a strong support level. In today's

    trading session it has manages to trade and close below the 10 days and 50 days moving

    averages. It has support at 642 below this level it would be in a bearish trend else above 675

    it would be bullish in trend.

    RESISTANCE 662

    SUPPORT 636

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    JINDALSTEL 665.7 657.75 652.05 6 44.1 6 38.4

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    Technical Picture

    Figure: 25 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    LARSEN AND TOUBROWEEKAHEAD

    Weekly Pivots

    LAR

    SENAND

    TOUBRO

    From the last few trading session it is moving sideways and trading in a particular range of

    1530-1600. It is taking support at 1518 and resistance at 1572. It is looking weak on charts

    from this level further downside movement would be expected. One can go for short

    position in it at 1518 below this level it might be in a downward trend.

    RESISTANCE 1565

    SUPPORT 1505

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    LT 1550.87 1533.53 1521.77 1504.43 1492.67

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    Technical Picture

    Figure: 26 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    KOTAK MAHINDRA BANKWEEKAHEAD

    Weekly Pivots

    KOTAK

    MAHINDR

    ABANK

    Kotak Mahindra Bank from the last few trading session moving in a particular price range of

    410-440. It manages to trade and close above the 10 days and 50 days moving averages,

    from this level further up side of movement would be expected. In coming trading session it

    manages to trade and sustain above the resistance level 437 it would be in an upward trend.

    RESISTANCE 437

    SUPPORT 410

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    KOTAKBANK 43 8.05 430.35 4 25.2 4 17.5 412.35

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    Technical Picture

    Figure: 27 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    MAHINDRA & MAHINDRAWEEKAHEAD

    Weekly Pivots

    MAHIN

    DRA&MA

    HINDRA

    M&M in today's trading session found the support at 619 and resistance at 668.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 bearish in the coming trading session if it manages to trade below the

    support level of 651 else above 668 it would be in an upward trend.

    RESISTANCE 668

    SUPPORT 651

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    M&M 6 77.9 654.5 639.55 616.15 601.2

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    Technical Picture

    Figure: 28 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    MARUTI SUZUKI INDIAWEEKAHEAD

    Weekly Pivots

    MARUTISUZU

    KIINDIA

    Maruti in today's trading session manages to close near to the support level of 1240; from

    this level further downside of movement would be expected. It is now trading at

    1250.85.One can go for short position in it at 1240 below this level it might test the next

    support level of 1240.

    RESISTANCE 1200

    SUPPORT 1145

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    MARUTI 1222 1189.1 1168.1 1135.2 1114.2

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    Technical Picture

    Figure: 29 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    NTPCWEEKAHEAD

    Weekly Pivots

    NTPC

    After making a high of 183.70 it is continuously moving in a downward trend, it is now

    trading at 174.25. 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 weak on charts; one can go for short

    position in it at 173 below this level it would be in a downtrend trend.

    RESISTANCE 179

    SUPPORT 173

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    NTPC 17 8.32 176.28 174.97 172.93 171.62

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    Technical Picture

    Figure: 30 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    ONGCWEEKAHEAD

    Weekly Pivots

    ONGC

    In today's trading session it battered down to 268.10, from this level further downside

    movement would be expected. It is taking support at 266 and resistance at 277.One can go

    for short position in it at 266 for the target of 260.

    RESISTANCE 277

    SUPPORT 266

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    ONGC 279.18 274.67 271.38 266.87 263.58

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    Technical Picture

    Figure: 31 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    POWER GRID CORPORATION OF INDIAWEEKAHEAD

    Weekly Pivots

    POWE

    RGRIDCOR

    PORATIONOFINDIA

    Power Grid form the last trading session moving sideways and it is now trading at 97.95. It

    made a smart recovery from the support level of 97 and made a high of 99.10; form this level

    further upside movement would be expected. One can go for long position in it at 100 for

    the target of 104.

    RESISTANCE 100

    SUPPORT 97

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    POWERGRID 99.58 98.77 98.18 97.37 96.78

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    Technical Picture

    Figure: 32 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    PUNJAB NATIONAL BANKWEEKAHEAD

    Weekly Pivots

    PUNJABNATIONALBANK

    After making a low of 1037.90 it is continuously moving in an upward trend, it is now

    trading at 1089.05 and it was down by 0.80 %. It has resistance at 1111 and support at

    1080. It is looking bullish in the coming trading session if it manages to trade above the

    resistance level of 1111 above this level it would be in a bullish trend.

    RESISTANCE 1111

    SUPPORT 1080

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    PNB 1116.22 1102.63 1092.32 1078.73 1068.42

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    Technical Picture

    Figure: 33 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RANBAXYWEEKAHEAD

    Weekly Pivots

    R

    ANBAXY

    Ranbaxy battered down to 428.75 which served as a major support level, it now moving in

    an upward trend. It is looking strong on charts from this level further upside movement

    would be expected, above 476 it would be in an upward trend.

    RESISTANCE 476

    SUPPORT 461

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    RANBAXY 48 0.42 47 4.63 46 9.82 464.03 459.22

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    Technical Picture

    Figure: 35 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE COMMUNICATIONWEEKAHEAD

    Weekly Pivots

    RELIANC

    ECOMMUN

    ICATION

    After making a low of 84.25 it is continuously moving in an upward trend, in today's trading

    session it made a high of 108.25 and manages to trade and close above the 10 days moving

    averages. It is looking strong on charts; if it breaks the resistance level of 110 it would be in a

    bullish trend else it has support at 101. One can go for long position in it for the target of

    120.

    RESISTANCE 110

    SUPPORT 101

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    RCOM 10 9.93 10 7.27 10 5.58 10 2.92 10 1.23

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    Technical Picture

    Figure: 36 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE INDUSTRIESWEEKAHEAD

    Weekly Pivots

    R

    ELIANCEINDUSTRIES

    It is taking resistance at 1035 and support at 985. It is looking bearish in the coming trading

    session, one can go for short position in at 985 else above 1035 it would be in an upward

    trend.

    RESISTANCE 1035

    SUPPORT 985

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 37

    WEEKLY

    14th Mar to 18th Mar 2011

    RELIANCE 1053.27 1023.13 1004.87 97 4.73 95 6.47

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    Technical Picture

    Figure: 37 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE INFRAUSTRUCTUREWEEKAHEAD

    Weekly Pivots

    RELIANCEINFRAUSTRUCTURE

    It is now taking support at 585 and resistance at 680.It is looking strong on chart in today's

    trading session it was down by 3.19 % from this level further downside of movement would

    be expected. Once can go for short position in it at 585 below this level it might be in a

    bearish trend.

    RESISTANCE 680

    SUPPORT 585

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 38

    WEEKLY

    14th Mar to 18th Mar 2011

    RELINFRA 6 77.5 6 52.6 638.65 613.75 5 99.8

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    Technical Picture

    Figure: 38 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE POWERWEEKAHEAD

    Weekly Pivots

    RELIANCEPOWER

    The stock is moving in a bullish trend currently. One could hold the long positions in the stock

    till it breaches the level of 119 in downside as it is expected to continue its bullish trend. RESISTANCE 131

    SUPPORT 119

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 39

    WEEKLY

    14th Mar to 18th Mar 2011

    RPOWER 12 8.35 124.85 122.75 119.25 117.15

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    Technical Picture

    Figure: 39 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SIEMENSWEEKAHEAD

    Weekly Pivots

    SIEMENS

    The stock is consolidating at higher levels currently. One should wait for crossing of levels on

    either side before taking any positions in the stock. RESISTANCE 885

    SUPPORT 864

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 40

    WEEKLY

    14th Mar to 18th Mar 2011

    RPOWER 12 8.35 12 4.85 12 2.75 11 9.25 11 7.15

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    Technical Picture

    Figure: 40 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    STERLITEWEEKAHEAD

    Weekly Pivots

    STERLITE

    The stock continued to consolidate in today's trading session as well. One could go for sell

    on rise strategy in the stock until it crosses the level of 163.50 in upside as it may have a

    downward trend after breaching its support level.

    RESISTANCE 163.50

    SUPPORT 158

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 41

    WEEKLY

    14th Mar to 18th Mar 2011

    STER 16 3.12 160.73 15 9.37 156.98 15 5.62

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    Technical Picture

    Figure: 41 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    STATE BANK OF INDIAWEEKAHEAD

    Weekly Pivots

    STATEBANKOFINDIA

    The stock has tried to take support at lower levels and is now moving in an up rally. It has next

    resistance at 2665; crossing of this level may continue its bullish trend. One could go for

    buying on dip strategy in the stock.

    RESISTANCE 2665

    SUPPORT 2555

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 42

    WEEKLY

    14th Mar to 18th Mar 2011

    SBIN 266 6.08 262 8.17 260 4.08 2566.17 2542.08

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    Technical Picture

    Figure: 42 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SAILWEEKAHEAD

    Weekly Pivots

    SAIL

    The stock had a sideways trend in today's trading session. It has next resistance at 162.20;

    crossing of this will take the stock further upwards. One could hold the long positions in the

    stock as it is expected to continue its bullish trend.

    RESISTANCE 162.20

    SUPPORT 155

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 43

    WEEKLY

    14th Mar to 18th Mar 2011

    SAIL 16 5.82 16 1.18 15 8.12 15 3.48 15 0.42

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    Technical Picture

    Figure: 43 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SUN PHARMACEUTICALWEEKAHEAD

    Weekly Pivots

    SUNPHARMAC

    EUTICAL

    Sun Pharma closed with the stronger gains on WoW basis. The stock is sustaining at the

    higher level and if continue to hold the support level of 425 then above the level of 445 some

    more upside may be seen in it.

    RESISTANCE 445

    SUPPORT 425

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 44

    WEEKLY

    14th Mar to 18th Mar 2011

    SUNPHARMA 4 43.9 4 39.3 4 34.9 4 30.3 4 25.9

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    Technical Picture

    Figure: 44 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SUZLONWEEKAHEAD

    Weekly Pivots

    SUZLON

    Suzlon is south bound. The stock is looking bearish and closed on weaker notes. So below

    the support level of 44 some more correction can be seen in it. RESISTANCE 46.50

    SUPPORT 44

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 45

    WEEKLY

    14th Mar to 18th Mar 2011

    SUZLON 4 6.78 4 6.07 45.58 4 4.87 4 4.38

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    Technical Picture

    Figure: 45 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TCSWEEKAHEAD

    Weekly Pivots

    TCS

    TCS is trading in board range of 1050-1165. So buying on dip will be good strategy in the

    stock till it holds the support level of 1050. RESISTANCE 1110

    SUPPORT 1050

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 46

    WEEKLY

    14th Mar to 18th Mar 2011

    TCS 1122.18 1102.47 1089.28 1069.57 1056.38

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    Technical Picture

    Figure: 46 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TATA MOTORWEEKAHEAD

    Weekly Pivots

    TATA

    MOTOR

    Tata power has closed with the moderate gains on WoW basis. The stock is now trading with

    the positive bias and looking strong. So above the resistance level of 1255 it may show some

    more uptrend in the coming trading sessions.

    RESISTANCE 1255

    SUPPORT 1215

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 47

    WEEKLY

    14th Mar to 18th Mar 2011

    TATAMOTORS 1167.82 1142.63 1127.82 1102.63 1087.82

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    Technical Picture

    Figure: 47 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TATA STEELWEEKAHEAD

    Weekly Pivots

    TA

    TASTEEL

    Tata steel is north bound. The stock is looking weak and closed near the support level of 575.

    So below which some more correction can be seen in it. RESISTANCE 610

    SUPPORT 585

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    14th Mar to 18th Mar 2011

    TATAPOWER 1250.88 1239.67 122 8.78 1217.57 120 6.68

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    Technical Picture

    Figure: 48 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TATA POWERWEEKAHEAD

    Weekly Pivots

    TATA

    POWER

    Tata power has closed with the moderate gains on WoW basis. The stock is now trading with

    the positive bias and looking strong. So above the resistance level of 1255 it may show some

    more uptrend in the coming trading sessions.

    RESISTANCE 1225

    SUPPORT 1215

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 49

    WEEKLY

    14th Mar to 18th Mar 2011

    TATAPOWER 125 0.88 1239.67 122 8.78 1217.57 1206.68

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    Technical Picture

    Figure: 49 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SESA GOAWEEKAHEAD

    Weekly Pivots

    SESAGOA

    The stock tried to recover from lower support levels last week and is consolidating currently.

    One has to wait for crossing of levels on either side before taking any positions in it. RESISTANCE 273

    SUPPORT 256.50

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 50

    WEEKLY

    14th Mar to 18th Mar 2011

    SESAGOA 26 7.38 263.57 261.08 257.27 254.78

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    Technical Picture

    Figure: 50 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    WIPROWEEKAHEAD

    Weekly Pivots

    WIPRO

    Wipro is in correction phase on part of profit booking. The stock has immediate support level

    of 432 below which if it sustains then it may show some more correction in the coming

    trading sessions.

    RESISTANCE 450

    SUPPORT 432

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 51

    WEEKLY

    14th Mar to 18th Mar 2011

    WIPRO 45 2.07 44 5.98 44 0.22 43 4.13 42 8.37

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    R E S E A R C H

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    WEEKLY

    14th Mar to 18th Mar 2011