Nifty 50 Reports for the Week (10th - 14th January - 2011)

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Transcript of Nifty 50 Reports for the Week (10th - 14th January - 2011)

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    G LO BA L RESEA RCH LTD .

    WEEKLYWEEKLY

    STOCKS REPORTS10t h Jan - 14t h Jan 2011

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    10th Jan to 14th Jan 2011

    www.capitalvia.com

    R ES EA R C H

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    TECHNICAL OVERVIEW

    ACCWEEKAHEAD

    Weekly Pivots

    ACC

    The stock moved in a down rally throughout this week and lost up to 6.80% in this week.it

    faces next major support at 968, breach of this level may take the stock further downward. RESISTANCE 1090

    SUPPORT 968

    STOCK R2 R1 PP S1 S2

    ACC 1043.27 1022.78 1006.42 985.93 969.57

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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 breached its several support levels after a long consolidation phase. It moved in a

    down rally. A short term recovery is expected in the stock. It faces next support at 123. RESISTANCE 140

    SUPPORT 123

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    AMBUJACEM 137.45 133.15 130.2 125.9 122.95

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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 had successfully tried to take resistance at higher levels and then moved in

    downward trend this week. One could hold the short positions in the stock as it is expected

    to move till the levels of 1245 in near term.

    RESISTANCE 1320

    SUPPORT 1245

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    AXISBANK 1318.08 1299.37 1281.63 1262.92 1245.18

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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 is amongst the highest loser this week. It had a continuous downfall and lost up to

    14.57% this week. It is expected to continue its bearish trend and faces next support at

    1300.

    RESISTANCE 1435

    SUPPORT 1300

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    BAJAJ-AUTO 1373.53 1345.07 1323.53 1295.07 1273.53

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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 continued to consolidate this week as well. It faces resistance at 2365 while

    support at 2255. One has to wait for crossing of levels on either side. RESISTANCE 2380

    SUPPORT 2250

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    BHEL 2324.03 2307.07 2293.03 2276.07 2262.03

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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

    This stock also had downward movement after breaching its support levels this week. It now

    faces next support at 605. Breach of this level may take the stock further downward else it

    may also bounce back f rom lower support levels

    RESISTANCE 665

    SUPPORT 605

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    BPCL 632.32 624.63 619.82 612.13 607.32

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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 was negatively biased throughout this week and had downward movement in last

    trading session of the week. It faces next support at 330. One could go for sell on rise

    strategy for this stock until it crosses 355 in upside.

    RESISTANCE 355

    SUPPORT 330

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    BHARTIARTL 362.97 350.73 342.57 330.33 322.17

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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 had either side movement this week. It faces support at 347 while resistance at

    382. One has to wait for crossing of levels on either side. RESISTANCE 382

    SUPPORT 347

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    CIPLA 376.77 366.88 360.07 350.18 343.37

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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 positively biased and consolidated this week. It has resistance at 346; crossing of

    this level may take the stock till t he levels of 355 in near run while it has support at 335. One

    could go for buy on dips strategy for this stock.

    RESISTANCE 346

    SUPPORT 335

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    CAIRN 348.28 344.22 340.93 336.87 333.58

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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 down rally this week. It managed to cross its mentioned support levels and

    made a low of 267. Now it faces major support at 254, breach of this level may continue the

    bearish t rend for the stock else it may also bounce back from lower levels.

    RESISTANCE 300

    SUPPORT 254

    STOCK R2 R1 PP S1 S2

    WEEKLY

    10th Jan to 14th Jan 2011

    DLF 284.77 276.83 271.92 263.98 259.07

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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 has healthy correction. The stock is now trading in sideways trend and for now no

    position is looking lucrative. So one should have wait for proper breakout in it . RESISTANCE 1735

    SUPPORT 1650

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    DRREDDY 1757.12 1714.88 1675.62 1633.38 1594.12

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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 has bullish trend. The stock is trading at the higher level and facing resistance to

    move upside. The stock is holding strong support at 515 above this if it sustains then it may

    continue to trade in uptrend. The stock may show correction below the support level in the

    short run.

    RESISTANCE 532

    SUPPORT 515

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    GAIL 538.05 531.25 525.9 519.1 513.75

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    Technical Picture

    Figure: 13 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HCLWEEKAHEAD

    Weekly Pivots

    HCL

    HCL has bullish trend. The stock made new 52 weeks high of 489 in the today's session but

    can' t sustain there and shown sharp downside from there. The stock has immediate support

    at 460 below this if it sustains then it may show some more correction in the coming t ime.

    RESISTANCE 475

    SUPPORT 475

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    HCLTECH 499.75 482.5 471.75 454.5 443.75

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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 trading with the weak sentiments and holding crucial support at 2235. So

    below this level if the stock sustains then it may show some more correction in the coming

    time.

    RESISTANCE 2330

    SUPPORT 2235

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    HDFCBANK 2350.75 2310.1 2285.55 2244.9 2220.35

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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 is trading in sideways trend. The stock is not looking lucrative

    in the short run and one should wait for proper breakout in it . RESISTANCE 700

    SUPPORT 660

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    HDFC 719.57 701.73 690.87 673.03 662.17

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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 an explosive rally and it is now showing correction. The stock is looking

    weak and it may continue to t rade in downtrend in the coming time. RESISTANCE 1910

    SUPPORT 1810

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    HEROHONDA 1941.95 1910.9 1877.95 1846.9 1813.95

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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 shown sharp downside from the higher level. The stock is looking weak and

    may further continue the downtrend in the coming time. RESISTANCE 236

    SUPPORT 228

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    HINDALCO 259.3 246.3 238.45 225.45 217.6

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    Technical Picture

    Figure: 18 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    HULWEEKAHEAD

    Weekly Pivots

    HUL

    HUL has shown sharp downside from the higher level. The stock is looking weak and may

    further continue the downtrend in the coming time. RESISTANCE 321

    SUPPORT 308

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    HINDUNILVR 327.82 320.43 315.52 308.13 303.22

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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 in correction phase. The stock is trading with the negative bias and below the

    immediate support level of 1025 the stock may show some more downside in the coming

    time.

    RESISTANCE 1080

    SUPPORT 1025

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    WEEKLY

    10th Jan to 14th Jan 2011

    ICICIBANK 1092.93 1071.07 1056.03 1034.17 1019.13

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    Technical Picture

    Figure: 20 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    IDFCWEEKAHEAD

    Weekly Pivots

    IDFC

    IDFC is in correction phase. The stock is trading with the negative bias and below the

    immediate support level of 165 the stock may show some more downside in the coming

    time.

    RESISTANCE 172

    SUPPORT 165

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    IDFC 173 170.95 169.05 167 165.1

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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 Technologies in today's trading session moving in a downward trend and it was

    down by 3.09 %. It is now taking resistance at 3499 and support at 3311. It is looking

    bearish in the coming trading session if it manages to trade below the support level of 3311

    else it has resistance at 3499 above this level it would might be in an upward trend.

    RESISTANCE 3499

    SUPPORT 3311

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    INFOSYSTCH 3546.02 3458.38 3407.37 3319.73 3268.72

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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 was moving in a downward trend and it was down by 3.58 % .

    It is now taking resistance at 182 and support at 164. It is looking bearish in the coming

    trading session one can go for short position in it at 164 else above 182 it would might be in

    an upward trend.

    RESISTANCE 182

    SUPPORT 164

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    ITC 183.77 178.13 174.37 168.73 164.97

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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 form the last few trading session was moving sideways. In today's

    trading session it was down by 3.19 %. In order to be in an uptrend it has to trade and

    consolidate above the 10 days and 50 days moving averages. It has resistance at 113 and

    support at 87. One can take a short position in it, below 87 it would be in a downward trend.

    RESISTANCE 113

    SUPPORT 87

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    JPASSOCIAT 106.73 104.17 102.68 100.12 98.63

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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 688, from the last few trading session it was moving

    sideways in today's trading session it was down by 1.74 % .It is looking bearish in the coming

    trading session, one can go for short position in it at 688 else it has resistance at 755 above

    this level it would might be in an uptrend.

    RESISTANCE 755

    SUPPORT 668

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    JINDALSTEL 729.28 718.72 709.38 698.82 689.48

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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

    In today's trading session it was moving in a downward trend and manages to trade and

    close below the 10 days and 50 days moving averages form this level further downside

    movement would be expected. It is looking bearish in the coming trading session, one can

    go for short position in it at 1790 else it has resistance at 1946 above this level it would be in

    an uptrend.

    RESISTANCE 1946

    SUPPORT 1790

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    LT 1899.15 1872.7 1850.35 1823.9 1801.55

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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 from the last few trading moving in a downward trend in today's

    trading session it was down by 2.22 % and manages to 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 413. It has resistance at 465 above this level it would be in an uptrend else

    below 413 it would be in a downward trend.

    RESISTANCE 465

    SUPPORT 413

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    KOTAKBANK 456.6 445.9 438.9 428.2 421.2

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    Technical Picture

    Figure: 27 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    MAHINDRA & MAHINDRAWEEKAHEAD

    Weekly Pivots

    MAHIN

    DRA&MA

    HINDRA

    M&M from the last few trading session it was moving sideways and manages to trade and

    close below the 10 days and 50 days moving averages. It is looking bearish in the coming

    trading session if it manages to t rade below the support level of 778 else above resistance

    level of 721 it would might face more selling pressure.

    RESISTANCE 778

    SUPPORT 721

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    M&M 779.93 760.12 746.08 726.27 712.23

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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 1336 and resistance at 1467. It is now trading at 1340.55 from the last

    few trading session it is moving sideways in today's trading session it was moving in a

    downward trend. It is looking bearish in the coming trading session if it manages to trade

    below the support level of 1336 else it has resistance at 1467 above this level it would might

    be in a bullish trend.

    RESISTANCE 1467

    SUPPORT 1336

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    MARUTI 1378.75 1359.65 1348.6 1329.5 1318.45

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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 t rade and close above the 10 days and 50 days

    moving averages from the last few t rading session it was moving sideways in today's trading

    session it was down by 2.45 %. It is now taking support at 186 and resistance at 206. It is

    looking bullish in the coming t rading session one can go for the long position in it at 206 else

    below 186 it would might be in a bearish trend.

    RESISTANCE 206

    SUPPORT 186

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    NTPC 206.22 201.63 198.62 194.03 191.02

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    Technical Picture

    Figure: 30 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    ONGCWEEKAHEAD

    Weekly Pivots

    ONGC

    ONGC from the last few trading session moving in a downward trend in today's trading

    session it was down by 1.75 %. It has resistance at 1270 and support at 1192. It is looking

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

    support level of 1142 else it has resistance at 1270 above this level it would might be in an

    upward trend.

    RESISTANCE 1270

    SUPPORT 1142

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    ONGC 1247.28 1226.57 1213.28 1192.57 1179.28

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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

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

    moving averages from this level further downside movement would be expected in today's

    trading session it was down by 1.16 % . It is looking bearish in the coming trading session

    one can go for short position in it at 94 else it has resistance at 100 above this level it would

    might be in a bullish trend.

    RESISTANCE 100

    SUPPORT 94

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    POWERGRID 101.05 99.45 98.3 96.7 95.55

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

    down by 1.88 % . It is taking support at 1126 and resistance at 1250. It is looking bearish in

    the coming trading session if it manages to trade below the support level of 1126 else above

    1250 it would might be in a bullish trend.

    RESISTANCE 1250

    SUPPORT 1126

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    PNB 1204.17 1186.43 1174.27 1156.53 1144.37

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    Technical Picture

    Figure: 33 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    RANBAXYWEEKAHEAD

    Weekly Pivots

    R

    ANBAXY

    It is now taking support at 563 and resistance at 612. In order to be in an uptrend it has to

    trade and consolidate above the 10 days and 50 days moving averages. It is looking bullish in

    the coming t rading session one can go for long position in it at 612 else it has support at 563

    below this level it would be in a downward trend.

    RESISTANCE 612

    SUPPORT 563

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    RANBAXY 613.5 601.45 593.35 581.3 573.2

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

    it was down by 3.96 %. It is now taking resistance at 687 and support at 615. In order to be

    in an uptrend 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 615 else it has resistance level of 687 above this it would be in an upward

    trend.

    RESISTANCE 687

    SUPPORT 615

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 35

    WEEKLY

    10th Jan to 14th Jan 2011

    RELCAPITAL 673.73 653.77 641.88 621.92 610.03

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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

    In today's trading session it was down by 0.29 % now it is taking support at 125 and

    resistance at 150. It is looking bearish in the coming trading one can go for short position in it

    at 125 else it has resistance at the level of 150 above this level it would might be in a

    bullish trend.

    RESISTANCE 150

    SUPPORT 125

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 36

    WEEKLY

    10th Jan to 14th Jan 2011

    RCOM 146.82 143.08 140.22 136.48 133.62

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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 1092 and support at 1036.It is looking positive in the coming trading

    session one can go for long position in at 1092 else below 1036 it would might face more

    selling pressure.

    RESISTANCE 1092

    SUPPORT 1036

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 37

    WEEKLY

    10th Jan to 14th Jan 2011

    RELIANCE 1100.13 1082.77 1070.38 1053.02 1040.63

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

    was down by 3.66 % . It is looking bearish in the coming trading session one can go for short

    position in it at 781 below this level it would might be in a bearish trend else it has resistance

    at 895 above this level it would might be in a bullish trend.

    RESISTANCE 895

    SUPPORT 781

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    RELINFRA 896.8 862.9 841.45 807.55 786.1

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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 has successfully taken support at lower levels and is moving in an uptrend from last

    few trading sessions. It now faces next resistance at 165; crossing of this may take the stock

    further up. z

    RESISTANCE 165

    SUPPORT 147.50

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    RPOWER 164.97 160.13 156.87 152.03 148.77

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    Technical Picture

    Figure: 39 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    SIEMENSWEEKAHEAD

    Weekly Pivots

    SIEMENS

    The stock is currently facing the phase of correction. It faces resistance at 835, crossing of

    this level may take the stock further up t ill the levels of 840 in coming trading sessions. RESISTANCE 835

    SUPPORT 775

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    SIEMENS 818.42 803.43 794.22 779.23 770.02

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    Technical Picture

    Figure: 40 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    STERLITEWEEKAHEAD

    Weekly Pivots

    STERLITE

    The stock had tried to take resistance at higher levels and then had down rally. One could

    hold the short positions in the stock as it is expected to move till the levels of 169-165 in near

    term.

    RESISTANCE 196

    SUPPORT 165

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    STER 190.18 183.17 178.73 171.72 167.28

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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 a down rally this week. Although it tried to recover in a few t rading session but

    again moved in down trend. It faces support at 2565, breach of this level may take the stock

    further downward.

    RESISTANCE 2735

    SUPPORT 2650

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 42

    WEEKLY

    10th Jan to 14th Jan 2011

    SBIN 2678.22 2639.58 2603.37 2564.73 2528.52

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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 in correction phase currently. It faces resistance at 190; crossing of this level may

    take the stock further up. RESISTANCE 190

    SUPPORT 174

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    SAIL 188.95 183.9 180.95 175.9 172.95

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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 shown sharp downside from the higher level. The stock is holding strong

    support at 485 above this if it sustains then it may continue to trade in uptrend. The stock is

    looking risky below the support level.

    RESISTANCE 500

    SUPPORT 485

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    SUNPHARMA 522.18 507.77 497.33 482.92 472.48

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    Technical Picture

    Figure: 44 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    SUZLONWEEKAHEAD

    Weekly Pivots

    SUZLON

    Suzlon made high of 57.30 and since then it is trading with the weak sentiments. The stock

    has holding support at 50 below which it may show some more correction in the coming

    time.

    RESISTANCE 53

    SUPPORT 50

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    SUZLON 55.58 53.32 52.03 49.77 48.48

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    Technical Picture

    Figure: 45 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    TCSWEEKAHEAD

    Weekly Pivots

    TCS

    TCS has bullish trend. The stock is trading in tight range of 1115-1190. So wait for proper

    breakout in it . RESISTANCE 1190

    SUPPORT 1115

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    TCS 1204.58 1173.62 1155.88 1124.92 1107.18

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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 Motors is trading with the weak sentiments and holding strong support at 1165. So

    below which if it sustains then it may show some more downside in the coming t ime. RESISTANCE 1215

    SUPPORT 1165

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    TATAMOTORS 1307.87 1249.03 1204.52 1145.68 1101.17

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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 is in correction phase. The stock is trading with the weak sentiments and has weak

    closing too. So the stock may show some more correction in the coming t ime. RESISTANCE 685

    SUPPORT 650

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    TATASTEEL 700.25 680.75 668.45 648.95 636.65

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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 is trading in uptrend. The stock is looking good and above the immediate

    resistance level of 1412 it may continues to trade in uptrend. RESISTANCE 1412

    SUPPORT 1380

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    TATAPOWER 1421.48 1405.37 1390.73 1374.62 1359.98

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    Technical Picture

    Figure: 49 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    SESA GOAWEEKAHEAD

    Weekly Pivots

    SESAGOA

    The stock had either side movement this week and is positively biased. it faces next

    resistance at 349 crossing of this may take the stock further up. RESISTANCE 349

    SUPPORT 315

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    SESAGOA 347.62 339.73 335.02 327.13 322.42

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    Technical Picture

    Figure: 50 : Nifty50 Graph

    R ES EA R C H

    TECHNICAL OVERVIEW

    WIPROWEEKAHEAD

    Weekly Pivots

    WIPRO

    Wipro has bullish trend. The stock is trading in sideways trend and holding strong support at

    470. So this will be crucial support level moving forward. RESISTANCE 490

    SUPPORT 470

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    10th Jan to 14th Jan 2011

    WIPRO 499.68 488.32 480.78 469.42 461.88

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    R ES EA R C H

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    WEEKLY

    10th Jan to 14th Jan 2011