Nifty 50 Reports for the Week (1st - 5th August '11)

8/6/2019 Nifty 50 Reports for the Week (1st - 5th August '11)

1/52


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Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview

Weekly Pivots

The stock moved in an uptrend this week. One could still hold the long positions in the stock as its is expected to

continue its bullish trend and may move till the levels of 1050-1060 in near term.

STOCK R2 R1 PP S1 S2

9851050

SUPPORTRESISTANCE

ACCACC

Global Research L imited

ACC 1065.2 1038.4 1009.7 982.9 954.2


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Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently. it is expected to continue its up rally and may test the resistance level of 135-137 in

coming trading sessions with strong support at 125.


125135

SUPPORTRESISTANCE

Ambuja CementsAmbuja Cements


AMBUJACEM 136.92 133.13 130.22 126.43 123.52


4/52

Axis BankAxis Bank

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Technical Picture


Technical Overview

Weekly Pivots

The stock moved in an uptrend this week post its better than expected quarterly numbers. It now has major resistance at

1344, crossing of this level will take the stock further upwards.


12851344

SUPPORTRESISTANCE


AXISBANK 1378.5 1358 1321.5 1301 1264.5


5/52

Bajaj Auto Ltd.Bajaj Auto Ltd.


Technical Picture


Technical Overview

Weekly Pivots

The stock today managed to cross its resistance and had an up rally after a range bound movement from past many

trading sessions. one could still hold the long positions in the stock as it is expected to move till the levels of 1490-

1500 in near term.


14151490

SUPPORTRESISTANCE


BAJAJ-AUTO 1521.17 1495.38 1456.22 1430.43 1391.27


6/52

Bharat Heavy ElectricalBharat Heavy Electrical


Technical Picture


Technical Overview

Weekly Pivots

The stock is facing downtrend post its worse than expected quarterly numbers. It is expected to continue its bearish trend

for a while in coming trading session but may also consolidate a bit after a steep fall.


18002025

SUPPORTRESISTANCE


BHEL 2113.2 1976.4 1888.2 1751.4 1663.2


7/52

Bharat Petroleum CorporationBharat Petroleum Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently moving in a range. It has resistance at 680; crossing of this level will take the stock upwards while it has

support at 655, breach of this level will take the stock downwards.


655680

SUPPORTRESISTANCE


BPCL 686.62 672.23 661.62 647.23 636.62


8/52

Bharti AirtelBharti Airtel


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently moving in an uptrend. Its next resistance is at 4440, crossing of this level may take the stock

further upwards while it may also resist at higher levels and reverse back.


422.50440

SUPPORTRESISTANCE


BHARTIARTL 458.38 447.82 428.68 418.12 398.98


9/52

CiplaCipla


Technical Picture


Technical Overview

Weekly Pivots

The stock had a bearish trend throughout the last week. one should now wait for sometime in the stock.


300315

SUPPORTRESISTANCE


CIPLA 330.2 318.4 311.7 299.9 293.2


10/52

Cairn IndiaCairn India


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently in a range after a bearish trend previously. One should now wait for sometime in the

stock as it is expected to consolidate a bit after this downfall.


303328

SUPPORTRESISTANCE


CAIRN 340.5 324.4 315.9 299.8 291.3


11/52

DLFDLF


Technical Picture


Technical Overview

Weekly Pivots

The stock consolidated last week with negative biasness . One should wait for crossing of levels on either side before taking

any positions in it.


224238

SUPPORTRESISTANCE


DLF 255.97 243.48 235.42 222.93 214.87


12/52

Dr. Reddy LaboratoriesDr. Reddy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

The stock showed an up movement during the trading hour and closed on negative note. The major trend presently in

the stock is sideways. The stock is now facing resistance at 1625 and has support at 1560 which is the 50 day moving

average of the stock. As the stock closed on negative note a further down move can be seen in the stock once it

breaks its support level.


15601625

SUPPORTRESISTANCE


DRREDDY 1653.75 1619.9 1584.95 1551.1 1516.15


13/52

Gail IndiaGail India


Technical Picture


Technical Overview

Weekly Pivots

The stock showed an either side movement during the week and closed on a positive note. The major trend presently in the

stock is sideways. The stock is now facing resistance at 471 and has support at 450. As the stock closed with positive

biasness a further up movement can be seen in the stock once it breaks its resistance level.


450471

SUPPORTRESISTANCE


GAIL 489.53 475.32 463.73 449.52 437.93


14/52

HCL TechnologiesHCL Technologies


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the trading hour and closed with negative biasness. The stock is now facing resistance at

510 and has support at 470. Break of support may take the stock further down. One may go for selling the stock once it

breaks its support level.


470510

SUPPORTRESISTANCE


HCLTECH 538.7 512.75 495.9 469.95 453.1


15/52

HDFC BankHDFC Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous down move during the week and closed with negative biasness. The stock is now facing

resistance at 499 and has support at 474. As the stock closed with negative biasness a further down movement can be seen

in the stock once it breaks its support level. One may go for selling the stock once it breaks its support level.


474499

SUPPORTRESISTANCE


HDFCBANK 521.8 504.3 492.7 475.2 463.6


16/52

Housing Development FinanceHousing Development Finance


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed with positive biasness. The stock is now facing resistance at 698 and

has support at 678 which is the 50 day moving average of the stock. Break of support may take the stock further down. One

may go for selling the stock once it breaks its support level.


678698

SUPPORTRESISTANCE


HDFC 731.47 710.23 692.77 671.53 654.07


17/52

Hero Honda MotorsHero Honda Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed with negative biasness. The stock is now facing resistance at 1840 and

has support at 1750. Break of support may take the stock further down. One may go for selling the stock once it breaks its

support.


17501840

SUPPORTRESISTANCE


HEROHONDA 1875.77 1830.43 1801.72 1756.38 1727.67


18/52

Hindalco IndustriesHindalco Industries


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed with positive biasness. The trend presently in the stock is weak. The

stock is now facing resistance at 172 and has support at 164. Break of resistance may take the stock further up. One may go

for buying the stock once it breaks its resistance level.


164172

SUPPORTRESISTANCE


HINDALCO 188.82 178.63 172.42 162.23 156.02


19/52

Hindustan UnileverHindustan Unilever


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed with positive biasness. The stock is now facing resistance at 332 and

has support at 317. The trend presently in the stock is weak. As the stock closed with positive biasness a further up

movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its

resistance level.


317332

SUPPORTRESISTANCE


HINDUNILVR 340.37 332.18 325.82 317.63 311.27


20/52

ICICI BankICICI BankWeekly Pivots


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the earlier trading days of the week and then some correction was seen in the stock

during the last trading days of the week. The stock is now facing resistance at 1055 which is the 50 day moving

average of the stock and has support at 1010. A further up movement is expected in the stock once it breaks its

resistance level. One may go for buying the stock once it breaks its resistance level.


10101055

SUPPORTRESISTANCE


ICICIBANK 1121.85 1079.3 1041.45 998.9 961.05


21/52

IDFCIDFC


Technical Picture


Technical Overview

Weekly Pivots

IDFC had negative side movements all through last week and made weekly low of 122.40. The stock now has resistance

level at 132 and support level at 121. In short term it is expected to consolidate with negative biasness.


121132

SUPPORTRESISTANCE


IDFC 153.75 139.9 131.15 117.3 108.55


22/52

Infosys TechnologiesInfosys Technologies


Technical Picture


Technical Overview

Weekly Pivots

INFOSYS had sideways trading session last week and traded in tight range. The stock has resistance level at 2810 and

support level at 2715. It is expected to consolidate with positive biasness and crossing of resistance level may take the stock

to higher levels.


27152810

SUPPORTRESISTANCE


INFY 2889.57 2832.73 2779.07 2722.23 2668.57


23/52

ITCITC


Technical Picture


Technical Overview

Weekly Pivots

ITC had volatile trading session in previous week and it crossed its 52 week high in the last trading session. The stock may

take resistance from the level of 212 and it has support level at 203. In short term it is expected to consolidate and remain

range bound, also crossing of resistance level may take it to higher levels.


203212

SUPPORTRESISTANCE


ITC 218.88 213.62 205.98 200.72 193.08


24/52

Jaiprakash AssociatesJaiprakash Associates


Technical Picture


Technical Overview

Weekly Pivots

JP ASSOCIATES showed negative side movements all through last week and closed with the loss of 11.55%. The stock has

resistance level at 69 and support level at 65. In short term it is expected to consolidate with negative biasness in short term,

also if it continue to sustain above the support level a bounce back can be seen in it.


6569

SUPPORTRESISTANCE


JPASSOCIAT 81.3 73.95 70 62.65 58.7


25/52

Jindal Steel & PowerJindal Steel & Power


Technical Picture


Technical Overview

Weekly Pivots

JINDAL STEEL AND POWER moved with negative biasness all through last session and made weekly low of 582.55. The

stock has resistance level at 600 and support level at 574. It is expected to consolidate and remain range bound in short

term, breaching of support level may take it to lower levels.


574600

SUPPORTRESISTANCE


JINDALSTEL 656.52 622.18 602.37 568.03 548.22


26/52

Larsen and TurboLarsen and Turbo


Technical Picture


Technical Overview

Weekly Pivots

L&T showed downside movement last week and closed with the loss of around 5.6%. The stock has resistance level at 1755

and support level at 1700. In short term it is expected to consolidate with negative biasness.


17001755

SUPPORTRESISTANCE


LT 1915.75 1820.65 1769.4 1674.3 1623.05


27/52

Kotak Mahindra BankKotak Mahindra Bank


Technical Picture


Technical Overview

Weekly Pivots

KOTAK MAHINDRA BANK had negative side movements all through last week and it closed with the loss of 8.34%. The

stock has support level at 436 and resistance level at 460. It is expected consolidate and remain range bound in short term.


436460

SUPPORTRESISTANCE


KOTAKBANK 507.45 476.25 458.8 427.6 410.15


28/52

Mahindra and MahindraMahindra and Mahindra


Technical Picture


Technical Overview

Weekly Pivots

M&M showed volatile movements all through last week and closed almost flat. The stock has support level at 698 and

resistance level at 727. It is expected to consolidate with positive biasness and crossing of resistance level may take it to

higher levels.


698727

SUPPORTRESISTANCE


M&M 776.85 748.8 725.4 697.35 673.95


29/52

Maruti Suzuki IndiaMaruti Suzuki India


Technical Picture


Technical Overview

Weekly Pivots

MARUTI consolidated with positive biasness all through last week and it made weekly high of 1225. The stock has

resistance level at 1232 and support level at 1185. In short term it is expected to consolidate and may test its resistance level.


11851232

SUPPORTRESISTANCE


MARUTI 1266.48 1236.57 1195.08 1165.17 1123.68


30/52

NTPC Ltd.NTPC Ltd.


Technical Picture


Technical Overview

Weekly Pivots

NTPC had negative side movements all through last week and made weekly low of 175.50. The stock has support level at

175 and resistance level at 180. In short term it is expected to consolidate with negative biasness. Also breaching of support

level may take it to lower levels.


175180

SUPPORTRESISTANCE


NTPC 189.1 182.6 179.05 172.55 169


31/52

Oil and Natural Gas CorpOil and Natural Gas Corp


Technical Picture


Technical Overview

Weekly Pivots

The stock was moving in the tight range of 273-284, in todays trading session it has given a break out and made a low of

268.40. It is now taking resistance at 285 and support at 270. It is looking weak on charts; one can go for short position in it

at 270 for the target of 250.


270285

SUPPORTRESISTANCE


ONGC 287.35 278.3 273.35 264.3 259.35


32/52

Power Grid Corporation of IndiaPower Grid Corporation of India


Technical Picture


Technical Overview

Weekly Pivots

The stock was moving in the range of 106-113, in today's trading session it manages to trade and close below the

major support level of 106. It is now taking resistance at 100 and support at 108. It is looking weak on charts; one can

go for long position in it at 100 for the target of 95.


100108

SUPPORTRESISTANCE


POWERGRID 113.27 109.18 105.77 101.68 98.27


33/52

Punjab National BankPunjab National Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock had been moving in a downtrend; it is now trading at 1123.90 and it made a low of 1095, from this level further

downside of movement would be expected. It is now taking resistance at 1145 and support at 1080. One can go for long

position in it at 1145 for the target of 1180.


10801145

SUPPORTRESISTANCE


PNB 1255.63 1189.77 1136.13 1070.27 1016.63


34/52

Ranbaxy LaboratoriesRanbaxy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

Ranbaxy has been consolidating in a particular price range of 530-550 and it is now trading at 539.45, from this level

either side of movement would be expected. It is looking bullish in the coming trading session if it manages to trade

above the resistance level of 563 else below 524 it would be in a downward trend.


524563

SUPPORTRESISTANCE


RANBAXY 565.45 552.45 540.8 527.8 516.15


35/52

Reliance CapitalReliance Capital


Technical Picture


Technical Overview

Weekly Pivots

The stock closed positive and it is showing losing momentum with trading below its moving averages and it is now trading

at 575.55. It is looking bearish in the coming trading session; one can go short position in it at 564 for the target of 550.


564589

SUPPORTRESISTANCE


RELCAPITAL 627.72 601.63 582.92 556.83 538.12


36/52

Reliance CommunicationsReliance Communications


Technical Picture


Technical Overview

Weekly Pivots

The stock had been sideways and it made a high of 103.65. It is now taking support at 99 and resistance at 105. It is looking

strong on charts; one can go for long position in it at 105 for the target of 120.


99105

SUPPORTRESISTANCE


RCOM 116.12 108.83 101.42 94.13 86.72


37/52

Reliance IndustriesReliance Industries


Technical Picture


Technical Overview

Weekly Pivots

After making high of 892 it is continuously moving in a downward trend and a negative opening made it to trade and

close below the 10 days and 50 days DMA. 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 now taking support at 820 below this level it would be in a downward

trend.


820856

SUPPORTRESISTANCE


RELIANCE 916.55 872.25 847.7 803.4 778.85


38/52

Reliance InfrastructureReliance Infrastructure


Technical Picture


Technical Overview

Weekly Pivots

The stock is moving short term downtrend and in today's trading session it manages to closed near to the support level of

530, from this level further downside of movement would be expected. It is now taking support at 530 below this level it

would be in a downward trend.


530564

SUPPORTRESISTANCE


RELINFRA 617.73 579.27 557.43 518.97 497.13


39/52

Reliance PowerReliance Power


Technical Picture


Technical Overview

Weekly Pivots

The stock is moving short term downtrend and in today's trading session it battered down to the level of 110.60, from this

level further downside of movement would be expected and it is now trading at 111.95. One can go for short position in it

at 109 for the target of 105.


109120

SUPPORTRESISTANCE


RPOWER 123.45 117.7 114.15 108.4 104.85


40/52

Siemens IndiaSiemens India


Technical Picture


Technical Overview

Weekly Pivots

SIEMENS INDIA remains volatile all through last week and closed flat. It now has next resistance level at 940 and support

level at 905.The major trend in the stock is bullish. One may go for the buy on dip strategy till it breaks its support level.


905940

SUPPORTRESISTANCE


SIEMENS 977.88 951.12 923.23 896.47 868.58


41/52

Sterlite Industries IndiaSterlite Industries India


Technical Picture


Technical Overview

Weekly Pivots

STERLITE INDUSTRIES shown downward trend all through last week and made a weekly low of 159.30.It has next resistance

level at 166 and support level at 159. In upcoming session some correction is expected. One may go for the sell on rise

strategy till it crosses its resistance level of 166 .


159166

SUPPORTRESISTANCE


STER 182.25 171 165.15 153.9 148.05


42/52

State Bank of IndiaState Bank of India


Technical Picture


Technical Overview

Weekly Pivots

STATE BANK OF INDIA remains in bearish trend all through last week and made a weekly low of 2334.70. The stock was

down by more than 7.5% in last week. It now has next resistance level at 2376 and support level at 2330. One may hold

short position in it till it crosses its resistance level of 2376 in upsides.


23302376

SUPPORTRESISTANCE


SBIN 2598.07 2471.43 2403.07 2276.43 2208.07


43/52

Steel Authority of IndiaSteel Authority of India


Technical Picture


Technical Overview

Weekly Pivots

STEEL AUTHORITY OF INDIA remains negative all through last week and made a weekly as well as 52 weeks low of 125.80.

The stock is in major bearish trend, it has next support level at 125 and resistance level at 127. One may hold short position

in it till it crosses its resistance level of 127.


125127

SUPPORTRESISTANCE


SAIL 138.58 132.47 129.13 123.02 119.68


44/52

Sun PharmaceuticalsSun Pharmaceuticals


Technical Picture


Technical Overview

Weekly Pivots

SUN PHARMACEUTICALS consolidate in a range all through last week. The major trend in the stock is bullish. In

upcoming session, some consolidation with positive biasness can be expected. It now has next resistance level at 528

and support level at 508. One may hold long position in it till it breaks its support level of 508.


508528

SUPPORTRESISTANCE


SUNPHARMA 554.07 536.13 522.07 504.13 490.07


45/52

GrasimGrasim


Technical Picture


Technical Overview

Weekly Pivots

The stock was trading sideways and closed with negative biasness. The stock is now facing resistance at 2255 and has

support at 2150. As the stock closed with negative biasness a further down move can be seen in the stock once it

breaks its support level. One may go for selling the stock once it breaks its support level.


21502255

SUPPORTRESISTANCE


GRASIM 2296.23 2246.12 2188.58 2138.47 2080.93


46/52

Tata Consultancy ServicesTata Consultancy Services


Technical Picture


Technical Overview

Weekly Pivots

TCS remain volatile all through last week and closed with moderate gain. It now has next resistance level at 1155 and

support level at 1120. The major trend in the stock is sideways. One should now wait for crossing of levels on either

side as it is expected to continue its consolidation for some trading session.


11201155

SUPPORTRESISTANCE


TCS 1171.67 1154.33 1137.32 1119.98 1102.97


47/52

Tata MotorsTata Motors


Technical Picture


Technical Overview

Weekly Pivots

TATA MOTORS remains negative all through last week and made a weekly low of 940.The major trend in the stock is

bearish. It now has resistance level at 956 and support level at 940. It is expected to consolidate with positive biasness in

upcoming session, to show some correction. One may go for the sell on rise strategy till it crosses its resistance level at 956.


940956

SUPPORTRESISTANCE


TATAMOTORS 1040.17 994.13 967.07 921.03 893.97


48/52

Tata SteelTata Steel


Technical Picture


Technical Overview

Weekly Pivots

TATA STEEL remains in a bearish trend all through last week and was down by more than 5%.It now has next support level

at 559 and resistance level at 572. One may hold short position in it till it crosses its resistance level of 572.


559572

SUPPORTRESISTANCE


TATASTEEL 607.33 585.67 574.03 552.37 540.73


49/52

Tata Power SupplyTata Power Supply


Technical Picture


Technical Overview

Weekly Pivots

TATA POWER SUPPLY remains negative all through last week and made a weekly low of 1272.50. In short term

consolidation with positive biasness can be expected. It now has next resistance level at 1302 and support level at

1272.One should wait for the proper break out on either side before taking any position in it.


12721302

SUPPORTRESISTANCE


TATAPOWER 1342.67 1311.93 1292.22 1261.48 1241.77


50/52

Sesa GoaSesa Goa


Technical Picture


Technical Overview

Weekly Pivots

The stock has manages to closed near to the support level of 265 from this level further downside of movement would be

expected. One can go for short position in it at 265 for the target of 250.


265295

SUPPORTRESISTANCE


SESAGOA 302.25 288.65 280.2 266.6 258.15


51/52

Wipro CorporationWipro Corporation


Technical Picture


Technical Overview

Weekly Pivots

WIPRO showed downward movement all through last week and made a weekly low of 388.It now has support level at 388

and resistance level at 400. One may go for the short position below its support level.


388400

SUPPORTRESISTANCE

Global Research L imitedGlobal Research L imited

WIPRO 420.83 405.07 396.53 380.77 372.23


52/52

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Nifty 50 Reports for the Week (1st - 5th August '11)

Documents

Transcript of Nifty 50 Reports for the Week (1st - 5th August '11)