Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
53
NIFTY50 NIFTY50 WEEKLY REPORT 30th May - 03rd June 2011 Global Research Limited
Transcript of Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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NIFTY50NIFTY50
WEEKLY REPORT30th May - 03rd June 2011
G l o b a l R e s e a r c h L i m i t e d
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Technical Picture
Figure: 1 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is consolidating currently. It now has next support at 960, breach of this level may continue the bearish trend ofthe stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take itfurther upwards.
STOCK R2 R1 PP S1 S2
9601002SUPPORTRESISTANCE
ACC ACC
G l o b a l R e s e a r c h L i m i t e d
ACC 1016.63 1008.42 999.88 991.67 983.13
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Technical Picture
Figure: 2 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is consolidating and tried to take support at lower levels and is now moving in an up rally. Its next resistance is at140, crossing of which may take the stock further up.
STOCK R2 R1 PP S1 S2
130140SUPPORTRESISTANCE
Ambuja Cements Ambuja Cements
G l o b a l R e s e a r c h L i m i t e d
AMBUJACEM 140.6 138.25 136.65 134.3 132.7
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Axis Bank Axis Bank
www.capitalvia.com 4
Technical Picture
Figure: 3 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is currently consolidating in a tight range. One should now wait for crossing of levels on either side as it isexpected to continue its consolidation for some trading session.
STOCK R2 R1 PP S1 S2
11751233SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
AXISBANK 1240.03 1230.32 1218.28 1208.57 1196.53
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Bajaj Auto Ltd.Bajaj Auto Ltd.
www.capitalvia.com 5
Technical Picture
Figure: 4 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is currently consolidating in a range. Its next resistance is at 1363, crossing of this level may bring some moreupward movement in the stock while support is at 1280, breach of this level may take it downward.
STOCK R2 R1 PP S1 S2
12801363SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
BAJAJ-AUTO 1342.7 1329.6 1308.9 1295.8 1275.1
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Bharat Heavy ElectricalBharat Heavy Electrical
www.capitalvia.com 6
Technical Picture
Figure: 5 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock had an either side movement this week. It managed to cross its resistance and made a high of 2109.40. One couldhold the long positions in the stock as its is expected to continue its uptrend.
STOCK R2 R1 PP S1 S2
19001975SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
BHEL 1957.97 1947.43 1931.37 1920.83 1904.77
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Bharat Petroleum CorporationBharat Petroleum Corporation
www.capitalvia.com 7
Technical Picture
Figure: 6 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is moving in a bearish trend currently. One could go for sell on rise strategy in the stock until it crosses the level of632.50 in upside.
STOCK R2 R1 PP S1 S2
585632.50SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
BPCL 641.62 634.88 626.07 619.33 610.52
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Bharti AirtelBharti Airtel
www.capitalvia.com 8
Technical Picture
Figure: 7 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is currently consolidating; it has support at 363, breach of this level may take the stock further down while it hasresistance at 376.50, crossing of this level may take the stock upward. One has to wait for crossing of levels on either side.
STOCK R2 R1 PP S1 S2
363376.50SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
BHARTIARTL 377.3 3 75.1 372.05 369.85 3 66.8
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CiplaCipla
www.capitalvia.com 9
Technical Picture
Figure: 8 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock today managed to reach our mentioned levels. Its next major resistance level is at 324, crossing of this level willtake the stock further upwards.
STOCK R2 R1 PP S1 S2
302324SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
CIPLA 326.75 3 22.8 320.05 3 16.1 313.35
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Cairn IndiaCairn India
www.capitalvia.com 10
Technical Picture
Figure: 9 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is currently facing a range bound movement. It now has major support at 330; breach of this level may take thestock further down else it may also bounce back.
STOCK R2 R1 PP S1 S2
330355SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
CAIRN 352.78 34 9.77 346.53 343.52 340.28
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DLFDLF
www.capitalvia.com 11
Technical Picture
Figure: 10 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock had an up rally in today's trading session. One should wait for sometime in the stock as its is expected toconsolidate a bit after a sharp fall previously.
STOCK R2 R1 PP S1 S2
208.50222SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
DLF 232.77 228.98 223.12 219.33 213.47
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Dr. Reddy LaboratoriesDr. Reddy Laboratories
www.capitalvia.com 12
Technical Picture
Figure: 11 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock moved down during the week and a recovery was seen in the stock during the last day of trading week. The stockis now facing resistance at 1600 and has support at 1520. A further up movement can be seen in the stock once it breaks itsresistance level. One may go for buying the stock once the stock breaks its resistance.
STOCK R2 R1 PP S1 S2
15201600SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
DRREDDY 1582.97 1571.23 1560.12 1548.38 1537.27
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Gail IndiaGail India
www.capitalvia.com 13
Technical Picture
Figure: 12 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock showed an either side movement during the week and ended on a negative note. The stock is now facingresistance at 450 and has support at 420. Break of support may take the stock further down. One may go for selling thestock once the stock breaks its support level.
STOCK R2 R1 PP S1 S2
420450SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
GAIL 4 46.9 4 40.8 4 36.9 4 30.8 4 26.9
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HCL TechnologiesHCL Technologies
www.capitalvia.com 14
Technical Picture
Figure: 13 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock moved up during the week and ended on a positive note. A further up movement can be seen in the stock once itbreaks its resistance. The stock is presently facing resistance at 520 and has support at 495 which is the 50 day movingaverage of the stock. One may go for buying the stock once the stock breaks its resistance level.
STOCK R2 R1 PP S1 S2
495520SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
HCLTECH 526.12 517.43 508.82 500.13 491.52
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HDFC BankHDFC Bank
www.capitalvia.com 15
Technical Picture
Figure: 14 : Nifty50 Graph
Technical Overview
Weekly Pivots
The trend presently in the stock is sideways and the stock closed with a positive biasness. The stock is now facing resistanceat 2322 and has support at 2240. Break of resistance may take the stock further up and one may go for buying the stockonce it breaks its resistance level.
STOCK R2 R1 PP S1 S2
22402322SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
HDFCBANK 2342.18 2322.92 2292.73 2273.47 2243.28
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Housing Development FinanceHousing Development Finance
www.capitalvia.com 16
Technical Picture
Figure: 15 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock was consolidating during the week and ended on a positive note. The stock is now facing resistance at 667 andhas support at 635. Break of resistance may take the stock further up. One may go for buying the stock once it breaks itsresistance level.
STOCK R2 R1 PP S1 S2
635667SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
HDFC 669.63 66 2.97 651.73 645.07 633.83
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Hero Honda MotorsHero Honda Motors
www.capitalvia.com 17
Technical Picture
Figure: 16 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock moved up during the week and closed with a negative biasness. The stock is now facing resistance at 1895 andhas support at 1800. Break of support level may take the stock further down. One may go for selling the stock once it breaksits support level.
STOCK R2 R1 PP S1 S2
18001895SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
HEROHONDA 1918.55 1884.45 1858.9 1824.8 1799.25
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Hindalco IndustriesHindalco Industries
www.capitalvia.com 18
Technical Picture
Figure: 17 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock moved down during the week and had a sharp recovery during the last trading day of the week. The stock is nowfacing resistance at 205 which is also the 50 day moving average of the stock and has support at 190. Break of resistancemay take the stock further up. One may go for buying the stock once it breaks its resistance level.
STOCK R2 R1 PP S1 S2
190205SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
HINDALCO 206.52 202.03 194.52 190.03 182.52
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Hindustan UnileverHindustan Unilever
www.capitalvia.com 19
Technical Picture
Figure: 18 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock was consolidating during the week and ended on a negative note. The stock is now facing resistance at 310 andhas support at 297. Break of support may take the stock further down. One may go for selling the stock once it breaks itssupport level.
STOCK R2 R1 PP S1 S2
297310SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
HINDUNILVR 309.22 305.58 30 3.37 299.73 297.52
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ICICI BankICICI Bank
Weekly Pivots
www.capitalvia.com 20
Technical Picture
Figure: 19 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock moved down during the week and had a sharp recovery during the last trading day of the week. A further upmovement is expected in the stock once it breaks its resistance level. The stock is now facing resistance at 1080 and hassupport at 1030. One may go for buying the stock once it breaks its resistance level.
STOCK R2 R1 PP S1 S2
10301080SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
ICICIBANK 1100.85 10 84.5 1057.35 1041 1013.85
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IDFCIDFC
www.capitalvia.com 21
Technical Picture
Figure: 20 : Nifty50 Graph
Technical Overview
Weekly Pivots
IDFC showed volatile movements in last week, it showed negative biasness during the week but recovered in later session.Now the stock has resistance level at 140 and support level at 130. In short term it is expected consolidate with positivebiasness and above the resistance level it is looking strong on charts.
STOCK R2 R1 PP S1 S2
130140SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
IDFC 144.7 141.25 135 131.55 125.3
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Infosys TechnologiesInfosys Technologies
www.capitalvia.com 22
Technical Picture
Figure: 21 : Nifty50 Graph
Technical Overview
Weekly Pivots
INFOSYS has been consolidating with negative biasness from last many sessions and last week it continued the same. Thestock is in major down trend, now it has support level at 2730 and resistance level at 2865. In short term negative biasnessseems to continue in it.
STOCK R2 R1 PP S1 S2
27302865SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
INFOSYSTCH 2831.83 2809.67 2784.83 2762.67 2737.83
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ITCITC
www.capitalvia.com 23
Technical Picture
Figure: 22 : Nifty50 Graph
Technical Overview
Weekly Pivots
ITC is in sideways trend from last many sessions and last week also it continued the same. The stock has resistance level at192 and support level at 182. It is expected to remain range bound in short term.
STOCK R2 R1 PP S1 S2
182192SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
ITC 191.15 19 0.05 1 88.7 1 87.6 186.25
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Jaiprakash AssociatesJaiprakash Associates
www.capitalvia.com 24
Technical Picture
Figure: 23 : Nifty50 Graph
Technical Overview
Weekly Pivots
JP ASSOCIATES is in bearish phase, last week it remained in consolidation phase and recovered later. The stock has majorsupport level at 78 and resistance level at 83. In short term it is expected to consolidate with positive biasness and above theresistance level it is looking strong on charts.
STOCK R2 R1 PP S1 S2
7883SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
JPASSOCIAT 84.37 83.23 81.42 80.28 78.47
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Jindal Steel & PowerJindal Steel & Power
www.capitalvia.com 25
Technical Picture
Figure: 24 : Nifty50 Graph
Technical Overview
Weekly Pivots
JINDAL STEEL AND POWER remained volatile during last week and closed with moderate gain. The stock has resistancelevel at 651 and support level at 618. It is expected to consolidate with positive biasness in short term, also crossing ofresistance level may take the stock at higher levels.
STOCK R2 R1 PP S1 S2
618651SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
JINDALSTEL 656.22 649.33 643.02 636.13 629.82
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Larsen and TurboLarsen and Turbo
www.capitalvia.com 26
Technical Picture
Figure: 25 : Nifty50 Graph
Technical Overview
Weekly Pivots
L&T as expected remained volatile in last week and closed with moderate losses. The stock has resistance level at 1670 andsupport level at 1582. In short term it is expected to remain volatile. Technically it is looking strong above the resistance levelof 1670.
STOCK R2 R1 PP S1 S2
15821670SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
LT 1680.77 1659.53 1643.77 1622.53 1606.77
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Kotak Mahindra BankKotak Mahindra Bank
www.capitalvia.com 27
Technical Picture
Figure: 26 : Nifty50 Graph
Technical Overview
Weekly Pivots
KOTAK MAHINDRA BANK showed recovery all through last week and made weekly high of 441. The stock has support levelat 419 and resistance level at 448. It is expected to continue its recovery phase in short term.
STOCK R2 R1 PP S1 S2
419448SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
KOTAKBANK 450.03 44 4.07 435.03 42 9.07 42 0.03
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Mahindra and MahindraMahindra and Mahindra
www.capitalvia.com 28
Technical Picture
Figure: 27 : Nifty50 Graph
Technical Overview
Weekly Pivots
M&M as said earlier showed recovery during last week. The stock has support level at 672 and resistance level at 716. Inshort term it is expected to consolidate with positive biasness and to test its resistance level.
STOCK R2 R1 PP S1 S2
672716SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
M&M 724.67 714.78 698.02 688.13 671.37
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Maruti Suzuki IndiaMaruti Suzuki India
www.capitalvia.com 29
Technical Picture
Figure: 28 : Nifty50 Graph
Technical Overview
Weekly Pivots
MARUTI is in sideways trend from past few sessions and last week it traded in range with high volatility. The stock hasresistance level at 1241 and support level at 1190. In short term it is expected to remain in consolidation phase, one shouldwait for proper breakout before entering in this stock.
STOCK R2 R1 PP S1 S2
11901241SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
MARUTI 1242.57 1232.13 1216.57 1206.13 1190.57
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NTPC Ltd.NTPC Ltd.
www.capitalvia.com 30
Technical Picture
Figure: 29 : Nifty50 Graph
Technical Overview
Weekly Pivots
NTPC had volatile trading session last week and closed with moderate losses. The stock has support level at 165 andresistance level at 175. In short term it is expected to consolidate with positive biasness and crossing of resistance level maytake the stock at higher levels.
STOCK R2 R1 PP S1 S2
165175SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
NTPC 174.95 171.55 169.55 166.15 164.15
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Oil and Natural Gas CorpOil and Natural Gas Corp
www.capitalvia.com 31
Technical Picture
Figure: 30 : Nifty50 Graph
Technical Overview
Weekly Pivots
ONGC battered down to the level of 261.40 and it is now trading at 282.95, from the support level of 260 it made a smartrecovery and made a high of 284.95.In today's trading session it manages to trade and closes above the 10 days and 50days moving averages. It is now looking strong on charts. One can go for long position in it at 285 for the target of 300.
STOCK R2 R1 PP S1 S2
260285SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
ONGC 291.08 287.02 280.83 276.77 270.58
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Power Grid Corporation of IndiaPower Grid Corporation of India
www.capitalvia.com 32
Technical Picture
Figure: 31 : Nifty50 Graph
Technical Overview
Weekly Pivots
In today's trading session it was up by 2.20 %. It is now taking support at 94 and resistance 98, form this level further upsideof movement would be expected. One can go for long position in it at 98 for the target of 105.
STOCK R2 R1 PP S1 S2
9498SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
POWERGRID 9 9.35 98.5 97.1 96.25 94.85
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Punjab National BankPunjab National Bank
www.capitalvia.com 33
Technical Picture
Figure: 32 : Nifty50 Graph
Technical Overview
Weekly Pivots
After making a low of 1007 it made a smart recovery and made a high of 1115. It has resistance at 1120 and support at1044. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 1120 else below1044 it would be in a downward trend.
STOCK R2 R1 PP S1 S2
10441120SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
PNB 1096.23 1086.37 1070.43 1060.57 1044.63
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Ranbaxy LaboratoriesRanbaxy Laboratories
www.capitalvia.com 34
Technical Picture
Figure: 33 : Nifty50 Graph
Technical Overview
Weekly Pivots
Ranbaxy from the last few trading session was moving sideways and it manages to trade and close above the 10 days and50 days moving averages. It is now trading at 511.15 from this level further upside of movement would be expected. Inorder to be in an upward trend it has to trade and consolidate above the resistance level of 521 else below 490 it would bein a downward trend.
STOCK R2 R1 PP S1 S2
490521SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
RANBAXY 520.67 516.33 511.22 506.88 501.77
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Reliance CapitalReliance Capital
www.capitalvia.com 35
Technical Picture
Figure: 34 : Nifty50 Graph
Technical Overview
Weekly Pivots
Reliance capital from the last few trading session moving in a downward and in today's trading session it was up by 3.35%.It is now taking support at 468 and resistance at 494. One can go for long position in it at 494 above this level it would be inan upward trend.
STOCK R2 R1 PP S1 S2
468494SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
RELCAPITAL 503.5 495.6 483.8 475.9 464.1
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Reliance CommunicationsReliance Communications
www.capitalvia.com 36
Technical Picture
Figure: 35 : Nifty50 Graph
Technical Overview
Weekly Pivots
After making a high of 113.80 this stock has corrected and made a low of 79.40. It is now taking support at 79 andresistance at 82. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 88 elsebelow 78 it would be in a downward trend.
STOCK R2 R1 PP S1 S2
7882SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
RCOM 89.28 87.17 83.68 81.57 78.08
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Reliance IndustriesReliance Industries
www.capitalvia.com 37
Technical Picture
Figure: 36 : Nifty50 Graph
Technical Overview
Weekly Pivots
It is taking resistance at 968 and support at 934. It is looking strong on charts from this level further upside of movementwould be expected, one can go for long position in at 968 above this level it would be in an upward trend else below 934 itwould be in a downward trend.
STOCK R2 R1 PP S1 S2
934968SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
RELIANCE 962.95 9 54.2 944.15 935.4 925.35
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Reliance InfrastructureReliance Infrastructure
www.capitalvia.com 38
Technical Picture
Figure: 37 : Nifty50 Graph
Technical Overview
Weekly Pivots
It is now taking support at 526 and resistance at 572. It is now moving in an upward trend; from this level further upside ofmovement would be expected. It is looking positive in the coming trading session if it manages to trade above theresistance level of 572 else below 526 it would might face more selling pressure.
STOCK R2 R1 PP S1 S2
526572SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
RELINFRA 580.93 569.92 553.98 542.97 527.03
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Reliance PowerReliance Power
www.capitalvia.com 39
Technical Picture
Figure: 38 : Nifty50 Graph
Technical Overview
Weekly Pivots
Reliance Power had been moving between ranges of 112 to 109. In today's trading session it broke the resistance level of112 and made a high of 118.90, from this level further upside of movement would be expected. It looking strong on chart,one can go for long position in it at 120 for the target of 135.
STOCK R2 R1 PP S1 S2
107120SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
RPOWER 123.7 1 19.7 114.9 110.9 106.1
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Siemens IndiaSiemens India
www.capitalvia.com 40
Technical Picture
Figure: 39 : Nifty50 Graph
Technical Overview
Weekly Pivots
In today's trading session it manages to close near to the resistance level of 875. It is now trading at 869.25; from this levelfurther upside of movement would be expected. It is looking strong on charts; one can go for long position in it at 875above this level it would be in an upward trend.
STOCK R2 R1 PP S1 S2
850875SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
SIEMENS 883.58 876.42 865.78 858.62 847.98
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Sterlite Industries IndiaSterlite Industries India
www.capitalvia.com 41
Technical Picture
Figure: 40 : Nifty50 Graph
Technical Overview
Weekly Pivots
In today's trading session it manages to trade and close near to the resistance level of 171 and it is now trading at 167.45,from this level further upside of movement would be expected. It is now taking resistance at 171 and support at 166. Onecan go for long position in it at 171 for the target of 180.
STOCK R2 R1 PP S1 S2
166171SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
STER 170.05 16 8.75 1 67.9 1 66.6 165.75
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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State Bank of IndiaState Bank of India
www.capitalvia.com 42
Technical Picture
Figure: 41 : Nifty50 Graph
Technical Overview
Weekly Pivots
SBI drifted to the 2165 and it was up by 2.12 %. It is now taking support at 2160 below this further downside of movementwould be expected else above 2245 it would be in an upward trend. One can go for long position in it at 2242 for the targetof 2280.
STOCK R2 R1 PP S1 S2
21602242SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
SBIN 2267.22 2250.93 2225.97 2209.68 2184.72
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Steel Authority of IndiaSteel Authority of India
www.capitalvia.com 44
Technical Picture
Figure: 43 : Nifty50 Graph
Technical Overview
Weekly Pivots
A positive opening made it to trade and close above the 10 days and 50 days moving averages. It is now taking support at138 and resistance at 146.It is looking bullish in the coming trading session if it manages to trade and close above theresistance level of 146 else below 138 it would might face more selling pressure.
STOCK R2 R1 PP S1 S2
138146SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
SAIL 145.63 144.57 143.28 142.22 140.93
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Sun PharmaceuticalsSun Pharmaceuticals
www.capitalvia.com 45
Technical Picture
Figure: 44 : Nifty50 Graph
Technical Overview
Weekly Pivots
Sun Pharma is looking strong on chart; it is now taking support at 431 and resistance at 450. It is looking bullish in thecoming trading session if it manages to trade above the resistance of 450 else below 431 it would be in a downward trend.
STOCK R2 R1 PP S1 S2
431450SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
SUNPHARMA 455.78 450.37 444.18 438.77 432.58
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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GrasimGrasim
www.capitalvia.com 46
Technical Picture
Figure: 45 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock showed a continuous up movement during the week and ended on a negative note. The stock is now facingresistance at 2300 and has support at 2220. Break of support may take the stock further down. One may go for selling thestock once it breaks its support.
STOCK R2 R1 PP S1 S2
22002300SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
GRASIM 2314.65 2282.3 2256.65 2224.3 2198.65
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Tata MotorsTata Motors
www.capitalvia.com 48
Technical Picture
Figure: 47 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock had an either side movement this week and had a steep downfall in today's trading session post its quarterlyresults. It now has support at 1055, breach of this level may continue its bearish trend else It may also bounce back fromlower support levels.
STOCK R2 R1 PP S1 S2
10551115SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
TATAMOTORS 1208.28 1148.57 1115.28 1055.57 1022.28
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Tata SteelTata Steel
www.capitalvia.com 49
Technical Picture
Figure: 48 : Nifty50 Graph
Technical Overview
Weekly Pivots
Tata steel is currently moving in consolidation phase after a bearish trend previously. It has major support at 555; breach ofthis level may take the stock further downwards else it may also bounce back from lower support levels.
STOCK R2 R1 PP S1 S2
555585SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
TATASTEEL 602.47 59 3.83 579.77 571.13 557.07
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Tata Power SupplyTata Power Supply
www.capitalvia.com 50
Technical Picture
Figure: 49 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock had an either side movement this week. one should now wait for crossing of levels on either side before takingany positions in it.
STOCK R2 R1 PP S1 S2
11801232SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
TATAPOWER 1240.03 1222.72 1205.63 1188.32 1171.23
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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Wipro Corporation Wipro Corporation
www.capitalvia.com 52
Technical Picture
Figure: 51 : Nifty50 Graph
Technical Overview
Weekly Pivots
The stock is moving in a tight range. Its next major resistance level at 455, crossing of this will continue the uptrend of thestock.
STOCK R2 R1 PP S1 S2
430450SUPPORTRESISTANCE
G l o b a l R e s e a r c h L i m i t e d
WIPRO 451.55 4 46.8 439.95 4 35.2 428.35
8/6/2019 Nifty 50 Reports for the Week (from 30th May – 3rd June ’11)
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