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Nifty 50 Reports for the Week (20th - 24th December - 2010)

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8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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   o   m

WEEKLY

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

WEEKLY

STOCKS REPORTS20th Dec - 25th Dec 2010

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 1 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

2

TECHNICAL OVERVIEW

ACC   W   E   E   K   A   H   E   A   D

Weekly Pivots

   A   C   C

The stock consolidated throughout this week. One could go for buy on dips for this stock. It

faces next resistance at 1103; crossing of this level may take the stock further up. RESISTANCE 1103

SUPPORT 968

STOCK R2 R1 PP S1 S2

ACC 1104.93 1090.07 1065.03 1050.17 1025.13

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Technical Picture

Figure: 2 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

3

TECHNICAL OVERVIEW

AMBUJA CEMENT   W   E   E   K   A   H   E   A   D

Weekly Pivots

   A   M   B   H   U   J   A

   C   E   M   E   N   T

The stock is consolidating from last many trading sessions. It now faces resistance at 145;

crossing of this level may take the stock further up till the levels of 148-150 in near run. One

could adopt buy on dip strategy in this stock.

RESISTANCE 145

SUPPORT 127

STOCK R2 R1 PP S1 S2

AMBUJACEM 142.58 140.57 136.93 134.92 131.28

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Technical Picture

Figure: 3 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

4

TECHNICAL OVERVIEW

AXIS   W   E   E   K   A   H   E   A   D

Weekly Pivots

   A   X   I   S

The stock had an up rally in today's trading session and gained up to 6.25%. it now faces

resistance at 1345, crossing of this level may take up the stock till the levels of 1385-1390 in

coming trading sessions while it has support at 1215.

RESISTANCE 1385

SUPPORT 1215

STOCK R2 R1 PP S1 S2

AXISBANK 1339.32 1324.33 1304.72 1289.73 1270.12

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Technical Picture

Figure: 4 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

5

TECHNICAL OVERVIEW

BAJAJ AUTO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   A   J   A   J   A   U   T   O

The stock moved with negative sentiments in today's trading session. It now has support at

1427, breach of this level may take the stock further down till the levels of 1410-1400 in

coming trading sessions else it may also bounce back from lower support levels. One could

go for sell on rise strategy in this stock.

RESISTANCE 1515

SUPPORT 1427

STOCK R2 R1 PP S1 S2

BAJAJ-AUTO 1498.12 1476.23 1453.12 1431.23 1408.12

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Technical Picture

Figure: 5 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

6

TECHNICAL OVERVIEW

BHEL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   H   E   L

The stock had either side movement in this week. One could go for buy on dips strategy as it

is expected to continue holding bullish trend until it breaches the level of 2140 in downside. RESISTANCE 2380

SUPPORT 2140

STOCK R2 R1 PP S1 S2

BHEL 2381.53 2345.22 2292.68 2256.37 2203.83

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Technical Picture

Figure: 6 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

7

TECHNICAL OVERVIEW

BPCL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   P   C   L

The stock is facing range bound movement currently. It faces next resistance at 725, crossing

of which may bring some northward movement while it has support at 655. RESISTANCE 725

SUPPORT 655

STOCK R2 R1 PP S1 S2

BPCL 722.03 710.77 698.63 687.37 675.23

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Technical Picture

Figure: 7 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

8

TECHNICAL OVERVIEW

BHARTI AIRTEL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   B   H   A   R   T

   I   A   I   R   T   E   L

The stock has tried to take support at lower levels and is positively biased. One could go for

buy on dip strategy in this stock until it breaches level of 320 in downside. RESISTANCE 355

SUPPORT 320

STOCK R2 R1 PP S1 S2

BHARTIARTL 350.07 347.18 343.62 340.73 337.17

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Technical Picture

Figure: 8 : Nifty50 Graph

WEEKLY

20th Dec to 25th Dec 2010

www.capitalvia.com

R E S E A R C H

9

TECHNICAL OVERVIEW

CIPLA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   C   I   P   L   A

The stock has moved in a sideways trend this week. It now has next support at 335; breach of

this level may take the stock further down. RESISTANCE 374

SUPPORT 335

STOCK R2 R1 PP S1 S2

CIPLA 364.47 360.58 354.92 351.03 345.37

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Technical Picture

Figure: 9 : Nifty50 Graph

www.capitalvia.com

R E S E A R C H

10

TECHNICAL OVERVIEW

CAIRN   W   E   E   K   A   H   E   A   D

Weekly Pivots

   C   A   I   R   N

The stock is positively biased from last many trading sessions. One could go for buying on dip

strategy in this stock till it breaches 307 in downside. It faces resistance at 336; crossing of

this level may take up the stock 340-345 in coming trading sessions.

RESISTANCE 336

SUPPORT 307

STOCK R2 R1 PP S1 S2

WEEKLY

20th Dec to 25th Dec 2010

CAIRN 334.45 331.8 330.05 327.4 325.65

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Technical Picture

Figure: 10 : Nifty50 Graph

www.capitalvia.com

R E S E A R C H

11

TECHNICAL OVERVIEW

DLF   W   E   E   K   A   H   E   A   D

Weekly Pivots    D   L   F

The stock had either side movement this week. It has support at 270; breach of this level may

take the stock down till the levels of 260 in near term. One could go for sell on rise strategy in

this stock.

RESISTANCE 304

SUPPORT 270

STOCK R2 R1 PP S1 S2

WEEKLY

20th Dec to 25th Dec 2010

DLF 289.2 285.5 280.3 276.6 271.4

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Technical Picture

Figure: 11 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

DR REDDY   W   E   E   K   A   H   E   A   D

Weekly Pivots

   D   R   R   E   D   D   Y

Dr.Reddy has Bullish trend. The stock trading in sideways trend has important support level

at 1740 above which if the stock price sustains then it may continue to trade in uptrend. The

stock is looking risky below the support level.

RESISTANCE 1830

SUPPORT 1765

STOCK R2 R1 PP S1 S2

www.capitalvia.com 12

WEEKLY

20th Dec to 25th Dec 2010

DRREDDY 1816.1 1802.45 1791.25 1777.6 1766.4

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Technical Picture

Figure: 12 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

GAIL INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   D   R   R   E   D   D   Y

GAIL India is in consolidation state. The stock is not lucrative in the short term and wait for

proper breakout in it RESISTANCE 515

SUPPORT 490

STOCK R2 R1 PP S1 S2

www.capitalvia.com 13

WEEKLY

20th Dec to 25th Dec 2010

GAIL 506.2 503.1 499.3 496.2 492.4

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Technical Picture

Figure: 13 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

HCL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   C   L

HCL has bullish trend. The stock is trading in uptrend and above the resistance level of 456

the stock may further continue the trend in the short run. RESISTANCE 456

SUPPORT 440

STOCK R2 R1 PP S1 S2

www.capitalvia.com 14

WEEKLY

20th Dec to 25th Dec 2010

HCLTECH 455.97 452.48 448.02 444.53 440.07

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Technical Picture

Figure: 14 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

HDFC BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   D   F   C   B   A   N   K

HDFC Bank has bounced back sharply from the support level and sustaining above it. So this

will act as a crucial support level moving forward. RESISTANCE 2250

SUPPORT 2150

STOCK R2 R1 PP S1 S2

www.capitalvia.com 15

WEEKLY

20th Dec to 25th Dec 2010

HDFCBANK 2259.73 2230.27 2190.13 2160.67 2120.53

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Technical Picture

Figure: 15 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

HOUSING DEVELOPMENT FINANCE   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   O   U   S

   I   N   G   D   E   V   E   L   O   P   M   E   N   T   F   I   N   A   N   C   E

Housing Development Finance trading in sideways trend with the negative bias. The stock

has important support level of 675 in the short run below which it may show some more

correction in the coming time.

RESISTANCE 695

SUPPORT 675

STOCK R2 R1 PP S1 S2

www.capitalvia.com 16

WEEKLY

20th Dec to 25th Dec 2010

HDFC 705.57 697.03 684.27 675.73 662.97

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Technical Picture

Figure: 16 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

HERO HONDA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   E   R   O

   H   O   N   D   A

Hero Honda is in bearish trend. The stock has bounced back from the support level and has

strong closing. So the level of 1560 will be crucial support level moving forward and the

stock has important resistance at 1710 in the short run.

RESISTANCE 1710

SUPPORT 1620

STOCK R2 R1 PP S1 S2

www.capitalvia.com 17

WEEKLY

20th Dec to 25th Dec 2010

HEROHONDA 1771.57 1726.63 1657.57 1612.63 1543.57

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Technical Picture

Figure: 17 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

HINDALCO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   I

   N   D   A   L   C   O

Hindalco has shown an explosive rally in the today session. The stock is looking bullish and a

decisive breakout above the level of 228 will continue the uptrend in the coming time. RESISTANCE 228

SUPPORT 215

STOCK R2 R1 PP S1 S2

www.capitalvia.com 18

WEEKLY

20th Dec to 25th Dec 2010

HINDALCO 230.68 227.42 221.83 218.57 212.98

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Technical Picture

Figure: 18 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

HUL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   H   U   L

HUL is trading in sideways trend with the negative bias. The stock has crucial support level of

288 in the short run below which the stock may show some more correction in the coming

time

RESISTANCE 300

SUPPORT 288

STOCK R2 R1 PP S1 S2

www.capitalvia.com 19

WEEKLY

20th Dec to 25th Dec 2010

HINDUNILVR 303.4 298.7 295.75 291.05 288.1

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Technical Picture

Figure: 19 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

ICICI BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   I   C   I   C   I   B   A   N   K

ICICI Bank is trading in sideways trend with the negative bias. The stock is sustaining above

the short term support level of 1065 and has good closing. So above the resistance level it

may show some more upside in the coming time

RESISTANCE 1135

SUPPORT 1165

STOCK R2 R1 PP S1 S2

www.capitalvia.com 20

WEEKLY

20th Dec to 25th Dec 2010

ICICIBANK 1139.38 1122.57 1095.33 1078.52 1051.28

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Technical Picture

Figure: 20 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

IDFC   W   E   E   K   A   H   E   A   D

Weekly Pivots

   I   D   F   C

IDFC is facing resistance at the higher level. The stock is trading with the weak sentiments

and has support level at 168 below this the stock may continue the trend in the coming time. RESISTANCE 177

SUPPORT 168

STOCK R2 R1 PP S1 S2

www.capitalvia.com 21

WEEKLY

20th Dec to 25th Dec 2010

IDFC 176.63 173.67 170.68 167.72 164.73

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Technical Picture

Figure: 21 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

INFOSYS TECHNOLOGIES   W   E   E   K   A   H   E   A   D

Weekly Pivots

   I   N   F   O   S

   Y   S   T   E   C   H   N   O   L   O   G   I   E   S

Infosys Technologies in today's trading session moving in an uptrend and it was up by 2.80

%.It is now taking resistance at 3300 and support at 3210. It is looking bullish in the coming

trading session if it manages to trade below the resistance level of 3300 else it has support at

3210 below this level it would might be in a downtrend.

RESISTANCE 3300

SUPPORT 3210

STOCK R2 R1 PP S1 S2

www.capitalvia.com 22

WEEKLY

20th Dec to 25th Dec 2010

INFOSYSTCH 3357.77 3325.53 3267.77 3235.53 3177.77

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Technical Picture

Figure: 22 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

ITC   W   E   E   K   A   H   E   A   D

Weekly Pivots    I   T   C

In today's trading session it was moving below the 10 days and 50 days moving averages it

was up by 0.63% from this level either side of movement would be expected. In order to be

in an uptrend it has to trade and consolidate above the 10 days and 50 days moving

averages. It is looking bearish in the coming trading session one can go for short position in it

at 161 else above 174 it would be in an uptrend.

RESISTANCE 174

SUPPORT 161

STOCK R2 R1 PP S1 S2

www.capitalvia.com 23

WEEKLY

20th Dec to 25th Dec 2010

ITC 171.18 169.62 166.88 165.32 162.58

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Technical Picture

Figure: 23 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

JAIPRAKASH ASSOCIATES   W   E   E   K   A   H   E   A   D

Weekly Pivots

   J   A   I   P   R   A

   K   A   S   H   A   S   S

   O   C   I   A   T   E   S

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

trading session it was down by 0.48 % and closed below the 10 days and 50 days moving

averages. It has resistance at 109 and support at 98. One can take a long position in it, above

109 it would be in an uptrend.

RESISTANCE 109

SUPPORT 98

STOCK R2 R1 PP S1 S2

www.capitalvia.com 24

WEEKLY

20th Dec to 25th Dec 2010

JPASSOCIAT 106.95 105.35 103.4 101.8 99.85

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Technical Picture

Figure: 24 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

JINDAL STEEL & POWER   W   E   E   K   A   H   E   A   D

Weekly Pivots

   J   I   N   D   A   L   S   T   E   E   L   &

   P   O   W   E   R

It is taking support at the level of 635, from the last few trading session it was moving

sideways in today's trading session it was up by 0.71 %.It is looking bearish in the coming

trading session, one can go for short position in it at 635 else it has resistance at 715 above

this level it would might be in an uptrend.

RESISTANCE 715

SUPPORT 635

STOCK R2 R1 PP S1 S2

www.capitalvia.com 25

WEEKLY

20th Dec to 25th Dec 2010

JINDALSTEL 689.92 680.43 665.37 655.88 640.82

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Technical Picture

Figure: 25 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

LARSEN AND TOUBRO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   L   A   R

   S   E   N   A   N   D

   T   O   U   B   R   O

In today's trading session it was moving sideways and closed below the 10 days and 50 days

moving averages from this level either side of movement would be expected. It is looking

bullish in the coming trading session, one can go for long position in it at 2065 else it has

support at 1894 below this level it would be in a down trend.

RESISTANCE 2065

SUPPORT 1894

STOCK R2 R1 PP S1 S2

www.capitalvia.com 26

WEEKLY

20th Dec to 25th Dec 2010

LT 2019.7 2001.5 1986.8 1968.6 1953.9

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Technical Picture

Figure: 26 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

KOTAK MAHINDRA BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   K   O   T   A   K

   M   A   H   I   N   D   R

   A   B   A   N   K

Kotak Mahindra Bank from the last few trading moving in a down trend in today's trading

session it was down by 3.20 % and closed 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 435. It

has resistance at 497 above this level it would be in an uptrend else below 435 it would

might face more selling pressure.

RESISTANCE 497

SUPPORT 435

STOCK R2 R1 PP S1 S2

www.capitalvia.com 27

WEEKLY

20th Dec to 25th Dec 2010

KOTAKBANK 478.62 471.43 459.27 452.08 439.92

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Technical Picture

Figure: 27 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

MAHINDRA & MAHINDRA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   M   A   H   I   N

   D   R   A   &   M   A

   H   I   N   D   R   A

In today's trading session it manages to close below the 10 days and 50 days moving

averages and it has very strong support at 682. It is looking bearish in the coming trading

session if it manages to trade below the support level of 682 else above 815 it would be in an

uptrend.

RESISTANCE 815

SUPPORT 682

STOCK R2 R1 PP S1 S2

www.capitalvia.com 28

WEEKLY

20th Dec to 25th Dec 2010

M&M 766.32 749.63 735.32 718.63 704.32

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 28 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

MARUTI SUZUKI INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   M   A   R   U   T   I   S   U   Z   U

   K   I   I   N   D   I   A

It is taking support at 1330 and resistance at 1446. It is now trading at 1378 from the last

few trading session it was moving sideways form 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 1446 else it has support level of 1330 below this level it would might face

more selling pressure.

RESISTANCE 1446

SUPPORT 1330

STOCK R2 R1 PP S1 S2

www.capitalvia.com 29

WEEKLY

20th Dec to 25th Dec 2010

MARUTI 1414.5 1396.25 1380.75 1362.5 1347

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Technical Picture

Figure: 30 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

ONGC   W   E   E   K   A   H   E   A   D

Weekly Pivots

   O   N   G   C

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

by 0.47 %. It has resistance at 1365 and support at 1246. It is looking positive in the coming

trading session if it manages to trade above the resistance level of 1365 else it has support at

1246 below this level it would might face more selling pressure.

RESISTANCE 1365

SUPPORT 1246

STOCK R2 R1 PP S1 S2

www.capitalvia.com 31

WEEKLY

20th Dec to 25th Dec 2010

ONGC 1357.98 1343.97 1323.98 1309.97 1289.98

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 31 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

POWER GRID CORPORATION OF INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   P   O   W   E

   R   G   R   I   D   C   O   R

   P   O   R   A   T   I   O   N   O   F   I   N   D   I   A

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

moving averages from this level either side of movement would be expected. It is looking

bearish in the coming trading session one can go for short position in it at 91 else it has

resistance at 100 above this level it would might be in an bullish trend.

RESISTANCE 100

SUPPORT 91

STOCK R2 R1 PP S1 S2

www.capitalvia.com 32

WEEKLY

20th Dec to 25th Dec 2010

POWERGRID 97.47 96.78 96.07 95.38 94.67

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Technical Picture

Figure: 32 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

PUNJAB NATIONAL BANK   W   E   E   K   A   H   E   A   D

Weekly Pivots

   P   U   N   J   A   B   N   A   T   I   O   N   A   L   B   A   N   K

PNB from the last few trading session moving sideways and it manages to trade below the

10 days and 50 days moving averages. It is taking support at 1152 and resistance at 1289. It

is looking bullish in the coming trading session if it manages to trade above the resistance

level of 1289 else below 1152 it would might face more selling pressure.

RESISTANCE 1289

SUPPORT 1152

STOCK R2 R1 PP S1 S2

www.capitalvia.com 33

WEEKLY

20th Dec to 25th Dec 2010

PNB 1240.52 1226.03 1206.12 1191.63 1171.72

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 33 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

RANBAXY   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R

   A   N   B   A   X   Y

Ranbaxy was moving in a downward trend and closed below the 10 days and 50 days

moving averages. It is now taking support at 530 and resistance at 590. 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 one can go for short position in it at 530 else it

has resistance at 590 above this level it would be in an uptrend.

RESISTANCE 590

SUPPORT 530

STOCK R2 R1 PP S1 S2

www.capitalvia.com 34

WEEKLY

20th Dec to 25th Dec 2010

RANBAXY 556.53 551.77 545.98 541.22 535.43

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Technical Picture

Figure: 34 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE CAPITAL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C   E

   C   A   P   I   T   A   L

Reliance Capital from the last few trading session moving sideways and it was up by 1.24 %.

It is now taking resistance at 725 and support at 615 from this level either side of movement

would be expected. It is looking bearish in the coming trading session if it manages to trade

and consolidate below the support level of 615 else it has resistance at 725 above this level it

would be in an uptrend.

RESISTANCE 725

SUPPORT 615

STOCK R2 R1 PP S1 S2

www.capitalvia.com 35

WEEKLY

20th Dec to 25th Dec 2010

RELCAPITAL 662.5 656.2 647.6 641.3 632.7

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 35 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE COMMUNICATION   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C

   E   C   O   M   M   U   N

   I   C   A   T   I   O   N

In today's trading session it was down by 0.31 % now it is taking support at 119 and

resistance at 144. It is looking bearish in the coming trading one can go for short position in it

at 119 else it has resistance at the level of 144 above this it would might be in a bullish trend.

RESISTANCE 144

SUPPORT 119

STOCK R2 R1 PP S1 S2

www.capitalvia.com 36

WEEKLY

20th Dec to 25th Dec 2010

RCOM 132.65 130.8 128.55 126.7 124.45

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 36 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE INDUSTRIES   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R

   E   L   I   A   N   C   E   I   N   D   U   S   T   R   I   E   S

It is taking resistance at 1088 and support at 978.It is looking positive in the coming trading

session one can go for long position in at 1088 else below 978 it would might face more

selling pressure.

RESISTANCE 1088

SUPPORT 978

STOCK R2 R1 PP S1 S2

www.capitalvia.com 37

WEEKLY

20th Dec to 25th Dec 2010

RELIANCE 1072.25 1064.55 1052.3 1044.6 1032.35

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 37 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE INFRAUSTRUCTURE   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C   E   I   N   F   R   A   U   S   T   R   U   C   T   U   R   E

Reliance Infra from the last few trading session it was moving sideways and its was by 0.56

%. It is looking bullish in the coming trading session one can go for long position it at 892

above this level it would might be in an upward trend else it has support at 750 below this

level it would be in a bearish trend.

RESISTANCE 892

SUPPORT 750

STOCK R2 R1 PP S1 S2

www.capitalvia.com 38

WEEKLY

20th Dec to 25th Dec 2010

RELINFRA 846.2 837.75 824.45 816 802.7

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Technical Picture

Figure: 38 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE POWER   W   E   E   K   A   H   E   A   D

Weekly Pivots

   R   E   L   I   A   N   C   E   P   O   W   E   R

The stock has been consolidating from last many trading sessions. It now faces support level

at 147.50, breach of this level may bring some more selling pressure in the stock else it may

also bounce back from lower support levels.

RESISTANCE 165

SUPPORT 147.50

STOCK R2 R1 PP S1 S2

www.capitalvia.com 39

WEEKLY

20th Dec to 25th Dec 2010

RPOWER 158.72 155.53 153.27 150.08 147.82

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 39 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

SIEMENS   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   I   E   M   E   N   S

The stock tried to take support at lower levels and is consolidating from last a few trading

sessions. It faces resistance at 805 while major support is seen at 730. One has to wait for

crossing of levels on either side.

RESISTANCE 805

SUPPORT 730

STOCK R2 R1 PP S1 S2

www.capitalvia.com 40

WEEKLY

20th Dec to 25th Dec 2010

SIEMENS 797.65 787.2 772.55 762.1 747.45

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 40 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

STERLITE   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   T   E   R   L   I   T   E

The stock now faces resistance at 175; crossing of this level may bring some more northward

movement in the stock. So one could go for buying on dip strategy in the stock as it has tried

to take support at lower levels and recovered.

RESISTANCE 175

SUPPORT 157

STOCK R2 R1 PP S1 S2

www.capitalvia.com 41

WEEKLY

20th Dec to 25th Dec 2010

STER 179.08 175.82 170.93 167.67 162.78

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 41 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

STATE BANK OF INDIA   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   T   A   T   E   B   A   N   K   O   F   I   N   D   I   A

The stock had a very tight range bound movement throughout this week as important credit

policy of RBI was scheduled to come this week. One has to wait for crossing of levels on

either side before taking any positions in the stock.

RESISTANCE 2817

SUPPORT 2650

STOCK R2 R1 PP S1 S2

www.capitalvia.com 42

WEEKLY

20th Dec to 25th Dec 2010

SBIN 2841.38 2802.17 2739.78 2700.57 2638.18

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 42 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

SAIL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   A   I   L

The stock had either side movement this week. It now faces resistance at 192; crossing of

this level may bring some more northward movement in the stock while it faces support at

170, breach of this level may bring some southward movement. One has to wait crossing of

levels on either side.

RESISTANCE 192

SUPPORT 170

STOCK R2 R1 PP S1 S2

www.capitalvia.com 43

WEEKLY

20th Dec to 25th Dec 2010

SAIL 196.48 192.37 184.83 180.72 173.18

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Technical Picture

Figure: 43 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

SUN PHARMACEUTICAL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   U   N   P   H   A   R   M   A   C

   E   U   T   I   C   A   L

Sun Pharma is in consolidation state. The stock is not looking lucrative in the short term. So

wait for proper breakout in it. RESISTANCE 460

SUPPORT 435

STOCK R2 R1 PP S1 S2

www.capitalvia.com 44

WEEKLY

20th Dec to 25th Dec 2010

SUNPHARMA 458.37 454.18 447.72 443.53 437.07

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 44 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

SUZLON   W   E   E   K   A   H   E   A   D

Weekly Pivots

   S   U   Z   L   O   N

Suzlon has shown an explosive rally in the today session and has strong closing. So above the

immediate resistance of 53 the stock may continue to trade in bullish trend. RESISTANCE 53

SUPPORT 48

STOCK R2 R1 PP S1 S2

www.capitalvia.com 45

WEEKLY

20th Dec to 25th Dec 2010

SUZLON 53.82 52.38 50.07 48.63 46.32

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 45 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

TCS   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   C   S

TCS is trading in bullish trend. The stock has closing above the resistance level and at the

higher level. So the stock may continue the uptrend in the coming time. RESISTANCE 1150

SUPPORT 1115

STOCK R2 R1 PP S1 S2

www.capitalvia.com 46

WEEKLY

20th Dec to 25th Dec 2010

TCS 1169.47 1155.08 1129.62 1115.23 1089.77

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 46 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

TATA MOTOR   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   A   T   A

   M   O   T   O   R

Tata motors has rallies from the support level of 1210. The stock is looking bullish and above

the immediate resistance level of 1370. The stock may continue to move in uptrend in the

coming time.

RESISTANCE 1370

SUPPORT 1290

STOCK R2 R1 PP S1 S2

www.capitalvia.com 47

WEEKLY

20th Dec to 25th Dec 2010

TATAMOTORS 1412.7 1379.85 1335.55 1302.7 1258.4

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 47 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

TATA STEEL   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   A

   T   A   S   T   E   E   L

Tata steel has rallies from the support level of 575. The stock is looking bullish and may

continue the uptrend in the coming time to the level of 675 in the short run. RESISTANCE 675

SUPPORT 640

STOCK R2 R1 PP S1 S2

www.capitalvia.com 48

WEEKLY

20th Dec to 25th Dec 2010

TATASTEEL 675.8 668.1 654.95 647.25 634.1

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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Technical Picture

Figure: 48 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

TATA POWER   W   E   E   K   A   H   E   A   D

Weekly Pivots

   T   A   T   A

   P   O   W   E   R

Tata power has bearish trend. The stock is now in a consolidation state and not looking

lucrative in the short term. So wait for proper breakout in it. RESISTANCE 1330

SUPPORT 1280

STOCK R2 R1 PP S1 S2

www.capitalvia.com 49

WEEKLY

20th Dec to 25th Dec 2010

TATAPOWER 1326.07 1311.73 1292.67 1278.33 1259.27

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Technical Picture

Figure: 50 : Nifty50 Graph

R E S E A R C H

TECHNICAL OVERVIEW

WIPRO   W   E   E   K   A   H   E   A   D

Weekly Pivots

   W   I   P   R   O

Wipro has bullish trend. The stock has continued to trade in uptrend and above the

resistance level of 482 the stock may further continue the trend in the coming time. RESISTANCE 482

SUPPORT 460

STOCK R2 R1 PP S1 S2

www.capitalvia.com 51

WEEKLY

20th Dec to 25th Dec 2010

WIPRO 485.92 477.98 467.57 459.63 449.22

8/8/2019 Nifty 50 Reports for the Week (20th - 24th December - 2010)

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R E S E A R C H

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WEEKLY

20th Dec to 25th Dec 2010