Nifty 50 Reports for the Week (6th - 10th December - 2010)

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  • 8/8/2019 Nifty 50 Reports for the Week (6th - 10th December - 2010)

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    WEEKLY

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

    WEEKLY

    STOCKS REPORTS06th Dec - 11th Dec 2010

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    06th Dec to 11th Dec 2010

    www.capitalvia.com

    R E S E A R C H

    2

    TECHNICAL OVERVIEW

    ACCWEEKAHEAD

    Weekly Pivots

    ACC

    The stock faced sideways movement throughout this week. It faces resistance at 1032, if it

    manages to cross this level one may expect some more upward movement till the levels of

    1045-50 while it faces support at 968; if it manages to cross this level one may expect the

    stock to move till the levels of 945-940 in near run

    RESISTANCE 1015

    SUPPORT 968

    STOCK R2 R1 PP S1 S2

    ACC 1021.78 1001.57 989.78 969.57 957.78

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    06th Dec to 11th Dec 2010

    www.capitalvia.com

    R E S E A R C H

    3

    TECHNICAL OVERVIEW

    AMBUJA CEMENTWEEKAHEAD

    Weekly Pivots

    AMBHUJA

    CEMENT

    The stock had a very tight range bound movement throughout this week. As we have

    already mentioned about the stock that if it sustains above 145, some more northward

    movement is expected. One could go for buying on dip strategy if it sustains above the

    mentioned level.

    RESISTANCE 148

    SUPPORT 133

    STOCK R2 R1 PP S1 S2

    AMBUJACEM 142.57 140.33 138.67 136.43 134.77

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    06th Dec to 11th Dec 2010

    www.capitalvia.com

    R E S E A R C H

    4

    TECHNICAL OVERVIEW

    AXISWEEKAHEAD

    Weekly Pivots

    AXIS

    The stock tried to take support at lower levels and moved in an up rally this week. It gained

    up to 5.70% this week. As we have already mentioned about the stock that one could go for

    buying on dip strategy in it until it crosses 1310 in downside as it is expected to move

    upwards till the levels of 1475-1500 in near run.

    RESISTANCE 1465

    SUPPORT 1310

    STOCK R2 R1 PP S1 S2

    AXISBANK 1483.28 1444.72 1416.78 1378.22 1350.28

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    06th Dec to 11th Dec 2010

    www.capitalvia.com

    R E S E A R C H

    5

    TECHNICAL OVERVIEW

    BAJAJ AUTOWEEKAHEAD

    Weekly Pivots

    BAJAJAUTO

    The stock consolidated this week after having an up rally in previous week. It overall holds

    the bullish trend. It is expected to take an up rally after a short term correction. So buying on

    dip strategy would be suggested for the stock until it crosses 1545 in downside. It faces

    resistance at 1620.

    RESISTANCE 1620

    SUPPORT 1545

    STOCK R2 R1 PP S1 S2

    BAJAJ-AUTO 1650.05 1625.1 1590.55 1565.6 1531.05

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    06th Dec to 11th Dec 2010

    www.capitalvia.com

    R E S E A R C H

    6

    TECHNICAL OVERVIEW

    BHELWEEKAHEAD

    Weekly Pivots

    BHEL

    The stock had a mixed movement this week. It tried to take support at lower levels and

    consolidated. If it sustains above the level of 2290, one may expect northward movement in

    it else it faces support at 2140, crossing of which may bring some more selling pressure in the

    RESISTANCE 2225

    SUPPORT 2140

    STOCK R2 R1 PP S1 S2

    BHEL 2254.18 2233.37 2216.18 2195.37 2178.18

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    06th Dec to 11th Dec 2010

    www.capitalvia.com

    R E S E A R C H

    7

    TECHNICAL OVERVIEW

    BPCLWEEKAHEAD

    Weekly Pivots

    BPCL

    The stock had sideways movement this week. It now faces next resistance at 722; crossing of

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

    655, crossing of which may bring selling pressure in the stock.

    RESISTANCE 722

    SUPPORT 655

    STOCK R2 R1 PP S1 S2

    BPCL 698.52 686.18 678.62 666.28 658.72

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    WEEKLY

    06th Dec to 11th Dec 2010

    www.capitalvia.com

    R E S E A R C H

    8

    TECHNICAL OVERVIEW

    BHARTI AIRTELWEEKAHEAD

    Weekly Pivots

    BHART

    IAIRTEL

    The stock managed to cross its resistance this week and gained as much as 8.70% at one

    point of time as compared to previous week, while after correction overall it gained around

    3.5% this week. It now faces resistance at 370; crossing of this level may take the stock

    further upwards. So one can go for buying on dip strategy in the stock.

    RESISTANCE 370

    SUPPORT 330

    STOCK R2 R1 PP S1 S2

    BHARTIARTL 359.47 352.53 348.07 341.13 336.67

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    Technical Picture

    Figure: 1 : Nifty50 Graph

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    R E S E A R C H

    10

    TECHNICAL OVERVIEW

    CAIRNWEEKAHEAD

    Weekly Pivots

    CAIRN

    The stock has tried to take support at lower levels and moved in an up rally this week. One

    could go for buying on dip strategy in this stock if it crosses its resistance at 336, as crossing

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

    RESISTANCE 336

    SUPPORT 280

    STOCK R2 R1 PP S1 S2

    WEEKLY

    06th Dec to 11th Dec 2010

    CAIRN 334.2 328.65 324.35 318.8 314.5

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    DR REDDYWEEKAHEAD

    Weekly Pivots

    DRREDDY

    Dr.Reddy has bullish trend. The stock made a new 52 weeks high of 1835 in the today's

    session and above the immediate resistance level of 1850 the stock may continue the

    uptrend in the coming time

    RESISTANCE 1850

    SUPPORT 1785

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 12

    WEEKLY

    06th Dec to 11th Dec 2010

    DRREDDY 1858.52 1843.23 1819.62 1804.33 1780.72

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    GAIL INDIAWEEKAHEAD

    Weekly Pivots

    DRREDDY

    GAIL India is in consolidation state. The stock is not looking lucrative in the short term and so

    one should wait for proper breakout in it. RESISTANCE 500

    SUPPORT 470

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    GAIL 498.93 492.37 488.18 481.62 477.43

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HCLWEEKAHEAD

    Weekly Pivots

    HCL

    HCL rallied from the support level of 365. The stock is looking strong and above the

    immediate resistance level of 430 the stock may further continue the uptrend in the coming

    time.

    RESISTANCE 430

    SUPPORT 415

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 14

    WEEKLY

    06th Dec to 11th Dec 2010

    HCLTECH 432.43 428.07 423.13 418.77 413.83

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HDFC BANKWEEKAHEAD

    Weekly Pivots

    HDFCBANK

    HDFC Bank is rallying from the support level of 2235. The stock is looking bullish and above

    the immediate resistance level of 2425 the stock may continue the uptrend in the coming

    time.

    RESISTANCE 2425

    SUPPORT 2330

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    HDFCBANK 2417.22 2406.43 2389.22 2378.43 2361.22

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HOUSING DEVELOPMENT FINANCEWEEKAHEAD

    Weekly Pivots

    HOUS

    INGDEVELOPMENTFINANCE

    Housing Development Finance is in consolidation state. The stock is not looking lucrative in

    the short term and so one should wait for proper breakout in it. RESISTANCE 710

    SUPPORT 680

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 16

    WEEKLY

    06th Dec to 11th Dec 2010

    HDFC 715.13 705.22 698.98 689.07 682.83

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HERO HONDAWEEKAHEAD

    Weekly Pivots

    HERO

    HONDA

    Hero Honda rallied from the support level of 1750. So above this if the stock price sustain

    then upside moments may continue in the coming time. The stock is looking risky below the

    level of 1750 in the short run.

    RESISTANCE 1900

    SUPPORT 1750

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    HEROHONDA 1942.92 1891.23 1833.12 1781.43 1723.32

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HINDALCOWEEKAHEAD

    Weekly Pivots

    HI

    NDALCO

    Hindalco has bearish engulfing pattern and if sustain below the level of 222 then it may

    show downside in the coming time. RESISTANCE 222

    SUPPORT 210

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    HINDALCO 223.25 219.3 215.95 212 208.65

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    HULWEEKAHEAD

    Weekly Pivots

    HUL

    HUL is trading in a sideways trend and so no position is looking lucrative in it. So wait for

    proper breakout in it. RESISTANCE 305

    SUPPORT 292

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 19

    WEEKLY

    06th Dec to 11th Dec 2010

    HINDUNILVR 308.92 304.08 300.67 295.83 292.42

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    ICICI BANKWEEKAHEAD

    Weekly Pivots

    ICICIBANK

    ICICI Bank recovering from the correction phase and the stock is now facing resistance at

    1210. So above this if the stock price sustains then some more upside movements may be

    seen in the coming time.

    RESISTANCE 1210

    SUPPORT 1150

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    ICICIBANK 1203.42 1192.43 1179.72 1168.73 1156.02

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    INFOSYS TECHNOLOGIESWEEKAHEAD

    Weekly Pivots

    INFOS

    YSTECHNOLOGIES

    Infosys Technologies from the last few trading session moving sideways in today trading

    session it was moving in an uptrend and it was up by 0.86 % from this level further upside

    movement would be expected . It is now taking resistance at 3238 and support at 3012. It is

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

    3238 else it has support at 3012 below this level it would be in a downward trend.

    RESISTANCE 3238

    SUPPORT 3012

    STOCK R2 R1 PP S1 S2

    www.capitalvia.com 22

    WEEKLY

    06th Dec to 11th Dec 2010

    INFOSYSTCH 3170.2 3147.6 3125.3 3102.7 3080.4

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    ITCWEEKAHEAD

    Weekly Pivots ITC

    In today's trading session it gave a closing above the 10 days and 50 days moving averages

    and now it is moving in an upward trend with good volume. It is looking positive in the

    coming trading session, if it manages to trade above the resistance level of 173. One can

    take long position in it at 174 else it has support at 164 below this level it would be in a

    downward trend.

    RESISTANCE 173

    SUPPORT 164

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    ITC 176.43 173.87 169.43 166.87 162.43

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    JAIPRAKASH ASSOCIATESWEEKAHEAD

    Weekly Pivots

    JAIPRA

    KASHASS

    OCIATES

    Jaiprakash Associates form the last few trading session it was moving in an uptrend trend. In

    today's trading session it was down by 4.63 % and traded below the 10 days and 50 days

    moving average. It has resistance at 117 and support at 103. One can take a short position in

    it, below 103 it would be in a bearish trend.

    RESISTANCE 117

    SUPPORT 103

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    JPASSOCIAT 116.63 112.02 108.73 104.12 100.83

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    JINDAL STEEL & POWERWEEKAHEAD

    Weekly Pivots

    JINDALSTEEL&

    POWER

    It is taking support at the level of 660, from the last few trading session it was moving in an

    uptrend in today's trading session it was up by 1.49 % and closed above the 10 days moving

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

    at 688 else it has support at 660 below this level it would might face more selling pressure.

    RESISTANCE 687

    SUPPORT 660

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    JINDALSTEL 698.9 689.35 675.45 665.9 652

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    LARSEN AND TOUBROWEEKAHEAD

    Weekly Pivots

    LAR

    SENAND

    TOUBRO

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

    1995 below this level it would be in a downward trend.

    RESISTANCE 2065

    SUPPORT 1995

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    LT 2056.05 2038.7 2017.35 2000 1978.65

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    KOTAK MAHINDRA BANKWEEKAHEAD

    Weekly Pivots

    KOTAK

    MAHINDR

    ABANK

    Kotak Mahindra Bank from the last few trading moving in an uptrend in today's trading

    session it was moving sideways and closed above the 10 days moving averages. It is looking

    bullish in the coming trading session one can go for long position in it at 491. It has

    resistance at 490 above this level it would be in an uptrend else below 475 it would might

    face more selling pressure.

    RESISTANCE 490

    SUPPORT 475

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    KOTAKBANK 496.55 491.2 486.65 481.3 476.75

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    MAHINDRA & MAHINDRAWEEKAHEAD

    Weekly Pivots

    MAHIN

    DRA&MA

    HINDRA

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

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

    resistance level of 815 else it has support at 781 below this level it would might be in a

    downtrend.

    RESISTANCE 815

    SUPPORT 781

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    M&M 812.63 806.27 797.63 791.27 782.63

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    MARUTI SUZUKI INDIAWEEKAHEAD

    Weekly Pivots

    MARUTISUZU

    KIINDIA

    It is taking support at 1376 and resistance at 1429. It is now trading at 1400.60 from the last

    few trading session it was moving in a downtrend from this level either side of movement

    would be expected. Looking bullish in the coming trading session if it manages to trade

    above the resistance level of 1429 else it has support level of 1376 below this level it would

    might face more selling pressure.

    RESISTANCE 1429

    SUPPORT 1376

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    MARUTI 1432.4 1416.5 1403.9 1388 1375.4

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    NTPCWEEKAHEAD

    Weekly Pivots

    NTPC

    In today's trading session it was up by 1.23 % and it manages to trade above the 10 days

    moving averages. After making a low of 175.35 it is continuously moving in an uptrend. It is

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

    level of 189 else it has support at 182 below this level it would might be in a downward

    trend.

    RESISTANCE 189

    SUPPORT 182

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    NTPC 187.45 186.3 184.8 183.65 182.15

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    POWER GRID CORPORATION OF INDIAWEEKAHEAD

    Weekly Pivots

    POWE

    RGRIDCOR

    PORATIONOFINDIA

    After making a low of 91.80 it is continuously moving in an uptrend. In today's trading

    session it manages to trade above the 10 days and 50 days moving averages from this level

    either side of movement would be expected. It is looking positive in the coming trading

    session one can go for long position in it at 103 else it had support at 96 below this level it

    would might face more selling pressure.

    RESISTANCE 102

    SUPPORT 96

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    POWERGRID 102.23 101.02 99.13 97.92 96.03

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    PUNJAB NATIONAL BANKWEEKAHEAD

    Weekly Pivots

    PUNJABNATIONALBANK

    PNB from the last few trading session moving in an uptrend in today's trading session it was

    moving sideways and manages to trade above the 10 days moving averages. It is looking

    positive in the coming trading session one can go for long position in it at 1284 else it has

    support at 1191 below this it would be in a downward trend.

    RESISTANCE 1283

    SUPPORT 1191

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    PNB 1300.55 1287.3 1269.75 1256.5 1238.95

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RANBAXYWEEKAHEAD

    Weekly Pivots

    R

    ANBAXY

    In today's trading session it manages to trade above the 10 days moving averages but it was

    moving in a downward trend. In order to be in an uptrend it has to trade and consolidate

    above the 10 days and 50 days moving averages. It is taking support at 560 below this level it

    would be in a bearish trend else above resistance at 590 it would be bullish in trend.

    RESISTANCE 590

    SUPPORT 560

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    RANBAXY 591.98 583.07 576.08 567.17 560.18

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE CAPITALWEEKAHEAD

    Weekly Pivots

    RELIANCE

    CAPITAL

    In today's trading session it manages to trade above 10 days moving averages after moving

    in an uptrend in today's trading session it was moving sideways from this level either side of

    movement would be expected. It is now taking resistance at 720 above this level it would be

    in an uptrend else it has support at 675 below this level it would be in a downward trend.

    RESISTANCE 720

    SUPPORT 675

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    RELCAPITAL 735.58 722.37 705.78 692.57 675.98

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE COMMUNICATIONWEEKAHEAD

    Weekly Pivots

    RELIANC

    ECOMMUN

    ICATION

    In today's trading session it was down by 1.69 % it now taking support at 131 and resistance

    at 145. It is looking positive in the coming trading in the coming trading session one can go

    for long position in it at 146 else below support level of 131 it would might face more selling

    pressure.

    RESISTANCE 145

    SUPPORT 131

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    RCOM 145.98 142.67 139.58 136.27 133.18

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE INDUSTRIESWEEKAHEAD

    Weekly Pivots

    R

    ELIANCEINDUSTRIES

    It is taking resistance at 1018 and support at 995.It is looking positive in the coming trading

    session one can go for long position in at 1020 else below 995 it would might face more

    selling pressure.

    RESISTANCE 1018

    SUPPORT 995

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    RELIANCE 1035.3 1020.6 1009.3 994.6 983.3

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE INFRAUSTRUCTUREWEEKAHEAD

    Weekly Pivots

    RELIANCEINFRAUSTRUCTURE

    In todays trading session it is was moving sideways and closed above the 10 days moving

    averages. It is looking positive in the coming trading session one can go for long position it at

    892 above this level it would might be in an uptrend else it has support at 867 below this

    level it would be bearish.

    RESISTANCE 892

    SUPPORT 867

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    RELINFRA 898.55 867.5 848.8 817.75 799.05

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    RELIANCE POWERWEEKAHEAD

    Weekly Pivots

    RELIANCEPOWER

    The stock consolidated throughout this week after showing a down rally previously. It now

    faces the support of 150 if it gives closing below to this level then it will continue its down

    trend else may get sideways along with the resistance of 176 ,now stock is looking risky

    thus one should wait in it till determine its further direction.

    RESISTANCE 170

    SUPPORT 150

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    RPOWER 166.07 163.28 161.47 158.68 156.87

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SIEMENSWEEKAHEAD

    Weekly Pivots

    SIEMENS

    The stock is moved with positivity this week after taking support at lower levels. It now faces

    resistance at 188; 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.

    RESISTANCE 188

    SUPPORT 165

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    SIEMENS 793.07 779.18 769.87 755.98 746.67

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    STERLITEWEEKAHEAD

    Weekly Pivots

    STERLITE

    The stock has moved with positivity this week after taking support at lower levels. It 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.

    RESISTANCE 175

    SUPPORT 157

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    STER 175.18 170.52 167.33 162.67 159.48

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    STATE BANK OF INDIAWEEKAHEAD

    Weekly Pivots

    STATEBANKOFINDIA

    The stock had an up rally after taking supports at lower levels and then is consolidating from

    last two trading sessions. It now faces resistance at 3190; crossing of this level may take up

    the stock till the levels of 3230-3250 in coming trading sessions.

    RESISTANCE 3190

    SUPPORT 2850

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    SBIN 3131.58 3101.17 3074.58 3044.17 3017.58

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SAILWEEKAHEAD

    Weekly Pivots

    SAIL

    The stock is moved with positivity this week after taking support at lower levels. It now faces

    resistance at 188; 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. z

    RESISTANCE 188

    SUPPORT 165

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    SAIL 185.73 184.27 182.48 181.02 179.23

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SUN PHARMACEUTICALWEEKAHEAD

    Weekly Pivots

    SUNPHARMAC

    EUTICAL

    Sun Pharma is in bullish trend. The stock is now trading in the sideways trend with the

    negative bias. So below the level of 430 the stock may show some correction in the coming

    time.

    RESISTANCE 460

    SUPPORT 430

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    SUNPHARMA 461.5 453.2 448.1 439.8 434.7

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SUZLONWEEKAHEAD

    Weekly Pivots

    SUZLON

    Suzlon has weak trend. The stock has closing below the support level so it may show some

    more downside in the coming time. RESISTANCE 54.5

    SUPPORT 50

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    SUZLON 54.57 53.13 51.97 50.53 49.37

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TCSWEEKAHEAD

    Weekly Pivots

    TCS

    TCS rallied from the support level. The stock is looking bullish and has closing on the higher

    level. So above the resistance level of 1115 it may further continue the uptrend in the

    coming time.

    RESISTANCE 1115

    SUPPORT 1075

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    TCS 1122.35 1109.85 1100.5 1088 1078.65

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TATA MOTORWEEKAHEAD

    Weekly Pivots

    TATA

    MOTOR

    Tata motors has double top pattern. So a weak opening in the coming session may signal

    bearish reversal in the stock. RESISTANCE 1350

    SUPPORT 1350

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    TATAMOTORS 1365.2 1339.95 1321.45 1296.2 1277.7

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TATA STEELWEEKAHEAD

    Weekly Pivots

    TA

    TASTEEL

    Tata steel has good resistance at 630. The stock has sideways pattern. So selling on higher

    level will be good strategy in the short run. RESISTANCE 631

    SUPPORT 631

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    TATASTEEL 633.65 624.1 615.25 605.7 596.85

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    TATA POWERWEEKAHEAD

    Weekly Pivots

    TATA

    POWER

    Tata power is trading in bearish trend. The stock has weak closing and below the support

    level of 1280 it may some more downside in the coming time. RESISTANCE 1325

    SUPPORT 1280

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    TATAPOWER 1319.45 1304.9 1296.45 1281.9 1273.45

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    SESA GOAWEEKAHEAD

    Weekly Pivots

    SESAGOA

    The stock is currently moving in a sideways trend. It faces resistance at 313.60; crossing of

    this level may take the stock further up while it faces support at 295. RESISTANCE 313.60

    SUPPORT 295

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    SESAGOA 317.78 312.97 306.48 301.67 295.18

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    Technical Picture

    Figure: 1 : Nifty50 Graph

    R E S E A R C H

    TECHNICAL OVERVIEW

    WIPROWEEKAHEAD

    Weekly Pivots

    WIPRO

    Wipro is trading in the sideways trend with the positive bias. So a decisive breakout above

    the resistance level may show upside in the coming time. RESISTANCE 440

    SUPPORT 415

    STOCK R2 R1 PP S1 S2

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    WEEKLY

    06th Dec to 11th Dec 2010

    WIPRO 438.13 432.87 428.43 423.17 418.73

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    R E S E A R C H

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    WEEKLY

    06th Dec to 11th Dec 2010