nifty 50 reports for the week (13th - 17th june '11)

8/6/2019 Nifty 50 Reports for the Week (13th - 17th June '11)

1/52

NIFTY50NIFTY50

WEEKLY REPORT13th June - 17th June 2011

Global Research L imited


2/52www.capitalvia.com 3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview

Weekly Pivots

The stock had a correction phase this week. it has next major support at 985, breach of this level will take the stock further

downwards.

STOCK R2 R1 PP S1 S2

9851039

SUPPORTRESISTANCE

ACCACC


ACC 1069.03 1036.27 1016.23 983.47 963.43


3/52


4/52

Axis BankAxis Bank

www.capitalvia.com 4

Technical Picture


Technical Overview

Weekly Pivots

The stock has tried to take resistance at higher levels and is now facing a correction phase. It has next support at 1205;

breach of this level will take the stock further downwards.


12051285

SUPPORTRESISTANCE


AXISBANK 1276.82 1255.98 1232.07 1211.23 1187.32


5/52

Bajaj Auto Ltd.Bajaj Auto Ltd.


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently. One could go for buy on dip for the stock until it breaches the level of 1300 in

downside, as it is expected to move in an uptrend in coming trading sessions.


13001375

SUPPORTRESISTANCE


1387.35 1356.1 1337.65 1306.4 1287.95BAJAJ AUTO


6/52

Bharat Heavy ElectricalBharat Heavy Electrical


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently consolidating after a sharp fall previously. Now the stock's next support is at level of 1900, breach of

this level will continue its bearish trend while it may also bounce back from its major support levels.


19001975

SUPPORTRESISTANCE


BHEL 1966.82 1945.63 1919.82 1898.63 1872.82


7/52

Bharat Petroleum CorporationBharat Petroleum Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock is moving in a bearish trend currently. Its next support is at 599, breach of which will continue its bearish trend.


599633

SUPPORTRESISTANCE


BPCL 633.23 619.57 611.63 597.97 590.03


8/52

Bharti AirtelBharti Airtel


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently. It now faces next resistance at 385, crossing of this level may take the stock further

upwards else it has support at 370, breach of which may take the stock downwards.


370385

SUPPORTRESISTANCE


BHARTIARTL 387.45 380.7 375.85 369.1 364.25


9/52

CiplaCipla


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently moving in an up rally after crossing its resistance level. One could still hold the long positions in the

stock as it is expected to move till the levels of 341-345 in coming trading sessions.


323345

SUPPORTRESISTANCE


CIPLA 346.82 339.63 331.82 324.63 316.82


10/52

Cairn IndiaCairn India


Technical Picture


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 the

stock further down else it may also bounce back.


330355

SUPPORTRESISTANCE


CAIRN 342.15 339.3 335.75 332.9 329.35


11/52

DLFDLF


Technical Picture


Technical Overview

Weekly Pivots

The stock has moved in an up rally previously and is now consolidating. One should wait for sometime in the stock as it is

expected to continue consolidate a bit after a sharp a continuous up rally.


225243

SUPPORTRESISTANCE


DLF 241.28 236.17 232.58 227.47 223.88


12/52

Dr. Reddy LaboratoriesDr. Reddy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

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

stock is now facing resistance at 1590 which is the 10 day moving average of the stock and has support at 1535. The stock

is close to its support level and break of support may take the stock further down. One may go for selling the stock once it

breaks its support.


15351590

SUPPORTRESISTANCE


DRREDDY 1646.7 1604.4 1576.7 1534.4 1506.7


13/52

Gail IndiaGail India


Technical Picture


Technical Overview

Weekly Pivots

The stock showed an up movement during the week. The major trend presently in the stock is sideways. The stock is now

facing resistance at 455 which is the 50 day moving average of the stock and has support at 434. A further up movement

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


434455

SUPPORTRESISTANCE


GAIL 457.65 451.4 441.25 435 424.85


14/52

HCL TechnologiesHCL Technologies


Technical Picture


Technical Overview

Weekly Pivots

The major trend in the stock is sideways and it moved down during the week. The stock is now facing resistance at 520 and

has support at 495. A further down movement can be seen in the stock once it breaks its support level. One may go selling

the stock once it breaks its support level.


495520

SUPPORTRESISTANCE


HCLTECH 522.42 512.63 505.17 495.38 487.92


15/52

HDFC BankHDFC Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and closed with the negative note. A further down movement can be seen in

the stock once it breaks its support level. The stock is presently facing resistance at 2390 and has support at 2310. One may

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


23102390

SUPPORTRESISTANCE


HDFCBANK 2421.62 2392.03 2361.12 2331.53 2300.62


16/52

Housing Development FinanceHousing Development Finance


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous down movement during the week continuing its major down trend and closed with

negative biasness. The stock is presently in a weak trend. The stock is now facing resistance at 669 which is the 10 day

moving average of the stock and has support at 642. Break of support level may take the stock further down. One may go

for selling the stock once it breaks its support level.


642669

SUPPORTRESISTANCE


HDFC 686.33 668.92 657.23 639.82 628.13


17/52

Hero Honda MotorsHero Honda Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous down trend during the week. The trend presently in the stock is weak. The stock is now

facing resistance at 1756 and has support at 1690. As the stock closed with negative biasness a further down movement

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


16901756

SUPPORTRESISTANCE


HEROHONDA 1926.03 1825.22 1769.13 1668.32 1612.23


18/52

Hindalco IndustriesHindalco Industries


Technical Picture


Technical Overview

Weekly Pivots

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

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

stock is now facing resistance at 189 which is the 10 day moving average of the stock and has support at 181.One may go

for buying the stock once it breaks its resistance level.


181189

SUPPORTRESISTANCE


HINDALCO 195.05 189.9 185.8 180.65 176.55


19/52

Hindustan UnileverHindustan Unilever


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and closed with negative biasness. The stock is now facing resistance at 318

and has support at 305. A further down movement can be seen in the stock once it breaks its support level. One may go for

selling the stock once it breaks its support level.


305318

SUPPORTRESISTANCE


HINDU NILVR 326.05 318.75 312.2 304.9 298.35


20/52

ICICI BankICICI BankWeekly Pivots


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and ended negative. The trend presently in the stock is weak. The stock is

now facing resistance at 1059 which is the 10 day moving average of the stock and has support at 1015. Break of support

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


10151059

SUPPORTRESISTANCE


ICICIBANK 1079.57 1057.73 1042.17 1020.33 1004.77


21/52

IDFCIDFC


Technical Picture


Technical Overview

Weekly Pivots

IDFC continued its movements with negative biasness last week also and made weekly low of 132.55. The stock now has

resistance level at 141 and support level at 130. In short term it is expected to continue its negative biasness and to test its

support level.


130141

SUPPORTRESISTANCE


IDFC 140.02 136.68 134.62 131.28 129.22


22/52

Infosys TechnologiesInfosys Technologies


Technical Picture


Technical Overview

Weekly Pivots

INFOSYS showed positive side movement last week and made weekly high of 2904. The stock has resistance level at 2925

and support level at 2830. In short term it is expected to consolidate and remain range bound, technically above the

resistance level it is looking strong on charts.


28302925

SUPPORTRESISTANCE


INFOSYSTCH 2962.68 2912.52 2853.83 2803.67 2744.98


23/52

ITCITC


Technical Picture


Technical Overview

Weekly Pivots

ITC had volatile trading session last week and it closed with overall losses. The stock may take resistance from the level of

199 and it has support level at 189. In short term it is expected to consolidate with positive biasness but remain range

bound in short term.


189199

SUPPORTRESISTANCE


ITC 198.68 195.17 192.83 189.32 186.98


24/52

Jaiprakash AssociatesJaiprakash Associates


Technical Picture


Technical Overview

Weekly Pivots

JP ASSOCIATES remained sideway during last week and close with overall losses. The stock has resistance level at 85 and

support level at 79. In short term it is expected to consolidate with negative biasness and may test its support level.


7985

SUPPORTRESISTANCE


JPASSOCIAT 86.62 84.03 82.32 79.73 78.02


25/52

Jindal Steel & PowerJindal Steel & Power


Technical Picture


Technical Overview

Weekly Pivots

JINDAL STEEL AND POWER consolidated with negative biasness all through last week. The stock has resistance level at 651

and support level at 624. It is expected to consolidate with negative biasness and to test its support level in short term.


624651

SUPPORTRESISTANCE


JINDALSTEL 652.45 641.35 633.7 622.6 614.95


26/52

Larsen and TurboLarsen and Turbo


Technical Picture


Technical Overview

Weekly Pivots

L&T remained sideways in last week and closed with moderate losses. The stock has resistance level at 1737 and support

level at 1654. In short term it is expected to show some correction and to test its support level.


16541737

SUPPORTRESISTANCE


LT 1760.72 1727.38 1702.72 1669.38 1644.72


27/52

Kotak Mahindra BankKotak Mahindra Bank


Technical Picture


Technical Overview

Weekly Pivots

KOTAK MAHINDRA BANK had volatile trading session last week and closed with moderate gain. The stock has support level

at 428 and resistance level at 452. It is expected consolidate and remain range bound in short term.


428452

SUPPORTRESISTANCE


KOTAKBANK 461.3 450.9 441.6 431.2 421.9


28/52

Mahindra and MahindraMahindra and Mahindra


Technical Picture


Technical Overview

Weekly Pivots

M&M showed sideways movement all through last week. The stock has support level at 648 and resistance level at 674.

One should wait for entering in this stock for some time as it is expected to remain volatile.


648674

SUPPORTRESISTANCE


M&M 678.57 670.38 661.17 652.98 643.77


29/52

Maruti Suzuki IndiaMaruti Suzuki India


Technical Picture


Technical Overview

Weekly Pivots

MARUTI is in consolidation phase from last many sessions and last week it continued the same. The stock has resistance

level at 1256 and support level at 1190. In short term it is expected to consolidate and remain range bound. Technically

above the resistance level it is looking strong on charts.


11901256

SUPPORTRESISTANCE


MARUTI 1274.85 1250.75 1220.9 1196.8 1166.95


30/52

NTPC Ltd.NTPC Ltd.


Technical Picture


Technical Overview

Weekly Pivots

NTPC consolidated with positive biasness during last week and made weekly high of 178.85. The stock now has support

level at 172 and resistance level at 181. In short term it is expected to consolidate and remain range bound.


172181

SUPPORTRESISTANCE


NTPC 182.4 179.3 175.75 172.65 169.1


31/52

Oil and Natural Gas CorpOil and Natural Gas Corp


Technical Picture


Technical Overview

Weekly Pivots

ONGC battered down to the level of 264.10 and it is now trading at 266.85, in today's trading session it manages to trade

and closes near to the support level of 264. It is now looking weak on charts. One can go for short position in it at 264 for

the target of 255.


264271

SUPPORTRESISTANCE


ONGC 285.88 276.37 270.23 260.72 254.58


32/52

Power Grid Corporation of IndiaPower Grid Corporation of India


Technical Picture


Technical Overview

Weekly Pivots

In today's trading session it was down by -0.30 %. It is now taking support at 98 and resistance 102, form this level further

downside of movement would be expected. One can go for short position in it at 98 for the target of 91.


98102

SUPPORTRESISTANCE


POWERGRID 103.07 102.13 100.92 99.98 98.77


33/52

Punjab National BankPunjab National Bank


Technical Picture


Technical Overview

Weekly Pivots

After making a high of 1235 it has corrected and made a low of 1007. It has resistance at 1120 and support at 1060. It is

looking bullish in the coming trading session if it manages to trade above the resistance level of 1120 else below 1060 it

would be in a downward trend.


10601120

SUPPORTRESISTANCE


PNB 1124.63 1107.67 1086.58 1069.62 1048.53


34/52

Ranbaxy LaboratoriesRanbaxy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

Ranbaxy from the last few trading session moving sideways and in today's trading session it was up by 0.58 %. It is now

trading at 535.05 from this level either side of movement would be expected. In order to be in an upward trend it has to

trade and consolidate above the resistance level of 555 else below 529 it would be in a downward trend.


529555

SUPPORTRESISTANCE


RANBAXY 552.28 543.67 536.33 527.72 520.38


35/52

Reliance CapitalReliance Capital


Technical Picture


Technical Overview

Weekly Pivots

Reliance capital in today's trading session manages to trade and close above the support level of 533 and it was down by -

1.62 %. It is now taking support at 525 and resistance at 550. One can go for short position in it at 528 below this level it

would be in a downward trend.


525550

SUPPORTRESISTANCE


RELCAPITAL 563.03 547.82 531.78 516.57 500.53


36/52

Reliance CommunicationsReliance Communications


Technical Picture


Technical Overview

Weekly Pivots

After making a high of 97.70 this stock is moving sideways and it made a low of 90.90. It is now taking support at 90 and

resistance at 98. It is looking bearish in the coming trading session if it manages to trade below the support level of 90 else

above resistance level of 95 it would be in an uptrend.


9095

SUPPORTRESISTANCE


RCOM 97.07 94.83 92.87 90.63 88.67


37/52

Reliance IndustriesReliance Industries


Technical Picture


Technical Overview

Weekly Pivots

It is taking resistance at 967 and support at 928, a negative opening made it to trade below the 10 days and 50 days moving

averages. It is looking weak on charts from this level further downside of movement would be expected, one can go for

long position in at 967 above this level it would be in an upward trend else below 944 it might be in a downward trend.


944967

SUPPORTRESISTANCE


RELIANCE 976.07 960.28 944.22 928.43 912.37


38/52

Reliance InfrastructureReliance Infrastructure


Technical Picture


Technical Overview

Weekly Pivots

It is now taking support at 538 and resistance at 565. It is now moving sideways form this level down side of movement

would be expected. It is looking bearish in the coming trading session if it manages to trade below the support level of 538

else above 565 it might be in an upward trend.


538565

SUPPORTRESISTANCE


RELINFRA 574.73 559.57 549.83 534.67 524.93


39/52

Reliance PowerReliance Power


Technical Picture


Technical Overview

Weekly Pivots

Reliance Power had been moving between ranges of 115 to 120, in today's trading session it made a low of 115.05, a

negative opening made it to trade it below the 10 days and 50 days moving averages. It is looking bearish in the coming

trading session if it manages to trade below the support level of 115, below this level it might face more selling pressure.


115120

SUPPORTRESISTANCE


RPOWER 121.62 118.68 116.87 113.93 112.12


40/52

Siemens IndiaSiemens India


Technical Picture


Technical Overview

Weekly Pivots

In today's trading session it manages to close near to the resistance level of 873. It is now trading at 868.90; from this level

further upside of movement would be expected. It is looking bullish on charts; one can go for long position in it at 873

above this level it would be in an upward trend.


862873

SUPPORTRESISTANCE


SIEMENS 914.93 891.92 876.98 853.97 839.03


41/52

Sterlite Industries IndiaSterlite Industries India


Technical Picture


Technical Overview

Weekly Pivots

In today's trading session it manages to trade and close below the 10 days and 50 days moving averages. It is taking support

at 163 and it is now trading at 166.05, from this level further downside of movement would be expected. It is now taking

resistance at 170 and support at 163. One can go for short position in it at 163 for the target of 150.


163170

SUPPORTRESISTANCE


STER 171.82 168.93 166.87 163.98 161.92


42/52

State Bank of IndiaState Bank of India


Technical Picture


Technical Overview

Weekly Pivots

SBI drifted to the 2225, in today's trading session it manages to trade and closed below the 10 days and 50 days moving

averages. It is now taking support at 2215 below this further downside of movement would be expected else above 2309 it

would be in an upward trend. One can go for short position in it at 2225 for the target of 2180.


22152309

SUPPORTRESISTANCE


SBIN 2379.7 2311.3 2268.3 2199.9 2156.9


43/52

Steel Authority of IndiaSteel Authority of India


Technical Picture


Technical Overview

Weekly Pivots

It is now taking support at 143 and resistance at 152.It is looking weak on charts, if it manages to trade below the support

level of 143, below this level it would be in a downtrend.


143152

SUPPORTRESISTANCE


SAIL 150.45 147.55 145.3 142.4 140.15


44/52

Sun PharmaceuticalsSun Pharmaceuticals


Technical Picture


Technical Overview

Weekly Pivots

Sun Pharma is looking weak on chart; it is now taking support at 464 and resistance at 492. It is looking bearish in the

coming trading session if it manages to trade below the support of 464 else above 492 it would be in an upward trend.


464492

SUPPORTRESISTANCE


SUNPHARMA 501.93 486.97 477.53 462.57 453.13


45/52

GrasimGrasim


Technical Picture


Technical Overview

Weekly Pivots

The stock showed an either side movement during the week and ended with the negative biasness. The stock was not able

to sustain at the level of 2300. The stock is now facing resistance at 2300 and has support at 2190. Break of support may

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


21902300

SUPPORTRESISTANCE


GRASIM 2341.48 2286.07 2254.58 2199.17 2167.68


46/52

Tata Consultancy ServicesTata Consultancy Services


Technical Picture


Technical Overview

Weekly Pivots

The stock consolidating currently. It is trying to take support at lower levels and is now moving in an up rally. Its next

resistance is at 1183.50, crossing of this level may take the stock further upwards.


11351183.50

SUPPORTRESISTANCE


TCS 1233.07 1211.13 1175.57 1153.63 1118.07


47/52

Tata MotorsTata Motors


Technical Picture


Technical Overview

Weekly Pivots

It is currently moving in a bearish trend. Its next major support at 1000, breach of this level will take the stock further down

else it may also bounce from lower support levels.


10001035

SUPPORTRESISTANCE


TATAMOTORS 1062.47 1041.03 1022.22 1000.78 981.97


48/52

Tata SteelTata Steel


Technical Picture


Technical Overview

Weekly Pivots

Tata steel is currently moving in consolidation phase after a bearish trend previously. The stock has support at 555, breach of

which may take the stock downwards.


555593

SUPPORTRESISTANCE


TATASTEEL 589.22 579.33 571.82 561.93 554.42


49/52

Tata Power SupplyTata Power Supply


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently facing an either side movement. One should now wait for crossing of levels on either side before

taking any positions in it.


11801232

SUPPORTRESISTANCE


TATAPOWER 1276.87 1258.93 1241.07 1223.13 1205.27


50/52

Sesa GoaSesa Goa


Technical Picture


Technical Overview

Weekly Pivots

After making a low of 268.30 it made a smart recovery and made a high of 295.45, from this level it is continuously moving

in a downward trend. It is now taking support at 280 and resistance at 292. It is now trading at 286.45, form this level

further downside of movement would be expected. One can go for short position in it at 280 for the target of 250.


280292

SUPPORTRESISTANCE


SESAGOA 295.88 291.17 286.13 281.42 276.38


51/52

Wipro CorporationWipro Corporation


Technical Picture


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 the

stock.


430450

SUPPORTRESISTANCE

Global Research L imitedGlobal Research L imited

WIPRO 452.35 444.9 439.5 432.05 426.65


52/52

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nifty 50 reports for the week (13th - 17th june '11)

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