nifty 50 reports for the week (2nd – 6th may ’11)

8/7/2019 Nifty 50 Reports for the Week (2nd 6th May 11)

1/52www.capitalvia.c

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STOCKS REPORTS

G l oba l Resea rc h L i m i ted

WEEKLYWEEKLY

02nd M ay 06t h M ay 2011


2/52

Techn ical Pict ur e

Figure: 1 : Nift y50 Graph

TECHNICAL OVERVIEW

ACCWEEKAHEAD

Weekly Pivot s

ACC

The stock had a consolidation throughout this week. One could hold the long positions in

the stock as it is expected to move till the levels of 1145 in upside in coming t rading sessions.

STOCK R2 R1 PP S1 S2

www.capitalvia.com 2

WEEKLY

2nd May to 6th May 2011

Globa l Resear ch L im i t ed

RESISTANCE 1145

SUPPORT 1067

ACC 1157.98 1136.87 1113.88 1092.77 1069.78


3/52


Figure: 2 : Nifty50 Graph


TECHNICAL OVERVIEW

AM BUJA CEM ENTWEEKAHEAD

Weekly Pivot s

AMBHUJA

CEMENT

The stock is moving in a bullish trend. One could hold the long positions in the stock as it is

expected to move till the levels of 162-164 in near term. RESISTANCE 164

SUPPORT 149


WEEKLY



AMBUJACEM 166.4 161 155.4 150 144.4


4/52




TECHNICAL OVERVIEW

AXISWEEKAHEAD

Weekly Pivot s

AXIS

The stock managed to breach its support levels and made a low of 1270.30, it now has next

support at 1260, and breach of this level will cont inue the bearish trend of the stock. RESISTANCE 1355

SUPPORT 1260


WEEKLY



AXISBANK 1460.8 1374.9 1322.6 1236.7 1184.4


5/52



TECHNICAL OVERVIEW

BAJAJ AUTOWEEKAHEAD

Weekly Pivot s

BAJAJAUTO

The stock after having a bearish phase previously has successfully tried to take support and

moved in an up rally. Now it has next major resistance level at 1491, crossing of this level will

bring further more upward movement.

RESISTANCE 1491

SUPPORT 1440


WEEKLY




BAJAJ-AUTO 1534 1517 1483.5 1466.5 1433


6/52



TECHNICAL OVERVIEW

BHELWEEKAHEAD

Weekly Pivot s

BHEL

The stock has resisted at higher levels and is now moving in a downtrend. The stock

managed to reach the mentioned levels. One could go for sell on rise strategy until it crosses

the level of 2095 in upside.

RESISTANCE 2095

SUPPORT 2940


WEEKLY




BHEL 2143.13 2073.27 2024.13 1954.27 1905.13


7/52


8/52



TECHNICAL OVERVIEW

BHARTI AIRTELWEEKAHEAD

Weekly Pivot s

BHART

IAIRTEL

The stock is moving in an uptrend, it has next resistance at 393, crossing of this level will take

the stock further upwards. One could go for buy on dip strategy in the stock till it breaches

the levels of 365 in downside.

RESISTANCE 393

SUPPORT 365


WEEKLY




BHARTIARTL 397.9 388.9 380.85 371.85 363.8


9/52



TECHNICAL OVERVIEW

CIPLAWEEKAHEAD

Weekly Pivot s

CIPLA

Cipla has managed to breach its major support level and made a low of 304.80, it further has

support at 303.50, breach of this level will continue its bearish trend. RESISTANCE 326

SUPPORT 303.50


WEEKLY




CIPLA 332.22 321.18 312.92 301.88 293.62


10/52



CAIRNWEEKAHEAD

CAIRN

The stock had a sharp recovery from lower levels and moved in an up rally in last a few

trading sessions. It is now moving in a tight range. It faces resistance at 354.50, crossing of

this level will bring upward movement in the stock.

RESISTANCE 354.50

SUPPORT 345


WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


CAIRN 359.7 355.35 347.45 343.1 335.2


11/52



DLFWEEKAHEAD

DLF

The stock is now moving in an up rally after taking support at lower levels. It has next

resistance at 255, crossing of this level will further take the stock more upwards. RESISTANCE 238

SUPPORT 222


WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


DLF 257.9 240.2 230.65 212.95 203.4


12/52


DR REDDYWEEKAHEAD

DRREDDY

The trend presently in the stock is up and during the week the stock showed an up

movement but ended on a negative note. The stock is presently facing resistance at 1722

and has support at 1600. Break of resistance may take the stock further up. One may go for

buying the stock once it breaks its resistance.

RESISTANCE 1722

SUPPORT 1600



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


DRREDDY 1728.2 1696.6 1662.4 1630.8 1596.6


13/52


GAIL INDIAWEEKAHEAD

DRREDDY

The major trend presently in the stock is up. The stock was trading in an up rally during the

week. The stock is presently facing resistance at 489 and has support at 470. Break of

resistance may take the stock further up. One may go for buying the stock once it breaks its

resistance.

RESISTANCE 489

SUPPORT 470



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


GAIL 491.6 483.3 477.2 468.9 462.8


14/52


HCLWEEKAHEAD

HCL

The major trend in the stock is up and the stock was consolidating during the week. The

stock is now facing resistance at 529 and has support at 500. Break of resistance may take

the stock further up. One can go for buying the stock once it breaks it resistance.

RESISTANCE 529

SUPPORT 500



WEEKLY

WEEKAHEAD



TECHNICAL OVERVIEW

Weekly Pivot s


HCLTECH 544.83 533.92 513.48 502.57 482.13


15/52


HDFC BANKWEEKAHEAD

HDFCBANK

The trend in the stock presently is weak and the stock showed correction during the week.

The stock is facing resistance at 2375 and has support at 2272. Break of support may take

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

RESISTANCE 2375

SUPPORT 2272



WEEKLY

WEEKAHEAD



TECHNICAL OVERVIEW

Weekly Pivot s


HDFCBANK 2499.07 2397.03 2339.02 2236.98 2178.97


16/52


HOUSING DEVELOPM ENT FINANCEWEEKAHEAD

HOUS

INGDEVELOPMENTFINANCE

The trend presently in the stock is downtrend and the stock showed correction during the

week and ended on a negative note. The stock is now facing resistance at 724 and has

support at 693. Break of support may take the stock further down and one can go for selling

the stock once it breaks its support.

RESISTANCE 724

SUPPORT 693



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


HDFC 756 732 713.9 689.9 671.8


17/52


HERO HONDAWEEKAHEAD

HERO

HONDA

The stock moved in a downward rally during the week and showed correction. The stock

after moving down ended on a positive note. The stock is presently facing resistance at 1760

and has support at 1627.Break of resistance may take the stock further up. One may go for

buying the stock once it breaks its resistance.

RESISTANCE 1760

SUPPORT 1627



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


HEROHONDA 1866.93 1785.02 1718.08 1636.17 1569.23


18/52


HINDALCOWEEKAHEAD

HI

NDALCO

The stock showed correction during the week and moved down after breaking its support at

215. The stock is now facing resistance at 223 and has support at 211. Break of support may

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

RESISTANCE 223

SUPPORT 211



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


HINDALCO 229.6 222.8 217.95 211.15 206.3


19/52


HULWEEKAHEAD

HUL

The stock was consolidating during the week and ended on a positive note. The major trend

presently in the stock is sideways. The stock is facing resistance at 289 and has support at

278. One can go for buying the stock once it breaks its resistance. As the stock is sustaining

above its short term moving average of 278 so it can be taken as an active support.

RESISTANCE 293

SUPPORT 278



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


HINDUNILVR 300.8 293.15 285.75 278.1 270.7


20/52


ICICI BANKWEEKAHEAD

ICICIBANK

ICICI bank showed sideways movement last week and traded in a tight range. The stock

faces resistance from the level of 1140 and it has support level at 1072. It is looking

indecisive on charts, one should wait for proper breakout before enter in it. Although in

short term, above the resistance level some upside can be seen in it.

RESISTANCE 1130

SUPPORT 1085



WEEKLY


WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


ICICIBANK 1149.77 1127.53 1106.27 1084.03 1062.77


21/52


IDFCWEEKAHEAD

IDFC

IDFC remained in downtrend all through this week and made weekly low of 143.45. Now

the stock has resistance level at 153 and support level at 140. It is expected to consolidate

with negative biasness in short term, if it does not sustain below support level, it may bounce

back from the level.

RESISTANCE 153

SUPPORT 140



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


IDFC 163.43 154.32 148.88 139.77 134.33


22/52


INFOSYS TECHNOLOGIESWEEKAHEAD

INFOS

YSTECHNOLOGIES

Infosys in today's trading session moving sideways and it was down by -0.78 %. It is now

taking support at 2880 below this level it would be in a downward trend. One can go for

short position in it at 2880 below this level it might test the next support level of 2745.

RESISTANCE 2970

SUPPORT 2880



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


INFOSYSTCH 2994.9 2948.45 2918.2 2871.75 2841.5


23/52


ITCWEEKAHEAD

ITC

ITC has found support at 186 and resistance 195.In today's trading session it manages to

trade and close above the 10 days and 50 days moving averages and it is now trading at

190.15, from this level further upside of movement would be expected. It has resistance at

195 above this level it would be in an upward trend.

RESISTANCE 195

SUPPORT 190



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


ITC 200.45 196.4 190.75 186.7 181.05


24/52


JAIPRAKASH ASSOCIATESWEEKAHEAD

JAIPRA

KASHASS

OCIATES

In today's trading session it was down by -2.83 % , from this level further downside of

movement would be expected. It is looking bearish in the coming trading session if it

manages to trade below the support level of 87 else above 103 it would be in an upward

trend.

RESISTANCE 103

SUPPORT 94



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


JPASSOCIAT 106.55 99.55 95.55 88.55 84.55


25/52


JINDAL STEEL & POWERWEEKAHEAD

JINDALSTEEL&

POWER

Jindal Steel & Power found support at 640 which served as a strong support level; f rom this

level further downside of movement would be expected. In today's trading session it

manages to trade and close below the 10 days and 50 days moving averages. It has support

at 640 below this level it would be in a bearish trend else above 700 it would be bullish in

trend.

RESISTANCE 700

SUPPORT 674



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


JINDALSTEL 723.87 694.43 670.57 641.13 617.27


26/52


LARSEN AND TOUBROWEEKAHEAD

LAR

SENAND

TOUBRO

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 1560 and resistance at 1768; from this level further

downside movement would be expected. One can go for short position in it at 1560 below

this level it might be in a downward trend.

RESISTANCE 1768

SUPPORT 1560



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


LT 1784.67 1689.33 1639.67 1544.33 1494.67


27/52


KOTAK M AHINDRA BANKWEEKAHEAD

KOTAK

MAHINDR

ABANK

Kotak Mahindra Bank in today's trading session was moving in a downward trend, 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 short position in it at 402 for the target of 379.

RESISTANCE 473

SUPPORT 402



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


KOTAKBANK 492.13 460.57 440.83 409.27 389.53


28/52


M AHINDRA & M AHINDRAWEEKAHEAD

MAHIN

DRA&MA

HINDRA

In today's trading session a negative opening made it to trade below the 10 days and 50 days

moving averages and it made a low of 744.25, from this level further downside of

movement would be expected. It is now taking resistance at 779 above this level it would be

in an upward trend else below 744 it might face more selling pressure.

RESISTANCE 779

SUPPORT 744



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


M&M 796.1 778.55 761.4 743.85 726.7


29/52


M ARUTI SUZUKI INDIAWEEKAHEAD

MARUTISUZU

KIINDIA

Maruti from the last few trading session was moving sideways and it manages to trade

above the 10 days and 50 days moving averages; from this level further upside of movement

would be expected. It is now trading at 1317.65.One can go for long position in it at 1350

above this level it might test the next resistance level of 1425.

RESISTANCE 1350

SUPPORT 1285



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


MARUTI 1360.25 1336.8 1311.55 1288.1 1262.85


30/52


NTPCWEEKAHEAD

NTPC

After making a high of 195 it is continuously moving in a downward trend, in today's trading

session it was down by -0.76 % from this level further downside of movement would be

expected. It is looking weak on charts; one can go for short position in it at 180 below this

level it would be in a downward trend.

RESISTANCE 189

SUPPORT 180



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


NTPC 190.83 186.57 183.93 179.67 177.03


31/52


ONGCWEEKAHEAD

ONGC

ONGC battered down to the level of 290.55; from this level it made a smart recovery and

made a high of 325.65. It is now looking strong on charts. One can go for long position in it

at 326 for the target of 335.

RESISTANCE 326

SUPPORT 303



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


ONGC 338.33 322.52 309.83 294.02 281.33


32/52


POWER GRID CORPORATION OF INDIAWEEKAHEAD

POWE

RGRIDCOR

PORATIONOFINDIA

Power Grid form the last trading session it is moving sideways and it is now trading at

104.55. It is now taking support at 102 and resistance 106, form this level either side of

movement would be expected. One can go for short position in it at 102 for the target of 96.

RESISTANCE 106

SUPPORT 102



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


POWERGRID 106.82 105.73 104.42 103.33 102.02


33/52


PUNJAB NATIONAL BANKWEEKAHEAD

PUNJABNATIONALBANK

Punjab National Bank f rom the last few trading session moving sideways, it is now t rading at

1185.10 and it was down by -1.37 %. It has resistance at 1235 and support at 1172. It is

looking bearish in the coming trading session if it manages to trade below the support level

of 1172 else above 1235 it would be in a bullish trend.

RESISTANCE 1235

SUPPORT 1172



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


PNB 1261.33 1225.67 1199.33 1163.67 1137.33


34/52


RANBAXYWEEKAHEAD

R

ANBAXY

Ranbaxy battered down to 452; from this level further downside of movement would be

expected. It is looking weak on charts. One can go for short position in it at 450 for the target

of 435.

RESISTANCE 479

SUPPORT 450



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


RANBAXY 489.77 474.43 462.97 447.63 436.17


35/52


RELIANCE CAPITALWEEKAHEAD

RELIANCE

CAPITAL

Reliance capital from the last few trading session moving in a downward trend and in today's

trading session it was down by -1.61 % . It is now taking support at 537 and resistance at

621. One can go for short position in it at 537 below this level it would be in a downward

trend.

RESISTANCE 621

SUPPORT 537



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


RELCAPITAL 630.13 596.17 576.83 542.87 523.53


36/52


RELIANCE COM M UNICATIONWEEKAHEAD

RELIANC

ECOMMUN

ICATION

After making a high of 113.80 it is continuously moving in a downward trend and it is now

trading at 100. It is looking weak on charts; if it manages to t rade below the support level of

95 else above 109 it would be in a bullish trend. One can go for short position in it for the

target of 90.

RESISTANCE 109

SUPPORT 95



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


RCOM 111 105.85 102.05 96.9 93.1


37/52


RELIANCE INDUSTRIESWEEKAHEAD

R

ELIANCEINDUSTRIES

It is taking resistance at 1021 and support at 954. It is looking bearish in the coming trading

session, one can go for short position in at 954 else above 1021 it would be in an upward

trend.

RESISTANCE 1021

SUPPORT 954



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


RELIANCE 1043.02 1014.03 992.02 963.03 941.02


38/52


RELIANCE INFRAUSTRUCTUREWEEKAHEAD

RELIANCEINFRAUSTRUCTURE

It is now taking support at 652 and resistance at 710.It is looking weak on chart in today's

trading session it was up by 0.29 % and it is now trading at 660, from this level further

downside of movement would be expected. Once can go for short position in it at 652

below this level it might be in a bearish trend.

RESISTANCE 710

SUPPORT 652



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


RELINFRA 715.17 686.83 667.67 639.33 620.17


39/52


RELIANCE POWERWEEKAHEAD

RELIANCEPOWER

The stock is currently moving with high volatility. One should wait for further movements in

the stock as it is looking very volatile in terms of price movements. RESISTANCE 870

SUPPORT 822



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


RPOWER 134.53 132.57 129.83 127.87 125.13


40/52


SIEM ENSWEEKAHEAD

SIEMENS

The stock is currently moving with high volatility. One should wait for further movements in

the stock as it is looking very volatile in terms of price movements. RESISTANCE 870

SUPPORT 822



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


SIEMENS 939.55 903.2 853.6 817.25 767.65


41/52


STERLITEWEEKAHEAD

STERLITE

The stock consolidated after a continuous up rally yesterday. One should now wait for

sometime in the stock as it is expected to have a short term correction. RESISTANCE 191.50

SUPPORT 175



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


STER 195.3 188.45 183.15 176.3 171


42/52


STATE BANK OF INDIAWEEKAHEAD

STATEBANKOFINDIA

The stock is currently facing a correction phase. One could hold the short positions as it is

expected to move 2750-2720 in near term. RESISTANCE 2875

SUPPORT 2750



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


SBIN 3026.07 2917.03 2851.02 2741.98 2675.97


43/52


SAILWEEKAHEAD

SAIL

The stock is currently moving in bearish trend, one could hold the short positions in the stock

as it is expected to move till the levels of 154-150 in coming trading sessions. RESISTANCE 170

SUPPORT 154



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


SAIL 180.55 169.9 164.15 153.5 147.75


44/52


SUN PHARM ACEUTICALWEEKAHEAD

SUNPHARMAC

EUTICAL

Last week Sun Pharmaceuticals consolidated with positive biasness and showed upside

movement in last session. Now the stock has resistance level at 472 and support level at 450.

The stock is looking bullish on the charts, and if it sustain above the resistance level further

upside can be seen in it .

RESISTANCE 472

SUPPORT 450



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


SUNPHARMA 489.03 477.02 457.48 445.47 425.93


45/52


GRASIMWEEKAHEAD

SUZLON

GRASIM had volatile trading session last week. The stock has resistance level at 2530 and

support level at 2370. In the short term it is expected to consolidate with positive biasness. RESISTANCE 2530

SUPPORT 2370



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


GRASIM 2598.77 2527.93 2458.97 2388.13 2319.17


46/52


TCSWEEKAHEAD

TCS

TCS had shown negative side movement all through last week. The stock is expected to

trade in bearish phase, and below the support level at 1140 if it sustain, downside may

continue, else it may bounce back f rom the support levels.

RESISTANCE 1205

SUPPORT 1140



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


TCS 1226.13 1194.52 1172.38 1140.77 1118.63


47/52


TATA M OTORWEEKAHEAD

TATA

MOTOR

Tata motor showed volatile trading session last week and t raded with negative biasness. The

stock has resistance at the level of 1300 and support level at 1200. In the short term it is

expected to move with positive biasness, and above the resistance level it is looking strong

on charts.

RESISTANCE 1300

SUPPORT 1200



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


TATAMOTORS 1336.87 1294.43 1254.22 1211.78 1171.57


48/52


TATA STEELWEEKAHEAD

TA

TASTEEL

TATA Steel consolidated with negative biasness all through this week. The stock has

resistance level at 625 and support level at 605. In short term negative phase seems to be

continued in it.

RESISTANCE 625

SUPPORT 605



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s

TATASTEEL 644.43 629.97 620.23 605.77 596.03


49/52


TATA POWERWEEKAHEAD

TATA

POWER

TATA Power is in sideways trend f rom last many sessions and this week also it consolidated

with negative biasness. As the stock's trend is looking indecisive on the charts, one should

wait for proper breakout before entering in this stock. Above the resistance level at 1350, it

is looking strong on the charts.

RESISTANCE 1350

SUPPORT 1277



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


TATAPOWER 1369.5 1338.25 1313.65 1282.4 1257.8


50/52


SESA GOAWEEKAHEAD

SESAGOA

The stock consolidated with negative biasness. Its next support is at 309, breach of this level

will continue the bearish trend of the stock. RESISTANCE 324

SUPPORT 309



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s


SESAGOA 334.63 323.57 317.53 306.47 300.43


51/52



WIPROWEEKAHEAD

WIPRO

Last week overall trend was downside in WIPRO. The stock has resistance level at 472 and

support level at 439. In short term it is expected to show consolidation and remain range

bound. Although below the support level it is looking weak.

RESISTANCE 472

SUPPORT 439



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivot s

WIPRO 478.43 464.22 454.18 439.97 429.93


52/52

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WEEKLY



nifty 50 reports for the week (2nd – 6th may ’11)

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