nifty 50 reports for the week (21st - 25th february '11)

8/7/2019 Nifty 50 Reports for the Week (21st - 25th February '11)

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G LO BA L RESEA RCH LTD.

WEEKLYWEEKLY

STOCKS REPORTS21st Feb - 25t h Feb 201 1


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Technical Picture

Figure: 1 : Nifty50 Graph

WEEKLY

21st Feb t o 25th Feb 2011

R ES EA R C H

TECHNICAL OVERVIEW

ACC W E E K A H E A D

Weekly Pivots

A C C

The stock moved in sideways trend throughout this week. It has resistance at 1030; crossing

of this level may take the stock further upwards till the levels of 1045-1050 in coming

trading sessions else it may also bounce from resistance level. One has to wait for crossing of

level.

RESISTANCE 1030

SUPPORT 970

STOCK R2 R1 PP S1 S2

www.capitalvia.com 2

ACC 1036.97 1006.13 964.17 933.33 891.37



Technical Picture


www.capitalvia.com

R ES EA 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 had a pull back from lower support levels and moved in an up rally this week. If it

manages to sustain above the level of 127, one may expect some more upward movement

in the stock till the levels of 130-134.50 in near term.

RESISTANCE 130

SUPPORT 119


WEEKLY


AMBUJACEM 127.28 121.87 116.73 111.32 106.18



Technical Picture


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R ES EA R C H

4

TECHNICAL OVERVIEW

AXIS W E E K A H E A D

Weekly Pivots

A X I S

The stock continued its uptrend after taking support at lowers. It faces next resistance at

1351. A short t erm correction is expected in the stock, one could go for buy on dip strategy

in the stock as it is expected to continue its uptrend.

RESISTANCE 1351

SUPPORT 1265


WEEKLY


AXISBANK 1297.1 1259.4 1204.7 1167 1112.3



Technical Picture


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R ES EA 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 is consolidating currently after a robust upward movement earlier this week. It

faces next resistance at 1392; crossing of t his level may bring some more upward movement

in the stock. One should wait for sometime in the stock as a short term correction is expected

in the stock after a continuous up rally.

RESISTANCE 1392

SUPPORT 1260


WEEKLY


BAJAJ-AUTO 1317.3 1286.6 1238.3 1207.6 1159.3



Technical Picture


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R ES EA 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 an either side movement this week. It has next support at the level of 2030;

breach of this level may take the stock further southward while it has resistance at 2152,

crossing of this level may take it . One should wait for crossing of levels on either side before

taking any positions in the stock.

RESISTANCE 2152

SUPPORT 2030


WEEKLY


BHEL 2307.92 2171.93 2085.02 1949.03 1862.12



Technical Picture


www.capitalvia.com

R ES EA R C H

7

TECHNICAL OVERVIEW

BPCL W E E K A H E A D

Weekly Pivots

B P C L

The stock has successfully taken resistance at higher levels and moved in a down rally and is

consolidating near support levels from last a few trading sessions. It has next support at 565,

breach of this level may continue its bearish t rend else it may also bounce back f rom lower

support levels.

RESISTANCE 625

SUPPORT 580


WEEKLY


BPCL 649.72 616.33 581.82 548.43 513.92



Technical Picture


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R ES EA 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 tried to take support and moved with positive biasness this week. One could hold

the long positions in the stock as it is expected to continue it's up rally in coming trading

sessions. It has major resistance at 344.50; crossing of this level may take the stock further

up.

RESISTANCE 344.50

SUPPORT 323


WEEKLY


BHARTIARTL 356.5 337.7 325.45 306.65 294.4



Technical Picture


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R ES EA 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 consolidated throughout this week with negative biasness. It managed to breach

its major support level of 335 last week, it now has major support at 322, breach of this may

continue the bearish trend for the stock else it may get bounce back from its lower support

levels.

RESISTANCE 323

SUPPORT 300


WEEKLY


CIPLA 336.05 323.6 309.95 297.5 283.85



Technical Picture


www.capitalvia.com

R ES EA 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 moved with negative biasness this week. It faces resistance at 330; crossing of this

may take the stock further upward while it has support at 311, breach of which may take the

stock downward.

RESISTANCE 330

SUPPORT 311


WEEKLY


CAIRN 345.42 335.63 320.82 311.03 296.22



Technical Picture


www.capitalvia.com

R ES EA R C H

11

TECHNICAL OVERVIEW

DLF W E E K A H E A D

Weekly Pivots

D L F

The stock had a steep pull back from lower levels earlier and then successfully took

resistance at higher levels and moved with negative biasness. It faces resistance at 255;

crossing of this level may take the stock further upwards while has support at 225.50, breach

of this level may take the stock downward.

RESISTANCE 255

SUPPORT 235


WEEKLY


DLF 263.25 255.45 241.75 233.95 220.25



Technical Picture


R ES EA 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 Lab. has positive closing in this week. The stock is trading in uptrend and above the

level of 1565 the stock may further continue the uptrend in the coming t ime. RESISTANCE 1565

SUPPORT 1510



WEEKLY


DRREDDY 1631.08 1564.17 1521.08 1454.17 1411.08



Technical Picture


R ES EA 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 has flat closing in this week with the negative bias. The stock is trading below the

short and medium term moving average and looking weak. So below the support level some

more correction can be seen in it.

RESISTANCE 455

SUPPORT 435



WEEKLY


GAIL 475.85 460.85 443.7 428.7 411.55



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

HCL W E E K A H E A D

Weekly Pivots

H C L

HCL has continued to t rade with the negative trend. The stock has weak closing and below

the level of 450 it may further continue the downtrend in the coming time. RESISTANCE 470

SUPPORT 450



WEEKLY


W E E K A H E A D

HCLTECH 504.77 487.13 469.32 451.68 433.87



Technical Picture


R ES EA 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 was closed with gains on wow basis. In today's session the stock has sharp

correction from the higher level and if it breaches the support level of 2125 then it may show

some more correction in the coming t ime.

RESISTANCE 2245

SUPPORT 2125



WEEKLY


W E E K A H E A D

HDFCBANK 2112.17 2085.73 2033.57 2007.13 1954.97



Technical Picture


R ES EA 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 was closed with gains on wow basis. In today's session the

stock has sharp correction f rom the higher level and if it breaches the support level of 625

then it may show some more correction in the coming t ime.

RESISTANCE 665

SUPPORT 625



WEEKLY


HDFC 654.25 638.7 610.5 594.95 566.75



Technical Picture


R ES EA 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 has negative closing on wow basis. The stock is looking weak and closed on

weaker notes too. So below the support level of 1415 it may show some more downside in

the coming time.

RESISTANCE 1525

SUPPORT 1415



WEEKLY


HEROHONDA 1678.4 1573.95 1494.55 1390.1 1310.7



Technical Picture


R ES EA 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 quite t rading session in this week. The stock is trading in weak t rend and below

the level of 207 it may show some more correction in the coming t ime. RESISTANCE 218

SUPPORT 207



WEEKLY


HINDALCO 254.55 232.75 217.15 195.35 179.75



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

HUL W E E K A H E A D

Weekly Pivots

H U L

HUL has continued to oscillate in the range of 267-283 in this week. The stock is not looking

lucrative in the short run and waits for proper breakout in it . RESISTANCE 283

SUPPORT 271



WEEKLY


HINDUNILVR 282.42 275.78 272.07 265.43 261.72



Technical Picture


R ES EA 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 was closed with the gains on wow basis. In today's session the stock has sharp

correction rally and has weak closing too. So below the support level of 1010 some more

correction can be seen in it.

RESISTANCE 1075

SUPPORT 1010



WEEKLY


WEEKLY


ICICIBANK 1050.98 1025.77 982.78 957.57 914.58



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

IDFC W E E K A H E A D

Weekly Pivots

I D F C

IDFC was closed with the gains on wow basis. In today's session the stock has sharp

correction rally and has weak closing too. So below the support level of 139 some more

correction can be seen in it.

RESISTANCE 150.50

SUPPORT 139



WEEKLY


IDFC 153.07 144.18 129.82 120.93 106.57



Technical Picture


R ES EA 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 in from the last few trading session was moving sideways and it was down by 0.42

%. It is now taking support at 3074 and resistance at 3164 form this level either side of

movement would be expected. It has resistance at 3164 above this it would be in an upward

trend else below 3074 it would might face more selling pressure.

RESISTANCE 3164

SUPPORT 3074



WEEKLY


INFOSYSTCH 3212.98 3126.92 3073.63 2987.57 2934.28



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

ITC W E E K A H E A D

Weekly Pivots I T C

ITC has found support at 150 and resistance 162 from the last few trading session it is

moving sideways. In today's trading session it manages to close 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 150 below this level it

would be in a downward trend.

RESISTANCE 162

SUPPORT 150



WEEKLY


ITC 161.8 158.45 155.6 152.25 149.4



Technical Picture


R ES EA 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 battered down to 84.30 levels form 92.30. It is looking weak on charts

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

down by 5.65 % from this level further down side of movement would be expected. It

has resistance at 95 above this level it would be bullish in t rend else below 82 it would might

face more selling pressure.

RESISTANCE 95

SUPPORT 82



WEEKLY


JPASSOCIAT 96.6 89.25 79.65 72.3 62.7



Technical Picture


R ES EA 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

Jindal Steel & Power gave smart recovery from 677 levels which served as a strong support

level. It is now taking support at 677 and resistance at 710. It is looking positive in the

coming trading session if it manages to trade above the resistance level of 710 else below

667 it would might test the next support level of 646.

RESISTANCE 710

SUPPORT 677



WEEKLY


JINDALSTEL 670.62 643.53 623.72 596.63 576.82



Technical Picture


R ES EA 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

L&T from the last few trading session was moving sideways in today's trading session it was

up by 3.32 % . It is taking support at 1616 and resistance at 1733. It is looking bearish in the

coming trading session if it manages to trade below the support level of 1615 else above the

resistance level of 1700 it would be in an upward trend.

RESISTANCE 1700

SUPPORT 1615



WEEKLY


LT 1658.03 1607.07 1534.03 1483.07 1410.03



Technical Picture


R ES EA 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 gave recovery from the level of 333 which made to trade above the 10

days and 50 days moving averages. In today's trading session it was moving sideways from

this level downside movement would be expected. It is looking weak on charts below 400 it

would be in a bearish trend. One can go for short position in it at 400 for the target of 380.

RESISTANCE 425

SUPPORT 400



WEEKLY


KOTAKBANK 414.03 396.07 364.53 346.57 315.03



Technical Picture


R ES EA 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

M&M is making bearish engulf ing pattern it is a sign of bearishness, from this level further

downside movement would be expected. It has support at 636 and resistance at 680. One

can go for short position in it at 645 for the target of 620.

RESISTANCE 680

SUPPORT 636



WEEKLY


M&M 718.2 691.7 655.3 628.8 592.4



Technical Picture


R ES EA 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 1212 and resistance at 1256, a pulled back from the support level of

1145 made it to trade above the 10 days and 50 days moving averages. In today's trading

session it was up by 0.05 % averages. It is looking bullish in the coming trading session if it

manages to trade above the resistance level of 1256 else below 1212 it would be in an

bearish trend

RESISTANCE 1256

SUPPORT 1212



WEEKLY


MARUTI 1231.78 1206.57 1175.78 1150.57 1119.78



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

NTPC W E E K A H E A D

Weekly Pivots

N T P C

NTPC from the last few trading session was moving sideways and it closed near to the

support level of 177, from this level further downside movement would be expected. It is

taking support at 177 and resistance at 183. It is looking bearish in the coming trading

session if it manages to break the support level of 177 below this it may test the next support

level of 170.

RESISTANCE 183

SUPPORT 177



WEEKLY


NTPC 188.22 182.53 176.27 170.58 164.32



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

ONGC W E E K A H E A D

Weekly Pivots

O N G C

ONGC is looking weak on charts in today's trading session it was down by 3.40 %. It is now

taking resistance at 288 and support at 265, f rom this level further downside of movement

would be expected. If it breaks the support level of 265 it may test the next support level of

258 else above 288 it might be in a bullish trend.

RESISTANCE 288

SUPPORT 265



WEEKLY


ONGC 321.68 299.37 282.18 259.87 242.68



Technical Picture


R ES EA 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 was down by 0.51 % from the few t rading session it is moving in

a particular price range of 95-100. It is now taking resistance at 101 and support at 94, from

this level either side of movement would be expected. One can go for long position in it at

100 above this level it would be bullish in trend.

RESISTANCE 100

SUPPORT 94



WEEKLY


ONGC 321.68 299.37 282.18 259.87 242.68



Technical Picture


R ES EA 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

After making a low of 989.90 it is continuously moving in an upward trend, it is now trading

at 1095.05 and it was down by 1.12 %. It has resistance at 1139 and support at 1080. It is

looking positive in the coming t rading session if it manages to t rade above resistance level of

1139 else below 1080 it would be in bearish trend.

RESISTANCE 1122

SUPPORT 1080



WEEKLY


PNB 1128.45 1081.2 1025.75 978.5 923.05



Technical Picture


R ES EA 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 from the last 2-3 trading session moving sideways in today's trading session it was

down by 1.38 % and it manages to close below the 10 days and 50 days moving averages. It

is looking weak on charts from this level further downside movement would be expected,

below 500 it would be in a downward.

RESISTANCE 520

SUPPORT 500



WEEKLY


PNB 1128.45 1081.2 1025.75 978.5 923.05



Technical Picture


R ES EA 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 battered down to 388 f rom 726 levels. In today's trading session it a short

recovery from the support level made it to turn into green in the first half of the session. It is

now taking support at 423 and resistance at 491. One can go for short position in it at 423

below this level it would might face more selling pressure.

RESISTANCE 491

SUPPORT 423



WEEKLY


RELCAPITAL 555.28 491.97 440.18 376.87 325.08



Technical Picture


R ES EA 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

Reliance communication from the last few trading session was moving sideways and in

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

averages. It is looking weak on charts below support level of 89 it would be in a bearish

trend. One can go for short position in it at 96 below this level it would might face more

selling pressure.

RESISTANCE 102

SUPPORT 89



WEEKLY


RCOM 129.88 113.52 101.63 85.27 73.38



Technical Picture


R ES EA 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 968 and support at 910. It is looking bullish in the coming trading

session, one can go for long position in at 968 else below 910 it would be in a downward

trend.

RESISTANCE 968

SUPPORT 910



WEEKLY


RELIANCE 964.98 937.47 911.28 883.77 857.58



Technical Picture


R ES EA 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 is looking weak on chart in today's trading session it was down by 5.84 %

from this level further downside movement would be expected. It is taking support at 559

and resistance at 653. Once can go for short position in it at 559 below this level it might be

in a bearish t rend.

RESISTANCE 653

SUPPORT 559



WEEKLY


RELINFRA 797.68 707.42 599.73 509.47 401.78



Technical Picture


R ES EA 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 had an up rally earlier this week after a steep downfall previously then resisting at

higher levels it had a sharp downfall in the last trading session with losses up to 5.8% . it has

support at 110 and resistance at 124. An either side movement is expected till it crosses any

of the levels on either side.

RESISTANCE 124

SUPPORT 110



WEEKLY


RPOWER 142 128.45 117.45 103.9 92.9



Technical Picture


R ES EA 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 continued to consolidate at higher levels this week as well. One has to wait for

crossing of levels on either side before taking any positions in it . RESISTANCE 863

SUPPORT 828



WEEKLY


SIEMENS 862.02 853.08 847.07 838.13 832.12



Technical Picture


R ES EA 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 is consolidated throughout this week. It has resistance at 168; crossing of this level

may take the stock upwards while it has support at 159.50, breach of this level may take the

stock further downward.

RESISTANCE 168

SUPPORT 159.50



WEEKLY


STER 181.4 171.1 161.6 151.3 141.8



Technical Picture


R ES EA 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 has successfully taken support at lower levels and moved in an uptrend this week.

After a continuous up rally, it consolidated in today's trading session. One could hold the

long positions in the stock as it is expected to continue its bullish trend.

RESISTANCE 2815

SUPPORT 2720



WEEKLY


SBIN 2797.07 2694.83 2585.57 2483.33 2374.07



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

SAIL W E E K A H E A D

Weekly Pivots

S A I L

The stock is currently moving in sideways trend. It has resistance at 166 while support at 150.

One has to wait for crossing of levels on either side before taking any positions in the stock. RESISTANCE 166

SUPPORT 150



WEEKLY


SAIL 170.88 165.57 158.53 153.22 146.18



Technical Picture


R ES EA 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 closed with the gains on wow basis. The stock has quite and positive trading

session in this week. So a decisive breakout above the resistance level of 437 may continue

the uptrend in the short run.

RESISTANCE 437

SUPPORT 410



WEEKLY


SUNPHARMA 443.65 430.95 412.05 399.35 380.45



Technical Picture


R ES EA 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 sharp correction rally in the last trading session. The stock has weak closing and

near the crucial support level of 47. So below the support it may show some more downside

in the coming time.

RESISTANCE 51

SUPPORT 47



WEEKLY


SUZLON 55.65 50.7 46.75 41.8 37.85



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

TCS W E E K A H E A D

Weekly Pivots

T C S

TCS has flat closing in this week with the negative bias. So below the support level of 1075

some more downtrend may be seen in it. RESISTANCE 1135

SUPPORT 1075



WEEKLY


TCS 1223.93 1156.77 1106.33 1039.17 988.73



Technical Picture


R ES EA 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 motor has flat closing in this week with the negative bias. So below the support level of

1190 some more downt rend may be seen in it . RESISTANCE 1265

SUPPORT 1190



WEEKLY


TATAMOTORS 1239.23 1190.97 1121.73 1073.47 1004.23



Technical Picture


R ES EA 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 witnessed large profit booking at the higher level. The stock has bearish

engulfing pattern in it and if sustains below the level of 635 then some more correction can

be seen in it.

RESISTANCE 665

SUPPORT 635



WEEKLY


TATASTEEL 675.7 635.5 605.3 565.1 534.9



Technical Picture


R ES EA 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 losses half of its initial gain in this week. The stock has weak closing and below

the immediate support level some more profit booking can be seen in it . RESISTANCE 1300

SUPPORT 1250



WEEKLY


TATAPOWER 1278.47 1239.03 1197.57 1158.13 1116.67



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

SESA GOA W E E K A H E A D

Weekly Pivots

S E S A G O A

The stock is consolidating currently after a sharp recovery previously. It has next support at

280; breach of this level may take the stock further down while it has resistance at 317,

crossing of these may take the stock upward.

RESISTANCE 317

SUPPORT 306



WEEKLY


SESAGOA 342.18 318.07 299.28 275.17 256.38



Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

WIPRO W E E K A H E A D

Weekly Pivots

W I P R O

Wipro has positive closing in this week but witnessed profit booking at the level of 442 and

shown some correction from there. The stock has immediate support level of 428 and below

which if it sustains then some more downside momentum may be seen in it in the short run.

RESISTANCE 442

SUPPORT 428



WEEKLY


WIPRO 456.35 438.3 422.9 404.85 389.45



R ES EA R C H

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WEEKLY


nifty 50 reports for the week (21st - 25th february '11)

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