nifty - 50 reports for the week (27th - 31st december - 2010)

8/8/2019 Nifty - 50 Reports for the Week (27th - 31st December - 2010)

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WEEKLY

G LO BA L RESEA RCH LTD .

WEEKLY

STOCKS REPORTS27t h Dec 2010 - 01st Jan 201 1


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Technical Picture

Figure: 1 : Nifty50 Graph

WEEKLY

27th Dec to 01st Jan

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R ES EA R C H

2

TECHNICAL OVERVIEW

ACCWEEKAHEAD

Weekly Pivots

ACC

The stock consolidated and moved in a tight range throughout this week. One could go for

buy on dips for this stock. It f aces next resistance at 1105; crossing of this level may take the

stock further up till the levels of 1125-1130.

RESISTANCE 1105

SUPPORT 968

STOCK R2 R1 PP S1 S2

ACC 1086.62 1080.83 1074.72 1068.93 1062.82


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Technical Picture


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R ES EA R C H

3

TECHNICAL OVERVIEW

AMBUJA CEMENTWEEKAHEAD

Weekly Pivots

AMBHUJA

CEMENT

The stock is consolidating from last many WEEKS. It now faces resistance at 145; crossing of

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

buy on dip strategy in this stock.

RESISTANCE 145

SUPPORT 127


WEEKLY


AMBUJACEM 145.27 143.08 140.17 137.98 135.07


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Technical Picture


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R ES EA R C H

4

TECHNICAL OVERVIEW

AXISWEEKAHEAD

Weekly Pivots

AXIS

The stock has moved in a sideways trend throughout this week. It now faces resistance at

1356; crossing of this level may take up the stock till the levels of 1385-1400 in coming

trading sessions while it has support at 1265.

RESISTANCE 1356

SUPPORT 1265


WEEKLY


AXISBANK 1340.4 1331.2 1315.6 1306.4 1290.8


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Technical Picture


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R ES EA R C H

5

TECHNICAL OVERVIEW

BAJAJ AUTOWEEKAHEAD

Weekly Pivots

BAJAJAUTO

The stock moved with negative sentiments throughout this week. It now has support at

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

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

go for sell on rise strategy in this stock.

RESISTANCE 1515

SUPPORT 1427


WEEKLY


BAJAJ-AUTO 1461.7 1453.3 1441.65 1433.25 1421.6


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Technical Picture


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R ES EA R C H

6

TECHNICAL OVERVIEW

BHELWEEKAHEAD

Weekly Pivots

BHEL

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

is expected to continue holding bullish trend unt il it breaches the level of 2140 in downside.s

the level of 2140 in downside.

RESISTANCE 2380

SUPPORT 2140


WEEKLY


BHEL 2327.05 2306.5 2289.35 2268.8 2251.65


7/52

Technical Picture


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R ES EA R C H

7

TECHNICAL OVERVIEW

BPCLWEEKAHEAD

Weekly Pivots

BPCL

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

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

SUPPORT 655


WEEKLY


BPCL 690.82 681.63 675.82 666.63 660.82


8/52

Technical Picture


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R ES EA R C H

8

TECHNICAL OVERVIEW

BHARTI AIRTELWEEKAHEAD

Weekly Pivots

BHARTIAIRTEL

The stock had either side movement in this week and it tried to take support at lower levels.

The stock tried to reach the mentioned levels of 350-352 in today's trading session. It now

faces resistance at 355, crossing of this may take the stock further up.

RESISTANCE 355

SUPPORT 320


WEEKLY


BHARTIARTL 359.27 353.93 346.47 341.13 333.67


9/52

Technical Picture


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R ES EA R C H

9

TECHNICAL OVERVIEW

CIPLAWEEKAHEAD

Weekly Pivots

CIPLA

The stock is facing a range bound movement currently. One has to wait for crossing of levels

on either side. It faces resistance at 374, crossing of this may take the stock further up while

it has support at 355, breach of this level may take down the stock.

RESISTANCE 374

SUPPORT 355


WEEKLY


CIPLA 373.7 368.7 361.9 356.9 350.1


10/52

Technical Picture


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R ES EA R C H

10

TECHNICAL OVERVIEW

CAIRNWEEKAHEAD

Weekly Pivots

CAIRN

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

strategy in this stock till it breaches 318 in downside. It faces resistance at 336; crossing of

this level may take up the stock 345-350 in coming trading sessions.

RESISTANCE 340

SUPPORT 318


WEEKLY


CAIRN 335.87 332.03 329.77 325.93 323.67


11/52

Technical Picture


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R ES EA R C H

11

TECHNICAL OVERVIEW

DLFWEEKAHEAD

Weekly Pivots

DLF

The stock consolidated and had very range bound movement this week. It has support at

270; breach of this level may take the stock down till the levels of 260 in near term. One

could go for sell on rise strategy in this stock.

RESISTANCE 304

SUPPORT 270


WEEKLY


DLF 288.75 286.4 282.55 280.2 276.35


12/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

DR REDDYWEEKAHEAD

Weekly Pivots

DRREDDY

Dr.Reddy has shown healthy correction. The stock is now trading in sideways trend with the

positive bias. So if the stock continues to sustain above the support level then a bounce back

may be seen in it .

RESISTANCE 1715

SUPPORT 1650


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WEEKLY


DRREDDY 1707.38 1695.62 1683.33 1671.57 1659.28


13/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

GAIL INDIAWEEKAHEAD

Weekly Pivots

DRREDDY

GAIL India has bullish trend. The stock is now trading in sideways trend with the positive

bias. So a decisive breakout above the resistance level may continue the uptrend in the

coming time

RESISTANCE 520

SUPPORT 500



WEEKLY


GAIL 520.58 517.17 511.58 508.17 502.58


14/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

HCLWEEKAHEAD

Weekly Pivots

HCL

HCL has bullish trend. The stock is trading in uptrend and closed near the day high. So above

the resistance level the stock may continues the uptrend in the coming t ime. RESISTANCE 460

SUPPORT 445



WEEKLY


HCLTECH 461.68 458.37 454.68 451.37 447.68


15/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

HDFC BANKWEEKAHEAD

Weekly Pivots

HDFCBANK

HDFC Bank has bearish trend. The stock has sideways trend and managed to sustain above

the support level of 2145. So this will be crucial support level moving forward in the coming

time. The stock is looking risky below the support level.

RESISTANCE 2260

SUPPORT 2170



WEEKLY


HDFCBANK 2255.8 2237.1 2206.05 2187.35 2156.3


16/52


17/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

HERO HONDAWEEKAHEAD

Weekly Pivots

HERO

HONDA

Hero Honda after an explosive rally it is now consolidating at the higher level. The stock is

looking bullish and a decisive breakout above the resistance level may continue the uptrend

in the coming time.

RESISTANCE 1990

SUPPORT 1880



WEEKLY


HEROHONDA 1984.87 1957.73 1924.87 1897.73 1864.87


18/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

HINDALCOWEEKAHEAD

Weekly Pivots

HI

NDALCO

Hindalco has bullish trend. The stock is looking strong and has closing near the day high. So

above the resistance level it may continues to trade in uptrend in the coming time. RESISTANCE 241

SUPPORT 231



WEEKLY


HINDALCO 246 242.8 237.3 234.1 228.6


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Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

ICICI BANKWEEKAHEAD

Weekly Pivots

ICICIBANK

ICICI Bank is in consolidation state. The stock is trading in tight range of 1080-1145. So no

position is looking lucrative in the short term and one should wait for proper breakout in it . RESISTANCE 1145

SUPPORT 1100



WEEKLY


ICICIBANK 1135.25 1126.7 1119.35 1110.8 1103.45


21/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

IDFCWEEKAHEAD

Weekly Pivots

IDFC

IDFC is showing resistance to cross the level of 183 and shown some correction f rom there. If

it continues to sustain below the level then it may show some more downside in the coming

time.

RESISTANCE 180

SUPPORT 172



WEEKLY


IDFC 179.45 177.55 175.95 174.05 172.45


22/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

INFOSYS TECHNOLOGIESWEEKAHEAD

Weekly Pivots

INFOS

YSTECHNOLOGIES

Infosys Technologies in today's trading session moving sideways and it was up by 0.07 % .It is

now taking resistance at 3381 and support at 3310. It is looking bullish in the coming

trading session if it manages to trade above the resistance level of 3381 else it has support at

3310 below this level it would might be in a downtrend.

RESISTANCE 3381

SUPPORT 3310



WEEKLY


INFOSYSTCH 3404.42 3387.28 3364.67 3347.53 3324.92


23/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

ITCWEEKAHEAD

Weekly Pivots ITC

ITC from the last few trading session moving in a downward trend in today's trading session

it was up by 1.80 5. It is now taking resistance at 177 and support at 163. It is looking positive

in the coming trading session if it manages to t rade and consolidate above the resistance

level of 177 else below 163 it would might face more selling pressure.

RESISTANCE 177

SUPPORT 163



WEEKLY


ITC 173.37 171.63 168.67 166.93 163.97


24/52


25/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

JINDAL STEEL & POWERWEEKAHEAD

Weekly Pivots

JINDALSTEEL&

POWER

It is taking support at the level of 668, from the last few trading session it was moving in an

uptrend in today's trading session it was down by 0.24 %.It is looking bullish in the coming

trading session, one can go for long position in it at 715 else it has support at 668 below this

level it would might face more selling pressure.

RESISTANCE 715

SUPPORT 668



WEEKLY


JINDALSTEL 713.05 705.7 697.45 690.1 681.85


26/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

LARSEN AND TOUBROWEEKAHEAD

Weekly Pivots

LAR

SENAND

TOUBRO

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

days moving averages. It is looking bearish in the coming trading session, one can go for

short position in it at 1894 else it has resistance at 2022 above this level it would be in an

upward trend.

RESISTANCE 2022

SUPPORT 1894



WEEKLY


LT 1986.4 1973.3 1951.6 1938.5 1916.8


27/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

KOTAK MAHINDRA BANKWEEKAHEAD

Weekly Pivots

KOTAK

MAHINDR

ABANK

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

trading session it manages to trade below the 10 days and 50 days moving averages. It is

looking bearish in the coming trading session one can go for short position in it at 435. It has

resistance at 498 above this level it would be in an uptrend else below 435 it would be in a

downward trend.

RESISTANCE 498

SUPPORT 435



WEEKLY


KOTAKBANK 456.92 453.93 450.02 447.03 443.12


28/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

MAHINDRA & MAHINDRAWEEKAHEAD

Weekly Pivots

MAHIN

DRA&MA

HINDRA

M&M from the last few trading session sideways 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 765 else below support

level of 721 it would might face more selling pressure.

RESISTANCE 797

SUPPORT 721



WEEKLY


M&M 778.9 770.35 756.45 747.9 734


29/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

MARUTI SUZUKI INDIAWEEKAHEAD

Weekly Pivots

MARUTISUZU

KIINDIA

It is taking support at 1336 and resistance at 1467. It is now trading at 1391.50 from the last

few trading session it is moving sideways. It is looking bearish in the coming t rading session if

it manages to trade below the support level of 1336 else it has resistance at 1467 above this

level it would might be in an uptrend.

RESISTANCE 1467

SUPPORT 1336



WEEKLY


MARUTI 1416.43 1403.97 1385.98 1373.52 1355.53


30/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

NTPCWEEKAHEAD

Weekly Pivots

NTPC

NTPC in today's trading session manages to t rade and close above the 10 days and 50 days

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

trading session it was up by 1.28 %. It is now taking support at 189 and resistance at 200. It

is looking bullish in the coming t rading session one can go for the long position in it at 200

else below 189 it would might be in a bearish trend.

RESISTANCE 200

SUPPORT 189



WEEKLY


NTPC 201.42 199.83 197.42 195.83 193.42


31/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

ONGCWEEKAHEAD

Weekly Pivots

ONGC

ONGC from the last few trading session moving in a downward trend in today's trading

session it was down by 0.42 % . It has resistance at 1367 and support at 1245. It is looking

bearish in the coming trading session if it manages to trade and consolidate above the

resistance level of 1367 else it has support at 1245 below this level it would might be face

more selling pressure.

RESISTANCE 1367

SUPPORT 1245



WEEKLY


ONGC 1310.25 1302.5 1292.25 1284.5 1274.25


32/52


33/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

PUNJAB NATIONAL BANKWEEKAHEAD

Weekly Pivots

PUNJABNATIONALBANK

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

by 1.04 %. It is taking support at 1153 and resistance at 1250. It is looking bullish in the

coming trading session if it manages to trade above the resistance level of 1250 else below

1153 it would might face more selling pressure.

RESISTANCE 1250

SUPPORT 1153



WEEKLY


PNB 1237.15 1226.3 1209.15 1198.3 1181.15


34/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

RANBAXYWEEKAHEAD

Weekly Pivots

R

ANBAXY

It is now taking support at 545 and resistance at 596. In order to be in an uptrend it has to

trade and consolidate above the 10 days and 50 days moving averages. It is looking bullish in

the coming t rading session one can go for long position in it at 596 else it has support at 545

below this level it would be in a downward trend.

RESISTANCE 596

SUPPORT 545



WEEKLY


RANBAXY 581.08 577.17 574.08 570.17 567.08


35/52


36/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE COMMUNICATIONWEEKAHEAD

Weekly Pivots

RELIANC

ECOMMUN

ICATION

In today's trading session it was up by 10.38 % now it is taking support at 125 and resistance

at 154. It is looking bullish in the coming trading one can go for long position in it at 154 else

it has support at the level of 125 below this level it would might be in a bearish trend.

RESISTANCE 154

SUPPORT 125



WEEKLY


RCOM 155.12 148.53 137.82 131.23 120.52


37/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE INDUSTRIESWEEKAHEAD

Weekly Pivots

R

ELIANCEINDUSTRIES

It is taking resistance at 1075 and support at 1036.It is looking positive in the coming trading

session one can go for long position in at 1075 else below 1036 it would might face more

selling pressure.

RESISTANCE 1075

SUPPORT 1036



WEEKLY


RELIANCE 1072.57 1066.13 1058.07 1051.63 1043.57


38/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE INFRAUSTRUCTUREWEEKAHEAD

Weekly Pivots

RELIANCEINFRAUSTRUCTURE

Reliance Infra from the last few trading session it was moving in a downward trend in today's

trading session it was up by 3.37 %. It is looking bullish in the coming trading session one

can go for long position in it at 845 above this level it would might be in an uptrend else it has

support at 780 below this level it would might face more selling pressure.

RESISTANCE 845

SUPPORT 780



WEEKLY


RELINFRA 842.43 828.87 805.73 792.17 769.03


39/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

RELIANCE POWERWEEKAHEAD

Weekly Pivots

RELIANCEPOWER

The stock had down rally this week and recovered in the last trading session. It has support

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

has resistance at 158, crossing of this level may take the stock further up.

RESISTANCE 158

SUPPORT 147.50



WEEKLY


RPOWER 161.97 158.73 153.22 149.98 144.47


40/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

SIEMENSWEEKAHEAD

Weekly Pivots

SIEMENS

The stock was facing a range bound movement from last many weeks and it managed to

break its resistance level in last t rading session. One could keep holding the long positions in

the stock as it is expected to move till the levels of 822-825 in coming t rading sessions.

RESISTANCE 825

SUPPORT 754



WEEKLY


SIEMENS 838.17 823.83 800.47 786.13 762.77


41/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

STERLITEWEEKAHEAD

Weekly Pivots

STERLITE

The stock had an up rally this week and gained around 7% this week. One has to wait now

for sometime as it is expected to face a short term correction after showing a continuous up

rally. It has next resistance at 191.50.

RESISTANCE 191.50

SUPPORT 165



WEEKLY


STER 190.58 187.77 182.63 179.82 174.68


42/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

STATE BANK OF INDIAWEEKAHEAD

Weekly Pivots

STATEBANKOFINDIA

The stock moved in a tight range throughout this week. One has to wait for crossing of levels

on either side before taking any positions in the stock. RESISTANCE 2817

SUPPORT 2650



WEEKLY


SBIN 2790.45 2772.9 2751.45 2733.9 2712.45


43/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

SAILWEEKAHEAD

Weekly Pivots

SAIL

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

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

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

levels on either side.

RESISTANCE 197

SUPPORT 174



WEEKLY


SBIN 2790.45 2772.9 2751.45 2733.9 2712.45


44/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

SUN PHARMACEUTICALWEEKAHEAD

Weekly Pivots

SUNPHARMAC

EUTICAL

Sun Pharma shows an explosive rally from the support level. The stock is looking strong and

above the resistance level of 477 the stock may show some more upside in the coming t ime. RESISTANCE 477

SUPPORT 458



WEEKLY


SUNPHARMA 497.1 485.2 464.1 452.2 431.1


45/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

SUZLONWEEKAHEAD

Weekly Pivots

SUZLON

Suzlon shows an explosive rally from the support level. The stock is looking strong and

above the resistance level of 53 the stock may show some more upside in the coming t ime. RESISTANCE 53

SUPPORT 50



WEEKLY


SUZLON 53.95 52.65 50.4 49.1 46.85


46/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

TCSWEEKAHEAD

Weekly Pivots

TCS

TCS is in correction stage. The stock manages to sustain above the support level and shown

upside movements from it in the today's session. So it will be crucial support level moving

forward in the coming time.

RESISTANCE 1160

SUPPORT 1125



WEEKLY


TCS 1161.6 1151.35 1138.55 1128.3 1115.5


47/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

TATA MOTORWEEKAHEAD

Weekly Pivots

TATA

MOTOR

Tata motors has bearish trend. The stock is trading with the weak sentiments and below the

level of 1300 it may show some more correction in the coming t ime. RESISTANCE 1332

SUPPORT 1300



WEEKLY


TATAMOTORS 1365.98 1336.07 1319.08 1289.17 1272.18


48/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

TATA STEELWEEKAHEAD

Weekly Pivots

TA

TASTEEL

Tata steel has bullish trend. The stock bounced back from the immediate support level and

above the resistance level it may continue to trade in uptrend in the coming time. RESISTANCE 685

SUPPORT 650



WEEKLY


TATASTEEL 688.52 680.68 667.87 660.03 647.22


49/52


50/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

SESA GOAWEEKAHEAD

Weekly Pivots

SESAGOA

The stock managed to cross its resistance this week. One could keep holding the long

positions in the stock as it is expected to move till the levels of 320-325 in coming trading

sessions.

RESISTANCE 325

SUPPORT 287



WEEKLY


SESAGOA 325.52 320.83 313.02 308.33 300.52


51/52

Technical Picture


R ES EA R C H

TECHNICAL OVERVIEW

WIPROWEEKAHEAD

Weekly Pivots

WIPRO

Wipro has bullish trend. The stock is looking strong and above the immediate resistance level

it may further continue the uptrend to the level of 500+ in the coming t ime. RESISTANCE 490

SUPPORT 470



WEEKLY


WIPRO 496.42 489.93 479.97 473.48 463.52


52/52

R ES EA R C H

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WEEKLY


nifty - 50 reports for the week (27th - 31st december - 2010)

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