nifty 50 reports for the week (2nd – 6th may ’11)
TRANSCRIPT
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om
STOCKS REPORTS
G l oba l Resea rc h L i m i ted
WEEKLYWEEKLY
02nd M ay 06t h M ay 2011
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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
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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
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Techn ical Pict ur e
Figure: 2 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
AMBUJACEM 166.4 161 155.4 150 144.4
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Techn ical Pict ur e
Figure: 3 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
AXISBANK 1460.8 1374.9 1322.6 1236.7 1184.4
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Figure: 4 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
Techn ical Pict ur e
BAJAJ-AUTO 1534 1517 1483.5 1466.5 1433
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Figure: 5 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
Techn ical Pict ur e
BHEL 2143.13 2073.27 2024.13 1954.27 1905.13
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Figure: 7 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
Techn ical Pict ur e
BHARTIARTL 397.9 388.9 380.85 371.85 363.8
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Figure: 8 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
Techn ical Pict ur e
CIPLA 332.22 321.18 312.92 301.88 293.62
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Figure: 9 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
CAIRN 359.7 355.35 347.45 343.1 335.2
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Figure: 10 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
DLF 257.9 240.2 230.65 212.95 203.4
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Figure: 11 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
DRREDDY 1728.2 1696.6 1662.4 1630.8 1596.6
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Figure: 12 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
GAIL 491.6 483.3 477.2 468.9 462.8
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Figure: 13 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
WEEKAHEAD
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
HCLTECH 544.83 533.92 513.48 502.57 482.13
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Figure: 14 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
WEEKAHEAD
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
HDFCBANK 2499.07 2397.03 2339.02 2236.98 2178.97
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Figure: 15 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
HDFC 756 732 713.9 689.9 671.8
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Figure: 16 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
HEROHONDA 1866.93 1785.02 1718.08 1636.17 1569.23
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Figure: 17 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
HINDALCO 229.6 222.8 217.95 211.15 206.3
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Figure: 18 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
HINDUNILVR 300.8 293.15 285.75 278.1 270.7
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Figure: 19 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
ICICIBANK 1149.77 1127.53 1106.27 1084.03 1062.77
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Figure: 20 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
IDFC 163.43 154.32 148.88 139.77 134.33
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Figure: 21 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
INFOSYSTCH 2994.9 2948.45 2918.2 2871.75 2841.5
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Figure: 22 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
ITC 200.45 196.4 190.75 186.7 181.05
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Figure: 23 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
JPASSOCIAT 106.55 99.55 95.55 88.55 84.55
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Figure: 24 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
JINDALSTEL 723.87 694.43 670.57 641.13 617.27
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Figure: 25 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
LT 1784.67 1689.33 1639.67 1544.33 1494.67
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Figure: 26 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
KOTAKBANK 492.13 460.57 440.83 409.27 389.53
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Figure: 27 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
M&M 796.1 778.55 761.4 743.85 726.7
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Figure: 28 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
MARUTI 1360.25 1336.8 1311.55 1288.1 1262.85
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Figure: 29 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
NTPC 190.83 186.57 183.93 179.67 177.03
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Figure: 30 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
ONGC 338.33 322.52 309.83 294.02 281.33
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Figure: 31 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
POWERGRID 106.82 105.73 104.42 103.33 102.02
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Figure: 32 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
PNB 1261.33 1225.67 1199.33 1163.67 1137.33
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Figure: 33 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
RANBAXY 489.77 474.43 462.97 447.63 436.17
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Figure: 34 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
RELCAPITAL 630.13 596.17 576.83 542.87 523.53
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Figure: 35 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
RCOM 111 105.85 102.05 96.9 93.1
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Figure: 36 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 37
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
RELIANCE 1043.02 1014.03 992.02 963.03 941.02
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Figure: 37 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 38
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
RELINFRA 715.17 686.83 667.67 639.33 620.17
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Figure: 38 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 39
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
RPOWER 134.53 132.57 129.83 127.87 125.13
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Figure: 39 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 40
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
SIEMENS 939.55 903.2 853.6 817.25 767.65
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Figure: 40 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 41
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
STER 195.3 188.45 183.15 176.3 171
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Figure: 41 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 42
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
SBIN 3026.07 2917.03 2851.02 2741.98 2675.97
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Figure: 42 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 43
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
SAIL 180.55 169.9 164.15 153.5 147.75
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Figure: 43 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 44
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
SUNPHARMA 489.03 477.02 457.48 445.47 425.93
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Figure: 44 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 45
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
GRASIM 2598.77 2527.93 2458.97 2388.13 2319.17
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Figure: 45 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 46
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
TCS 1226.13 1194.52 1172.38 1140.77 1118.63
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Figure: 46 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 47
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
TATAMOTORS 1336.87 1294.43 1254.22 1211.78 1171.57
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Figure: 47 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 48
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
TATASTEEL 644.43 629.97 620.23 605.77 596.03
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Figure: 48 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 49
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
TATAPOWER 1369.5 1338.25 1313.65 1282.4 1257.8
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Figure: 49 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 50
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
Techn ical Pict ur e
SESAGOA 334.63 323.57 317.53 306.47 300.43
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Techn ical Pict ur e
Figure: 50 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 51
WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed
TECHNICAL OVERVIEW
Weekly Pivot s
WIPRO 478.43 464.22 454.18 439.97 429.93
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WEEKLY
2nd May to 6th May 2011
Globa l Resear ch L im i t ed