Nifty 50 Reports for the Week (11th - 15th July '11)

8/6/2019 Nifty 50 Reports for the Week (11th - 15th July '11)

1/52

NIFTY50NIFTY50

WEEKLY REPORT11th July - 15th July 2011

Global Research L imited


2/52www.capitalvia.com 3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview

Weekly Pivots

The stock had an either side movement this week. it now has support at 960, breach of this level will bring some correction

in the stock and may take it till the levels of 940 in coming trading sessions.

STOCK R2 R1 PP S1 S2

9601012

SUPPORTRESISTANCE

ACCACC


ACC 1023.08 999.22 974.13 950.27 925.18


3/52www.capitalvia.com 3

Technical Picture


Technical Overview

Weekly Pivots

The stock moved with negative biasness throughout this week, its next support is at 123 breach of this level will take the

stock further downwards. One could go for sell on rise strategy in the stock as it is expected to test the support level once.


123132.50

SUPPORTRESISTANCE

Ambuja CementsAmbuja Cements


AMBUJACEM 134.52 130.38 128.12 123.98 121.72


4/52

Axis BankAxis Bank

www.capitalvia.com 4

Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently. Its next resistance is at 1343, crossing of this level will take the stock upwards while it

has support at 1290, breach of this level will take the stock downwards. one should now wait crossing of levels on either

side before taking any positions in it.


12901343

SUPPORTRESISTANCE


AXISBANK 1352.78 1329.37 1316.08 1292.67 1279.38


5/52

Bajaj Auto Ltd.Bajaj Auto Ltd.


Technical Picture


Technical Overview

Weekly Pivots

The stock had an up rally throughout this week. One should now wait for sometime in the stock as it is expected to

consolidate a bit after a continuous up rally.


14151480

SUPPORTRESISTANCE


BAJAJ-AUTO 1510.6 1485.2 1451.1 1425.7 1391.6


6/52

Bharat Heavy ElectricalBharat Heavy Electrical


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently; one should now wait for crossing of levels on either side before taking any positions in

it.


19202010

SUPPORTRESISTANCE


BHEL 2133.37 2058.73 2000.37 1925.73 1867.37


7/52

Bharat Petroleum CorporationBharat Petroleum Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently moving in a range. It has resistance at 670, crossing of this level will take the stock upwards.


630670

SUPPORTRESISTANCE


BPCL 860.95 765.1 701.05 605.2 541.15


8/52

Bharti AirtelBharti Airtel


Technical Picture


Technical Overview

Weekly Pivots

The stock had an upward movement this week and made a new 52 week high. It has resistance at 410, crossing of this level

may take the stock further upwards.


375410

SUPPORTRESISTANCE


BHARTIARTL 427.08 412.62 395.43 380.97 363.78


9/52

CiplaCipla


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating after a bearish trend previously. The stock now faces resistance at 337; crossing of this level will

take the stock further upwards.


320337

SUPPORTRESISTANCE


CIPLA 344.47 338.53 332.02 326.08 319.57


10/52

Cairn IndiaCairn India


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently after a bearish trend previously. One should now wait for sometime in the stock as it is

expected to consolidate a bit after this downfall.


295320

SUPPORTRESISTANCE


CAIRN 339.6 331.4 321.5 313.3 303.4


11/52

DLFDLF


Technical Picture


Technical Overview

Weekly Pivots

The stock had an up rally this week, it has resistance at 243, crossing of this level will take the stock further upwards, else it

may also resist at higher levels.


225243

SUPPORTRESISTANCE


DLF 278.38 257.77 221.88 201.27 165.38


12/52

Dr. Reddy LaboratoriesDr. Reddy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

The stock was trading sideways during the week and ended on a negative note. The major trend presently in the stock is

sideways. The stock is now facing resistance at 1590 and has support at 1520. As the stock closed on negative note a

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

breaks its support level.


15201590

SUPPORTRESISTANCE


DRREDDY 1625.17 1587.63 1549.37 1511.83 1473.57


13/52

Gail IndiaGail India


Technical Picture


Technical Overview

Weekly Pivots

The stock showed an up movement during the week and closed with negative biasness. The major trend presently in the

stock is sideways. The stock is now facing resistance at 473 and has support at 445 which is the 50 day moving average of

the stock. As the stock closed with negative biasness a further down movement can be seen in the stock once it breaks its

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


445473

SUPPORTRESISTANCE


GAIL 483.12 472.98 461.77 451.63 440.42


14/52

HCL TechnologiesHCL Technologies


Technical Picture


Technical Overview

Weekly Pivots

The stock was trading sideways during the week and closed on a negative note. The stock is now facing resistance at 515

and has support at 495. As the stock closed on negative note a further down movement can be seen in the stock once it

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


495515

SUPPORTRESISTANCE


HCLTECH 519.32 510.78 503.92 495.38 488.52


15/52

HDFC BankHDFC Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up movement during the week and was trading at its all time high and closed with negative

biasness. The stock is now facing resistance at 2585 and has support at 2509 which is the 10 day moving average of the

stock. As the stock closed with negative biasness a further down movement can be seen in the stock once it breaks its

support level.


25092585

SUPPORTRESISTANCE


HDFCBANK 2622.52 2590.83 2551.62 2519.93 2480.72


16/52

Housing Development FinanceHousing Development Finance


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up movement during the week and on the last day of trading week some profit booking

was seen in the stock and it moved down. The stock is now facing resistance at 738 and has support at 702 which is the 10

day moving average of the stock. As the stock closed with negative biasness a further down movement can be seen in the

stock once it breaks its support level.


702738

SUPPORTRESISTANCE


HDFC 755.23 734.72 712.43 691.92 669.63


17/52

Hero Honda MotorsHero Honda Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the earlier trading days of the week and then a recovery was seen in the stock during the last

trading session of the week. The major trend presently in the stock is sideways. The stock is now facing resistance at 1923

and has support at 1855. As the stock closed on a positive note a further up movement can be seen in the stock once it

breaks its resistance level. One may go for buying the stock once it breaks its resistance level.


18551923

SUPPORTRESISTANCE


HEROHONDA 1955.97 1929.08 1893.12 1866.23 1830.27


18/52

Hindalco IndustriesHindalco Industries


Technical Picture


Technical Overview

Weekly Pivots

The stock was trading sideways during the week and closed on negative note. The stock is now facing resistance at 195 and

has support at 184. As the stock closed on a negative note a further down movement can be seen in the stock. One may go

for selling the stock once it breaks its support level.


184195

SUPPORTRESISTANCE


HINDALCO 200.7 194.4 189.7 183.4 178.7


19/52

Hindustan UnileverHindustan Unilever


Technical Picture


Technical Overview

Weekly Pivots

The stock showed some profit booking and moved down during the week and closed on a negative note. The stock is now

facing resistance at 340 and has support at 323. As the stock ended on negative note a further down movement can be

seen in the stock once it breaks its support level.


323340

SUPPORTRESISTANCE


HINDUNILVR 346.68 340.07 334.38 327.77 322.08


20/52

ICICI BankICICI BankWeekly Pivots


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous down move during the week and closed on a negative note. The stock is now facing

resistance at 1086 which is the 10 day moving average of the stock and has support at 1040. Break of support may take the

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


10401086

SUPPORTRESISTANCE


ICICIBANK 1131.3 1095.75 1076.25 1040.7 1021.2


21/52

IDFCIDFC


Technical Picture


Technical Overview

Weekly Pivots

IDFC showed volatile movements during last week, but traded in tight range and it closed almost flat. The stock now has

resistance level at 141 and support level at 131. In short term it is expected to consolidated and remain range bound, also

breaching of support level may take it to lower levels.


131141

SUPPORTRESISTANCE


IDFC 142.23 138.27 135.88 131.92 129.53


22/52

Infosys TechnologiesInfosys Technologies


Technical Picture


Technical Overview

Weekly Pivots

INFOSYS had volatile trading session last week; it made weekly high of 3023.90 and closed at 2976.55. The stock has

resistance level at 3040 and support level at 2936. It is expected to consolidate and remain range bound in short term.


29363040

SUPPORTRESISTANCE


INFOSYSTCH 3073.38 3024.97 2975.48 2927.07 2877.58


23/52

ITCITC


Technical Picture


Technical Overview

Weekly Pivots

ITC had volatile trading session last week and it closed almost flat. The stock may take resistance from the level of 208 and it

has support level at 195. In short term it is expected to consolidate and remain range bound, also crossing of resistance level

may take it to higher levels.


195208

SUPPORTRESISTANCE


ITC 210.78 205.67 199.98 194.87 189.18


24/52

Jaiprakash AssociatesJaiprakash Associates


Technical Picture


Technical Overview

Weekly Pivots

JP ASSOCIATES showed negative biasness all through last week. The stock has resistance level at 83 and support level at 79.

In short term it is expected to consolidate with negative biasness in short term, also breaching of support level may take it to

lower levels.


7983

SUPPORTRESISTANCE


JPASSOCIAT 84.63 82.17 80.83 78.37 77.03


25/52

Jindal Steel & PowerJindal Steel & Power


Technical Picture


Technical Overview

Weekly Pivots

JINDAL STEEL AND POWER had volatile trading session last week and it closed with moderate losses. The stock has

resistance level at 664 and support level at 625. It is expected to consolidate and remain range bound; also crossing of

resistance level may take the stock at higher levels.


625664

SUPPORTRESISTANCE


JINDALSTEL 676.53 660.07 647.03 630.57 617.53


26/52

Larsen and TurboLarsen and Turbo


Technical Picture


Technical Overview

Weekly Pivots

L&T consolidated with positive biasness in last week and closed with moderate gain. The stock has resistance level at 1877

and support level at 1800. In short term some correction can be expected in the stock.


18001877

SUPPORTRESISTANCE


LT 1916.8 1876.7 1828.35 1788.25 1739.9


27/52

Kotak Mahindra BankKotak Mahindra Bank


Technical Picture


Technical Overview

Weekly Pivots

KOTAK MAHINDRA BANK remained sideways during last week and closed with moderate gain. The stock has support level

at 474 and resistance level at 495. It is expected consolidate and remain range bound in short term.


474495

SUPPORTRESISTANCE


KOTAKBANK 503.87 492.38 483.42 471.93 462.97


28/52

Mahindra and MahindraMahindra and Mahindra


Technical Picture


Technical Overview

Weekly Pivots

M&M showed positive side movement in last week and made weekly high of 738.45. The stock has support level at 708

and resistance level at 740. It is expected to consolidate and remain range bound in short term.


708740

SUPPORTRESISTANCE


M&M 758.1 737.85 718.2 697.95 678.3


29/52

Maruti Suzuki IndiaMaruti Suzuki India


Technical Picture


Technical Overview

Weekly Pivots

MARUTI had upside trading session last week and it made weekly high of 1202. The stock has resistance level at 1208 and

support level at 1150. In short term it is expected to consolidate and remain range bound.


11501208

SUPPORTRESISTANCE


MARUTI 1243.18 1213.72 1172.53 1143.07 1101.88


30/52

NTPC Ltd.NTPC Ltd.


Technical Picture


Technical Overview

Weekly Pivots

NTPC continued its positive side movement in last week and it made weekly high of 192.45. The stock has support level at

183 and resistance level at 195. In short term it is expected to consolidate and remain range bound. Also crossing of

resistance level may take it to higher levels.


183195

SUPPORTRESISTANCE


NTPC 198.45 194.65 188.65 184.85 178.85


31/52

Oil and Natural Gas CorpOil and Natural Gas Corp


Technical Picture


Technical Overview

Weekly Pivots

After a brief consolidation the stock has show a 275-280, the stock has shown a sign of improvement with trading above

the 10 days and 50 days moving averages. It is now taking resistance at 281 and support at 271. It is looking strong on

charts; one can go for long position in it at 282 for the target of 300.


263282

SUPPORTRESISTANCE


ONGC 285.65 281.4 276.4 272.15 267.15


32/52

Power Grid Corporation of IndiaPower Grid Corporation of India


Technical Picture


Technical Overview

Weekly Pivots

The stock is holding up strongly above the 10 days and 50 days moving averages. It is now moving in a particular range of

108-112. It is looking positive in the coming trading session if it manages to trade above the resistance level of 112 else

below 107 it would might face more selling pressure.


107112

SUPPORTRESISTANCE


POWERGRID 112.93 111.07 109.53 107.67 106.13


33/52

Punjab National BankPunjab National Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently moving long term uptrend and is expected to touch the level of 1200. It is now taking resistance at

1170 and support at 1110. One can go for long position in it at 1170 for the target of 1200.


11101170

SUPPORTRESISTANCE


PNB 1214.65 1183.9 1138.95 1108.2 1063.25


34/52

Ranbaxy LaboratoriesRanbaxy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

After moving in a particular trading range of 520-550, in today's trading session it is manages to trade near to the

resistance level of 560. It is looking positive in the coming trading session if it manages to trade above the resistance level of

560 else below 500 it would might face more selling pressure.


500560

SUPPORTRESISTANCE


RANBAXY 580.05 565.3 544.65 529.9 509.25


35/52

Reliance CapitalReliance Capital


Technical Picture


Technical Overview

Weekly Pivots

The stock close negative, after moving in a long term uptrend the stock has corrected and made a low of 588; from this level

further downside of movement would be expected. It is now taking support at 580 below this level it would be in a

downward trend. It is looking bearish in the coming trading session; one can go for short position in it at 580 for the target

of 550.


580615

SUPPORTRESISTANCE


RELCAPITAL 628.48 609.17 593.68 574.37 558.88


36/52

Reliance CommunicationsReliance Communications


Technical Picture


Technical Overview

Weekly Pivots

The stock trading in a short term down trend, there is a selling pressure from resistance level of 102 which show

continuation of short term down trend. The stock may sold within a range of 94-96 for the target of 90.


94102

SUPPORTRESISTANCE


RCOM 103.45 100.6 98.35 95.5 93.25


37/52

Reliance IndustriesReliance Industries


Technical Picture


Technical Overview

Weekly Pivots

The stock is losing strength from the last few trading session it is now trading at 854.85. It is long weak on charts if it

manages to trade below the support level of 828, from this level it might face more selling pressure.


828880

SUPPORTRESISTANCE


RELIANCE 897.02 875.93 858.32 837.23 819.62


38/52

Reliance InfrastructureReliance Infrastructure


Technical Picture


Technical Overview

Weekly Pivots

The stock has given a fresh break out on daily charts above resistance level of 591 with good volume but it gave closing near

to the day's low of 576.70, from this level either side of movement would be expected. It has support at 565 below this level

it would be in a bearish trend.


565591

SUPPORTRESISTANCE


RELINFRA 629.08 605.87 577.78 554.57 526.48


39/52

Reliance PowerReliance Power


Technical Picture


Technical Overview

Weekly Pivots

RPOWER is trading in a range of 116-120 and it is now trading at 118.65. In order to be in an upward trend it has to trade

and consolidate above the 10 days and 50 days moving averages. It is showing momentum above the level of 120, one can

go for long position in it at 120 for the target of 128.


115120

SUPPORTRESISTANCE


RPOWER 121.95 120.3 118.25 116.6 114.55


40/52

Siemens IndiaSiemens India


Technical Picture


Technical Overview

Weekly Pivots

SIEMENS remains positive all through last week and made 52 weeks high of 928. The stock was up by more than 5%.In

upcoming session some correction can be expected. It has next resistance level at 928 and support level at 910. One may

hold long position till it breach its support level of 910.


910928

SUPPORTRESISTANCE


SIEMENS 958.5 937 906.5 885 854.5


41/52

Sterlite Industries IndiaSterlite Industries India


Technical Picture


Technical Overview

Weekly Pivots

STERLITE INDUSTRIES remained in negative phase all through last week and made a weekly low of 161. The stock now has

support level at 161 and resistance level at 165. It is expected to consolidate with positive biasness in short term to show

some correction. One may go for long position above its resistance level.


161165

SUPPORTRESISTANCE


STER 180.2 171.8 166.4 158 152.6


42/52

State Bank of IndiaState Bank of India


Technical Picture


Technical Overview

Weekly Pivots

STATE BANK OF INDIA remained in positive phase all through previous week and made weekly high of 2515. The stock has

next resistance level at 2515 and support level at 2457. One could go for buying on dip strategy in it till it crosses its support

level at 2457.


24572515

SUPPORTRESISTANCE


SBIN 2573.15 2525.8 2467.65 2420.3 2362.15


43/52

Steel Authority of IndiaSteel Authority of India


Technical Picture


Technical Overview

Weekly Pivots

STEEL AUTHORITY OF INDIA remained volatile last week and closed with moderate loss. It now has support level at 135 and

resistance level at 145. One may go for the short position in it till it crosses its resistance level at 145.


135145

SUPPORTRESISTANCE


SAIL 146.35 141.4 138.75 133.8 131.15


44/52

Sun PharmaceuticalsSun Pharmaceuticals


Technical Picture


Technical Overview

Weekly Pivots

SUN PHARMACEUTICALS remained in positive phase all through previous week and made weekly high of 512.50. The

stock now has next resistance level at 513 and support level at 493. One could go for buying on dip strategy in it till it crosses

its support level at 493.


493513

SUPPORTRESISTANCE


SUNPHARMA 522.23 512.52 502.78 493.07 483.33


45/52

GrasimGrasim


Technical Picture


Technical Overview

Weekly Pivots

The stock showed an up movement during the week and on the last day of trading week it moved down and closed with

negative biasness. The stock is now facing resistance at 2216 which is the 50 day moving average of the stock and has

support at 2125. As the stock closed on negative note a further down movement can be seen in the stock once it breaks its

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


21252216

SUPPORTRESISTANCE


GRASIM 2325.28 2245.97 2180.48 2101.17 2035.68


46/52

Tata Consultancy ServicesTata Consultancy Services


Technical Picture


Technical Overview

Weekly Pivots

TATA CONSULTANCY SERVICES consolidate with negative biasness all through last week .It's looking strong on the chart. It

has next resistance level at 1205 and support level at 1169. The major trend is bullish in the stock, in upcoming session

upward movement is expected. One may go for long position above its resistance level.


11691205

SUPPORTRESISTANCE


TCS 1217.72 1194.68 1181.97 1158.93 1146.22


47/52

Tata MotorsTata Motors


Technical Picture


Technical Overview

Weekly Pivots

TATA MOTORS remained positive all through last week and gained around 7.5%. The stock now has next resistance level at

1102 and support level at 1046. In short term it is expected to remain positive and to test its resistance level. One may hold

long position in it till it breaks its support level at 1046.


10461102

SUPPORTRESISTANCE


TATAMOTORS 1114.73 1084.37 1043.93 1013.57 973.13


48/52

Tata SteelTata Steel


Technical Picture


Technical Overview

Weekly Pivots

TATA STEEL remained volatile during last week and it closed almost flat. The stock has support level at 589 and resistance

level at 608.in short term some more correction is expected. One could go for buy on dip strategy in the stock until it breaks

589 in downside.


589608

SUPPORTRESISTANCE


TATASTEEL 615.57 605.23 597.67 587.33 579.77


49/52

Tata Power SupplyTata Power Supply


Technical Picture


Technical Overview

Weekly Pivots

TATA POWER SUPPLY remained volatile during last week and it closed almost flat. The stock has support level at 1281 and

resistance level at 1326. It's looking very strong on the chart. One may hold long position in it till it breaches its support level

of 1281.


12811326

SUPPORTRESISTANCE


TATAPOWER 1343.95 1317.3 1299.35 1272.7 1254.75


50/52

Sesa GoaSesa Goa


Technical Picture


Technical Overview

Weekly Pivots

The stock has closed in red and it is now trading at 294.55. In today's trading session it battered down to the level of

256.80. It is now taking resistance at 297 and support at 275 from this level further downside of movement would be

expected. One can go for short position in it at 275 for the target of 350.


275297

SUPPORTRESISTANCE


SESAGOA 318.05 299.9 278.35 260.2 238.65


51/52

Wipro CorporationWipro Corporation


Technical Picture


Technical Overview

Weekly Pivots

WIPRO remain in positive phase all through last week and made a weekly high of 435. It now has support level at 420 and

resistance level at 435. One could go for buying on dip strategy in it till it breaches its support level at 420.


420435

SUPPORTRESISTANCE

Global Research L imitedGlobal Research L imited

WIPRO 490.5 461 405.5 376 320.5


52/52

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Documents

Nifty 50 Reports for the Week (11th - 15th July '11)