Nifty 50 Reports for the Week (1st - 5th November - 2010)

8/8/2019 Nifty 50 Reports for the Week (1st - 5th November - 2010)

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WEEKLY

G L O B A L R E S E A R C H L T D .

WEEKLY

STOCKS REPORTS15th NOV - 20th NOV 2010


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Technical Picture

Figure: 1 : Nifty50 Graph

WEEKLY

15th Nov to 20th Nov 2010

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R E S E A R C H

2

TECHNICAL OVERVIEW

ACCWEEKAHEAD

Weekly Pivots

ACC

The stock had a correction phase this week after showing an up rally in previous week, It

holds the bullish trend until it crosses 1065 in downside, and now faces resistance at 1150,

crossing of this may take up the stock till the levels of 1180-1200 in near term. One could go

for buying dip strategy in this stock.

RESISTANCE 1150

SUPPORT 1065

STOCK R2 R1 PP S1 S2

ACC 1114.98 1097.12 1084.13 1066.27 1053.28


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Technical Picture


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R E S E A R C H

3

TECHNICAL OVERVIEW

AMBHUJA CEMENTWEEKAHEAD

Weekly Pivots

AMBHUJA

CEMENT

The stock showed an uptrend this week. One could go for buying on dip strategy until it

crosses 150 in downside as the stock holds the bullish trend. RESISTANCE 170

SUPPORT 150


AMBUJACEM 165.3 161.9 159.1 155.7 152.9


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Technical Picture


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R E S E A R C H

4

TECHNICAL OVERVIEW

AXISWEEKAHEAD

Weekly Pivots

AXIS

The stock traded with negative biasness this week. It now faces support at 1480 if it

manages to cross this level and sustains below this, it may be expected to move till the levels

of 1440-1430 in near term else it may take support at lower levels and bounce back.

RESISTANCE 1565

SUPPORT 1480


AXISBANK 1547.03 1519.52 1500.48 1472.97 1453.93


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R E S E A R C H

5

TECHNICAL OVERVIEW

BAJAJ AUTOWEEKAHEAD

Weekly Pivots

BAJAJAUTO

The stock is facing sideways movement currently. It faces resistance at 1650 and support at

1520. One has to wait for crossing of levels on either side. RESISTANCE 1650

SUPPORT 1520


BAJAJ-AUTO 1653.75 1617.6 1584.8 1548.65 1515.85


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Technical Picture


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R E S E A R C H

6

TECHNICAL OVERVIEW

BHELWEEKAHEAD

Weekly Pivots

BHEL

The stock is moving in bearish trend. This week it was able to achieve our mentioned levels.

We have already mentioned about the stock that one may go for sell on rise strategy until it

crosses 2550 in upside and hold the short positions in this stock. It now faces support at

2375, crossing of which may bring some more selling pressure in the stock.

RESISTANCE 2550

SUPPORT 2375


BHEL 2444.87 2416.93 2396.97 2369.03 2349.07


7/52

Technical Picture


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R E S E A R C H

7

TECHNICAL OVERVIEW

BPCLWEEKAHEAD

Weekly Pivots

BPCL

The stock had both side movements this week. One could go for buying on dip strategy until

it crosses 700 in downside and hold the long positions in this stock as it is expected to move

till the levels of 780 in next trading sessions.

RESISTANCE 780

SUPPORT 700


BPCL 760.75 745.6 735.85 720.7 710.95


8/52

Technical Picture


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R E S E A R C H

8

TECHNICAL OVERVIEW

BHARTI AIRTELWEEKAHEAD

Weekly Pivots

BHART

IAIRTEL

The stock had a bearish trend throughout this week and was able to achieve the mentioned

levels. It now faces support at 300, crossing of which may take the stock further down till the

levels of 290 in near term.

RESISTANCE 352

SUPPORT 314


BHARTIARTL 320.92 313.23 308.32 300.63 295.72


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Technical Picture


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R E S E A R C H

9

TECHNICAL OVERVIEW

CIPLAWEEKAHEAD

Weekly Pivots

CIPLA

The stock had a bearish trend throughout this week and was able to achieve the mentioned

levels. It now faces support at 323, crossing of which may take the stock further down else it

may also bounce back.

RESISTANCE 355

SUPPORT 323


CIPLA 346.22 337.93 332.47 324.18 318.72


10/52

Technical Picture


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R E S E A R C H

10

TECHNICAL OVERVIEW

CAIRNWEEKAHEAD

Weekly Pivots

CAIRN

The stock has tried to take support at lower levels and traded with slight positive biasness

throughout this week. It now faces resistance at 340; crossing of this level may take the stock

further up else it may also bounce back from this level.

RESISTANCE 340

SUPPORT 315


CAIRN 338.17 334.88 330.72 327.43 323.27


11/52

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R E S E A R C H

11

TECHNICAL OVERVIEW

DLFWEEKAHEAD

Weekly Pivots DLF

The stock had both side movement this week and crossed its support level in the last trading

session of the week. It now holds the bearish trend; one may go for sell on rise strategy in the

stock as it is expected to move till the levels of 315-310 in near run.

RESISTANCE 375

SUPPORT 332


DLF 347.73 337.47 331.23 320.97 314.73


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R E S E A R C H

TECHNICAL OVERVIEW

DR REDDYWEEKAHEAD

Weekly Pivots

DRREDDY

Dr.Reddy has bullish trend. The stock now trading in a sideways trend and a decisive move

above the level of 1785 can show further upside moments in the coming time. The stock if

sustained below the level of 1725 can show some correction in the coming time.

RESISTANCE 1785

SUPPORT 1710


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DRREDDY 1781.65 1762.3 1741.65 1722.3 1701.65


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R E S E A R C H

TECHNICAL OVERVIEW

GAIL INDIAWEEKAHEAD

Weekly Pivots

DRREDDY

GAIL India is in consolidation state. The stock has crucial support level of 470 above which if

the stock price sustained then upside moments may continues in the coming time. The stock

is looking risky below the level of 470.

RESISTANCE 500

SUPPORT 470



GAIL 508.33 496.97 483.83 472.47 459.33


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R E S E A R C H

TECHNICAL OVERVIEW

HCLWEEKAHEAD

Weekly Pivots

HCL

HCL made high of 456 and since then trading with the negative sentiments. The stock has

crucial support level of 395 above which if the stock price sustained then bounce back may

be seen in it. The stock is looking risky below the level of 395.

RESISTANCE 412

SUPPORT 395



HCLTECH 409.35 405.9 402.95 399.5 396.55


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R E S E A R C H

TECHNICAL OVERVIEW

HDFC BANKWEEKAHEAD

Weekly Pivots

HDFCBANK

HDFC bank has weak trend and facing resistance at 2380. The stock is in a correction stage

and below the level of 2285 the stock may continue the down trend in the coming time. RESISTANCE 2380

SUPPORT 2285



HDFCBANK 2406.97 2360.93 2332.97 2286.93 2258.97


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R E S E A R C H

TECHNICAL OVERVIEW

HOUSING DEVELOPMENT FINANCEWEEKAHEAD

Weekly Pivots

HOUS

INGDEVELOPMENTFINANCE

Housing Development Finance rallied from the support level of 660. The stock now in a

consolidation state and has immediate resistance at the level of 730 and support level of 695

in the short run.

RESISTANCE 730

SUPPORT 695



HDFC 735.22 725.63 716.92 707.33 698.62


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R E S E A R C H

TECHNICAL OVERVIEW

HERO HONDAWEEKAHEAD

Weekly Pivots

HERO

HONDA

Hero Honda made high of 1926 and since then trading with the negative sentiments. The

stock has immediate support level of 1800 below which if the stock price sustained then

some more correction may be seen in it.

RESISTANCE 1870

SUPPORT 1800



HEROHONDA 1858.05 1841.3 1818.15 1801.4 1778.25


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R E S E A R C H

TECHNICAL OVERVIEW

HINDALCOWEEKAHEAD

Weekly Pivots

HI

NDALCO

Hindalco has bullish trend. The stock is now in a consolidation state and has immediate

support level of 220 above which the stock price may continue to move in the uptrend. The

stock is looking risky below the level of 220 and may show some more correction in the

coming time.

RESISTANCE 235

SUPPORT 220



HINDALCO 237.5 230.3 225.8 218.6 214.1


19/52

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R E S E A R C H

TECHNICAL OVERVIEW

HULWEEKAHEAD

Weekly Pivots

HUL

HUL is in bullish trend. The stock is now in a correction stage. The stock has crucial support

level of 295 below which if the stock price sustained then some more downside may be seen

in it.

RESISTANCE 312

SUPPORT 295



HINDUNILVR 313.7 307.75 304.05 298.1 294.4


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R E S E A R C H

TECHNICAL OVERVIEW

ICICI BANKWEEKAHEAD

Weekly Pivots

ICICIBANK

ICICI Bank has bullish trend. The stock is in correction stage and has crucial support level of

1185 below which if the stock price sustained then some more downside may be seen in it. RESISTANCE 1240

SUPPORT 1185



ICICIBANK 1250.78 1225.62 1209.73 1184.57 1168.68


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R E S E A R C H

TECHNICAL OVERVIEW

IDFCWEEKAHEAD

Weekly Pivots

IDFC

IDFC made high of 219 and since then trading with the negative sentiments. The stock has

immediate support level of 184 below which if the stock price sustained then some more

correction may be seen in it.

RESISTANCE 200

SUPPORT 184



IDFC 205.3 197.7 193.4 185.8 181.5


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R E S E A R C H

TECHNICAL OVERVIEW

INFOSYS TECHNOLOGIESWEEKAHEAD

Weekly Pivots

INFOS

YSTECHNOLOGIES

In today's trading session it was down by 1.86 %. It is now taking resistance at 3119 and

support at 2944 looking bearish in the coming trading session if it manages to trade below

the support level of 2944 else it has resistance at 3119 above this level it would be in a bullish

trend.

RESISTANCE 3119

SUPPORT 2944



INFOSYSTCH 3058.28 3028.07 3008.53 2978.32 2958.78


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R E S E A R C H

TECHNICAL OVERVIEW

ITCWEEKAHEAD

Weekly Pivots ITC

In today's trading session it traded below the 10 days and 50 days moving averages and now

it is moving in a downward trend with good volume. It is looking bearish in the coming

trading session, if it manages to trade below the support level of 170. One can take short

position in it at 170 else it has resistance level of 180 above this level it would be in a bullish

trend.

RESISTANCE 180

SUPPORT 170



ITC 179.02 176.43 174.42 171.83 169.82


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R E S E A R C H

TECHNICAL OVERVIEW

JAIPRAKASH ASSOCIATESWEEKAHEAD

Weekly Pivots

JAIPRA

KASHASS

OCIATES

Jaiprakash Associates form the last few trading session moving in a downward trend. In

today's trading session it closed above the 10 days and 50 days moving averages. It has

resistance at 141 and support at 122. One can take a short position in it, below 122 it would

be in a bearish trend.

RESISTANCE 141

SUPPORT 122



JPASSOCIAT 138.97 134.13 131.07 126.23 123.17


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R E S E A R C H

TECHNICAL OVERVIEW

JINDAL STEEL & POWERWEEKAHEAD

Weekly Pivots

JINDALSTEEL&

POWER

It is taking support at the level of 676, from the last few trading session it was moving in a

downward trend from this level either side of movement would be expected. Once it

manages to cross the level of 724 it would be in an uptrend else it has support at 676 below

this it would might face more selling pressure.

RESISTANCE 724

SUPPORT 676



JINDALSTEL 724.97 705.93 693.97 674.93 662.97


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R E S E A R C H

TECHNICAL OVERVIEW

LARSEN AND TUBROWEEKAHEAD

Weekly Pivots

LAR

SENAND

TOUBRO

In today's trading session it manages to trade below the 10 days and 50 days moving

averages. Looking bearish in the coming trading session one can go for short position in it at

2124 else it has support at 2044 below this level it would be in a downward trend.

RESISTANCE 2124

SUPPORT 2044



LT 2143.38 2111.82 2092.43 2060.87 2041.48


27/52

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R E S E A R C H

TECHNICAL OVERVIEW

KOTAK MAHINDRA BANKWEEKAHEAD

Weekly Pivots

KOTAK

MAHINDR

ABANK

In today's trading session it closed below the 10 days and 50 days moving averages and it

was down by 2.17 % now it is moving sideways form this level either side of movement

would be expected. One can go for short position in it at 464. It has resistance at 498 and

support at 464 below this level it would might face more selling pressure.

RESISTANCE 498

SUPPORT 465



KOTAKBANK 496.42 487.23 479.77 470.58 463.12


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R E S E A R C H

TECHNICAL OVERVIEW

MAHINDRA & MAHINDRAWEEKAHEAD

Weekly Pivots

MAHIN

DRA&MA

HINDRA

In today's trading session it manages to trade above the 10 days and 50 days moving

averages. Looking positive in the coming trading session if it manages to trade above the

resistance level of 827 else it has support level at 705 below this level it would be in a

downward trend.

RESISTANCE 827

SUPPORT 750



M&M 832.38 802.77 785.38 755.77 738.38


29/52

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R E S E A R C H

TECHNICAL OVERVIEW

MARUTI SUZUKI INDIAWEEKAHEAD

Weekly Pivots

MARUTISUZU

KIINDIA

It is taking support at 1420 and resistance at 1530. It is now trading at 1454.50 from the last

few trading session it is moving sideways. Looking bearish in the coming trading session if it

manages to trade below the support level of 1420 else above 1530 it would might be in an

uptrend.

RESISTANCE 1530

SUPPORT 1420



MARUTI 1480.8 1467.65 1455.85 1442.7 1430.9


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R E S E A R C H

TECHNICAL OVERVIEW

NTPCWEEKAHEAD

Weekly Pivots

NTPC

In today's trading session it was down by 0.38 % and it manages to trade below the 10 days

and 50 days moving averages. Form the last few trading session it is moving in a downward

from this level either side of movement would be expected. In order to be in an uptrend it has

to trade and consolidate above the resistance level of 195 else it has support at 190 below

this level it would be bearish.

RESISTANCE 195

SUPPORT 190



NTPC 194.83 193.52 192.63 191.32 190.43


31/52

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R E S E A R C H

TECHNICAL OVERVIEW

ONGCWEEKAHEAD

Weekly Pivots

ONGC

Form the last few trading session it was moving in a downtrend in today trading session it

was down by 0.99 %. It has resistance at 1354 and support at 1289 it is now trading below

the 10 days and 50 days moving averages. It is looking bearish in the coming trading session

if it manages to trade below the support level of 1289 else above 1354 it would might be in

an upward trend.

RESISTANCE 1354

SUPPORT 1289



ONGC 1340.93 1322.82 1308.88 1290.77 1276.83


32/52

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R E S E A R C H

TECHNICAL OVERVIEW

POWER GRID CORPORATION OF INDIAWEEKAHEAD

Weekly Pivots

POWE

RGRIDCOR

PORATIONOFINDIA

In this week it had been sideways, initially 2 days of this week it has taken the support at

95.35 and buying has been seen but could not sustained at higher level and given the weak

closing on Friday, it has very strong support at the level of 91 if it break this level then it will

continue its down trend else it may consolidate in near futures.

RESISTANCE 91

SUPPORT 109



POWERGRID 103.12 101.33 100.17 98.38 97.22


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R E S E A R C H

TECHNICAL OVERVIEW

PUNJAB NATIONAL BANKWEEKAHEAD

Weekly Pivots

PUNJABNATIONALBANK

In this week it has been in down trend and given the weak closing, long term trend of this

stock is bullish but now it is in mode of correction, it may correct till the level of 1265, it has

very strong support at the level of 1265 if it gives closing below to this level then it may

reverse its trend else it may continue its long term trend.

RESISTANCE 1401

SUPPORT 1240



PNB 1372.32 1348.63 1334.32 1310.63 1296.32


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Technical Picture


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R E S E A R C H

TECHNICAL OVERVIEW

RANBAXYWEEKAHEAD

Weekly Pivots

R

ANBAXY

As per our earlier report this week it had been in correction and given the weak closing, now

it faces the support at the level of 550 ,if it given closing below 556 level then it will continue

down trend else it may get consolidate in near future.

RESISTANCE 625

SUPPORT 556



RANBAXY 605.23 590.72 581.43 566.92 557.63


35/52

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R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE CAPITALWEEKAHEAD

Weekly Pivots

RELIANCE

CAPITAL

As per our earlier mentioned report it could not sustain at higher level and on Friday it gives

break out of tilted trend line which is indication of trend reversal, now it faces support of 777

if it break this support then it may take down ward trend, along with it faces resistance at the

level of 845, thus one may adopt in this stock sell on higher level strategy for the short

term target of 765 till it closes above 845.

RESISTANCE 872

SUPPORT 802



RELCAPITAL 832.2 808.2 793.95 769.95 755.7


36/52

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R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE COMMUNICATIONWEEKAHEAD

Weekly Pivots

RELIANC

ECOMMUN

ICATION

This week it had been sideways but on Friday it had given the weak closing ,it has been in

sideways trend since few week now it faces the support at the level of 165 if it break this

support then it may take down trend else it may take support at this level and buying may be

seen .

RESISTANCE 188

SUPPORT 165



RCOM 178.77 174.33 171.67 167.23 164.57


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R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE INDUSTRIESWEEKAHEAD

Weekly Pivots

R

ELIANCEINDUSTRIES

This week it could not sustained at higher level and shown the weak movement now it faces

the support at the level of 1033 if it break its support then selling pressure may be continued

else it may take support at this level and may adopt sideways trend in near future.

RESISTANCE 1134

SUPPORT 1070



RELIANCE 1099.15 1080.5 1068.75 1050.1 1038.35


38/52

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R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE INFRAUSTRUCTUREWEEKAHEAD

Weekly Pivots

RELIANCEINFRAUSTRUCTURE

This week it had been sideways, as per our earlier report this stock is moving in the range of

1079- 1025 thus one should wait till it crosses either side level. RESISTANCE 1079

SUPPORT 1007



RELINFRA 1084.47 1066.93 1054.47 1036.93 1024.47


39/52

Technical Picture


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R E S E A R C H

TECHNICAL OVERVIEW

RELIANCE POWERWEEKAHEAD

Weekly Pivots

RELIANCEPOWER

As per our earlier report it achieved its target and gave the very positive momentum in next

week profit booking may be seen ,now it faces the resistance of 210 until and unless it gives

closing above to this level it will not confirm its positive trend and may get consolidate.

RESISTANCE 210

SUPPORT 165



RPOWER 194.25 188.8 185.25 179.8 176.25


40/52

Technical Picture


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R E S E A R C H

TECHNICAL OVERVIEW

SIEMENSWEEKAHEAD

Weekly Pivots

SIEMENS

This week it had been sideways, this stock right now In the form of correction, making

higher bottom every times thus one may adopt in this stock Buy On Dips for the short term

target of 850 till it closes below 785.

RESISTANCE 860

SUPPORT 785



SIEMENS 856.1 840.8 827.95 812.65 799.8


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R E S E A R C H

TECHNICAL OVERVIEW

STERLITEWEEKAHEAD

Weekly Pivots

STERLITE

As per our earlier report this week it traded near to its year high and then profit booking has

been seen ,it has positive trend since few week ,now it faces the support at the level of 166

and resistance at the level of 165 one should wait till it determine its direction .

RESISTANCE 186

SUPPORT 165



STER 193.12 187.53 183.17 177.58 173.22


42/52

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R E S E A R C H

TECHNICAL OVERVIEW

STATE BANK OF INDIAWEEKAHEAD

Weekly Pivots

STATEBANKOFINDIA

This week it could not sustain on higher level and selling pressure has been seen in this stock,

on Friday it gave the weak closing, long term trend of this stock is bullish, but in this weak it

moved slightly negatively, it faces the strong support at the level of 3045 if it broke its

support then it may take down ward trend in near future else it may give the indication of

trend reversal at that point.

RESISTANCE 3250

SUPPORT 3100



SBIN 3240.9 3133.85 3067.95 2960.9 2895


43/52

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R E S E A R C H

TECHNICAL OVERVIEW

SAILWEEKAHEAD

Weekly Pivots

SAIL

As per our earlier report this week it did not break the support of 191 and buying has been

seen but it could not sustain on higher level, its trend is downward and it faces the very

strong support of 185 if it gives closing below to this level then it will continue its down

trend else it may take support at this point, along with it has resistance at the level of 206.

RESISTANCE 206

SUPPORT 185



SAIL 197.93 194.77 192.93 189.77 187.93


44/52

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R E S E A R C H

TECHNICAL OVERVIEW

SUN PHARMACEUTICALWEEKAHEAD

Weekly Pivots

SUNPHARMAC

EUTICAL

This week it had been positive, trend of this stock is bullish, now it faces the resistance of

2450and support of 2250 one should be cautious in this stock as it is moving lifetime high

thus profit booking may be seen in this stock any time and it may correct till the level of 2250

in near future.

RESISTANCE 2165

SUPPORT 1980



SUNPHARMA 2415.8 2368.7 2336.85 2289.75 2257.9


45/52

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R E S E A R C H

TECHNICAL OVERVIEW

SUZLONWEEKAHEAD

Weekly Pivots

SUZLON

This week it moved sideways tested it support of 55, its trend is sideways it is moving in the

range of 55-61 thus one should wait till it crosses either side level. RESISTANCE 65

SUPPORT 51



SUZLON 58.4 56.7 55.7 54 53


46/52

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R E S E A R C H

TECHNICAL OVERVIEW

TCSWEEKAHEAD

Weekly Pivots

TCS

This week it moved positively but in last 2 days of trading session selling pressure witnessed

due to profit booking long term trend of this stock is bullish but one should be cautious as it

is trading on higher level thus selling pressure may be continued and it may correct till the

level of 1030, along with it faces the resistance of 1100.

RESISTANCE 1100

SUPPORT 1020



TCS 1079.7 1067.8 1058 1046.1 1036.3


47/52

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R E S E A R C H

TECHNICAL OVERVIEW

TATA MOTORWEEKAHEAD

Weekly Pivots

TATA

MOTOR

This week it has shown mixed momentum and touched the 1355 level and then moved

down due to profit booking, long term trend of this stock is bullish, it may correct till the level

of 1160 in near future and then again it may take positive momentum thus one should wait

till it crosses its immediate resistance of 1220 then only it will confirm its bull run in near

future.

RESISTANCE 1250

SUPPORT 1160



TATAMOTORS 1308.88 1277.57 1259.58 1228.27 1210.28


48/52

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R E S E A R C H

TECHNICAL OVERVIEW

TATA STEELWEEKAHEAD

Weekly Pivots

TA

TASTEEL

As per our earlier report it broke the resistance of 635 and moved till 648 level and then got

reversed this week it has been in supportive trend ,now it faces the resistance of 655 if it

gives closing above to this level then it will confirm its positive trend else trend may get

reverse.

RESISTANCE 575

SUPPORT 635



TATASTEEL 641.05 624 613.75 596.7 586.45


49/52

Technical Picture


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R E S E A R C H

TECHNICAL OVERVIEW

TATA POWERWEEKAHEAD

Weekly Pivots

TATA

POWER

This week it has been sideways, it is moving in the range of 1460 and 1370, not breaking

either side level thus one should wait till it crosses either side level then only it will determine

its direction .

RESISTANCE 1475

SUPPORT 1370



TATAPOWER 1431.05 1403.5 1385.25 1357.7 1339.45


50/52

Technical Picture


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R E S E A R C H

TECHNICAL OVERVIEW

SESA GOAWEEKAHEAD

Weekly Pivots

SESAGOA

This week it tried to maintained the positive momentum it has very strong support at the

level of 310 and resistance at the level of 350 trend of this stock is positive one may adopt in

this stock buy on dips strategy for the target of 350 till it closes below 310.

RESISTANCE 365

SUPPORT 310



SESAGOA 346.1 339.85 335.25 329 324.4


51/52

Technical Picture


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R E S E A R C H

TECHNICAL OVERVIEW

WIPROWEEKAHEAD

Weekly Pivots

WIPRO

This week it moved down ward and then it took support at the level of 410 now it faces the

resistance of 445 if it crosses this level then it may take positive movement in near future else

it may continue its down ward trend.

RESISTANCE 500

SUPPORT 403



WIPRO 436.33 430.77 426.43 420.87 416.53


52/52

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R E S E A R C H

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Documents

Nifty 50 Reports for the Week (1st - 5th November - 2010)