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8/8/2019 Nifty - 50 Reports for the Week (27th - 31st December - 2010)
1/52www.capitalvia.c
om
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
www.capitalvia.com
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
Figure: 2 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
AMBUJACEM 145.27 143.08 140.17 137.98 135.07
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Technical Picture
Figure: 3 : Nifty50 Graph
www.capitalvia.com
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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
AXISBANK 1340.4 1331.2 1315.6 1306.4 1290.8
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Technical Picture
Figure: 4 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
BAJAJ-AUTO 1461.7 1453.3 1441.65 1433.25 1421.6
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Technical Picture
Figure: 5 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
BHEL 2327.05 2306.5 2289.35 2268.8 2251.65
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Technical Picture
Figure: 6 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
BPCL 690.82 681.63 675.82 666.63 660.82
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Technical Picture
Figure: 7 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
BHARTIARTL 359.27 353.93 346.47 341.13 333.67
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Technical Picture
Figure: 8 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
CIPLA 373.7 368.7 361.9 356.9 350.1
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Technical Picture
Figure: 9 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
CAIRN 335.87 332.03 329.77 325.93 323.67
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Technical Picture
Figure: 10 : Nifty50 Graph
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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
STOCK R2 R1 PP S1 S2
WEEKLY
27th Dec to 01st Jan
DLF 288.75 286.4 282.55 280.2 276.35
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Technical Picture
Figure: 11 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
DRREDDY 1707.38 1695.62 1683.33 1671.57 1659.28
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Technical Picture
Figure: 12 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
GAIL 520.58 517.17 511.58 508.17 502.58
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Technical Picture
Figure: 13 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
HCLTECH 461.68 458.37 454.68 451.37 447.68
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Technical Picture
Figure: 14 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
HDFCBANK 2255.8 2237.1 2206.05 2187.35 2156.3
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Technical Picture
Figure: 16 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
HEROHONDA 1984.87 1957.73 1924.87 1897.73 1864.87
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Technical Picture
Figure: 17 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
HINDALCO 246 242.8 237.3 234.1 228.6
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Technical Picture
Figure: 19 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
ICICIBANK 1135.25 1126.7 1119.35 1110.8 1103.45
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Technical Picture
Figure: 20 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
IDFC 179.45 177.55 175.95 174.05 172.45
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Technical Picture
Figure: 21 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
INFOSYSTCH 3404.42 3387.28 3364.67 3347.53 3324.92
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Technical Picture
Figure: 22 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
ITC 173.37 171.63 168.67 166.93 163.97
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Technical Picture
Figure: 24 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
JINDALSTEL 713.05 705.7 697.45 690.1 681.85
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Technical Picture
Figure: 25 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 26
WEEKLY
27th Dec to 01st Jan
LT 1986.4 1973.3 1951.6 1938.5 1916.8
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Technical Picture
Figure: 26 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
www.capitalvia.com 27
WEEKLY
27th Dec to 01st Jan
KOTAKBANK 456.92 453.93 450.02 447.03 443.12
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Technical Picture
Figure: 27 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
M&M 778.9 770.35 756.45 747.9 734
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Technical Picture
Figure: 28 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
MARUTI 1416.43 1403.97 1385.98 1373.52 1355.53
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Technical Picture
Figure: 29 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
NTPC 201.42 199.83 197.42 195.83 193.42
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Technical Picture
Figure: 30 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
ONGC 1310.25 1302.5 1292.25 1284.5 1274.25
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Technical Picture
Figure: 32 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
PNB 1237.15 1226.3 1209.15 1198.3 1181.15
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Technical Picture
Figure: 33 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
RANBAXY 581.08 577.17 574.08 570.17 567.08
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Technical Picture
Figure: 35 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
RCOM 155.12 148.53 137.82 131.23 120.52
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Technical Picture
Figure: 36 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
RELIANCE 1072.57 1066.13 1058.07 1051.63 1043.57
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Technical Picture
Figure: 37 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
RELINFRA 842.43 828.87 805.73 792.17 769.03
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Technical Picture
Figure: 38 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
RPOWER 161.97 158.73 153.22 149.98 144.47
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Technical Picture
Figure: 39 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
SIEMENS 838.17 823.83 800.47 786.13 762.77
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Technical Picture
Figure: 40 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
STER 190.58 187.77 182.63 179.82 174.68
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Technical Picture
Figure: 41 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
SBIN 2790.45 2772.9 2751.45 2733.9 2712.45
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Technical Picture
Figure: 42 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
SBIN 2790.45 2772.9 2751.45 2733.9 2712.45
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44/52
Technical Picture
Figure: 43 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
SUNPHARMA 497.1 485.2 464.1 452.2 431.1
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45/52
Technical Picture
Figure: 44 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
SUZLON 53.95 52.65 50.4 49.1 46.85
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46/52
Technical Picture
Figure: 45 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
TCS 1161.6 1151.35 1138.55 1128.3 1115.5
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Technical Picture
Figure: 46 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
TATAMOTORS 1365.98 1336.07 1319.08 1289.17 1272.18
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Technical Picture
Figure: 47 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
TATASTEEL 688.52 680.68 667.87 660.03 647.22
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49/52
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50/52
Technical Picture
Figure: 49 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
SESAGOA 325.52 320.83 313.02 308.33 300.52
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51/52
Technical Picture
Figure: 50 : Nifty50 Graph
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
STOCK R2 R1 PP S1 S2
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WEEKLY
27th Dec to 01st Jan
WIPRO 496.42 489.93 479.97 473.48 463.52
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R ES EA R C H
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WEEKLY
27th Dec to 01st Jan