Nifty 50 Reports for the Week (28th March - 1st April - 2011)

8/7/2019 Nifty 50 Reports for the Week (28th March - 1st April - 2011)

1/52www.capitalvia.c

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WEEKLYWEEKLY

STOCKS REPORTS04th Apr - 08th Apr 2011

Glob al Re se ar ch L imi t e d


2/52

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW

ACCWEEKAHEAD

Weekly Pivots

ACC

The stock continued its consolidation today as well. One could go for buying on dip strategy

in the stock till it breaches level of 1005 as it is expected to continue its bullish trend after a

short term correction in coming trading sessions.

RESISTANCE 1047

SUPPORT 1005

STOCK R2 R1 PP S1 S2

www.capitalvia.com 2

WEEKLY

04th Apr to 08th Apr 2011

Globa l Resear ch L im i t ed

ACC 1151.85 1121.7 1068.85 1038.7 985.85


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4/52

Technical Picture



TECHNICAL OVERVIEW

AXISWEEKAHEAD

Weekly Pivots

AXIS

The stock is currently moving in an up rally after crossing its resistance level. One could go for

buying on dip strategy and hold the long positions as it is expected to continue its bullish

trend.

RESISTANCE 1461

SUPPORT 1365


WEEKLY



AXISBANK 1486.03 1450.02 1407.53 1371.52 1329.03


5/52



TECHNICAL OVERVIEW

BAJAJ AUTOWEEKAHEAD

Weekly Pivots

BAJAJAUTO

The stock had a steep pull back from its support levels and moved in an up rally. One could go

for buying on dip strategy until it crosses the level of 1420 in downside as it is expected to

continue its bullish trend.

RESISTANCE 1485

SUPPORT 1420


WEEKLY



Technical Picture

BAJAJ-AUTO 1538.5 1498.25 1441.65 1401.4 1344.8


6/52



TECHNICAL OVERVIEW

BHELWEEKAHEAD

Weekly Pivots

BHEL

The stock is consolidating with a positive biasness. Its next resistance at 2150, crossing of this

level may take the stock further upwards else it may also resist at higher levels. RESISTANCE 2150

SUPPORT 2050


WEEKLY



Technical Picture

BHEL 2184.57 2154.73 2104.87 2075.03 2025.17


7/52



TECHNICAL OVERVIEW

BPCLWEEKAHEAD

Weekly Pivots

BPCL

The stock has successfully taken support at lower levels and is now moving in an up rally.

One could go for buying on dip strategy in the stock till it breaches the level of 583 in

downside as it is expected to continue its bullish trend.

RESISTANCE 621

SUPPORT 583


WEEKLY



Technical Picture

BPCL 645.13 625.87 604.43 585.17 563.73


8/52



TECHNICAL OVERVIEW

BHARTI AIRTELWEEKAHEAD

Weekly Pivots

BHART

IAIRTEL

The stock is moving in an up rally after crossing its resistance previously, and managed to

reach mentioned levels. It faces next resistance at 365, crossing of this level may continue its

bullish trend else it may also resist at higher levels.

RESISTANCE 365

SUPPORT 332


WEEKLY



Technical Picture

BHARTIARTL 382.02 368.63 351.57 338.18 321.12


9/52



TECHNICAL OVERVIEW

CIPLAWEEKAHEAD

Weekly Pivots

CIPLA

The stock tried to take support at lower levels and moved in an up rally. It now has resistance

at 337; crossing of this level may continue the bullish trend of the stock. RESISTANCE 337

SUPPORT 313


WEEKLY



Technical Picture

CIPLA 348.87 334.38 318.27 303.78 287.67


10/52



CAIRNWEEKAHEAD

CAIRN

The stock is currently consolidating with positive biasness. One could go for buying on dip

strategy in the stock till it breaches the level of 345 in downside as it is expected to move in

an uptrend in coming trading sessions.

RESISTANCE 359

SUPPORT 345


WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

CAIRN 361.98 357.52 351.38 346.92 340.78


11/52



DLFWEEKAHEAD

DLF

The stock is continuously moving in an uptrend from last many trading sessions. one should

now wait for sometime in the stock as a short term correction is expected in the stock. RESISTANCE 280

SUPPORT 254


WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

DLF 294.05 283.1 262.95 252 231.85


12/52


DR REDDYWEEKAHEAD

DRREDDY

Dr.Reddy Lab. has closed with the gains on WoW basis. The stock is in bullish trend and

closed above the level of 1600. So above the level of 1680 some more upside movements

may be seen in it.

RESISTANCE 1680

SUPPORT 1600



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

DRREDDY 1748.53 1684.62 1613.98 1550.07 1479.43


13/52


GAIL INDIAWEEKAHEAD

DRREDDY

GAIL India has volatile trading sessions in the last week and closed flat. The stock is trading in

short term uptrend and if breaches the level of 470 then some more upside may be seen in it. RESISTANCE 470

SUPPORT 455



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

GAIL 485.77 474.43 460.27 448.93 434.77


14/52


HCLWEEKAHEAD

HCL

HCL has volatile trading sessions in the last week and closed flat with the negative bias. The

stock is looking weak and if breaches the level of 465 then some more correction may be

seen in it.

RESISTANCE 486

SUPPORT 465



WEEKLY

WEEKAHEAD



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

HCLTECH 493.48 479.77 471.88 458.17 450.28


15/52


HDFC BANKWEEKAHEAD

HDFCBANK

HDFC Bank has closed with the good gains in the last week. The stock is consolidating at the

higher level and holding the support of 2300. So above the level of 2400 some more upside

may be seen in it.

RESISTANCE 2400

SUPPORT 2300



WEEKLY

WEEKAHEAD



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

HDFCBANK 2465.7 2404.6 2334.8 2273.7 2203.9


16/52


HOUSING DEVELOPMENT FINANCEWEEKAHEAD

HOUS

INGDEVELOPMENTFINANCE

Housing Development Finance is trading in strong uptrend and has closing above the level of

700. The stock has bullish trend and if sustains above the level of 715 then some more

upside may be seen in it in the short run.

RESISTANCE 715

SUPPORT 690



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

HDFC 749.93 728.92 693.98 672.97 638.03


17/52


HERO HONDAWEEKAHEAD

HERO

HONDA

Hero Honda has closing with the strong gains on WoW basis. The stock has closing near the

weekly high of 1635 and if sustains above it then some more upside may be seen in it. RESISTANCE 1635

SUPPORT 1575



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

HEROHONDA 1726.17 1663.08 1572.32 1509.23 1418.47


18/52


HINDALCOWEEKAHEAD

HI

NDALCO

Hindalco has positive breakout in the last trading session of the week and closed near the

day high. The stock is trading in uptrend and has strong resistance at 220 above which

upside momentum may continue in the coming trading sessions.

RESISTANCE 220

SUPPORT 204



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

HINDALCO 222.38 218.22 210.83 206.67 199.28


19/52


HULWEEKAHEAD

HUL

HUL has continued the recovery sessions in the last week. The stock is trading firm and

looking good in the coming trading sessions. So above the level of 292 it may continue the

uptrend.

RESISTANCE 292

SUPPORT 274



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

HINDUNILVR 300.4 292.05 281.7 273.35 263


20/52


ICICI BANKWEEKAHEAD

ICICIBANK

ICICI Bank has strong uptrend. The stock has closed with the moderate gains at the week

end and above the level of 1100. The stock trading with the positive bias and above the level

of 1130 upside momentum may continue in it.

RESISTANCE 1130

SUPPORT 1090



WEEKLY


WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

ICICIBANK 1152.8 1127.65 1102.85 1077.7 1052.9


21/52


IDFCWEEKAHEAD

IDFC

IDFC has closed with the gains and near the weekly high. The stock is trading in strong

bullish trend and above the level of 162 upside may continue in it. RESISTANCE 162

SUPPORT 153



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

IDFC 166.67 163.63 158.52 155.48 150.37


22/52


INFOSYS TECHNOLOGIESWEEKAHEAD

INFOS

YSTECHNOLOGIES

Infosys from the last few trading session moving in an upward trend, in today's trading

session it was down by 0.71 %. It is now taking resistance at 3269 above this level it would

be in an upward trend. One can go for long position in it at 3269 above this level it might test

the next resistance level of 3335.

RESISTANCE 3269

SUPPORT 3109



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

INFOSYSTCH 3353.83 3287.42 3198.58 3132.17 3043.33


23/52


ITCWEEKAHEAD

ITC

ITC has found support at 173 and resistance 185.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

182.50, from this level further upside of movement would be expected. It has resistance at

185 above this level it would be in an upward trend.

RESISTANCE 185

SUPPORT 173



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

ITC 190.1 186.65 181.5 178.05 172.9


24/52


JAIPRAKASH ASSOCIATESWEEKAHEAD

JAIPRA

KASHASS

OCIATES

In today's trading session it was up by 2086 %, from this level further upside movement

would be expected. It is looking bullish in the coming trading session if it manages to trade

above the resistance level of 100 else below support level of 87 it would be in a downward

trend.

RESISTANCE 100

SUPPORT 87



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

JPASSOCIAT 102.18 99.02 93.18 90.02 84.18


25/52


JINDAL STEEL & POWERWEEKAHEAD

JINDALSTEEL&

POWER

Jindal Steel & Power found support at 636 which served as a strong support level. In today's

trading session it closes near to the resistance level of 705. It has resistance at 705 above this

level it would be in a bullish trend else below 680 it would be bearish in trend.

RESISTANCE 678

SUPPORT 680



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

JINDALSTEL 731.3 715.6 687.8 672.1 644.3


26/52


27/52


KOTAK MAHINDRA BANKWEEKAHEAD

KOTAK

MAHINDR

ABANK

Kotak Mahindra Bank in today's trading session manages to consolidate in a particular price

range of 450-463; from this level either side of movement would be expected. In looking

bearish if it manages to trade and sustain below the support level of 434 it would be in a

downward trend.

RESISTANCE 463

SUPPORT 434



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

KOTAKBANK 468.6 459.3 453.7 444.4 438.8


28/52


MAHINDRA & MAHINDRAWEEKAHEAD

MAHIN

DRA&MA

HINDRA

M&M in today's trading session found the support at 685 and resistance at 720. 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 looking bullish in the coming trading session if it manages to trade above the

resistance level of 720 else below 662 it would be in a downward trend.

RESISTANCE 707

SUPPORT 662



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

M&M 746.07 729.03 699.57 682.53 653.07


29/52


MARUTI SUZUKI INDIAWEEKAHEAD

MARUTISUZU

KIINDIA

Maruti in today's trading session moving sideways and manages to move above the 10 days

and 50 days moving averages; from this level further upside movement would be expected.

It is now trading at 1271.10.One can go for long position in it at 1296 above this level it

might test the next resistance level of 1340.

RESISTANCE 1296

SUPPORT 1235



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

MARUTI 1365.07 1318.53 1249.27 1202.73 1133.47


30/52


NTPCWEEKAHEAD

NTPC

After making a low of 175.20 it is continuously moving in an upward trend, in today's

trading session it was down by 2.20 %. It is looking strong on charts; one can go for long

position in it at 195 above this level it would be in an upward trend.

RESISTANCE 195

SUPPORT 187



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

NTPC 202.4 195.6 188.2 181.4 174


31/52


ONGCWEEKAHEAD

ONGC

ONGC battered down to 269.40 levels from the high of 286, from the support levels of 266

it made a smart recovery and made a high of 296. It is taking support at 279 and resistance at

301.One can go for long position in it at 301 for the target of 310.

RESISTANCE 310

SUPPORT 296



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

ONGC 309.3 301.35 287.7 279.75 266.1


32/52


POWER GRID CORPORATION OF INDIAWEEKAHEAD

POWE

RGRIDCOR

PORATIONOFINDIA

Power Grid form the last few trading session moving in an uptrend and it is now trading at

104.85. It is now taking support at 99 and resistance 108 form this level further upside

movement would be expected. One can go for long position in it at 108 for the target of

112.

RESISTANCE 108

SUPPORT 99



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

POWERGRID 110.42 107.73 102.82 100.13 95.22


33/52


34/52


RANBAXYWEEKAHEAD

R

ANBAXY

Ranbaxy battered down to 430.60 which served as a major support level, it now moving in

an upward trend. It is looking strong on charts from this level further upside movement

would be expected, above 450 it would be in an upward trend.

RESISTANCE 450

SUPPORT 428



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

RANBAXY 474.73 462.87 446.73 434.87 418.73


35/52


RELIANCE CAPITALWEEKAHEAD

RELIANCE

CAPITAL

Reliance capital from the last few trading session moving in a particular price range of 560-

595, in today's trading session it breaches the resistance level of 596 and made a high of

616. It is now taking support at 586 and resistance at 642. One can go for long position in it

at 642 above this level it would be in an upward trend.

RESISTANCE 642

SUPPORT 596



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

RELCAPITAL 645.13 629.57 600.43 584.87 555.73


36/52


RELIANCE COMMUNICATIONWEEKAHEAD

RELIANC

ECOMMUN

ICATION

After making a low of 84.25 it is continuously moving in an upward trend. It is looking strong

on charts; if it manages to trade above the resistance level of 113 it would be in a bullish

trend else it has support at 109. One can go for long position in it for the target of 118.

RESISTANCE 113

SUPPORT 109



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

RCOM 117.8 114.7 109.6 106.5 101.4


37/52


RELIANCE INDUSTRIESWEEKAHEAD

R

ELIANCEINDUSTRIES

It is taking resistance at 1066 and support at 1030. It is looking bullish in the coming trading

session, one can go for long position in at 1066 else below 1030 it would be in a downward

trend.

RESISTANCE 1066

SUPPORT 1030



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

RELIANCE 1090.3 1063.1 1038.7 1011.5 987.1


38/52


RELIANCE INFRAUSTRUCTUREWEEKAHEAD

RELIANCEINFRAUSTRUCTURE

It is now taking support at 664 and resistance at 712.It is looking strong on chart in today's

trading session it was up by 0.77 % from this level further upside of movement would be

expected. Once can go for long position in it at 712 above this level it might be in a bullish

trend.

RESISTANCE 712

SUPPORT 664



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

RELINFRA 742.67 717.33 684.67 659.33 626.67


39/52


RELIANCE POWERWEEKAHEAD

RELIANCEPOWER

The stock is currently facing a correction phase. One could hold the long positions in the

stock till it breaches the level of 117 in downside as it is expected to continue its bullish trend. RESISTANCE 136.70

SUPPORT 121.50



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

RPOWER 141.9 137.45 130.15 125.7 118.4


40/52


SIEMENSWEEKAHEAD

SIEMENS

The stock is consolidating at higher levels currently. One should wait for crossing of levels on

either side before taking any positions in the stock. RESISTANCE 885

SUPPORT 864



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

SIEMENS 895.83 889.92 881.08 875.17 866.33


41/52


STERLITEWEEKAHEAD

STERLITE

The stock has tried to take support at lower levels and moved in an up rally. One should now

wait for further movement in the stock as it is expected to have some correction after a

continuous up rally.

RESISTANCE 172.50

SUPPORT 165.50



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

STER 183 178.5 171.05 166.55 159.1


42/52


43/52


SAILWEEKAHEAD

SAIL

The stock is currently moving with a positive biasness. It has next resistance at 171.50

crossing of this will take the stock further upwards. One could hold the long positions in the

stock as it is expected to continue its bullish trend.

RESISTANCE 171.50

SUPPORT 154.50



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

SAIL 175.85 172.9 169.45 166.5 163.05


44/52


SUN PHARMACEUTICALWEEKAHEAD

SUNPHARMAC

EUTICAL

Sun Pharma has quite trading session and closed flat with the negative bias. The stock has

immediate support level of 435 and if sustains above it then above the level of 450 some

upside may be seen in it else it may show some correction in the coming time.

RESISTANCE 450

SUPPORT 435



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

SUNPHAR MA 471.13 458.32 447.28 434.47 423.43


45/52


SUZLONWEEKAHEAD

SUZLON

Suzlon has shown sharp rally from the support level and made an intraday high of 49 and

closed near it. The stock has strong bullish trend and above the level of 50 some more upside

may be seen in it.

RESISTANCE 50

SUPPORT 46.50



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

SUZLON 52.63 50.67 47.03 45.07 41.43


46/52


TCSWEEKAHEAD

TCS

TCS has closed with the strong gains at the week end. The stock is trading near the

immediate resistance level of 1200 with the positive bias. So a decisive breakout above it

may further continue the uptrend in the coming trading sessions.

RESISTANCE 1200

SUPPORT 1165



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

TCS 1253.33 1217.17 1162.58 1126.42 1071.83


47/52


TATA MOTORWEEKAHEAD

TATA

MOTOR

Tata motor has uptrend. The stock is consolidating at the higher level and has immediate

resistance at 1265 above which it may further continue the uptrend in the coming trading

sessions.

RESISTANCE 1265

SUPPORT 1220



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

TATAMOTORS 1300.97 1269.53 1229.47 1198.03 1157.97


48/52


TATA STEELWEEKAHEAD

TA

TASTEEL

Tata steel has short term uptrend. The stock is looking good and made a weekly high of 630

in the last trading session. The stock has closing near the weekly high and above the level of

630 some more upside may be seen in it.

RESISTANCE 630

SUPPORT 613



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

TATASTEEL 642.7 633.9 621.15 612.35 599.6


49/52


TATA POWERWEEKAHEAD

TATA

POWER

Tata power has strong uptrend. The stock has quite trading session today and consolidating

at the level of 1350 with the positive bias. So above the level of 1350 some more uptrend

may be seen in it.

RESISTANCE 1350

SUPPORT 1290



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

TATAPOWER 1388.03 1353.07 1315.03 1280.07 1242.03


50/52


SESA GOAWEEKAHEAD

SESAGOA

The stock is moving in an uptrend currently. One could go for buying on dip strategy in the

stock as it is expected to continue its bullish trend. RESISTANCE 301.40

SUPPORT 285.30



WEEKLY



TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture

SESAGOA 316.87 307.43 289.82 280.38 262.77


51/52


52/52

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WEEKLY



Documents

Nifty 50 Reports for the Week (28th March - 1st April - 2011)