Nifty 50 Reports for the Week (8th - 12th August '11)

8/6/2019 Nifty 50 Reports for the Week (8th - 12th August '11)

1/52

NIFTY50NIFTY50

WEEKLY REPORT08th August - 12th August 2011

Global Research L imited


2/52www.capitalvia.com 3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview

Weekly Pivots

The stock had a correction phase in today's trading session. Its next major support is at 945, breach of this level may take the

stock further downwards.

STOCK R2 R1 PP S1 S2

9451000

SUPPORTRESISTANCE

ACCACC

Global Research L imitedWEEKLY REPORT08th August - 12th August 2011

ACC 1048.43 1008.22 979.78 939.57 911.13


3/52www.capitalvia.com 3

Technical Picture


Technical Overview

Weekly Pivots

The stock moved with negative biasness throughout the week and made a low of 120.30. Its next major support is at 120,

breach of this level will take the stock further down.


120130.20

SUPPORTRESISTANCE

Ambuja CementsAmbuja Cements


AMBUJACEM 138.53 131.37 125.83 118.67 113.13


4/52

Axis BankAxis Bank

www.capitalvia.com 4

Technical Picture


Technical Overview

Weekly Pivots

The stock has resisted at higher levels and had a a steep downfall this week and recovered a bit in today's trading session. Its

major support is now at 1200. One should wait for sometime in the stock as it is expected to consolidate a bit.


12001265

SUPPORTRESISTANCE


AXISBANK 1439.23 1343.37 1271.68 1175.82 1104.13


5/52

Bajaj Auto Ltd.Bajaj Auto Ltd.


Technical Picture


Technical Overview

Weekly Pivots

The stock has resisted at higher levels and is now facing correction phase after a continuous up rally and made a low of

1356.25. one should now wait for sometime in the stock as it is expected to consolidate a bit after steep fall.


13551475

SUPPORTRESISTANCE


1570.4 1487.35 1421.8 1338.75 1273.2BAJAJ AUTO


6/52

Bharat Heavy ElectricalBharat Heavy Electrical


Technical Picture


Technical Overview

Weekly Pivots

The stock continued its bearish trend this week and lost around 6.9% on weekly basis. One could still hold the short

positions in the stock as it is expected to continue its bearish trend.


16951830

SUPPORTRESISTANCE


BHEL 1910.7 1815.4 1757.7 1662.4 1604.7


7/52

Bharat Petroleum CorporationBharat Petroleum Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock managed to cross its resistance level this week and showed an up rally. it today managed to reach our mentioned

levels. Its next major resistance level is at 710, crossing of this level will take the stock further upwards.


675710

SUPPORTRESISTANCE


BPCL 744.87 723.18 687.32 665.63 629.77


8/52

Bharti AirtelBharti Airtel


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently facing a correction phase post its lower than expected quarterly nos. Its next support is at 408, breach

of this level may bring some more correction in the stock while it has resistance at 430, crossing of this level may take the

stock upward. One has to wait in the stock.


408430

SUPPORTRESISTANCE


BHARTIARTL 463.45 440 424.4 400.95 385.35


9/52

CiplaCipla


Technical Picture


Technical Overview

Weekly Pivots

The stock had a bearish trend throughout the last week. one should now wait for sometime in the stock as it is expected to

consolidate a bit after a continuous fall. Its next support is at 295 while it has resistance at 316, crossing of this level may

take the stock upwards in short term.


295316

SUPPORTRESISTANCE


CIPLA 325.37 316.33 306.42 297.38 287.47


10/52

Cairn IndiaCairn India


Technical Picture


Technical Overview

Weekly Pivots

The stock today had a lower opening and then had a down rally. it has support at 280, breach of this level may take the

stock further down


280316

SUPPORTRESISTANCE


CAIRN 329.57 307.63 293.82 271.88 258.07


11/52

DLFDLF


Technical Picture


Technical Overview

Weekly Pivots

The stock moved in a bearish trend this week. its major support is at 203, breach of this level may take the stock further

down else it may also bounce back from lower support levels.


203215

SUPPORTRESISTANCE


DLF 251.9 231.6 217.5 197.2 183.1


12/52

Dr. Reddy LaboratoriesDr. Reddy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed on negative note. The major trend presently in the stock is weak. The

stock is now facing resistance at 1560 which is the 50 day moving average of the stock and has support at 1470. As the

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


14701560

SUPPORTRESISTANCE


DRREDDY 1676.6 1601.7 1539.1 1464.2 1401.6


13/52

Gail IndiaGail India


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and closed with negative biasness. The major trend presently in the stock is

sideways. The stock is now facing resistance at 476 and has support at 451. As the stock closed with negative biasness a

further down movement can be seen in the stock once it breaks its support level.


451476

SUPPORTRESISTANCE


GAIL 485.77 471.53 461.77 447.53 437.77


14/52

HCL TechnologiesHCL Technologies


Technical Picture


Technical Overview

Weekly Pivots

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

resistance at 460 and has support at 430. Break of support may take the stock further down. One may go for selling the

stock once it breaks its support level.


430460

SUPPORTRESISTANCE


HCLTECH 522.8 482.9 454.95 415.05 387.1


15/52

HDFC BankHDFC Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed on a negative note. The stock is now facing resistance at 488 which is

the 50 day moving average of the stock and has support at 460. 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 level.


460488

SUPPORTRESISTANCE


HDFCBANK 515.13 495.47 476.28 456.62 437.43


16/52

Housing Development FinanceHousing Development Finance


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed with negative biasness. The stock is now facing resistance at 680 which

is the 50 day moving average of the stock and has support at 653. Break of support may take the stock further down. One

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


653680

SUPPORTRESISTANCE


HDFC 726.38 697.67 678.28 649.57 630.18


17/52

Hero Honda MotorsHero Honda Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and closed on a negative note. The stock is now facing resistance at 1830 and

has support at 1770. Break of support may take the stock further down. One may go for selling the stock once it breaks its

support level.


17701830

SUPPORTRESISTANCE


HEROHONDA 1873.33 1827.67 1784.33 1738.67 1695.33


18/52

Hindalco IndustriesHindalco Industries


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous down move during the week and during the last trading session of the week it showed an

up move and closed on a positive note. The trend presently in the stock is weak. The stock is now facing resistance at 168

and has support at 157. Break of resistance may take the stock further up. One may go for buying the stock once it breaks

its resistance level.


157168

SUPPORTRESISTANCE


HINDALCO 182.45 173.1 162.55 153.2 142.65


19/52

Hindustan UnileverHindustan Unilever


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed with negative biasness. The stock is now facing resistance at 326 and

has support at 311. The trend presently in the stock is weak. 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 level.


311326

SUPPORTRESISTANCE


HINDUNILVR 334 325.5 318.8 310.3 303.6


20/52

ICICI BankICICI BankWeekly Pivots


Technical Picture


Technical Overview

Weekly Pivots

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

resistance at 987 and has support at 950. A further down movement is expected in the stock once it breaks its support level.

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


950987

SUPPORTRESISTANCE


ICICIBANK 1104.6 1039.8 994.9 930.1 885.2


21/52

IDFCIDFC


Technical Picture


Technical Overview

Weekly Pivots

IDFC continued its negative side movements this week also and made weekly low of 115.80. The stock now has resistance

level at 126 and support level at 115. In short term it is expected to consolidate with positive biasness and remain range

bound.


115126

SUPPORTRESISTANCE


IDFC 137.28 129.77 122.78 115.27 108.28


22/52

Infosys TechnologiesInfosys Technologies


Technical Picture


Technical Overview

Weekly Pivots

INFOSYS remained highly bearish all through last week and made weekly low of 2600.35. The stock now has resistance

level at 2700 and support level at 2595. It is expected to consolidate and remain range bound in short term, also breaching

of support level may take the stock at lower levels.


25952700

SUPPORTRESISTANCE


INFY 2948.42 2774.23 2649.62 2475.43 2350.82


23/52

ITCITC


Technical Picture


Technical Overview

Weekly Pivots

ITC had volatile trading session in previous week and it closed with the loss of almost 5.73%. The stock may take resistance

from the level of 199 and it has support level at 190. In short term it is expected to consolidate and remain range bound.


190199

SUPPORTRESISTANCE


ITC 220.17 208.33 199.42 187.58 178.67


24/52

Jaiprakash AssociatesJaiprakash Associates


Technical Picture


Technical Overview

Weekly Pivots

JP ASSOCIATES continued negative side movements last week also and made weekly low of 58.75. The stock has resistance

level at 62 and support level at 58. In short term it is expected to consolidate with negative biasness in short term, also

breaching of support level may take the stock at lower levels.


5862

SUPPORTRESISTANCE


JPASSOCIAT 72.65 66.85 62.8 57 52.95


25/52

Jindal Steel & PowerJindal Steel & Power


Technical Picture


Technical Overview

Weekly Pivots

JINDAL STEEL AND POWER moved with negative biasness all through last session and made weekly low of 519.15. The

stock has resistance level at 563 and support level at 500. It is expected to consolidate and remain range bound in short

term, breaching of support level may take it to lower levels.


500563

SUPPORTRESISTANCE


JINDALSTEL 624.63 586.42 552.78 514.57 480.93


26/52

Larsen and ToubroLarsen and Toubro


Technical Picture


Technical Overview

Weekly Pivots

L&T continued downside movement last week also and made weekly low of 1571.30. The stock has resistance level at 1685

and support level at 1570. In short term it is expected to consolidate with negative biasness.


15701685

SUPPORTRESISTANCE


LT 1856.77 1750.33 1660.82 1554.38 1464.87


27/52

Kotak Mahindra BankKotak Mahindra Bank


Technical Picture


Technical Overview

Weekly Pivots

KOTAK MAHINDRA BANK had sideways movements all through last week and it closed with moderate losses. The stock has

support level at 426 and resistance level at 464. It is expected consolidate and remain range bound in short term.


426464

SUPPORTRESISTANCE


KOTAKBANK 475.42 456.13 444.32 425.03 413.22


28/52

Mahindra and MahindraMahindra and Mahindra


Technical Picture


Technical Overview

Weekly Pivots

M&M breached its major support level last week and made weekly low of 638.25. The stock has support level at 635 and

resistance level at 670. It is expected to consolidate and remain range bound in short term.


635670

SUPPORTRESISTANCE


M&M 774.87 716.78 677.52 619.43 580.17


29/52

Maruti Suzuki IndiaMaruti Suzuki India


Technical Picture


Technical Overview

Weekly Pivots

MARUTI remained sideways during last week and closed with moderate losses. The stock has resistance level at 1222 and

support level at 1168. In short term it is expected to consolidate and may test its resistance level.


11681222

SUPPORTRESISTANCE


MARUTI 1256 1223 1195.9 1162.9 1135.8


30/52

NTPC Ltd.NTPC Ltd.


Technical Picture


Technical Overview

Weekly Pivots

NTPC had volatile trading session last week and made weekly low of 170.75. The stock has support level at 170 and

resistance level at 178. In short term it is expected to consolidate with negative biasness. Also breaching of support level

may take it to lower levels.


170178

SUPPORTRESISTANCE


NTPC 185.68 178.32 174.53 167.17 163.38


31/52

Oil and Natural Gas CorpOil and Natural Gas Corp


Technical Picture


Technical Overview

Weekly Pivots

The stock in today's trading session manages to trade near to the resistance level of 283; from this level further upside of

movement would be expected. It is now taking resistance at 283 and support at 267. It is looking strong on charts; one can

go for long position in it at 283 for the target of 295.


267283

SUPPORTRESISTANCE


ONGC 288.57 283.03 275.02 269.48 261.47


32/52

Power Grid Corporation of IndiaPower Grid Corporation of India


Technical Picture


Technical Overview

Weekly Pivots

The stock was moving in a downward trend, in today's trading session it manages to trade and close below the 10 days and

50 days DMA. It is now taking resistance at 110 and support at 100. It is looking weak on charts; one can go for short

position in it at 100 for the target of 95.


100110

SUPPORTRESISTANCE


POWERGRID 112.48 107.72 103.93 99.17 95.38


33/52

Punjab National BankPunjab National Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock was in short term downtrend, it is now trading at 1075.55 and it made a low of 1041.45. It is showing losing

momentum with increase in volume and it is now trading at 1075.55, from this level further downside of movement would

be expected. It is now taking support at 1040 below it would might face more selling pressure.


10401113

SUPPORTRESISTANCE


PNB 1190.5 1132.75 1087.1 1029.35 983.7


34/52

Ranbaxy LaboratoriesRanbaxy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

After making a high of 570 it is continuously moving in a downward trend, in today's trading session it made a low of

510.55. It is looking bearish in the coming trading session if it manages to trade below the support level of 504 else above

570 it would be in an upward trend.


504570

SUPPORTRESISTANCE


RANBAXY 593.33 557.22 533.88 497.77 474.43


35/52

Reliance CapitalReliance Capital


Technical Picture


Technical Overview

Weekly Pivots

The stock closed negative and it is showing losing momentum with trading below its 10 days and 50 days moving averages

and it is now trading at 493.35. It is looking bearish in the coming trading session; one can go short position in it at 568 for

the target of 535.


568505

SUPPORTRESISTANCE


RELCAPITAL 626.38 559.97 519.48 453.07 412.58


36/52

Reliance CommunicationsReliance Communications


Technical Picture


Technical Overview

Weekly Pivots

A gap down opening made it to trade below the 10 days and 50 days moving averages and it is now trading at 91.85. It is

now taking support at 89 and resistance at 97. In order to be in an upward trend it has to trade and consolidate above the

10 days and 50 days moving averages, below support level of 89 it would be bearish in trend.


8997

SUPPORTRESISTANCE


RCOM 109.28 101.02 95.63 87.37 81.98


37/52

Reliance IndustriesReliance Industries


Technical Picture


Technical Overview

Weekly Pivots

After consolidating in a range of 820-840, the stock has resumed it downtrend and it is now trading at 792, from this level

further downside of movement would be expected. It is looking weak on chart; one can go for short position in it at 779 for

the target of 750.


779840

SUPPORTRESISTANCE


RELIANCE 863.2 827.6 803.3 767.7 743.4


38/52

Reliance InfrastructureReliance Infrastructure


Technical Picture


Technical Overview

Weekly Pivots

After consolidating around the 530-570 range. The stock has resumed it downtrend and it is now trading at 523.90, from

this level further downside of movement would be expected. One can go for short position in it at 515 for the target of 510.


515580

SUPPORTRESISTANCE


RELINFRA 599.07 561.58 541.32 503.83 483.57


39/52

Reliance PowerReliance Power


Technical Picture


Technical Overview

Weekly Pivots

The stock is moving short term uptrend and in today's trading session it battered down to the level of 101, from this level

further downside of movement would be expected and it is now trading at 103.35. One can go for short position in it at

101 for the target of 95.


101106

SUPPORTRESISTANCE


RPOWER 119.02 111.13 106.07 98.18 93.12


40/52

Siemens IndiaSiemens India


Technical Picture


Technical Overview

Weekly Pivots

The stock had a correction phase this week. it managed to breach its support level and made a low of 875. Its major support

is at 874.50 now, breach of this level will take the stock further downwards till the levels of 850-845 in coming trading

sessions.


874.50922

SUPPORTRESISTANCE


SIEMENS 955.67 927.33 901.17 872.83 846.67


41/52

Sterlite Industries IndiaSterlite Industries India


Technical Picture


Technical Overview

Weekly Pivots

STERLITE INDUSTRIES showed negative side movements all through last week, it made weekly low of 137.50 and closed

with the loss of 11.45%. It is expected to consolidate with negative biasness and may test its support level in short term.


133150

SUPPORTRESISTANCE


STER 172.42 157.23 147.37 132.18 122.32


42/52

State Bank of IndiaState Bank of India


Technical Picture


Technical Overview

Weekly Pivots

The stock is continued to move in bearish trend this week as well. It now hold support at 2173, breach of this level may take

the stock further downwards else it may also bounce back from lower support levels.


21732254

SUPPORTRESISTANCE


SBIN 2469.5 2353.5 2267 2151 2064.5


43/52

Steel Authority of IndiaSteel Authority of India


Technical Picture


Technical Overview

Weekly Pivots

The stock continued to move in bearish trend this week as well and has lost up to 9.25% this week. one should now wait

for sometime in the stock as it is expected to consolidate a bit after a continuous downtrend.


110122.50

SUPPORTRESISTANCE


SAIL 135.13 125.47 117.78 108.12 100.43


44/52

Sun PharmaceuticalsSun Pharmaceuticals


Technical Picture


Technical Overview

Weekly Pivots

The stock remained bearish all through last week and made weekly low of 485.10. It now has resistance level at 518 and

support level at 483. It is expected to show further correction in near term and below support level it is looking weak.


483518

SUPPORTRESISTANCE


SUNPHARMA 551.93 525.97 505.53 479.57 459.13


45/52

GrasimGrasim


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the earlier trading days of the week and moved down during the last trading day and

closed with negative biasness. The stock is now facing resistance at 2172 which is the 50 day moving average of the stock

and has support at 2080. As the stock closed with negative biasness a further down move 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.


20802172

SUPPORTRESISTANCE


GRASIM 2291.1 2202.2 2146.1 2057.2 2001.1


46/52

Tata Consultancy ServicesTata Consultancy Services


Technical Picture


Technical Overview

Weekly Pivots

The stock showed bearish phase during last week and made weekly low of 1028. It has resistance level at 1100 and support

level at 1028. The major trend in the stock is bearish. It is expected to consolidate and remain range bound in short term and

breaching of support level may take it to lower levels.


10281100

SUPPORTRESISTANCE


TCS 1200.83 1129.87 1078.93 1007.97 957.03


47/52

Tata MotorsTata Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a down movement during the week and closed on negative note. The major trend in the stock is bearish.

It now has resistance level at 912 and support level at 870.One may hold short position in it till it crosses its resistance level

upside.


870912

SUPPORTRESISTANCE


TATAMOTORS 1006 948.1 909.05 851.15 812.1


48/52

Tata SteelTata Steel


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed on a negative note and marked a low of 527. It now has next support

level at 520 and resistance level at 554. One may hold short position in it till it crosses its resistance level upside.


520554

SUPPORTRESISTANCE


TATASTEEL 594.1 563.3 545.15 514.35 496.2


49/52

Tata Power SupplyTata Power Supply


Technical Picture


Technical Overview

Weekly Pivots

TATA POWER SUPPLY remains positive all through last week and made a weekly high of 1324. The major trend in the stock is

bullish. In short term correction can be expected. It now has next resistance level at 1326 and support level at 1275. One

may go for the long position above its resistance level.


12751326

SUPPORTRESISTANCE


TATAPOWER 1337.92 1283.43 1255.22 1200.73 1172.52


50/52

Sesa GoaSesa Goa


Technical Picture


Technical Overview

Weekly Pivots

The stock has manages to closed near to the resistance level of 287 from this level further upside of movement would be

expected. The closed positive from this level further upside of movement would be expected. One can go for long position

in it at 287 for the target of 300.


265287

SUPPORTRESISTANCE


SESAGOA 295 271.3 256.3 232.6 217.6


51/52

Wipro CorporationWipro Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock had a downward trend this week. its next major support is at 353, breach of this level may take it further down

else it may also bounce from lower support levels .


353385

SUPPORTRESISTANCE

Global Research L imitedGlobal Research L imitedWEEKLY REPORT08th August - 12th August 2011

WIPRO 413.45 391.55 375.3 353.4 337.15


52/52

Contact Number:

Hotline: +91-91790-02828

Landline: +91-731-6680000

Fax: +91-731-4238027

No. 99, 1st Floor, Surya Complex

R. V. Road, Basavangudi

Opposite Lalbagh West Gate

Corporate Office Address:

India:

CapitalVia Global Research Limited

No. 506 West, Corporate House

169, R. N. T. Marg, Near D. A. V. V.

Indore - 452001

Singapore:

CapitalVia Global Research Pvt. Ltd.

Block 2 Balestier Road

#04-665 Balestier Hill

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (orliability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein isbased on analysis and up on sources that we consider reliable. This material isfor personal information and based upon it & take no responsibility

The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and

forecasts, can change without notice.

Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.

It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation forwhich either the site or its owners or anyone can be held responsible for.

Any surfing and reading of the information is the acceptance of this disclaimer.

All Rights Reserved.

Investment in Stocks has its own risks.We, however, do not vouch for the accuracy or the completeness thereof.

we are not responsible for any loss incurred whatsoever for any financial profits or

loss which may arise from the recommendations above.

CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.

Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided byus to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

D I S C L A I M E R


Nifty 50 Reports for the Week (8th - 12th August '11)

Documents

Transcript of Nifty 50 Reports for the Week (8th - 12th August '11)