Nifty 50 Reports for the Week (9th - 13th May '11)

8/6/2019 Nifty 50 Reports for the Week (9th - 13th May '11)

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STOCKS REPORTS

Glob al Re se ar ch L imi t e d

WEEKLYWEEKLY

09th May 13th May 2011


2/52

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW

ACCWEEKAHEAD

Weekly Pivots

ACC

The stock had a steep downfall this week and was amongst the top losers in heavyweights

with loss of 12.80%. It now has next support at 960, breach of this level may continue the

bearish trend of the stock else it may also bounce back from lower support levels.

STOCK R2 R1 PP S1 S2

www.capitalvia.com 2

WEEKLY

09th May to 13th May 2011

Globa l Resear ch L im i t ed

RESISTANCE 1010

SUPPORT 960

ACC 1162.78 1070.97 1022.98 931.17 883.18


3/52

Technical Picture



TECHNICAL OVERVIEW

AMBUJA CEMENTWEEKAHEAD

Weekly Pivots

AMBHUJA

CEMENT

The stock is moving in a bullish trend. One could hold the long positions in the stock as it is

expected to move till the levels of 162-164 in near term. RESISTANCE 164

SUPPORT 149


WEEKLY



AMBUJACEM 165.4 151.05 142.55 128.2 119.7


4/52

Technical Picture



TECHNICAL OVERVIEW

AXISWEEKAHEAD

Weekly Pivots

AXIS

The stock had a downfall in early trading sessions of the week and is now consolidation.

One should now wait for crossing of levels on either side as it is expected to continue its

consolidation for some trading session.

RESISTANCE 1298

SUPPORT 1180


WEEKLY



AXISBANK 1332.18 1271.02 1236.83 1175.67 1141.48


5/52



TECHNICAL OVERVIEW

BAJAJ AUTOWEEKAHEAD

Weekly Pivots

BAJAJAUTO

The stock had a downfall in early trading sessions of the week and is now consolidation.

Now it has next support at 1275, breach of this level may take the stock further downward

else it may also bounce back from lower support levels.

RESISTANCE 1325

SUPPORT 1275


WEEKLY


Technical Picture


BAJAJ-AUTO 1574.63 1430.27 1351.98 1207.62 1129.33


6/52



TECHNICAL OVERVIEW

BHELWEEKAHEAD

Weekly Pivots

BHEL

The stock has tried to take support at lower levels and is now moving with positive biasness.

One could go for buy on dip strategy as it is expected to continue its bullish trend. RESISTANCE 2095

SUPPORT 2000


WEEKLY


Technical Picture


BHEL 2063.9 2032.1 2011.05 1979.25 1958.2


7/52



TECHNICAL OVERVIEW

BPCLWEEKAHEAD

Weekly Pivots

BPCL

The stock today managed to reach our mentioned levels in today's trading session. It is

currently moving in bullish trend. Its next resistance is at 675, crossing of this level will

continue its bullish trend.

RESISTANCE 675

SUPPORT 640


WEEKLY


Technical Picture


BPCL 684.32 663.83 644.52 624.03 604.72


8/52



TECHNICAL OVERVIEW

BHARTI AIRTELWEEKAHEAD

Weekly Pivots

BHART

IAIRTEL

The stock is currently moving in a bearish trend and ended with a weak note. Now breaching

of next support level 345.50 will bring some more downward movement in the stock. RESISTANCE 370

SUPPORT 345.50


WEEKLY


Technical Picture


BHARTIARTL 397.77 377.83 365.02 345.08 332.27


9/52



TECHNICAL OVERVIEW

CIPLAWEEKAHEAD

Weekly Pivots

CIPLA

Cipla had an either side movement this week. one should wait for crossing of levels on either

side before taking any positions in it. RESISTANCE 316

SUPPORT 295


WEEKLY


Technical Picture


CIPLA 322.35 313 306.5 297.15 290.65


10/52



CAIRNWEEKAHEAD

CAIRN

The stock had an either side movement in this week but ended with a negative note. It now

has major support at 330, breach of this level may take the stock further down. RESISTANCE 345

SUPPORT 330


WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


CAIRN 365.47 356.03 349.57 340.13 333.67


11/52



DLFWEEKAHEAD

DLF

The stock moved in a downtrend this week. it now may try to take support at lower levels, it

faces next resistance at 223, crossing of this level may take the stock upwards. RESISTANCE 223

SUPPORT 210


WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


DLF 235.03 225.12 219.98 210.07 204.93


12/52


DR REDDYWEEKAHEAD

DRREDDY

DR REDDY has taken resistance from higher levels last week and has shown steep downfall,

made weekly low of 1559. The stock has resistance level at 1619 and above this level some

upside can be expected in it. It has short term support level at 1550.

RESISTANCE 1619

SUPPORT 1550



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


DRREDDY 1768.55 1674.3 1623.4 1529.15 1478.25


13/52


14/52


HCLWEEKAHEAD

HCL

HCL has taken resistance from higher levels last week and showed negative movements,

though it recovered little. The stock has resistance level at 513 and support level at 490. It is

expected to show consolidation with negative biasness, also below the support level further

correction can be seen in it.

RESISTANCE 513

SUPPORT 490



WEEKLY

WEEKAHEAD


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


HCLTECH 541.28 518.87 504.48 482.07 467.68


15/52


HDFC BANKWEEKAHEAD

HDFCBANK

HDFC Bank has shown downside movement during last week, but in later session it

recovered and closed almost flat. It is expected to consolidate with positive biasness and

above the resistance level at 2340, some upside movement can be expected.

RESISTANCE 2340

SUPPORT 2207



WEEKLY

WEEKAHEAD


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


HDFCBANK 2355.88 2288.17 2247.98 2180.27 2140.08


16/52


HOUSING DEVELOPMENT FINANCEWEEKAHEAD

HOUS

INGDEVELOPMENTFINANCE

HDFC is in negative trend from last two weeks, it has resistance level at 685 and support level

at 645. The stock is expected to continue its negative side movement and it may bounce

back taking support from the level of 645.

RESISTANCE 685

SUPPORT 645



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


HDFC 732.38 693.72 672.68 634.02 612.98


17/52


HERO HONDAWEEKAHEAD

HERO

HONDA

Hero Honda has shown downside movement in the early trading session's of the last week,

but later it recovered fully and close with moderate gain. The stock has resistance level at

1800 and support level at 1650. It is expected to consolidate with positive biasness and

above the resistance level at 1800, it is looking strong on charts.

RESISTANCE 1800

SUPPORT 1650



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


HEROHONDA 1812.92 1755.18 1665.17 1607.43 1517.42


18/52


HINDALCOWEEKAHEAD

HI

NDALCO

Hhindalco has shown negative trend all through the last week and it closed with the loss of

around 6.64%. The stock has major support level at 196 and it seems to bounce back taking

support from this level. It has short term resistance level at 210.

RESISTANCE 210

SUPPORT 196



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


HINDALCO 226.85 214.4 207.35 194.9 187.85


19/52


HULWEEKAHEAD

HUL

HUL had volatile trading session last week, overall it was in negative trend and made week

low of 265.90. It has major support level at 264, and it seems to bounce back from this level.

The stock has resistance level is at 282.

RESISTANCE 282

SUPPORT 264



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


HINDUNILVR 295.92 281.73 273.82 259.63 251.72


20/52


ICICI BANKWEEKAHEAD

ICICIBANK

ICICI bank showed negative movement last week but recovered later and closed with small

losses. The stock faces resistance from the level of 1108 and it has support level at 1021. It is

expected to consolidate with positive biasness in short term.

RESISTANCE 1108

SUPPORT 1021



WEEKLYWEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


ICICIBANK 1153.73 1091.87 1056.43 994.57 959.13


21/52


IDFCWEEKAHEAD

IDFC

IDFC remained in downtrend all through this week and made weekly low of 133.05. Now

the stock has resistance level at 139 and support level at 133. If it continue to sustain above

the support level, a bounce back can be expected.

RESISTANCE 139

SUPPORT 133



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


IDFC 150.88 142.92 137.98 130.02 125.08


22/52


INFOSYS TECHNOLOGIESWEEKAHEAD

INFOS

YSTECHNOLOGIES

Infosys from the last few trading session moving in a downward trend; in today's trading

session it was up by 1.56 %. It is now taking resistance at 2910 above this level it would be in

an upward trend. One can go for long position in it at 2910 above this level it might test the

next resistance level of 2965.

RESISTANCE 2965

SUPPORT 2935



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


INFOSYSTCH 3001.03 2924.77 2880.88 2804.62 2760.73


23/52


ITCWEEKAHEAD

ITC

ITC has found support at 176 and resistance 191.In today's trading session it manages to

trade below the 10 days and 50 days moving averages and it is now trading at 183.60, from

this level either side of movement would be expected. In order to be in an upward trend it

has to trade and consolidate above the 10 days and 50 days moving averages.

RESISTANCE 191

SUPPORT 176



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


ITC 198.4 190.45 186.05 178.1 173.7


24/52


JAIPRAKASH ASSOCIATESWEEKAHEAD

JAIPRA

KASHASS

OCIATES

In today's trading session it was up by 2.49 %, from this level either side of movement would

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

the support level of 84 else above 88 it would be in an upward trend.

RESISTANCE 88

SUPPORT 84



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


JPASSOCIAT 98.92 91.68 87.02 79.78 75.12


25/52


JINDAL STEEL & POWERWEEKAHEAD

JINDALSTEEL&

POWER

Jindal Steel & Power found support at 614 which served as a strong support level; from this

level further upward movement would be expected. In today's trading session it manages to

trade and close below the 10 days and 50 days moving averages. It has resistance at 637

above this level it would be in an upward trend else below 614 it would be in a bearish trend.

RESISTANCE 637

SUPPORT 614



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


JINDALSTEL 681.83 651.87 633.03 603.07 584.23


26/52


LARSEN AND TOUBROWEEKAHEAD

LAR

SENAND

TOUBRO

L&T from the last few trading session manages to trade and close below the 10 days and 50

days moving averages. It is taking support at 1500 and resistance at 1613; from this level

further downside movement would be expected. One can go for short position in it at 1500

below this level it might be in a downward trend.

RESISTANCE 1613

SUPPORT 1500



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


LT 1644.42 1588.48 1556.77 1500.83 1469.12


27/52


KOTAK MAHINDRA BANKWEEKAHEAD

KOTAK

MAHINDR

ABANK

Kotak Mahindra Bank from the last few trading session was moving in a downward trend, a

positive opening made it to trade above the resistance level of 425, it is looking strong on

charts from this level further upside of movement would be expected. One can go for long

position in it at 436 for the target of 450.

RESISTANCE 436

SUPPORT 400



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


KOTAKBANK 452.2 437.1 419.95 404.85 387.7


28/52


MAHINDRA & MAHINDRAWEEKAHEAD

MAHIN

DRA&MA

HINDRA

In today's trading session a positive opening made it to trade above the 50 days moving

averages and it made a high of 721, from this level further upside of movement would be

expected. It is now taking resistance at 721 above this level it would be in an upward trend

else below 684 it would be in a downward trend.

RESISTANCE 721

SUPPORT 684



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


M&M 795.7 744.1 714.2 662.6 632.7


29/52


MARUTI SUZUKI INDIAWEEKAHEAD

MARUTISUZU

KIINDIA

Maruti in today's trading session was moving in an upward trend and it manages to trade

and close above the 50 days moving averages; from this level further upside of movement

would be expected. It is now trading at 1273.50.One can go for long position in it at 1290

above this level it might test the next resistance level of 1342.

RESISTANCE 1290

SUPPORT 1235



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


MARUTI 1373.08 1313.47 1274.38 1214.77 1175.68


30/52


NTPCWEEKAHEAD

NTPC

After making a high of 188.50 it was continuously moving in a downward trend, in today's

trading session it was up by 0.49 % from this level further upside of movement would be

expected. It is looking strong on charts; one can go for long position in it at 180 above this

level it would be in an upward trend.

RESISTANCE 180

SUPPORT 168



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


NTPC 187.12 180.53 176.77 170.18 166.42


31/52


ONGCWEEKAHEAD

ONGC

ONGC battered down to the level of 303.70; from this level further downside of movement

would be expected. It is now looking weak on charts. One can go for short position in it at

300 for the target of 290.

RESISTANCE 316

SUPPORT 300



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


ONGC 329.68 319.82 305.93 296.07 282.18


32/52


POWER GRID CORPORATION OF INDIAWEEKAHEAD

POWE

RGRIDCOR

PORATIONOFINDIA

Power Grid form the last trading session it is moving sideways and in today's trading session

it was up by 1.23 %. It is now taking support at 100 and resistance 105, form this level

further downside movement would be expected. One can go for short position in it at 100

for the target of 92.

RESISTANCE 105

SUPPORT 100



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


POWERGRID 109.15 105.5 103.15 99.5 97.15


33/52


PUNJAB NATIONAL BANKWEEKAHEAD

PUNJABNATIONALBANK

After making a high of 1235 it is continuously moving in a downward trend, it is now trading

at 1099.90 and it was up by 3.14 %. It has resistance at 1130 and support at 1050. It is

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

of 1050 else above 1130 it would be in a bullish trend.

RESISTANCE 1130

SUPPORT 1065



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


PNB 1234.02 1150.23 1101.22 1017.43 968.42


34/52


RANBAXYWEEKAHEAD

R

ANBAXY

Ranbaxy battered down to 414, from the last two trading session it manages to trade and

close below the 10 days and 50 days moving averages. It is now taking support at 414 and

resistance at 444. It is looking bullish in the coming trading session if it manages to trade

above the resistance level of 444 else below 414 it might face more selling pressure.

RESISTANCE 444

SUPPORT 414



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


RANBAXY 489.45 457.9 435.95 404.4 382.45


35/52


RELIANCE CAPITALWEEKAHEAD

RELIANCE

CAPITAL

Reliance capital from the last few trading session moving in a downward trend and in today's

trading session it was up by 1.63 %. It is now taking support at 499 and resistance at 538.

One can go for short position in it at 499 below this level it would be in a downward trend.

RESISTANCE 538

SUPPORT 499



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


RELCAPITAL 583.67 551.38 533.72 501.43 483.77


36/52


37/52


RELIANCE INDUSTRIESWEEKAHEAD

R

ELIANCEINDUSTRIES

It is taking resistance at 968 and support at 932. It is looking bearish in the coming trading

session, one can go for short position in at 932 else above 968 it would be in an upward

trend.

RESISTANCE 968

SUPPORT 932



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


RELIANCE 1005.72 977.83 958.92 931.03 912.12


38/52


RELIANCE INFRAUSTRUCTUREWEEKAHEAD

RELIANCEINFRAUSTRUCTURE

It is now taking support at 559 and resistance at 670.It is looking weak on chart in today's

trading session it was down by -1.82 % and it is now trading at 605.40, from this level

further downside of movement would be expected. Once can go for short position in it at

559 below this level it might be in a bearish trend.

RESISTANCE 670

SUPPORT 559



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


RELINFRA 693.22 654.93 631.62 593.33 570.02


39/52


RELIANCE POWERWEEKAHEAD

RELIANCEPOWER

The stock had a downward movement this week. its major support is at 114, a bounce back

from this level may come in the stock. RESISTANCE 126

SUPPORT 114



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


RPOWER 136.18 127.37 122.68 113.87 109.18


40/52


SIEMENSWEEKAHEAD

SIEMENS

The stock is currently moving with high volatility. One should wait for further movements in

the stock as it is looking very volatile in terms of price movements. RESISTANCE 870

SUPPORT 822



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


SIEMENS 898.7 872.3 850.55 824.15 802.4


41/52


STERLITEWEEKAHEAD

STERLITE

The stock is moving in a bearish trend. Its next support is at 162, breach of this level may take

the stock further downwards. RESISTANCE 172

SUPPORT 162



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


STER 187.68 178.87 173.88 165.07 160.08


42/52


STATE BANK OF INDIAWEEKAHEAD

STATEBANKOFINDIA

The stock had a downfall in early trading sessions of the week and is now consolidation. Its

major support is at 2510. One should now wait for sometime in the stock as it is expected to

consolidate a bit after a steep downfall.

RESISTANCE 2650

SUPPORT 2510



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


SBIN 2917.8 2760.1 2661.3 2503.6 2404.8


43/52


SAILWEEKAHEAD

SAIL

The stock continued its bearish trend this week also. Now its major support level is at 150, if

it manages to sustain above this level, a bounce back from lower support levels can be

expected.

RESISTANCE 157

SUPPORT 150



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


SAIL 167.58 160.72 155.98 149.12 144.38


44/52


SUN PHARMACEUTICALWEEKAHEAD

SUNPHARMAC

EUTICAL

Last week Sun Pharmaceuticals had volatile trading session and it closed with moderate

losses. Now the stock has resistance level at 451 and support level at 432. If it continues to

sustain above the support level, a bounce back can be expected in it.

RESISTANCE 451

SUPPORT 432



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


SUNPHARMA 494.87 466.43 449.47 421.03 404.07


45/52


46/52


TCSWEEKAHEAD

TCS

TCS had shown negative side movement all through last week and tried to recover a bit in

last trading session of the week. it has next resistance at 1162, crossing of this level may

bring some more upward movement in the stock.

RESISTANCE 1162

SUPPORT 1103



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


TCS 1202.93 1158.97 1133.53 1089.57 1064.13


47/52


TATA MOTORWEEKAHEAD

TATA

MOTOR

The stock had an either side movement this week. it had a downfall in earlier trading sessions

of the week and had a recovery in today's session. If market supports, one may expect to

continue its uptrend and may move till the levels of 1210-1225 in near term.

RESISTANCE 1225

SUPPORT 1130



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


TATAMOTORS 1283.72 1210.43 1170.72 1097.43 1057.72


48/52


TATA STEELWEEKAHEAD

TA

TASTEEL

Tata steel had a downward movement this week. it is now trying to take support at lower

levels. Its next resistance is at 604, crossing of this level may bring some more upward

movement in the stock.

RESISTANCE 604

SUPPORT 575



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots


TATASTEEL 632.35 607.7 594.35 569.7 556.35


49/52


TATA POWERWEEKAHEAD

TATA

POWER

Tata power had a steep downfall this week after consolidating with negative biasness last

week. it now has major support at 1205, breach of this level may continue its downward

trend.

RESISTANCE 1265

SUPPORT 1205



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


TATAPOWER 1403.05 1317.15 1269.15 1183.25 1135.2 5


50/52


SESA GOAWEEKAHEAD

SESAGOA

The stock consolidated throughout the week with negative biasness and breached its

support level. Its next support is at 285, breach of this level will continue the bearish trend of

the stock.

RESISTANCE 295

SUPPORT 285



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots

Technical Picture


SESAGOA 325.32 311.98 303.67 290.33 282.02


51/52

Technical Picture


WIPROWEEKAHEAD

WIPRO

The stock had an either side movement this week. its major resistance is at 455, crossing of

this level may take the stock further upwards. RESISTANCE 455

SUPPORT 428



WEEKLY


TECHNICAL OVERVIEW

Weekly Pivots


WIPRO 464.03 448.27 438.13 422.37 412.23


52/52

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WEEKLY



Nifty 50 Reports for the Week (9th - 13th May '11)

Documents

Transcript of Nifty 50 Reports for the Week (9th - 13th May '11)