Nifty 50 Reports for the Week (28th February - 4th March '11)

8/7/2019 Nifty 50 Reports for the Week (28th February - 4th March '11)

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G LO BA L RESEA RC H LTD .

WEEKLYWEEKLY

STOCKS REPORTS28t h Feb - 05t h M ar 2 011


2/52

Technical Picture

Figure: 1 : Nifty50 Graph

RE SE A RC H

TECHNICAL OVERVIEW

ACCWEEKAHEAD

Weekly Pivots

ACC

The stock is moving in a sideways trend currently. It has resistance at 1030; crossing of this

level may take the stock further upwards till the levels of 1045-1050 in coming trading

sessions else it may also bounce from resistance level. One has to wait for crossing of level.

RESISTANCE 1030

SUPPORT 970

STOCK R2 R1 PP S1 S2

www.capitalvia.com 2

WEEKLY

28th Feb t o 05th Mar 2011

ACC 1020.37 1007.18 991.62 978.43 962.87


3/52

Technical Picture


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TECHNICAL OVERVIEW

AMBUJA CEMENTWEEKAHEAD

Weekly Pivots

AMBHUJACEMENT

The stock is consolidating currently. If it manages to sustain above the level of 127, one may

expect some more upward movement in the stock till the levels of 130-134.50 in near term,

while it has support at 119, breach of this level may bring down the stock.

RESISTANCE 130

SUPPORT 119


WEEKLY


AMBUJACEM 127.38 125.87 123.88 122.37 120.38


4/52

Technical Picture


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TECHNICAL OVERVIEW

AXISWEEKAHEAD

Weekly Pivots

AXIS

The stock took resistance at higher levels and moved in a downtrend this week and had a

slight recovery in last trading session. If it manages to cross the support level of 1160, one

may expect some more north ward movement.

RESISTANCE 1252

SUPPORT 1160


WEEKLY


AXISBANK 1273.67 1253.08 1223.42 1202.83 1173.17


5/52

Technical Picture


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TECHNICAL OVERVIEW

BAJAJ AUTOWEEKAHEAD

Weekly Pivots

BAJAJAUTO

The stock resisted at higher levels and moved in a downward trend this week. It has next

support at the level of 1230; breach of this level may continue its bearish t rend else it may

also bounce back from it s support levels.

RESISTANCE 1330

SUPPORT 1230


WEEKLY


BAJAJ-AUTO 1323.78 1303.02 1274.13 1253.37 1224.48


6/52

Technical Picture


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TECHNICAL OVERVIEW

BHELWEEKAHEAD

Weekly Pivots

BHEL

The stock managed to breach its support level and moved in a bearish trend this week. One

may hold the short positions in the stock as it is expected to continue its bearish trend and

may move till the levels of 1950-1940 in near term.

RESISTANCE 2062

SUPPORT 1940


WEEKLY


BHEL 2050.48 2011.97 1986.48 1947.97 1922.48


7/52

Technical Picture


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TECHNICAL OVERVIEW

BPCLWEEKAHEAD

Weekly Pivots

BPCL

The stock has successfully taken resistance at higher levels and moved in a down rally and is

consolidating near support levels from last a few trading sessions. It has next support at 565,

breach of this level may continue its bearish t rend else it may also bounce back f rom lower

support levels.

RESISTANCE 569

SUPPORT 524


WEEKLY


BPCL 564.77 551.93 541.17 528.33 517.57


8/52

Technical Picture


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TECHNICAL OVERVIEW

BHARTI AIRTELWEEKAHEAD

Weekly Pivots

BHART

IAIRTEL

The stock had a consolidation phase this week. One could hold the long positions in the

stock as it is expected to move in an up rally in coming trading sessions. It has major

resistance at 344.50; crossing of this level may take the stock further up.

RESISTANCE 344.50

SUPPORT 323


WEEKLY


BHARTIARTL 337.28 333.52 329.03 325.27 320.78


9/52

Technical Picture


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TECHNICAL OVERVIEW

CIPLAWEEKAHEAD

Weekly Pivots

CIPLA

The stock is currently facing a t ight range bound movement. It has support at 295, breach of

this level may take the stock downward while it has resistance at 310, crossing of this level

may take the stock upward.

RESISTANCE 310

SUPPORT 295


WEEKLY


CIPLA 310.52 306.08 302.57 298.13 294.62


10/52

Technical Picture


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TECHNICAL OVERVIEW

CAIRNWEEKAHEAD

Weekly Pivots

CAIRN

The stock moved with negative biasness this week. It faces resistance at 330; crossing of this

may take the stock further upward while it has support at 311, breach of which may take the

stock downward.

RESISTANCE 336.50

SUPPORT 311


WEEKLY


CAIRN 338.23 334.07 330.23 326.07 322.23


11/52

Technical Picture


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TECHNICAL OVERVIEW

DLFWEEKAHEAD

Weekly Pivots

DLF

The stock managed to breach its support levels and moved in a downtrend this week. It has

next support at 206, breach of this level may take the stock further downwards else it may

also bounce back f rom lower support levels.

RESISTANCE 233

SUPPORT 206


WEEKLY


DLF 222.47 217.53 213.02 208.08 203.57


12/52

Technical Picture


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TECHNICAL OVERVIEW

DR REDDYWEEKAHEAD

Weekly Pivots

DRREDDY

Dr.Reddy Lab. has volatile trading session in this week. The stock is holding support of 1470

and if continue to hold in the coming t ime then some more upside movements may be seen

in it.

RESISTANCE 1550

SUPPORT 1500



WEEKLY


DRREDDY 1570.03 1548.72 1527.53 1506.22 1485.03


13/52

Technical Picture


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TECHNICAL OVERVIEW

GAIL INDIAWEEKAHEAD

Weekly Pivots

DRREDDY

GAIL India has continued to t rade in weak trend in this week. The stock is looking bearish

and below the support level of 430 it may show some more downside in the coming t ime. RESISTANCE 450

SUPPORT 430



WEEKLY


GAIL 449.23 443.37 437.33 431.47 425.43


14/52

Technical Picture


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TECHNICAL OVERVIEW

HCLWEEKAHEAD

Weekly Pivots

HCL

HCL has continues to t rade in weak t rend. The stock has weak closing and below the support

level of 425 it may further continue the downside momentum in the coming t ime. RESISTANCE 455

SUPPORT 425



WEEKLY

WEEKAHEAD


HCLTECH 457.17 451.53 442.97 437.33 428.77


15/52

Technical Picture


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TECHNICAL OVERVIEW

HDFC BANKWEEKAHEAD

Weekly Pivots

HDFCBANK

HDFC Bank has continues the correction rally in this week. The stock is looking weak and

below the low of 2020 it may further continue the downside momentum in the coming

time.

RESISTANCE 2100

SUPPORT 2020



WEEKLY

WEEKAHEAD


HDFCBANK 2118.05 2080.1 2049.05 2011.1 1980.05


16/52

Technical Picture


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TECHNICAL OVERVIEW

HOUSING DEVELOPMENT FINANCEWEEKAHEAD

Weekly Pivots

HOUS

INGDEVELOPMENTFINANCE

Housing Development Finance has sharp correction rally in the week. The stock is trading

with the negative bias and if breach the level of 610 then some more downside momentum

may be seen in it in the coming time.

RESISTANCE 635

SUPPORT 610



WEEKLY


HDFC 641.87 632.73 622.07 612.93 602.27


17/52

Technical Picture


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TECHNICAL OVERVIEW

HERO HONDAWEEKAHEAD

Weekly Pivots

HERO

HONDA

Hero Honda has closed with the gain on wow basis. The stock is consolidating at the higher

level and a decisive breakout above the level of 1525 may show some more uptrend in the

coming time.

RESISTANCE 1525

SUPPORT 1450



WEEKLY


HEROHONDA 1548.82 1524.68 1487.87 1463.73 1426.92


18/52

Technical Picture


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TECHNICAL OVERVIEW

HINDALCOWEEKAHEAD

Weekly Pivots

HI

NDALCO

Hindalco has quite t rading session in this week. The stock is trading in weak t rend and below

the level of 207 it may show some more correction in the coming t ime. RESISTANCE 209

SUPPORT 194



WEEKLY


HINDALCO 215.68 207.87 201.18 193.37 186.68


19/52

Technical Picture


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TECHNICAL OVERVIEW

HULWEEKAHEAD

Weekly Pivots

HUL

HUL is trading in sideways trend with the positive bias. The stock is looking strong and a

decisive breakout above the resistance level may show some positive trend in the short run. RESISTANCE 284

SUPPORT 275



WEEKLY


HINDUNILVR 287.97 284.13 278.07 274.23 268.17


20/52

Technical Picture


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TECHNICAL OVERVIEW

ICICI BANKWEEKAHEAD

Weekly Pivots

ICICIBANK

ICICI Bank has recovered some of its early losses in the week and managed to close above

the level of 940. The stock has immediate resistance of 1005 above which some upside can

be seen in it .

RESISTANCE 1005

SUPPORT 940



WEEKLY


WEEKLY


ICICIBANK 1013.35 999.8 983 969.45 952.65


21/52

Technical Picture


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TECHNICAL OVERVIEW

IDFCWEEKAHEAD

Weekly Pivots

IDFC

IDFC after a selling rally it has shown some recovery in the last trading session of the week.

The stock is looking good and above the level of 140 may show some more upside in the

short run.

RESISTANCE 140

SUPPORT 134



WEEKLY


IDFC 144.42 141.23 136.47 133.28 128.52


22/52

Technical Picture


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TECHNICAL OVERVIEW

INFOSYS TECHNOLOGIESWEEKAHEAD

Weekly Pivots

INFOS

YSTECHNOLOGIES

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

trading session it manages to trade and close below the 10 days and 50 days moving

averages and it was down by 0.05 %. It is now taking support at 2940 and resistance at

3080 form this level further downside movement would be expected. One can go for short

position in it at 2940 below this it would be in a bearish trend.

RESISTANCE 3080

SUPPORT 2940



WEEKLY


INFOSYSTCH 3081.97 3044.63 3005.32 2967.98 2928.67


23/52

Technical Picture


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TECHNICAL OVERVIEW

ITCWEEKAHEAD

Weekly Pivots ITC

ITC has found support at 149 and resistance 158 from the last few trading session it is

moving in a price range of 152-162. In today's trading session it manages to trade and

close below the 10 days and 50 days moving averages, from this level further down side

movement would be expected. It has support at 149 below it might face more selling

pressure.

RESISTANCE 158

SUPPORT 149



WEEKLY


ITC 160.3 158.3 154.9 152.9 149.5


24/52

Technical Picture


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TECHNICAL OVERVIEW

JAIPRAKASH ASSOCIATESWEEKAHEAD

Weekly Pivots

JAIPRA

KASHASS

OCIATES

Jaiprakash Associates in the last few trading battered down to 77 levels form 92.30. In

today's trading session it was up by 1.59 % . It has support at 79 below this level it would be

bearish in t rend else above 84 it might be in an upward trend.

RESISTANCE 84

SUPPORT 79



WEEKLY


JPASSOCIAT 83.38 81.57 79.28 77.47 75.18


25/52

Technical Picture


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TECHNICAL OVERVIEW

JINDAL STEEL & POWERWEEKAHEAD

Weekly Pivots

JINDALSTEEL&

POWER

Jindal Steel & Power found support level of 600 which served as a strong support level. In

order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days

moving averages. It has support at 600 below this level it would be in a bearish trend else

above 655 it would be in a bullish trend.

RESISTANCE 655

SUPPORT 600



WEEKLY


JINDALSTEL 673.7 659.95 638.85 625.1 604


26/52

Technical Picture


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TECHNICAL OVERVIEW

LARSEN AND TOUBROWEEKAHEAD

Weekly Pivots

LAR

SENAND

TOUBRO

L&T from the last few trading session was moving in a downward trend in today's trading

session it was down by 0.16 % . It is taking support at 1461 and resistance at 1546. It is

looking weak on charts from this level further downside movement would be expected. One

can go for short position in it at 1461 below this level it would might face more selling

pressure.

RESISTANCE 1546

SUPPORT 1461



WEEKLY


LT 1579.12 1546.53 1513.42 1480.83 1447.72


27/52

Technical Picture


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TECHNICAL OVERVIEW

KOTAK MAHINDRA BANKWEEKAHEAD

Weekly Pivots

KOTAK

MAHINDR

ABANK

Kotak Mahindra Bank from the last few trading session moving in a particular price range of

390-420, from this level either side of movement would be expected. In today's trading

session it manages to close below the 10 days and 50 days moving averages. It is taking

resistance at 412 above this level it would be in an upward trend else below 390 it would be

in a bearish t rend.

RESISTANCE 412

SUPPORT 390



WEEKLY


KOTAKBANK 422.07 413.03 400.87 391.83 379.67


28/52

Technical Picture


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TECHNICAL OVERVIEW

MAHINDRA & MAHINDRAWEEKAHEAD

Weekly Pivots

MAHIN

DRA&MA

HINDRA

M&M in today's trading session broke the major support level of 600 and made a low of

587.20. 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 bearish in the coming trading session if it

manages to trade below the support level of 587 else above 627 it would be in an upward

trend.

RESISTANCE 627

SUPPORT 587



WEEKLY


M&M 642.93 619.07 603.13 579.27 563.33


29/52

Technical Picture


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TECHNICAL OVERVIEW

MARUTI SUZUKI INDIAWEEKAHEAD

Weekly Pivots

MARUTISUZU

KIINDIA

Maruti in today's trading session battered down to 1144 and took a support at a level of

1140. It is looking weak on charts from this level further downside movement would be

expected. It has resistance at 1205 and support at 1044. One can go for short position in it at

1044 below this level it might test the next support level of 1025.

RESISTANCE 1205

SUPPORT 1044



WEEKLY


MARUTI 1203.82 1186.23 1165.42 1147.83 1127.02


30/52

Technical Picture


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TECHNICAL OVERVIEW

NTPCWEEKAHEAD

Weekly Pivots

NTPC

After making a high of 182.25 it is continuously moving in a down ward trend, it is now

trading at 169.85. 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 weak on charts, below 165 one can

go for short position in it for the target of 160.

RESISTANCE 174

SUPPORT 160



WEEKLY


NTPC 175.62 172.73 170.52 167.63 165.42


31/52

Technical Picture


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TECHNICAL OVERVIEW

ONGCWEEKAHEAD

Weekly Pivots

ONGC

ONGC is looking weak on charts in today's trading session it was down by 1.08 %. In order

to be in an upward trend it has to trade and consolidate above the 10 days and 50 days

moving averages. It has resistance at 271 above this level it would be in an upward trend else

below 268 it would be in a bearish trend.

RESISTANCE 271

SUPPORT 268



WEEKLY


ONGC 272.23 267.17 263.63 258.57 255.03


32/52

Technical Picture


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TECHNICAL OVERVIEW

POWER GRID CORPORATION OF INDIAWEEKAHEAD

Weekly Pivots

POWE

RGRIDCOR

PORATIONOFINDIA

In today's trading session it was up by 0.97 %, from the few trading session it is moving in a

particular price range of 95-100. It is now taking resistance at 101 and support at 94, from

this level either side of movement would be expected. One can go for long position in it at

101 above this level it would be bullish in trend.

RESISTANCE 101

SUPPORT 94



WEEKLY


POWERGRID 101.9 100.55 98.5 97.15 95.1


33/52

Technical Picture


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TECHNICAL OVERVIEW

PUNJAB NATIONAL BANKWEEKAHEAD

Weekly Pivots

PUNJABNATIONALBANK

After making a high of 1127 it is continuously moving in a downward trend, it is now trading

at 1061.60 and it was up by 2.29 % . It has resistance at 1084 and support at 1012. It is

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

of 1012 else above 1084 it would be in bullish trend.

RESISTANCE 1084

SUPPORT 1012



WEEKLY


PNB 1103.2 1082.4 1054.2 1033.4 1005.2


34/52

Technical Picture


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TECHNICAL OVERVIEW

RANBAXYWEEKAHEAD

Weekly Pivots

R

ANBAXY

Ranbaxy battered down to 435 f rom the level of 527 and in today's trading session it was up

by 1.68 % and it manages to trade below the 10 days and 50 days moving averages. It is

looking weak on charts from this level further downside movement would be expected,

below 430 it would be in a downward.

RESISTANCE 464

SUPPORT 430



WEEKLY


RANBAXY 460.42 454.78 448.27 442.63 436.12


35/52

Technical Picture


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TECHNICAL OVERVIEW

RELIANCE CAPITALWEEKAHEAD

Weekly Pivots

RELIANCE

CAPITAL

Reliance capital from the last few trading session was moving sideways, from this level either

side of movement would be expected. It is now taking support at 423 and resistance at 491.

One can go for short position in it at 423 below this level it would be in a downward trend.

RESISTANCE 491

SUPPORT 423



WEEKLY


RELCAPITAL 477.37 465.83 449.47 437.93 421.57


36/52

Technical Picture


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TECHNICAL OVERVIEW

RELIANCE COMMUNICATIONWEEKAHEAD

Weekly Pivots

RELIANC

ECOMMUN

ICATION

Reliance communication from the last few trading session was moving sideways and in

today's trading session it broke the major support level of 91.30. It is looking weak on charts,

one can go for short position in it at 85 below this level it would might face more selling

pressure.

RESISTANCE 99

SUPPORT 85



WEEKLY


RCOM 98.08 92.77 88.93 83.62 79.78


37/52

Technical Picture


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TECHNICAL OVERVIEW

RELIANCE INDUSTRIESWEEKAHEAD

Weekly Pivots

R

ELIANCEINDUSTRIES

It is taking resistance at 1010 and support at 954. It is looking bearish in the coming trading

session, one can go for short position in at 954 else above 1010 it would be in an upward

trend.

RESISTANCE 1010

SUPPORT 954



WEEKLY


RELIANCE 995.38 980.82 967.68 953.12 939.98


38/52

Technical Picture


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TECHNICAL OVERVIEW

RELIANCE INFRAUSTRUCTUREWEEKAHEAD

Weekly Pivots

RELIANCEINFRAUSTRUCTURE

Reliance Infra made a smart recovery from the support level of 492 and it made a high of

709. It is now taking support at 614 and resistance at 709.It is looking strong on chart in

today's trading session it was down by 4.25 % from this level further upside movement

would be expected. Once can go for long position in it at 709 above this level it might be in a

bullish trend.

RESISTANCE 709

SUPPORT 614



WEEKLY


RELINFRA 706.52 672.03 644.52 610.03 582.52


39/52

Technical Picture


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TECHNICAL OVERVIEW

RELIANCE POWERWEEKAHEAD

Weekly Pivots

RELIANCEPOWER

The stock continued its consolidation after a sharp downfall previously. It moved with

negative biasness throughout the week. It has support at 105 and resistance at 118. An

either side movement is expected till it crosses any of the levels on either side.

RESISTANCE 118

SUPPORT 105



WEEKLY


RPOWER 116.9 113 109.5 105.6 102.1


40/52

Technical Picture


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TECHNICAL OVERVIEW

SIEMENSWEEKAHEAD

Weekly Pivots

SIEMENS

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

either side before taking any positions in it. RESISTANCE 863

SUPPORT 828



WEEKLY


SIEMENS 849.78 844.57 840.78 835.57 831.78


41/52

Technical Picture


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TECHNICAL OVERVIEW

STERLITEWEEKAHEAD

Weekly Pivots

STERLITE

The stock resisted at higher levels and had a downfall last two t rading sessions of this week.

One should wait for further movement in the stock before taking any positions in it. RESISTANCE 175

SUPPORT 157



WEEKLY


STER 166.83 163.02 160.63 156.82 154.43


42/52

Technical Picture


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TECHNICAL OVERVIEW

STATE BANK OF INDIAWEEKAHEAD

Weekly Pivots

STATEBANKOFINDIA

The stock resisted at higher levels and had a steep downfall this week. It has next major

support at 2460; breach of this level may take the stock further down else it may also bounce

back f rom its support levels.

RESISTANCE 2670

SUPPORT 2460



WEEKLY


SBIN 2664.75 2623.7 2578.75 2537.7 2492.75


43/52

Technical Picture


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TECHNICAL OVERVIEW

SAILWEEKAHEAD

Weekly Pivots

SAIL

The stock moved in a downward trend this week. It has major support at the level of 150,

breach of this level may bring some more downfall in the stock else it may also bounce back

from lower support levels.

RESISTANCE 162.50

SUPPORT 150



WEEKLY


SAIL 158.37 156.18 154.02 151.83 149.67


44/52

Technical Picture


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TECHNICAL OVERVIEW

SUN PHARMACEUTICALWEEKAHEAD

Weekly Pivots

SUNPHARMAC

EUTICAL

Sun Pharma is holding support of 400 f rom the last few trading sessions. So if the stock

managed to trade above the support level in the coming time. Then some uptrend may be

seen in it.

RESISTANCE 425

SUPPORT 400



WEEKLY


SUNPHARMA 427.18 422.37 416.18 411.37 405.18


45/52

Technical Picture


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TECHNICAL OVERVIEW

SUZLONWEEKAHEAD

Weekly Pivots

SUZLON

Suzlon has sharp correction rally in the last trading session. The stock has weak closing and

near the crucial support level of 47. So below the support it may show some more downside

in the coming time.

RESISTANCE 48

SUPPORT 44



WEEKLY


SUZLON 48 47.1 46.1 45.2 44.2


46/52

Technical Picture


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TECHNICAL OVERVIEW

TCSWEEKAHEAD

Weekly Pivots

TCS

TCS has losses all its early gains of the week and closed flat w ith the negative bias. The stock

is looking weak and below the level of 1090 some more correction can be seen in it. RESISTANCE 1130

SUPPORT 1090



WEEKLY


TCS 1133.85 1121.95 1105.1 1093.2 1076.35


47/52

Technical Picture


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TECHNICAL OVERVIEW

TATA MOTORWEEKAHEAD

Weekly Pivots

TATA

MOTOR

Tata motors has negative closing on WoW basis. The stock has some pull back in the last

trading sessions and above the level 1145 some more upside may be seen in the short run. RESISTANCE 1090

SUPPORT 1040



WEEKLY


TATAMOTORS 1155.2 1132.95 1102.75 1080.5 1050.3


48/52

Technical Picture


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TECHNICAL OVERVIEW

TATA STEELWEEKAHEAD

Weekly Pivots

TA

TASTEEL

Tata steel has witnessed large profit booking at the higher level. The stock has bearish

engulfing pattern in it and if sustains below the level of 635 then some more correction can

be seen in it.

RESISTANCE 665

SUPPORT 635



WEEKLY


TATASTEEL 623.35 615.1 603.15 594.9 582.95


49/52

Technical Picture


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TECHNICAL OVERVIEW

TATA POWERWEEKAHEAD

Weekly Pivots

TATA

POWER

Tata power has sharp correction rally in this week. The stock has weak closing and below the

crucial support level of 1150 some more correction can be seen in it in the short run. RESISTANCE 1215

SUPPORT 1150



WEEKLY


TATAPOWER 1211.07 1191.83 1171.92 1152.68 1132.77


50/52

Technical Picture


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TECHNICAL OVERVIEW

SESA GOAWEEKAHEAD

Weekly Pivots

SESAGOA

The stock had a sharp downfall this week and lost up to 9.30%. A short term recovery is

expected in the stock after a steep downfall. It has next major support at 270. RESISTANCE 302

SUPPORT 270



WEEKLY


SESAGOA 294.67 288.58 279.92 273.83 265.17


51/52

Technical Picture


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TECHNICAL OVERVIEW

WIPROWEEKAHEAD

Weekly Pivots

WIPRO

Wipro has volatile trading session in this week. The stock is trading in short term uptrend and

closed with the positive bias. So above the level of 440 some more uptrend may be seen in it. RESISTANCE 440

SUPPORT 420



WEEKLY


WIPRO 443.22 438.13 430.62 425.53 418.02


52/52

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WEEKLY


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Nifty 50 Reports for the Week (28th February - 4th March '11)

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