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WEEKLY

NIFTY - 50

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G L O B A L R E S E A R C H LT D .

NIFTY - 50
STOCKS REPORTS
06th Sep to 11th Sep 2010
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead ABB

Weekly Pivots

STOCK R2 R1 PP S1 S2

ABB 787.3 783.7 780.1 776.5 772.9

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FOR THIS STOCK AS WE HAVE ALREADY RECOMMENDED SELL ON RISE STRATEGY UNTILL IT CLOSES ABOVE 800. IT FACES
SUPPORT AT 745, CROSSING OF THIS LEVEL MAY TAKE DOWN THE STOCK TILL THE LEVELS OF 725 IN NEAR TERM

RESISTANCE: 820 SUPPORT: 730

www.capitalvia.com | 2
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead ACC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ACC 907.85 902.25 897.9 892.3 887.95

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FOR THIS STOCK WE HAVE ALREADY RECOMMENDED THAT ONE COULD HOLD THE LONGS. THE STOCK IS EXPECTED TO
MOVE TILL THE LEVELS OF 920-925 IN NEAR TERM.

RESISTANCE: 905 SUPPORT: 830

www.capitalvia.com | 3
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead AMBUJA CEMENT

Weekly Pivots

STOCK R2 R1 PP S1 S2

AMBUJACEM 127.98 126.97 125.48 124.47 122.98

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FOR THIS STOCK WE HAVE ALREADY RECOMMENDED BUYING ON DIPS STRATEGY UNTIL IT CLOSE BELOW 110. THE
STOCK IS EXPECTED TO MOVE TILL THE LEVELS OF 130 IN NEAR TERM.

RESISTANCE: 130 SUPPORT: 113

www.capitalvia.com | 4
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead AXIS BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

AXISBANK 1416.22 1397.93 1381.72 1363.43 1347.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
ONE COULD GO FOR BUYING ON DIP STRATEGY IN THIS STOCK, AS MENTIONED IN OUR PREVIOUS REPORTS ALSO, UNTILL
IT CLOSES BELOW 1300. THE STOCK LOOKS GOOD FOR LONG SIDE. IN UPSIDE IT IS EXPECTED TO MOVE TILL THE LEVELS
OF 1425-1450 IN NEAR TERM.

RESISTANCE: 1400 SUPPORT: 1320

www.capitalvia.com | 5
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead BHEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHEL 2444.75 2415.5 2395.75 2366.5 2346.75

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FOR THIS STOCK WE HAVE ALREADY RECOMMENDED THAT ONE MAY GO FOR SELLING ON RISE STRATEGY. THE STOCK IS
EXPECTED TO MOVE TILL THE LEVELS OF 2380-2350 IN NEAR TERM.

RESISTANCE: 2520 SUPPORT: 2380

www.capitalvia.com | 6
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead BPCL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BPCL 789.5 778.2 771.65 760.35 753.8

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
THE STOCK IS CURRENTLY CONSOLIDATING FROM LAST FEW TRADING SESSIONS ONE HAS TO WAIT FOR CROSSING OF
LEVELS ON EITHER SIDE.

RESISTANCE: 800 SUPPORT: 725

www.capitalvia.com | 7
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead BHARTI AIRTEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHARTIARTL 344.95 342.1 338.55 335.7 332.15

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
AS ALREADY RECOMMENDED BY US IN PREVIOUS REPORTS THAT ONE MAY HOLD THE LONGS IN THIS STOCK. IT IS
EXPECTED TO MOVE TILL THE LEVELS OF 345-350 IN NEAR TERM.

RESISTANCE: 350 SUPPORT: 305

www.capitalvia.com | 8
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead CAIRN INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CAIRN 339.37 337.73 336.12 334.48 332.87

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
THE STOCK IS CONSOLIDATING FROM LAST FEW TRADING SESSIONS WITH NEGATIVE BIASNESS. IT FACES SUPPORT AT
328, CROSSING OF THIS LEVEL MAY TAKE DOWN THE STOCK TILL THE LEVELS OF 320 IN NEAR TERM. SO ONE MAY GO FOR
SELL ON RISE STRATEGY UNTIL IT CLOSES ABOVE 350.

RESISTANCE: 355 SUPPORT: 325

www.capitalvia.com | 9
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead CIPLA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CIPLA 311.55 309.3 307.15 304.9 302.75

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMENDED SELL ON RISE ONE MAY KEEP HOLD THE SHORT UNTIL IT CLOSE ABOVE 320
FOR THE TARGET OF 295.STOCK IS LOOKING NICE ONE FOR SHORT SIDE.

RESISTANCE: 320 SUPPORT: 300

www.capitalvia.com | 10
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead DLF

Weekly Pivots

STOCK R2 R1 PP S1 S2

DLF 319.18 316.22 312.43 309.47 305.68

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY GO FOR SELLING ON RISE STRATEGY UNTILL IT CLOSES ABOVE 320, IN DOWNSIDE IT IS EXPECTED
TO MOVE TILL THE LEVELS OF 280 IN NEAR TERM.

RESISTANCE: 322 SUPPORT: 280

www.capitalvia.com | 11
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead GAIL INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

DLF 319.18 316.22 312.43 309.47 305.68

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
GAIL INDIA IS TRADING IN THE SIDEWAYS TREND WITH THE POSITIVE BIAS. SO BUYING ON DIP WILL BE GOOD STRATEGY IN
THE STOCK UNTIL IT BREAKS THIS SUPPORT LEVEL.

RESISTANCE: 477 SUPPORT: 451

www.capitalvia.com | 12
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead HCL TECHNOLOGIES

Weekly Pivots

STOCK R2 R1 PP S1 S2

HCLTECH 412.43 407.27 403.18 398.02 393.93

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HCL AFTER TOOK SUPPORT AT 376 START MOVING UP. BUT THE STOCK IS TRADING WEAK SO SELLING ON HIGHER LEVEL
TILL THE STOCK CROSSES IT RESISTANCE LEVEL OF 425 WILL BE GOOD STRATEGY IN THE STOCK.

RESISTANCE: 425 SUPPORT: 388

www.capitalvia.com | 13
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead HDFC BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

HDFCBANK 2219.15 2206.55 2187.4 2174.8 2155.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HDFC BANK IS TRADING IN BULLISH TREND. THE STOCK HAS IMMEDIATE RESISTANCE LEVEL OF 2214 ABOVE WHICH THE
STOCK MAY CONTINUE THE UPTREND IN THE COMING TIME.

RESISTANCE: 2214 SUPPORT: 2156

www.capitalvia.com | 14
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead HERO HONDA

Weekly Pivots

STOCK R2 R1 PP S1 S2

HEROHONDA 1775.37 1756.13 1728.57 1709.33 1681.77

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HERO HONDA IS TRADING IN THE BEARISH MODE. THE STOCK BELOW THE SUPPOT LEVEL CAN SHOW SOME MORE
DOWNFALLS SO SELLING ON HIGHER LEVEL WILL BE GOOD STRATEGY IN THE STOCK.

RESISTANCE: 1776 SUPPORT: 1686

www.capitalvia.com | 15
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead HINDALCO

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDALCO 176.52 173.48 171.72 168.68 166.92

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HINDALCO HAS LONG TERM BULLISH TREND BUT IT IS NOW TRADING IN THE SIDEWAYS TREND AND ALSO IN A BROADER
RANGE. SO BUYING ON LOWER LEVEL WILL BE GOOD STRATEGY IN THE STOCK.

RESISTANCE: 177 SUPPORT: 162

www.capitalvia.com | 16
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead HUL

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDUNILVR 276.97 274.93 271.97 269.93 266.97

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HUL IS TRADING IN BULLISH TREND. SO IF THE STOCK SUSTAINED ABOVE THE RESISTANCE LEVEL OF 275 THE STOCK CAN
CONTINUE THE UPTREND IN THE COMING SESSIONS.

RESISTANCE: 275 SUPPORT: 266

www.capitalvia.com | 17
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead HDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

HDFC 640.68 635.77 631.88 626.97 623.08

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HOUSING DEVELOPMENT FINANCE IS TRADING IN BULLISH TREND. THE STOCK HAS IMMEDIATE RESISTANCE AT THE LEVEL
OF 637 ABOVE WHICH THE STOCK MAY CONTINUE THE UPTREND TO THE LEVEL OF 650 IN THE SHORT RUN.

RESISTANCE: 637 SUPPORT: 622

www.capitalvia.com | 18
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead ICICI BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

ICICIBANK 1017.47 1009.23 1001.72 993.48 985.97

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
ICICI BANK IS TRADING IN BULLISH TREND. SO A POSITIVE MOVE ABOVE THE RESISTANCE LEVEL OF 1025 CAN CONTINUE
THE UPTREND TO THE LEVEL OF 1050+ IN THE COMING SESSIONS.

RESISTANCE: 1025 SUPPORT: 980

www.capitalvia.com | 19
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead IDEA CELLULAR

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDEA 73.33 72.32 71.48 70.47 69.63

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IDEA HAS LONG TERM BULLISH TREND. THE STOCK IS NOW TRADING IN THE SIDEWAYS TREND WITH THE POSITIVE BIAS.
SO ABOVE THE LEVEL OF 73 THE STOCK MAY SHOW FURTHER UPSIDE IN THE NEAR TIME.

RESISTANCE: 73 SUPPORT: 67

www.capitalvia.com | 20
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead IDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDFC 183.85 181.8 180.3 178.25 176.75

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IDFC IS TRADING IN SIDEWAYS TREND WITH THE NEGATIVE BIAS. THE STOCK TO MOVE UP HAS TO CROSS AND SUSTAINED
ABOVE THE IMPORTANT RESISTANCE LEVEL OF 185.

RESISTANCE: 185 SUPPORT: 178.35

www.capitalvia.com | 21
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead INFOSYS

Weekly Pivots

STOCK R2 R1 PP S1 S2

INFOSYSTCH 2823.75 2800.6 2780.85 2757.7 2737.95

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT WAS BUY BY 0.89 %. IT IS NOW TAKING RESISTANCE AT 2825 AND SUPPORT AT 2745.
LOOKING POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO TRADE ABOVE THE RESISTANCE LEVEL OF 2825
ELSE IT HAS SUPPORT AT 2745 BELOW THIS LEVEL IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 2855 SUPPORT: 2745

www.capitalvia.com | 22
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead ITC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ITC 167.37 165.68 164.02 162.33 160.67

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT TRADED ABOVE THE 10 DAYS AND 50 DAYS MOVING AVERAGES WITH LOW VOLUME
FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD BE EXPECTED. LOOKING BULLISH IN THE COMING TRADING
SESSION IF IT MANAGES TO TRADE ABOVE THE RESISTANCE LEVEL OF 166.30.ONE CAN TAKE LONG POSITION IN IT ELSE IT
HAS SUPPORT LEVEL OF 161.80 BELOW THIS LEVEL IT WOULD BE IN A BEARISH TREND.

RESISTANCE: 166.30 SUPPORT: 161.80

www.capitalvia.com | 23
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead JP ASSOCIAT

Weekly Pivots

STOCK R2 R1 PP S1 S2

JPASSOCIAT 117.32 115.13 113.82 111.63 110.32

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
JAIPRAKASH ASSOCIATES FORM THE LAST FEW TRADING SESSION MOVING IN AN UPTREND. IN TODAY'S TRADING
SESSION IT TRADED BELOW THE 10 DAYS AND 50 DAYS MOVING AVERAGES. IT HAS RESISTANCE AT 116.75 AND SUPPORT
AT 110. ONE CAN TAKE A LONG POSITION IN IT ABOVE 116.75 IT WOULD BE IN A BULLISH TREND.

RESISTANCE: 116.75 SUPPORT: 1 110

www.capitalvia.com | 24
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead JINDAL STEEL & POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

JINDALSTEL 708.2 695.95 688.75 676.5 669.3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT TOOK THE SUPPORT AT 676.75 .IT IS NOW MOVING SIDEWAY FROM THIS LEVEL EITHER
SIDE OF MOVEMENT WOULD BE EXPECTED. ONCE IT MANAGES TO CROSS THE LEVEL OF 710 IT WOULD BE IN AN
UPTREND ELSE IT HAS SUPPORT AT 676.75 BELOW THIS IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 710 SUPPORT: 676.75

www.capitalvia.com | 25
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead KOTAK MAHINDRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

KOTAKBANK 841.65 834.8 826.15 819.3 810.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT MANAGES TO TRADE BELOW THE 10 DAYS AND 50 DAYS MOVING AVERAGES AND IT
WAS UP BY 1.48 % NOW IT IS IN A CONSOLIDATING PHASE FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD BE
EXPECTED. ONE CAN GO FOR SHORT POSITION IN IT. IT HAS RESISTANCE AT 849 AND SUPPORT AT 807 BELOW THIS LEVEL
IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 849 SUPPORT: 807

www.capitalvia.com | 26
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead L&T

Weekly Pivots

STOCK R2 R1 PP S1 S2

LT 1894.62 1864.83 1844.92 1815.13 1795.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT MANAGES TO TRADE ABOVE THE 10 DAYS MOVING AND 50 DAYS MOVING AVERAGES.
LOOKING BULLISH IN THE COMING TRADING SESSION ONE CAN GO FOR LONG POSITION IN IT AT 1886.60 ELSE IT HAS
SUPPORT AT 1790 BELOW THIS LEVEL IT WOULD BE IN A BEARISH TREND.

RESISTANCE: 1859.70 SUPPORT: 1790

www.capitalvia.com | 27
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead M&M

Weekly Pivots

STOCK R2 R1 PP S1 S2

M&M 648.62 639.63 631.82 622.83 615.02

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT MANAGES TO TRADE ABOVE THE 10 DAYS AND 50 DAYS MOVING AVERAGES. LOOKING
POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO TRADE ABOVE THE RESISTANCE LEVEL OF 647 ELSE IT HAS
SUPPORT LEVEL AT 608.35 BELOW THIS LEVEL IT WOULD BE IN A DOWNWARD TREND.

RESISTANCE: 637.65 SUPPORT: 604.25

www.capitalvia.com | 28
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead MARUTI SUZUKI

Weekly Pivots

STOCK R2 R1 PP S1 S2

MARUTI 1326.93 1299.52 1256.58 1229.17 1186.23

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IT IS TAKING SUPPORT AT 1210.05 AND RESISTANCE AT 1291.95. IT IS NOW TRADING AT 1272.10 FROM THE LAST FEW
TRADING SESSION IT IS MOVING SIDEWAYS. LOOKING POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO
TRADE ABOVE THE RESISTANCE LEVEL OF 1291.95 ELSE BELOW 1276.70 IT WOULD MIGHT FACE MORE SELLING
PRESSURE.

RESISTANCE: 1291.95 SUPPORT: 1276.70

www.capitalvia.com | 29
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead NTPC

Weekly Pivots

STOCK R2 R1 PP S1 S2

NTPC 197.48 196.77 195.88 195.17 194.28

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT WAS UP BY 0.23 % AND IT MANAGES TO TRADE BELOW THE 10 DAYS AND IT IS MOVING
SIDEWAYS FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD BE EXPECTED. IN ORDER TO BE IN AN UP TREND IT HAS
TO TRADE AND CONSOLIDATE ABOVE THE RESISTANCE LEVEL OF 198.50 ELSE IT HAS SUPPORT AT 194.10 BELOW THIS
LEVEL IT WOULD BE BEARISH.

RESISTANCE:198.50 SUPPORT: 194.10

www.capitalvia.com | 30
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead ONGC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ONGC 1355.27 1347.13 1335.57 1327.43 1315.87

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FORM THE LAST FEW TRADING SESSION IT IS MOVING SIDEWAYS FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD
BE EXPECTED. IT HAS RESISTANCE AT 1340 AND SUPPORT AT 1312 IT IS TRADING ABOVE THE 10 DAYS AND 50 DAYS
MOVING AVERAGES LOOKING POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO TRADE ABVOE THE
RESISTANCE LEVEL OF 1340 ELSE BELOW 1312.15 IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 1359.90 SUPPORT:1320

www.capitalvia.com | 31
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead POWER GRID CORPORATION

Weekly Pivots

STOCK R2 R1 PP S1 S2

POWERGRID 109.6 108.8 108.3 107.5 107

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE MIGHT EXPECT ONE MORE FRESH UPMOVES FROM HERE. IN THE UPSIDE THE STOCK MIGHT MOVE TILL
THE LEVEL OF 115 IN NEAR RUN.SO ONE MAY KEEP HOLD THE LONG UNTIL IT CLOSE BELOW 102.

RESISTANCE: 120.50 SUPPORT: 101.10

www.capitalvia.com | 32
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead PNB BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

PNB 1225.57 1213.18 1204.62 1192.23 1183.67

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY GO FOR BUY ON DIPS UNTIL IT CLOSE BELOW 1150, THE SHORT TERM TARGETS IN IT SEEMS TO BE
AT THE LEVELS OF 1225, 1250.

RESISTANCE: 1226 SUPPORT:1078

www.capitalvia.com | 33
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead RANBAXY LAB

Weekly Pivots

STOCK R2 R1 PP S1 S2

RANBAXY 525.07 519.58 510.82 505.33 496.57

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE RECOMMEND BUY ON DIPS UNTIL IT CLOSE BELOW 450 FOR THE TARGETS OF 515,525 TODAY MARKET
ACHIEVED THE FIRST TARGET. NOW MAY HOLD THE STOCK UNTIL IT CLOSE BELOW 480 FOR THE TARGET OF 525 IN NEAR
RUN.

RESISTANCE: 535 SUPPORT: 450

www.capitalvia.com | 34
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead REL CAP

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELCAPITAL 794.28 788.07 780.58 774.37 766.88

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMEND BUY ON DIPS UNTIL IT CLOSE BELOW 700 FOR THE TARGET OF 800.

RESISTANCE: 850 SUPPORT: 750

www.capitalvia.com | 35
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead RCOM

Weekly Pivots

STOCK R2 R1 PP S1 S2

RCOM 166.83 165.07 163.08 161.32 159.33

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY KEEP HOLD THE SHORT UNTIL IT CLOSE ABOVE 175, THE LOWER SIDE TARGETS IN IT SEEMS TO BE
AT THE LEVELS OF 155,150.

RESISTANCE: 179 SUPPORT: 156

www.capitalvia.com | 36
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead RIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELIANCE 947.9 936.8 930.5 919.4 913.1

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMEND SELL ON RISE UNTIL IT CLOSE ABOVE 1000 FOR THE TARGETS OF 900,890.
STOCK IS LOOKING NICE ONE FOR SHORT SIDE.

RESISTANCE: 1030 SUPPORT: 850

www.capitalvia.com | 37
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead RELIANCE INFRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELINFRA 1053.25 1043.3 1028.05 1018.1 1002.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS MAKING THE SHORT TERM COUNTER RALLY AFTER THE DEEP CORRECTION FROM THE UPPER LEVELS, SO MIGHT
GET MORE BOUNCE FROM HERE & MAY RISE TILL THE LEVELS OF 1090 TO 1100 IN NEAR RUN.

RESISTANCE: 1130 SUPPORT: 980

www.capitalvia.com | 38
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead REL POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

RPOWER 159.45 158 156.35 154.9 153.25

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY KEEP HOLD THE SHORT UNTIL IT CLOSE ABOVE 165, THE LOWER SIDE TARGETS IN IT SEEMS TO BE
AT THE LEVELS OF 150,145.

RESISTANCE: 161 SUPPORT: 143

www.capitalvia.com | 39
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead SIEMENS

Weekly Pivots

STOCK R2 R1 PP S1 S2

SIEMENS 708.85 703.7 697.85 692.7 686.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING IN SIDE WAYS TRADING CHANNEL WITH NEGATIVE BIAS, WE MIGHT EXPECT SOME PRICE
CORRECTION IN IT, MAY SLIP TILL THE LOWER LEVEL OF 650.

RESISTANCE: 766 SUPPORT: 650

www.capitalvia.com | 40
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead SBI

Weekly Pivots

STOCK R2 R1 PP S1 S2

SBIN 2808.9 2791.15 2771.25 2753.5 2733.6

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY GO FOR SELL ON RISE UNTIL IT CLOSE ABOVE 2800 FOR THE TARGET OF 2650.

RESISTANCE: 2920 SUPPORT: 2550

www.capitalvia.com | 41
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead SAIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

SAIL 195.68 193.52 191.88 189.72 188.08

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY HOLD THE SHORT UNTIL IT CLOSE ABOVE 200, THE LOWER SIDE TARGETS IN IT SEEMS TO BE AT
THE LEVELS OF 180,175.

RESISTANCE: 210.00 SUPPORT: 181.00

www.capitalvia.com | 42
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead STERLITE

Weekly Pivots

STOCK R2 R1 PP S1 S2

STER 165.08 161.67 159.58 156.17 154.08

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS GETTING THE GOOD SUPPORT CLOSE TO THE LEVEL OF 150. DECISIVE CLOSING BELOW THIS SUPPORT MAY SLIP
IT TILL THE LOWER LEVELS OF 140,135 IN NEAR RUN.

RESISTANCE: 165 SUPPORT: 133

www.capitalvia.com | 43
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead SUN PHARMA

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUNPHARMA 1763.68 1744.37 1729.68 1710.37 1695.68

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMEND SELL ON RISE UNTIL IT CLOSE ABOVE 1800 FOR THE TARGETS OF 1680, 1650.
STOCK IS LOOKING NICE ONE FOR SHORT SIDE.

RESISTANCE: 1853 SUPPORT: 1670

www.capitalvia.com | 44
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead SUZLON

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUZLON 53.75 51.9 50.1 48.25 46.45

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY KEEP HOLD THE SHORT UNTIL IT CLOSE ABOVE 58, THE LOWER SIDE TARGETS IN IT SEEMS TO BE
AT THE LEVELS OF 45,40.

RESISTANCE: 61.00 SUPPORT: 33.00

www.capitalvia.com | 45
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead TCS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TCS 857.7 847.5 841.3 831.1 824.9

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY HOLD THE LONG UNTIL IT CLOSE BELOW 800, THE UPSIDE TARGET IN IT SEEMS TO BE AT THE
LEVEL OF 900.

RESISTANCE: 884 SUPPORT: 750

www.capitalvia.com | 46
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead TATA MOTORS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAMOTORS 1031.42 1022.58 1016.42 1007.58 1001.42

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMEND SELL ON RISE UNTIL IT CLOSE ABOVE 1050 FOR THE TARGET OF 950 IN NEAR
RUN.

RESISTANCE: 1050 SUPPORT: 940

www.capitalvia.com | 47
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead TATA POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAPOWER 1279.03 1264.82 1256.43 1242.22 1233.83

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING IN LONG HORIZONTAL TRADING RANGE, ONE SHOULD WAIT FOR THE EITHER SIDES BREAKOUT OF
THIS RANGE.

RESISTANCE: 1308 SUPPORT: 1190

www.capitalvia.com | 48
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead TATA STEEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATASTEEL 550.75 545.85 541.1 536.2 531.45

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY HOLD THE LONG UNTIL IT CLOSE BELOW 500, THE SHORT TERM TARGETS IN IT SEEMS TO BE AT
THE LEVELS OF 550,575.

RESISTANCE: 575 SUPPORT: 485

www.capitalvia.com | 49
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead UNITECH

Weekly Pivots

STOCK R2 R1 PP S1 S2

UNITECH 83.3 82.25 80.65 79.6 78

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HOLDING THE CURRENT LEVELS AND NOW LOOKING TO HAVE SOME UMOVES FROM THE CURRENT LEVELS. SO
ONE MAY GO FOR BUY ON DIPS IN IT UNTIL IT CLOSE BELOW 78 FOR THE TARGETS OF 85, 88.

RESISTANCE: 91.00 SUPPORT: 71.00

www.capitalvia.com | 50
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

Weekly Ahead WIPRO

Weekly Pivots

STOCK R2 R1 PP S1 S2

WIPRO 411.2 406.25 402.25 397.3 393.3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY HOLD THE SHORT UNTIL IT CLOSE ABOVE 425, THE LOWER SIDE TARGETS IN IT SEEMS TO BE IN
THE RANGE OF 370 TO 375.

RESISTANCE: 425 SUPPORT: 372

www.capitalvia.com | 51
Nifty50 Weekly Report
06th Sep to 11th Sep 2010
RESEARCH

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