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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


17th May 2010 to 22nd May 2010
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead ABB

Weekly Pivots

STOCK R2 R1 PP S1 S2

ABB LTD. 731.13 702.27 686.13 657.27 641.13

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. IN THE DOWNSIDE THE STOCK MAY FALL TILL THE LOWER LEVELS OF
625 TO 630 IN NEAR TERM.

RESISTANCE: 731 SUPPORT: 642

www.capitalvia.com | 2
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead ACC

Weekly Pivots

STOCK R2 R1 PP S1 S2

A.C.C. 913.23 903.02 891.78 881.57 870.33

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT RESISTANCE SEEMS TO BE AT THE LEVEL OF 913. CLOSING ABOVE THIS RESISTANCE COULD TAKE
UP THE STOCK TILL THE HIGHER LEVELS OF 928 TO 930 IN NEAR TERM.

RESISTANCE: 913 SUPPORT: 868

www.capitalvia.com | 3
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead AMBUJA CEMENT

Weekly Pivots

STOCK R2 R1 PP S1 S2

AMBUJACEM 112.83 109.32 106.93 103.42 101.03

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. IN THE DOWNSIDE THE STOCK MAY DECLINE TILL THE LOWER LEVELS OF
99 TO 100 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 116.85 SUPPORT: 101.60

www.capitalvia.com | 4
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead AXIS BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

AXISBANK 1328.98 1312.37 1296.18 1279.57 1263.38

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE COULD EXPECT SOME PROFIT BOOKING ON HIGHER LEVELS AND COULD SEE SOME CORRECTION IN IT.
ONE COULD GO FOR BUY ON DIPS IN THIS STOCK. STOCK AFTER THIS CORRECTION MAY MAKE THE FRESH UPMOVES
AND COULD RISE TILL THE HIGHER LEVELS OF 1340 TO 1350 IN NEAR TERM.

RESISTANCE: 1320 SUPPORT: 1216

www.capitalvia.com | 5
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead BHEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHEL 2424.7 2392 2371.5 2338.8 2318.3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT ONE COULD GO FOR SELL ON RISE. IN THE
DOWNSIDE THE STOCK MAY DECLINE TILL THE LOWER LEVEL OF 2320.

RESISTANCE: 2477 SUPPORT:2320

www.capitalvia.com | 6
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead BPCL

Weekly Pivots

STOCK R2 R1 PP S1 S2
BHARAT
PETRO 564.3 556.65 547.35 539.7 530.4

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS UNTIL IT MADE CLOSING BELOW 500. IN THE UPSIDE THE STOCK MAY
RISE TILL THE HIGHER LEVELS OF 575 TO 580 IN SHORT TERM FROM THE PRESENT LEVELS.

RESISTANCE: 564 SUPPORT: 531

www.capitalvia.com | 7
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead BHARTI AIRTEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHARTIARTL 275.48 270.02 262.28 256.82 249.08

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. IN THE DOWNSIDE THE STOCK MAY GET THE NEXT SUPPORT CLOSE TO
THE LEVELS OF 240 TO 241.

RESISTANCE: 272 SUPPORT: 241

www.capitalvia.com | 8
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead CAIRN INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CAIRN 303.8 297.6 293.8 287.6 283.8

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT SUPPORT FOR THE STOCK IS SEEMS TO BE AT THE LEVELS OF 279 TO 280. CLOSING BELOW THIS
SUPPORT LEVELS COULD DROP THE STOCK TILL THE LOWER LEVELS OF 260 TO 265 IN SHORT TERM.

RESISTANCE: 305 SUPPORT: 279

www.capitalvia.com | 9
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead CIPLA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CIPLA 321.42 317.28 314.67 310.53 307.92

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. IN THE DOWNSIDE THE STOCK MAY FALL TILL THE LOWER LEVELS OF
300 TO 305 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 324 SUPPORT: 309

www.capitalvia.com | 10
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead DLF

Weekly Pivots

STOCK R2 R1 PP S1 S2

DLF 315.08 306.82 301.68 293.42 288.28

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT SUPPORT SEEMS TO BE AT THE LEVELS OF 289 TO 290. CLOSING BELOW THIS SUPPORT LEVELS
COULD CREATE SOME MORE SELLING PRESSURE IN STOCK.

RESISTANCE: 315 SUPPORT: 289

www.capitalvia.com | 11
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead GAIL INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

GAIL 436.45 432.1 429.05 424.7 421.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS UNTIL IT MADE CLOSING BELOW 400. IN THE UPSIDE THE STOCK MAY
MOVES TILL THE HIGHER LEVELS OF 445 TO 450 IN SHORT TERM.

RESISTANCE: 435 SUPPORT: 414

www.capitalvia.com | 12
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead HCL TECHNOLOGIES

Weekly Pivots

STOCK R2 R1 PP S1 S2
HCL
TECHNOLO 417.13 411.27 403.13 397.27 389.13

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY FACE THE NEXT RESISTANCE CLOSE TO THE LEVEL OF 410. CLOSING ABOVE THIS COULD CONFIRM THE MORE
PRICE HIKE IN STOCK.

RESISTANCE: 410 SUPPORT: 378

www.capitalvia.com | 13
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead HDFC BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

HDFC BANK 1986.42 1969.08 1955.67 1938.33 1924.92

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT ONE COULD GO FOR SELL ON RISE UNTIL IT
MADE CLOSING ABOVE 2000. IN THE DOWNSIDE THE STOCK MAY SLIDE TILL THE LOWER LEVELS OF 1855 TO 1860 IN
SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 2010 SUPPORT: 1875

www.capitalvia.com | 14
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead HERO HONDA

Weekly Pivots

STOCK R2 R1 PP S1 S2

HERO HONDA 1940.53 1908.67 1889.88 1858.02 1839.23

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT SUPPORT SEEMS TO BE AT THE LEVEL OF 1810. CLOSING BELOW THIS SUPPORT COULD DROP THE
STOCK TILL THE LOWER LEVELS OF 1765 TO 1770 IN SHORT TERM.

RESISTANCE: 1948 SUPPORT: 1810

www.capitalvia.com | 15
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead HINDALCO

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDALCO 172.6 168 165.35 160.75 158.1

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT ONE COULD GO FOR SELL ON RISE, STOCK
MAY DROP TILL THE LOWER LEVELS OF 155 TO 156 IN SHORT TERM.

RESISTANCE: 178.00 SUPPORT: 157.70

www.capitalvia.com | 16
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead HUL

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDUNILVR 246.07 239.98 236.67 230.58 227.27

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY CONTINUE THIS DOWNSIDE RANGE BOUND MOVEMENT FOR A WHILE. FOR TRADING ONE COULD GO FOR
SELL ON RISE UNTIL IT MADE CLOSING ABOVE 250.

RESISTANCE: 243.35 SUPPORT: 227.00

www.capitalvia.com | 17
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead HDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

HOUS DEV FIN 2844.93 2810.87 2785.43 2751.37 2725.93

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 2690. CLOSING BELOW THIS SUPPORT COULD CREATE
MORE SELLING PRESSURE IN STOCK.

RESISTANCE: 2881 SUPPORT:2690

www.capitalvia.com | 18
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead ICICI BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

ICICI BANK 933.75 922.4 913.7 902.35 893.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 950. IN THE DOWNSIDE STOCK MAY
CORRECT TILL THE LOWER LEVELS OF 865 TO 870 FROM THE CURRENT LEVELS.

RESISTANCE: 964 SUPPORT: 887

www.capitalvia.com | 19
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead IDEA CELLULAR

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDEA 59.33 58.22 56.43 55.32 53.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 65. IN THE DOWNSIDE THE STOCK MAY
SLIDE TILL THE LOWER LEVELS OF 49 TO 50 IN SHORT TERM FROM THE PRESENT LEVELS.

RESISTANCE: 59.50 SUPPORT: 53.75

www.capitalvia.com | 20
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead IDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDFC 170 167.6 165.35 162.95 160.7

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY CONTINUE THE RANGE BOUND MOVEMENT FOR A WHILE. ONE SHOULD WAIT FOR THE EITHER SIDE
BREAKOUTS IN STOCK.

RESISTANCE: 174.00 SUPPORT: 157.80

www.capitalvia.com | 21
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead INFOSYS

Weekly Pivots

STOCK R2 R1 PP S1 S2

INFOSYS TECH 2766.63 2709.27 2669.63 2612.27 2572.63

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 2725. IN THE DOWNSIDE THE STOCK
MAY SLIDE TILL THE LOWER LEVELS OF 2575 TO 2580 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 2762 SUPPORT: 2606

www.capitalvia.com | 22
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead ITC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ITC 278.05 273.1 268.05 263.1 258.05

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS. IN THE UPSIDE STOCK MAY HIT THE HIGHER LEVELS OF 273 TO 275 IN
SHORT TERM.

RESISTANCE: 273.70 SUPPORT: 257.25

www.capitalvia.com | 23
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead JP ASSOCIAT

Weekly Pivots

STOCK R2 R1 PP S1 S2

JPASSOCIATEQ 137.13 133.37 131.18 127.42 125.23

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IIN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT ONE COULD GO FOR SELL ON RISE. IN THE
DOWNSIDE THE STOCK MAY SLIDE TILL THE LOWER LEVELS OF 119 TO 120 IN SHORT TERM.

RESISTANCE: 137.25 SUPPORT: 127.15

www.capitalvia.com | 24
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead JINDAL STEEL & POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

JINDL STL&PO 673.95 662.4 655.2 643.65 636.45

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. IN THE DOWNSIDE THE STOCK MAY SLIDE TILL THE LOWER LEVELS OF
600 TO 605 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 705 SUPPORT: 625

www.capitalvia.com | 25
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead KOTAK MAHINDRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

KOTAK BANK 824.00 791.00 757.00 724.00 690.00

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS UNTIL IT MADE CLOSING BELOW 710. IN THE UPSIDE THE STOCK MAY
RISE TILL THE HIGHER LEVELS OF 800 TO 805 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 798 SUPPORT: 742

www.capitalvia.com | 26
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead L&T

Weekly Pivots

STOCK R2 R1 PP S1 S2

LT EQ 1609.12 1569.23 1545.12 1505.23 1481.12

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT SUPPORT SEEMS TO BE AT THE LEVELS OF 1500 TO 1505. CLOSING BELOW THIS SUPPORT ZONE
MAY SLIDE THE STOCK TILL THE LOWER LEVELS OF 1455 TO 1460 IN SHORT TERM.

RESISTANCE: 1610 SUPPORT: 1502

www.capitalvia.com | 27
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead M&M

Weekly Pivots

STOCK R2 R1 PP S1 S2

MAH & MAH 572.57 566.18 560.27 553.88 547.97

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS. TECHNICALLY STOCK IS LOOKING TO TAKE SOME MORE UPSIDE MOVES
FROM THE CURRENT LEVELS.

RESISTANCE: 600 SUPPORT: 528

www.capitalvia.com | 28
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead MARUTI SUZUKI

Weekly Pivots

STOCK R2 R1 PP S1 S2

MARUTI 1296.57 1278.03 1262.47 1243.93 1228.37

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. IN THE DOWNSIDE THE STOCK MAY SLIP TILL THE LOWER LEVELS OF
1175 TO 1180 IN SHORT TERM.

RESISTANCE: 1300 SUPPORT: 1180

www.capitalvia.com | 29
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead NTPC

Weekly Pivots

STOCK R2 R1 PP S1 S2

NTPC EQ 209.45 207.65 206.4 204.6 203.35

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS IN THE RANGE BOUND MOVEMENT AND COULD CONTINUE THE SAME TREND FOR A WHILE. ONE SHOULD WAIT
FOR THE EITHER SIDE BREAKOUTS IN STOCK.

RESISTANCE: 212.55 SUPPORT: 197.00

www.capitalvia.com | 30
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead ONGC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ONGC CORP. 1062.18 1053.37 1046.68 1037.87 1031.18

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE SHOULD WAIT FOR THE EITHER SIDE BREAKOUTS. AT PRESENT STOCK IS HOLDING THE TRADING
RANGE OF 1000 TO 1065.

RESISTANCE: 1062 SUPPORT: 1019

www.capitalvia.com | 31
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead POWER GRID CORPORATION

Weekly Pivots

STOCK R2 R1 PP S1 S2

POWERGRID 109.62 107.93 106.72 105.03 103.82

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY CONTINUE THE RANGE BOUND MOVEMENT FOR SOME MORE TIME. ONE SHOULD WAIT FOR THE EITHER
SIDES BREAKOUT IN STOCK.

RESISTANCE: 109.95 SUPPORT: 102.15

www.capitalvia.com | 32
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead PNB BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

PNB 1042.82 1026.43 1012.52 996.13 982.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD ADOPT SELL ON RISE. IN THE DOWNSIDE THE STOCK MAY SLIDE TILL THE LOWER LEVELS OF
935 TO 940 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1059 SUPPORT: 964

www.capitalvia.com | 33
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead RANBAXY LAB

Weekly Pivots

STOCK R2 R1 PP S1 S2

RANBAXY LAB. 468.75 463.1 459.15 453.5 449.55

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 500. IN THE DOWNSIDE THE STOCK
MAY FALL TILL THE LOWER LEVELS OF 405 TO 410 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 491 SUPPORT: 394

www.capitalvia.com | 34
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead REL CAP

Weekly Pivots

STOCK R2 R1 PP S1 S2

REL.CAPITAL 707.93 692.07 680.03 664.17 652.13

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY FALL TILL THE LOWER LEVELS
OF 635 TO 640 IN SHORT TERM. STOCK IS LOOKING GOOD ONE FOR SHORT SIDE FROM THE CURRENT LEVELS.

RESISTANCE: 737 SUPPORT: 654

www.capitalvia.com | 35
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead RCOM

Weekly Pivots

STOCK R2 R1 PP S1 S2

RCOM 149.9 147.15 145.4 142.65 140.9

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY CONTINUE THIS SELLING PRESSURE AND COULD MORE CORRECT FROM THE CURRENT LEVELS. ONE COULD
GO FOR SELL ON RISE IN THIS STOCK FOR TRADING PURPOSE.

RESISTANCE: 150.30 SUPPORT: 142.40

www.capitalvia.com | 36
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead RIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

REL.CAPITAL 707.93 692.07 680.03 664.17 652.13

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD MENTIONED IN OUR PREVIOUS REPORT THAT ONE COULD GO FOR SELL ON RISE UNTIL IT MADE
CLOSING ABOVE 1100. IN THE DOWNSIDE THE STOCK MAY FALL TILL THE LOWER LEVELS OF 1015 TO 1020 IN SHORT
TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1098 SUPPORT: 1003

www.capitalvia.com | 37
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead RELIANCE INFRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELINFRA 1054.3 1040.1 1026.55 1012.35 998.8

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE SHOULD WAIT FOR THE EITHER SIDE BREAKOUTS. STOCK MAY CORRECT FROM THE CURRENT LEVELS
AS IT IS TECHNICALLY LOOKING WEEK.

RESISTANCE: 1085 SUPPORT: 951

www.capitalvia.com | 38
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead REL POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

RPOWER 147.95 146.5 145.5 144.05 143.05

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE SHOULD WAIT FOR THE EITHER SIDE BREAKOUTS. STOCK MAY CONTINUE THE RANGE BOUND
MOVEMENT FOR SOME TIME.

RESISTANCE: 151.00 SUPPORT: 135.50

www.capitalvia.com | 39
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead SIEMENS

Weekly Pivots

STOCK R2 R1 PP S1 S2

SIE MENS 686.42 674.18 665.27 653.03 644.12

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 700. IN THE DOWNSIDE THE STOCK
MAY SLIDE TILL THE LOWER LEVELS OF 615 TO 620 IN SHORT TERM FROM THE PRESENT LEVELS.

RESISTANCE:690 SUPPORT: 634

www.capitalvia.com | 40
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead SBI

Weekly Pivots

STOCK R2 R1 PP S1 S2

STATE BANK 2378.88 2301.57 2256.58 2179.27 2134.28

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK WITNESSED THE HUGE CORRECTION TODAY AND NOW COULD LOOSE ITS UPSIDE MOMENTUM FOR A WHILE.
ONE COULD GO FOR SELL ON RISE IN STOCK. IN THE DOWNSIDE THE STOCK MAY CORRECT TILL THE LOWER LEVELS OF
2150 TO 2160 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 2385 SUPPORT: 2182

www.capitalvia.com | 41
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead SAIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

STEEL AUTHOR 216.37 212.28 209.72 205.63 203.07

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT ONE COULD GO FOR SELL ON RISE IN IT.
STOCK MAY SLIDE TILL THE LOWER LEVELS OF 198 TO 200.

RESISTANCE: 221.00 SUPPORT: 197.50

www.capitalvia.com | 42
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead STERLITE

Weekly Pivots

STOCK R2 R1 PP S1 S2

STER EQ 740.5 720.9 708.8 689.2 677.1

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD EXPECT SOME MORE CORRECTION FROM THE CURRENT LEVELS. IN THE DOWNSIDE THE
STOCK MAY GET THE NEXT SUPPORT CLOSE TO THE LEVELS OF 675 TO 676.

RESISTANCE: 740 SUPPORT: 676

www.capitalvia.com | 43
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead SUN PHARMA

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUN PHARMA. 1618.52 1605.23 1586.62 1573.33 1554.72

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY CARRY THIS SHORT TERM PULL BACK
AND COULD HIT THE LEVELS OF 1600 TO 1610 IN SHORT TERM, TODAY IT DID. NOW IN THE STOCK ONE COULD SEE THE
RANGE BOUND MOVEMENT FOR SOME TIME.

RESISTANCE: 1633 SUPPORT: 1495

www.capitalvia.com | 44
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead SUZLON

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUZLON 68.37 66.98 66.02 64.63 63.67

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 75. IN THE DOWNSIDE THE STOCK MAY
DECLINE TILL THE LOWER LEVELS OF 59 TO 60 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 71.75 SUPPORT: 62.50

www.capitalvia.com | 45
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead TCS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TCS EQ 787.28 775.57 765.28 753.57 743.28

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 800. IN THE DOWNSIDE THE STOCK
MAY FALL TILL THE LOWER LEVELS OF 725 TO 730 IN SHORT TERM FROM THE PRESENT LEVELS.

RESISTANCE: 799 SUPPORT: 735

www.capitalvia.com | 46
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead TATA MOTORS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAMOTORSEQ 845.02 830.63 820.62 806.23 796.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS UNTIL IT MADE CLOSING BELOW 750. IN THE UPSIDE THE STOCK MAY
RISE TILL THE HIGHER LEVELS OF 890 TO 900 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 841 SUPPORT: 791

www.capitalvia.com | 47
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead TATA POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATA POWER 1379.55 1357.35 1341.2 1319 1302.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS UNTIL IT MADE CLOSING BELOW 1300. IN THE UPSIDE THE STOCK MAY
MOVES TILL THE HIGHER LEVEL OF 1400 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1408 SUPPORT: 1264

www.capitalvia.com | 48
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead TATA STEEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATASTEEL 584.32 566.13 555.82 537.63 527.32

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT ONE COULD GO FOR SELL ON RISE. IN THE
DOWNSIDE THE STOCK MAY SLIDE TILL THE LOWER LEVELS OF 515 TO 520 IN SHORT TERM.
STOCK IS LOOKING GOOD ONE FOR SHORT SIDE FROM THE CURRENT LEVELS.

RESISTANCE: 593 SUPPORT: 517

www.capitalvia.com | 49
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead UNITECH

Weekly Pivots

STOCK R2 R1 PP S1 S2

UNITECH LTD 80.62 78.53 77.17 75.08 73.72

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT SUPPORT SEEMS TO BE AROUND THE LEVEL OF 74. CLOSING BELOW 70 COULD SLIP THE STOCK
TILL THE LOWER LEVELS OF 69 TO 70 IN SHORT TERM.

RESISTANCE: 81.10 SUPPORT: 74.15

www.capitalvia.com | 50
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

Weekly Ahead WIPRO

Weekly Pivots

STOCK R2 R1 PP S1 S2

WIPRO 689.4 677.9 668.5 657 647.6

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE CRUCIAL SUPPORT CLOSE TO THE LEVELS OF 630 TO 631. CLOSING BELOW THIS SUPPORT COULD
DROP THE STOCK TILL THE LOWER LEVELS OF 600 TO 605 IN SHORT TERM.

RESISTANCE: 696 SUPPORT: 631

www.capitalvia.com | 51
Nifty50 Weekly Report
17th May to 22nd May 2010
RESEARCH

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