Professional Documents
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WEEKLY
18th April – 22nd April 2011
www.capitalvia.com
WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
ACC
ACC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock consolidated in today's trading session. One could hold the long positions in the
stock as it is expected to move till the levels of 1145 in upside in coming trading sessions. RESISTANCE 1145
SUPPORT 1067
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
AMBUJA CEMENT
AMBHUJA CEMENT
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is being consolidating at higher levels with positive biasness. It faces major
resistance at 155.50, crossing of this level may continue its bullish trend while has support at RESISTANCE 155.50
144, breach of this level will bring downward movement in the stock. SUPPORT 144
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
AXIS
AXIS
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is currently facing a consolidation phase. It has major resistance at 1461, crossing
of this level will bring an up rally in the stock. One could go for buying on dip strategy in the RESISTANCE 1461
stock. SUPPORT 1375
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
BAJAJ AUTO
BAJAJ AUTO
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock after having a bearish phase previously has successfully tried to take support and
had an either side movement this week. One could go for buying on dip strategy in the stock RESISTANCE 1450
as it is expected to move till the levels of 1450 in coming trading sessions. SUPPORT 1360
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
BHEL
BHEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidating at higher levels after an up rally previously. It has support at 2175;
breach of this level may bring some more correction in the stock while has resistance at RESISTANCE 2267
2247, crossing of this level will continue its bullish trend. SUPPORT 2162
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
BPCL
BPCL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
BPCL is in consolidation phase this week. It has resistance level at 625 and above this level it is
looking strong on charts. It has support level at 583, and if it sustain below this level further RESISTANCE 625
downward movement can be expected. SUPPORT 590
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
BHARTI AIRTEL
BHARTI AIRTEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock had managed to cross its major resistance this week and moved in an uptrend.
Now it has next major resistance at 377, crossing of this level will take the stock further RESISTANCE 377
upwards. One could go for buy on dip strategy in the stock till it breaches the levels of 345 in SUPPORT 345
downside.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
CIPLA
CIPLA
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Cipla is currently moving in a tight range. It has resistance level at 326.50 and support level at
313. It is expected to move within this range. One should wait for crossing of levels on either RESISTANCE 326.50
side before taking any positions in it. SUPPORT 313
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
CAIRN
CAIRN
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock currently moving in a correction phase. One could hold the short positions in the
stock as it is expected to continue its correction phase and may move till the levels of 339 in RESISTANCE 360
downside. SUPPORT 339
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
DLF
DLF
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock had a correction phase. It has next support at 242, breach of this level will continue
the corrective rally and may take the stock further down till the levels of 240-235 in near RESISTANCE 259
term. SUPPORT 243
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
DR REDDY
DR REDDY
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The trend presently in the stock is sideways. The stock showed an up movement during the
week. The stock is facing resistance at 1678. Once it manages to break its resistance then a RESISTANCE 1678
further up movement can be seen in the stock. One can go for buying the stock once it SUPPORT 1600
manages to sustain above its resistance.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
GAIL INDIA
DR REDDY
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock was found to be consolidating during the week. The trend presently in the stock is
up and the stock is facing resistance at 481 and has support at 460. One can go for buying in RESISTANCE 481
the stock above its resistance. The support at 454 can be taken as a major support in the SUPPORT 460
stock as we can see in its 50 day moving average.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
HCL
HCL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
As said earlier the stock is an uptrend. Once it manages to sustain above its resistance level of
505 then a further up movement can be expected in the stock. A profit booking was seen in RESISTANCE 505
the stock during its trading hours and the stock has major support at 470. One can go for SUPPORT 470
buying in the stock once it breaks its resistance.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
HDFC BANK
HDFC BANK
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
During the week the stock showed a volatile movement but ended on a positive note. The
stock is presently in a sideways trend and is facing resistance at 2410 and has support at RESISTANCE 2410
2275. One can go for buying in the stock once it breaks its resistance. SUPPORT 2275
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
HOUSING DEVELOPMENT FINANCE
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is presently in a sideways trend and ended on a positive note during its trading
week. The stock is presently facing resistance at 725 and break of its resistance may take the RESISTANCE 725
stock further up. The stock has support at 685 and one can go for buying the stock once it SUPPORT 685
breaks its resistance.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
HERO HONDA
HERO HONDA
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
As said earlier the trend presently is up and one can go for buying the stock. The stock
showed a continuous up movement during its trading week. And one can expect a further RESISTANCE 1890
up movement in the stock once it breaks it resistance at 1890. The stock has major support SUPPORT 1700
at 1700.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
HINDALCO
HINDALCO
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock was found to be trading with a positive biasness during the week and the stock is
facing resistance at 220 and has support at 205. A further up movement is expected in the RESISTANCE 220
stock once it breaks its resistance level at 220 and one can go for buying the stock above this SUPPORT 205
level.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
HUL
HUL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock was found to be consolidating with high volatility during the week. The stock is
facing resistance at 285 and has support at 270. One should wait to trade in the stock as an RESISTANCE 285
either side movement is expected from the stock. SUPPORT 270
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
ICICI BANK
ICICI BANK
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
ICICI bank showed volatile trading session in last week. The stock is looking indecisive on the
charts. Though major trend is positive for the stock, but short term trend is not clear. The RESISTANCE 1158
stock has major resistance level at 1159 and it has support level at 1078. SUPPORT 1078
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
IDFC
IDFC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
IDFC remained bearish in the last week and showed the correction. Now the stock has
resistance level at 162 and support level at 151. It is expected to consolidate with positive RESISTANCE 162
biasness in short term. SUPPORT 151
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
INFOSYS TECHNOLOGIES
INFOSYS TECHNOLOGIES
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Infosys from the last few trading session it is moving sideways, in today's trading session it
was down by 9.58 %. It is now taking resistance at 3336 above this level it would be in an RESISTANCE 3336
upward trend. One can go for short position in it at 2977 below this level it might test the SUPPORT 2977
next support level of 2904.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
ITC
ITC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
ITC has found support at 183 and resistance 193.In today's trading session it manages to
trade above the 10 days and 50 days moving averages and it is now trading at 191.50, from RESISTANCE 193
this level further upside of movement would be expected. It has resistance at 193 above this SUPPORT 183
level it would be in an upward trend.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
JAIPRAKASH ASSOCIATES
JAIPRAKASH ASSOCIATES
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
In today's trading session it was up by 1.32 %, from this level further upside of movement
would be expected. It is looking bullish in the coming trading session if it manages to trade RESISTANCE 103
above the resistance level of 100 else below 87 it would be in a downward trend. SUPPORT 87
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
JINDAL STEEL & POWER
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Jindal Steel & Power found support at 668 which served as a strong support level. In today's
trading session it closes near to the support level of 668 and manages to trade and close RESISTANCE 687
above the 10 days moving averages. It has resistance at 687 above this level it would be in a SUPPORT 668
bullish trend else below 668 it would be bearish in trend.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
LARSEN AND TOUBRO
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
From the last few trading session it is moving in a particular price range of 1640-1700, in
today's trading session it manages to trade and close above resistance level of 1733 . It is RESISTANCE 1805
taking support at 1630 and resistance at 1805; from this level further upside movement SUPPORT 1630
would be expected. One can go for long position in it at 1805 above this level it might be in
an upward trend.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
KOTAK MAHINDRA BANK
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Kotak Mahindra Bank from the last few trading session moving sideways, it is looking strong
on charts from this level further upside of movement would be expected. It is looking bullish RESISTANCE 465
if it manages to trade and sustain above the resistance level of 465 else above 434 it would SUPPORT 434
be bearish in trend.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
MAHINDRA & MAHINDRA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
M&M in today's trading session found the support at 702 and resistance at 750. In order to
be in an upward trend it has to trade and consolidate above the 10 days and 50 days moving RESISTANCE 750
averages. It is looking bullish in the coming trading session if it manages to trade above the SUPPORT 702
resistance level of 750 else below 702 it would be in a downward trend.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
MARUTI SUZUKI INDIA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Maruti in today's trading session was moving in a downward trend and a negative opening
made it to trade and closes below the 10 days moving averages; from this level further RESISTANCE 1285
upside movement would be expected. It is now trading at 1257.20.One can go for long SUPPORT 1206
position in it at 1285 above this level it might test the next resistance level of 1350
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
NTPC
NTPC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
After making a high of 195 it is continuously moving in a downward trend, in today's trading
session it up by 1.28 %. It is looking weak on charts; one can go for short position in it at 180 RESISTANCE 189
below this level it would be in a downward trend. SUPPORT 180
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
ONGC
ONGC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
ONGC battered down to 279.10, from this level it made a smart recovery and made a high of
290.55. It is looking strong on charts. One can go for long position in it at 291 for the target RESISTANCE 291
of 300. SUPPORT 278
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
POWER GRID CORPORATION OF INDIA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Power Grid form the last trading session it is moving sideways and it is now trading at
105.05. It is now taking support at 103 and resistance 106, form this level further upside of RESISTANCE 106
movement would be expected. One can go for long position in it at 106 for the target of SUPPORT 103
114.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
PUNJAB NATIONAL BANK
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
After making a high of 1217 it is continuously moving sideways, it is now trading at 1197.05
and it was up by 0.69 %. It has resistance at 1218 and support at 1170. It is looking bullish in RESISTANCE 1218
the coming trading session if it manages to trade above the resistance level of 1218 else SUPPORT 1173
below 1173 it would be in a bearish trend.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
RANBAXY
RANBAXY
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Ranbaxy battered down to 432 which served as a major support level, from this level it made
a smart recovery and made a high of 473.70. It is looking strong on charts from this level up RESISTANCE 476
side movement would be expected, above 476 it would be in an upward trend. SUPPORT 450
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
RELIANCE CAPITAL
RELIANCE CAPITAL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Reliance capital in today's trading session was moving in an upward trend and it was up by -
0.92%. It is now taking support at 585 and resistance at 642. One can go for long position in RESISTANCE 642
it at 642 below 598 it would be in a downward trend. SUPPORT 585
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
RELIANCE COMMUNICATION
RELIANCE COMMUNICATION
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
After making a high of 113.85 it is continuously moving in a downward trend and it is now
trading at 107.50. It is looking weak on charts if it manages to trade below the support level RESISTANCE 114
of 95 below this level it would be in a bearish trend. One can go for short position in it for the SUPPORT 95
target of 84.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
RELIANCE INDUSTRIES
RELIANCE INDUSTRIES
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
It is taking resistance at 1066 and support at 1030. It is looking bullish in the coming trading
session, one can go for long position in at 1066 else below 1030 it would be in a downward RESISTANCE 1025
trend. SUPPORT 995
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
RELIANCE INFRAUSTRUCTURE
RELIANCE INFRAUSTRUCTURE
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
It is now taking support at 652 and resistance at 713.It is strong on chart in today's trading
session it was down by 1.06% from this level further upside of movement would be RESISTANCE 713
expected. Once can go for long position in it at 713 above this level it might be in a bullish SUPPORT 652
trend.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
RELIANCE POWER
RELIANCE POWER
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is moving in an uptrend. One could hold the long positions in the stock till it
breaches the level of 130 in downside as it is expected to continue its bullish trend. RESISTANCE 136.70
SUPPORT 130
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
SIEMENS
SIEMENS
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock had a very volatile movement this week. one should wait for further movements in
the stock as it is looking very volatile in terms of price movements. RESISTANCE 901
SUPPORT 804
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
STERLITE
STERLITE
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock has managed to cross its resistance level and moved in an up rally, its next
resistance at 187, crossing of this level may take the stock further upwards while has support RESISTANCE 187
at 170, breach of this will bring the stock downward. SUPPORT 170
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
STATE BANK OF INDIA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidating currently. It has resistance at 2855; crossing of this level will take
the stock further upwards. RESISTANCE 2855
SUPPORT 2700
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
SAIL
SAIL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidating from last a few trading sessions. It faces next resistance at 180;
crossing of this level will further take up the stock while has support at 165, breach of this RESISTANCE 180
level may bring downward movement. SUPPORT 165
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
SUN PHARMACEUTICAL
SUN PHARMACEUTICAL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Sun Pharmaceuticals is consolidating with negative biasness from few previous trading
sessions. The stock has resistance level at 456 and support level at 436, It is expected to RESISTANCE 456
consolidate with negative biasness in coming trading sessions; also it is looking further weak SUPPORT 436
below the support level at 436.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
GRASIM
SUZLON
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
GRASIM has shown sideways movement in last week. The stock has resistance level at 2570
and support level at 2499. It is expected to consolidate with negative biasness in coming RESISTANCE 2570
trading sessions; also it is looking further weak below the support level at 2499. SUPPORT 2499
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
TCS
TCS
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
TCS had volatile trading session in the last week. It is expected to show sideways movement
in near term. Although the stock has long term uptrend and if sustained above the level of RESISTANCE 1230
1230 then uptrend may continue in the coming trading sessions. SUPPORT 1172
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
TATA MOTOR
TATA MOTOR
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Tata motor remained negative last week and showed volatile trading session. The stock is
expected to consolidate sideways in near term. It has resistance at the level of 1275 and RESISTANCE 1304
support level at 1200. Below the support level it is further negative in short term. SUPPORT 1234
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
TATA STEEL
TATA STEEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
TECHNICAL OVERVIEW
TATA Steel is in bullish trend and last week it traded with positive biasness. The stock has
resistance at 645 and support at 623. It is expected to take corrective movements in near RESISTANCE 645
term. If it manages to sustain above resistance level at 645, further bullishness can be SUPPORT 623
expected.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
TATA POWER
TATA POWER
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
TATA Power is in sideways trend from last many sessions and this week also it remained
almost flat and traded in tight range. The stock is expected to trade sideways within the RESISTANCE 1350
range of resistance 1350 and support at 1295.it is looking indecisive on charts, so one SUPPORT 1295
should wait for proper breakout before entering in it.
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
SESA GOA
SESA GOA
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is currently consolidating after a continuous up rally previously. It now has
resistance at 326; crossing of this level may continue the bullish trend of the stock. One could RESISTANCE 336
go for buying on dip strategy in the stock until it breaches the level of 310.50 in downside. SUPPORT 310.50
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WEEKLY
18th Apr to 22nd Apr 2011
WEEK AHEAD
WIPRO
WIPRO
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Last week WIPRO showed downside movement with high fluctuations. The stock has
resistance level at 463 and support level at 443. The major trend for the stock is looking RESISTANCE 485
weak on the charts and it is expected to consolidate with negative biasness in short term. SUPPORT 443
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WEEKLY
18th Apr to 22nd Apr 2011
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