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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


15th March 2010 to 20th Mar 2010
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead ABB

Weekly Pivots

STOCK R2 R1 PP S1 S2

ABB LTD. 912.13 891.27 858.13 837.27 804.13

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE GOOD UPSIDE RALLY AND LOOKING TO CONTINUE THE RALLY FOR SOME MORE TIME. THE NEXT TG
IN STOCK IS LOOKING AT 900 TO 910.

RESISTANCE: 881 SUPPORT: 834

www.capitalvia.com | 2
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead ACC

Weekly Pivots

STOCK R2 R1 PP S1 S2

A.C.C. 1056.33 1027.92 991.58 963.17 926.83

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS FACING THE STIFF RESISTANCE AROUND THE LEVEL OF 1015 TO 1020 LEVEL. ABOVE IT WE COULD EXPECT THE
1050 LEVEL IN STOCK.

RESISTANCE: 1020 SUPPORT: 942

www.capitalvia.com | 3
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead AMBUJA CEMENT

Weekly Pivots

STOCK R2 R1 PP S1 S2

AMBUJACEM 123.62 120.03 114.92 111.33 106.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING ABOVE THE GOOD RESISTANCE ZONE OF 114 TO 115. THE NEXT TARGET COULD BE FOR STOCK IS 120.

RESISTANCE: 118.50 SUPPORT: 114

www.capitalvia.com | 4
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead AXIS BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

AXISBANK 1235.82 1193.43 1119.22 1076.83 1002.62

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS IN UPSIDE RALLY AND COULD CONTINUE THE PREVAILING TREND. ABOVE 1178 TO 1180 STOCK MIGHT RIDE TO
THE LEVEL OF 1200 TO 1210 IN SHORT PERIOD.

RESISTANCE: 1178 SUPPORT: 1045

www.capitalvia.com | 5
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead BHEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHEL 2512.48 2445.97 2405.48 2338.97 2298.48

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK WITNESSED THE CORRECTION TODAY AS WE HAD MENTIONED IN OUR REPORT THE TARGET FOR STOCK IS 2395.
NOW IF STOCK CONTINUES THIS DOWN TREND WE MIGHT EXPECT THE LEVEL OF 2310 TO 2320 IN STOCK.

RESISTANCE: 2475 SUPPORT: 2318

www.capitalvia.com | 6
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead BPCL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHARAT PETRO 562.65 544.7 533.85 515.9 505.05

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS IN THE PHASE OF CORRECTION. FOR THE STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT
STOCK MIGHT TOUCH THE LEVEL OF 500 TO 510 IN SHORT TERM.

RESISTANCE: 551 SUPPORT: 505

www.capitalvia.com | 7
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead BHARTI AIRTEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHARTIARTL 314.1 306.6 295.3 287.8 276.5

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HOLDING THE DOWNSIDE LEVEL AND ALSO NOT SUSTAINING THE HIGHER LEVELS. WE MIGHT EXPECT THE
RANGE BOUND MOVEMENT IN STOCK, BUT COULD WITNESS HUGE SELLING PRESSURE BELOW THE LEVEL OF 275.

RESISTANCE: 303.75 SUPPORT: 275

www.capitalvia.com | 8
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead CAIRN INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CAIRN 289.02 282.83 272.12 265.93 255.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MADE THE GOOD UPSIDE BREAKOUT TODAY AND ALSO SUSTAINED THE HIGHER LEVELS. IN THE STOCK THE NEXT
TARGET COULD BE 285 TO 290 IN SHORT TERM.

RESISTANCE: 288 SUPPORT: 261

www.capitalvia.com | 9
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead CIPLA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CIPLA 329.2 322.6 318.3 311.7 307.4

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS MAKING THE BEARISH PATTERN IN CHARTS AND ALSO NOT SUSTAINING THE HIGHS. IN THE STOCK WE MIGHT
EXPECT THE LEVEL OF 295 TO 300 IN SHORT TERM. BELOW THIS SUPPORT BASE STOCK MIGHT BE SLIPPED TO THE LEVEL
OF 275 TO 280.

RESISTANCE: 330 SUPPORT: 310

www.capitalvia.com | 10
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead DLF

Weekly Pivots

STOCK R2 R1 PP S1 S2

DLF 332.92 321.83 314.72 303.63 296.52

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS LOOKING TO EXHAUST THE SHORT TERM UPSIDE RALLY AND NOW COULD BE SIDE WAYS FOR SOME TIME. IN
THE STOCK WE RECOMMEND SELL ON EVERY HIGHS.

RESISTANCE: 326 SUPPORT: 305

www.capitalvia.com | 11
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead GAIL INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

GAIL 436.17 427.68 416.12 407.63 396.07

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK FACES THE RESISTANCE AROUND THE LEVEL OF 425 TO 430. ABOVE IT MIGHT TOUCH THE LEVEL OF 435 TO 440 IN
SHORT TERM.

RESISTANCE: 426 SUPPORT: 404

www.capitalvia.com | 12
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead GRASIM

Weekly Pivots

STOCK R2 R1 PP S1 S2

GRASIM IND. 2975.52 2933.23 2872.72 2830.43 2769.92

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK FORMED THE UPWARD TRADING CHANNELS IN DAILY CHART AND LOOKING TO CONTINUE THIS UPSIDE RALLY. IN
SHORT TERM WE ARE EXPECTING THE LEVEL OF 2940 TO 2950 IN STOCK.

RESISTANCE: 2940 SUPPORT: 2842

www.capitalvia.com | 13
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead HCL TECHNOLOGIES

Weekly Pivots

STOCK R2 R1 PP S1 S2

HCL TECHNOLO 370.75 365.65 358.6 353.5 346.45

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS FORMING THE HORIZONTAL TRADING RANGE IN CHART AND LOOKING TO HAVE THE HORIZONTAL SUPPROT
BASE AT THE LEVEL OF 345 TO 350. BELOW IT THE STOCK MIGHT BE IN GRIP OF SELLERS COULD TAKE IT THE STOCK TILL
THE LEVEL OF 325 TO 330.

RESISTANCE: 371 SUPPORT: 351

www.capitalvia.com | 14
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead HDFC BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

HDFC BANK 1893.82 1847.53 1788.72 1742.43 1683.62

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK WITNESSED SOME PROFIT BOOKING ON HIGHER LEVEL AND NOW LOOKING TO BE IN THIS RANGE FOR SOME
MORE TIME. IN UPSIDE THE STOCK COULD MAKE THE MORE UPSIDE TARGET ABOVE 1840. ABOVE 1840 WE COULD
EXPECT THE LEVEL OF 1865 TO 1870 IN SHORT TERM.

RESISTANCE: 1839 SUPPORT: 1729

www.capitalvia.com | 15
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead HERO HONDA

Weekly Pivots

STOCK R2 R1 PP S1 S2

HERO HONDA 2004.58 1961.57 1910.98 1867.97 1817.38

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HOLDING THE HIGHER LEVELS AND LOOKING TO HAVE THE MORE UPSIDE POTENTIAL. IN THE STOCK WE MIGHT
EXPECT THE LEVEL OF 1945 TO 1950 IN SHORT TERM. IF STOCK SUSTAINS THESE HIGH LEVELS WE MIGHT EXPECT THE
2000 LEVEL IN STOCK.

RESISTANCE: 2015 SUPPORT: 1820

www.capitalvia.com | 16
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead HINDALCO

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDALCO 177.72 171.38 164.77 158.43 151.82

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MADE THE TREND LINE BREAKOUT IN UPSIDE AND ALSO MADE THE GOOD CLOSING TODAY. STOCK MIGHT
CONTINUE THIS RALLY AND COULD HIT THE LEVEL OF 178 TO 180 IN SHORT TERM.

RESISTANCE: 170.70 SUPPORT: 158.30

www.capitalvia.com | 17
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead HUL

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDUNILVR 253.8 236.6 227.5 210.3 201.2

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK DID OUT TARGET OF 220 WHICH WE HAD MENTIONED IN OUR PREVIOUS REPORTS. NOW IN STOCK THE NEXT
TARGET COULD BE 200 TO 205. LOOKING TO CONTINUE THIS DOWN TREND FOR SOME MORE TIME.

RESISTANCE: 228 SUPPORT: 218

www.capitalvia.com | 18
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead HDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

HOUS DEV FIN 2808.57 2762.13 2673.57 2627.13 2538.57

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK WITNESSED PROFIT BOOKING TODAY AND LOOKING TO CONTINUE THIS SAME TREND FOR TOMORROW AS WELL.
THE STOCK COULD GET THE SHORT TERM SUPPORT AT THE LEVEL OF 2615 TO 2620.

RESISTANCE: 2804 SUPPORT: 2620

www.capitalvia.com | 19
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead ICICI BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

ICICI BANK 962.48 949.57 928.98 916.07 895.48

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING IN THE CONGESTION RANGE OF 935 TO 960. ABOVE THIS RANGE WE COULD EXPECT THE LEVEL OF
975 TO 980 IN STOCK. AND IF IT SUSTAINS THESE HIGH LEVELS ALSO WE MIGHT SEE THE LEVEL OF 1000 IN STOCK.

RESISTANCE: 980 SUPPORT: 908

www.capitalvia.com | 20
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead IDEA CELLULAR

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDEA 64.23 62.27 61.03 59.07 57.83

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAKING THE BEARISH PATTERN IN CHARTS FROM FEW LAST TRADING SESSIONS. THE STOCK FACES THE GOOD
RESISTANCE CLOSE TO THE LEVEL OF 65 TO 66.

RESISTANCE: 63.00 SUPPORT: 58.60

www.capitalvia.com | 21
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead IDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDFC 172.83 169.62 164.18 160.97 155.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MIGHT WITNESS THE RANGE BOUND MOVEMENT FRO SOME MORE TIME. ABOVE 170 WE COULD EXEPCT THE
LEVEL OF 176 TO 178 IN STOCK.

RESISTANCE: 170.15 SUPPORT: 158.65

www.capitalvia.com | 22
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead INFOSYS

Weekly Pivots

STOCK R2 R1 PP S1 S2

INFOSYS TECH 2751.18 2712.22 2665.03 2626.07 2578.88

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK FACES THE HUGE RESISTANCE AROUND THE LEVEL OF 2695 TO 2700. IN THE STOCK WE ARE EXPECTING THIS
SELLING PRESSURE TO BE CONTINUE MIGHT TOUCH THE LEVEL OF 2600 TO 2605 IN SHORT TERM.

RESISTANCE: 2702 SUPPORT: 2600

www.capitalvia.com | 23
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead ITC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ITC 269.68 264.07 254.78 249.17 239.88

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING CLOSE TO THE GOOD UPSIDE RESISTANCE OF 265 TO 267 LEVEL. ABOVE IT WE COULD EXPECT THE
LEVEL OF 275 IN STOCK. GOOD ONE FOR LONG SIDE.

RESISTANCE: 267 SUPPORT: 249

www.capitalvia.com | 24
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead JP ASSOCIAT

Weekly Pivots

STOCK R2 R1 PP S1 S2

JPASSOCIATEQ 155.28 150.37 146.48 141.57 137.68

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS FACING THE RESISTANCE AROUND THE RANGE OF 150 TO 152 LEVELS. ABOVE IT WE MIGHT EXPECT THE LEVEL
OF 156 TO 157 IN STOCK.

RESISTANCE: 151.40 SUPPORT: 142.65

www.capitalvia.com | 25
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead JINDAL STEEL & POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

JINDL STL&PO 728.02 702.38 681.77 656.13 635.52

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS LOOKING TO GET SOME BUYING SUPPORT AROUND THE LEVEL OF 660. NOW IN STOCK THE SHORT TERM
RESISTANCE IS SEEMS TO BE AT THE LEVEL OF 705 TO 710.

RESISTANCE: 707 SUPPORT: 661

www.capitalvia.com | 26
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead L&T

Weekly Pivots

STOCK R2 R1 PP S1 S2

LT EQ 1637.45 1601.1 1578.9 1542.55 1520.35

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IN THE PHASE OF CORRECTION AS IN THE STOCK WE HAD ALREADY MENTIONED THAT STOCK COULD TOUCH THE
LEVEL OF 1545 TO 1550. WE ARE EXPECTING THAT THIS SELLING PRESSURE COULD BE CONTINUING IN STOCK.

RESISTANCE: 1628 SUPPORT: 1529

www.capitalvia.com | 27
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead M&M

Weekly Pivots

STOCK R2 R1 PP S1 S2

MAH & MAH 1196.88 1168.87 1126.93 1098.92 1056.98

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS LOOKING TO FACES THE RESISTANCE AROUND THE LEVEL OF 1135 TO 1140. CLOSING ABOVE COULD CONFIRM
THE PRICE HIKE IN STOCK AND MIGHT RIDE TILL THE LEVEL OF 1165 TO 1170.

RESISTANCE: 1134 SUPPORT: 1085

www.capitalvia.com | 28
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead MARUTI SUZUKI

Weekly Pivots

STOCK R2 R1 PP S1 S2

MARUTI 1544.27 1503.93 1479.47 1439.13 1414.67

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE SHORT TERM SUPPORT AROUND THE LEVEL OF 1445 TO 1450 LEVEL. BELOW IT WE COULD EXPECT
MORE SELLING IN IT AND MIGHT TOUCH THE LEVEL OF 1395 TO 1400.

RESISTANCE: 1470 SUPPORT: 1390

www.capitalvia.com | 29
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead NTPC

Weekly Pivots

STOCK R2 R1 PP S1 S2

NTPC EQ 210.87 205.48 202.52 197.13 194.17

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE GOOD SUPPORT BASE AROUND THE LEVEL OF 195 TO 200. BELOW IT STOCK MIGHT BE IN SELLERS
IN GRIP AND COULD CONTINUE THIS TREND FOR SOME TIME THE DOWNSIDE TARGET COULD BE 175 TO 180.

RESISTANCE: 208 SUPPORT: 195

www.capitalvia.com | 30
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead ONGC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ONGC CORP. 1120.3 1102.5 1089.65 1071.85 1059

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS LOOKING TO HOLD THIS RANGE FOR SOME PERIOD OF TIME AND THE DOWNSIDE SUPPORT BASE IS SEEMS TO BE
AT THE LEVEL OF 1075 TO 1080 LEVEL.

RESISTANCE: 1141 SUPPORT: 1105

www.capitalvia.com | 31
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead POWER GRID CORPORATION

Weekly Pivots

STOCK R2 R1 PP S1 S2

POWERGRID 112.67 109.48 107.52 104.33 102.37

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK FACED THE RESISTANCE CLOSE TO THE LEVEL OF 115 TO 118. NOW IS BEN CORRECTION PHASE AND COULD
MAKE THE DOWNSIDE BREAKOUT. THE DOWNSIDE SUPPORT BASE IS SEEMS TO BE AT THE LEVEL OF 102 TO 105.

RESISTANCE: 110.70 SUPPORT: 104.80

www.capitalvia.com | 32
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead PNB BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

PNB 950.88 936.77 922.88 908.77 894.88

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS FORMING THE HORIZONTAL TRADING CHANNEL IN CHARTS AND CONSOLIDATING CLOSE TO THE LEVEL OF 925
TO 940 LEVELS. ABOVE IT WE MIGHT EXPECT MORE UPSIDE LEVEL OF 965 TO 970.

RESISTANCE: 942 SUPPORT: 905

www.capitalvia.com | 33
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead RANBAXY LAB

Weekly Pivots

STOCK R2 R1 PP S1 S2

RANBAXY LAB. 491.33 477.47 464.18 450.32 437.03

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE GOOD SHORT TERM SUPPORT AT THE LEVEL OF 445 TO 450. BELOW IT THE STOCK MIGHT TOUCH
THE LEVEL OF 415 TO 420 IN SHORT TERM.

RESISTANCE: 478 SUPPORT: 450

www.capitalvia.com | 34
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead REL CAP

Weekly Pivots

STOCK R2 R1 PP S1 S2

REL.CAPITAL 827.87 810.83 800.97 783.93 774.07

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE SHORT TERM SUPPORT AT THE LEVEL OF 775 TO 780. BELOW IT THE STOCK MIGHT BE CORRECTED
TILL THE LEVEL OF 745 TO 750.

RESISTANCE: 818 SUPPORT: 778

www.capitalvia.com | 35
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead RCOM

Weekly Pivots

STOCK R2 R1 PP S1 S2

RCOM 171.13 164.32 160.48 153.67 149.83

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TECHNICALLY LOOKING GOOD ONE FOR SHORT SIDE. IN THE STOCK WE MIGHT EXPECT THE LEVEL OF 148 TO
150.

RESISTANCE: 167.40 SUPPORT: 154

www.capitalvia.com | 36
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead RIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELIANCE 1059.17 1040.38 1014.22 995.43 969.27

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS FACING THE RESISTANCE AROUND THE LEVEL OF 1045 TO 1060 RANGE. IN THE STOCK ABOVE THIS RANGE WE
MIGHT SEE THE LEVEL OF 1095 TO 1100 IN SHORT TERM.

RESISTANCE: 1056 SUPPORT: 975

www.capitalvia.com | 37
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead RELIANCE INFRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELINFRA 1072.62 1036.08 1012.87 976.33 953.12

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS MAKING THE DOWNSIDE CONSOLIDATION MOVEMENT FROM FEW TRADING SESSIONS. NOW THE NEXT GOOD
SUPPORT BASE IS SEEMS TO BE AT THE LEVEL OF 945 TO 950. BELOW IT STOCK MIGHT BE IN SELLERS GRIP FOR WHILE.

RESISTANCE: 1061 SUPPORT: 950

www.capitalvia.com | 38
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead REL POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

RPOWER 149.15 144.9 142.55 138.3 135.95

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE GOOD SUPPORT BASE AT THE LEVEL OF 135 TO 136 LEVELS. GRADUALLY STOCK IS MOVING IN THE
SELLING PRESSURE ZONE. MIGHT CORRECT TILL THE LEVEL OF 128 TO 130.

RESISTANCE: 146.80 SUPPORT: 136

www.capitalvia.com | 39
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead SIEMENS

Weekly Pivots

STOCK R2 R1 PP S1 S2

SIEMENS 766.95 751.3 731.15 715.5 695.35

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HOLDING THE HIGHER LEVELS AND LOOKING TO HIT THE LEVEL OF 755 TO 760 IN SHORT TERM. LOOKING GOOD
ONE FOR LONG SIDE.

RESISTANCE: 745 SUPPORT: 724

www.capitalvia.com | 40
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead SBI

Weekly Pivots

STOCK R2 R1 PP S1 S2

STATE BANK 2153.77 2100.83 2059.57 2006.63 1965.37

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS NOT SUSTAINING AT HIGHS AND LOOKING TO MAKE ONE CORRECTION FROM HERE. WE MIGHT EXPECT THE
SHORT TERM SUPPORT FOR THE STOCK AT THE LEVEL OF 1990 TO 2000.

RESISTANCE: 2112 SUPPORT: 1973

www.capitalvia.com | 41
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead SAIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

STEEL AUTHOR 244.23 239.22 234.78 229.77 225.33

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING CLOSE TO THE LEVEL OF THE GOOD RESISTANCE ZONE FO 238 TO 240. ABOVE IT WE COULD EXPECT
THE LEVEL OF 245 TO 246 IN SHORT TERM.

RESISTANCE: 240 SUPPORT: 230

www.capitalvia.com | 42
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead STERLITE

Weekly Pivots

STOCK R2 R1 PP S1 S2

STER EQ 860.28 844.12 817.58 801.42 774.88

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE STIFF RESISTANCE ZONE OF 845 TO 870. ABOVE IT WE MIGHT SEE THE LEVEL OF 890 TO 900 IN
STOCK.

RESISTANCE: 870 SUPPORT: 791

www.capitalvia.com | 43
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead SUN PHARMA

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUN PHARMA. 1757.85 1706.7 1658.85 1607.7 1559.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK WITNESSED THE PROFIT BOOKING TODAY AND NOW LOOKING TO GET THE SUPPORT AROUND THE LEVEL OF 1595
TO 1610 LEVEL. CLOSING BELOW COULD FINISH ITS UPSIDE MOMENTUM AND COULD GET MORE CORRECTED FROM
THERE AND MIGHT TOUCH THE LEVEL OF 1545 TO 1550.

RESISTANCE: 1710 SUPPORT: 1618

www.capitalvia.com | 44
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead SUZLON

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUZLON 85.23 80.47 77.93 73.17 70.63

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IA HAVING THE BROAD TRADING RANGE OF 70 TO 82 IN STOCK. ABOVE THE 82 STOCK MIGHT TOUCH THE LEVEL
OF 88 TO 90 IN SHORT TERM.

RESISTANCE: 78.50 SUPPORT: 72.05

www.capitalvia.com | 45
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead TCS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TCS EQ 825.65 811.3 785.65 771.3 745.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING CLOSE TO THE SHORT TERM RESISTANCE ZONE OF 800 TO 810. ABOVE IT COULD FACE THE NEXT
RESISTANCE AROUND THE LEVEL OF 825 TO 830.

RESISTANCE: 829 SUPPORT: 784

www.capitalvia.com | 46
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead TATA MOTORS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAMOTORSEQ 837.2 799.05 778.95 740.8 720.7

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS LOOKING WEEK AND THE KIND OF PATTERN IT IS MAKING ON CHART CLEARLY INDICATING THAT STOCK COULD
MAKE MORE DOWNSIDE MOVES FROM HERE AND COULD TOUCH THE LEVEL OF 740 TO 745 IN SHORT TERM.

RESISTANCE: 829 SUPPORT: 740

www.capitalvia.com | 47
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead TATA POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATA POWER 1390.52 1371.38 1345.87 1326.73 1301.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE GOOD SUPPORT BASE AT THE LEVEL OF 1310 TO 1320 LEVEL. BELOW IT WE MIGHT EXPECT THE
SERIOUS SELLING PRESSURE IN STOCK.

RESISTANCE: 1425 SUPPORT: 1304

www.capitalvia.com | 48
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead TATA STEEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATASTEEL 638.25 622.9 612.65 597.3 587.05

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK FORMED THE SYMMETRIC TRIANGLE PATTERN IN DAILY CHARTS AND NOW LOOKING TO HAVE THE SHORT TERM
SUPPORT AT THE LEVEL OF 595 TO 600.

RESISTANCE: 628 SUPPORT: 596

www.capitalvia.com | 49
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead UNITECH

Weekly Pivots

STOCK R2 R1 PP S1 S2

UNITECH LTD 82.15 78.2 75.85 71.9 69.55

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS IN THE PHASE OF CORRECTION AND EXPECTING THIS CORRECTION TO BE CONTINUING IN STOCK. THE SHORT
TERM SUPPORT BASE IS AT THE LEVEL OF 68 TO 70.

RESISTANCE: 79.80 SUPPORT: 71.50

www.capitalvia.com | 50
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

Weekly Ahead WIPRO

Weekly Pivots

STOCK R2 R1 PP S1 S2

WIPRO 735.32 722.68 704.27 691.63 673.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE GOOD BASE FOUNDATION AROUND THE LEVEL OF 690 TO 700. NOW IN STOCK WE MIGHT EXPECT
THE ONE UPSIDE RALLY FROM HERE. COULD TOUCH THE LEVEL OF 735 TO 740 IN SHORT TERM.

RESISTANCE: 739 SUPPORT: 680

www.capitalvia.com | 51
Nifty50 Weekly Report
15th March to 20th Mar 2010
RESEARCH

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