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

WEEKLY

STOCKS REPORTS
07th Feb - 11th Feb 2011
www.capitalvia.com
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
ACC

ACC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ACC 1015.5 995.1 978.55 958.15 941.6

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock moved in a sideways trend throughout this week in a range. The stock faces
resistance at 1007, crossing of this level may take the stock further upward till the levels of RESISTANCE 1007
1020-1030, while it has support at 949; breach of this level may take the stock down till the SUPPORT 949
levels of 940-930. One has to wait for crossing of levels on either side before taking any
positions in it.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
AMBUJA CEMENT

AMBHUJA CEMENT
Weekly Pivots

STOCK R2 R1 PP S1 S2
AMBUJACEM 129.17 124.88 122.22 117.93 115.27

Technical Picture

Figure: 2 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had an either side movement this week. If it manages to cross its resistance level of
127, it may continue its uptrend else it has support at 118, breach of this may take the stock RESISTANCE 127
downward. SUPPORT 118

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
AXIS

AXIS
Weekly Pivots

STOCK R2 R1 PP S1 S2
AXISBANK 1290.47 1256.53 1234.37 1200.43 1178.27

Technical Picture

Figure: 3 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is currently consolidating. It has next support at 1215; breach of this level may
continue the bearish trend for the stock while it faces resistance at 1267, crossing of this RESISTANCE 1267
level may take up the stock. One has to wait for crossing of levels on either side. SUPPORT 1215

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
BAJAJ AUTO

BAJAJ AUTO
Weekly Pivots

STOCK R2 R1 PP S1 S2
BAJAJ-AUTO 1267.6 1247.2 1229.6 1209.2 1191.6

Technical Picture

Figure: 4 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock moved in a bearish trend this week. . It has resistance at 1270; crossing of this level
may take the stock further up while it has support at 1200, breach of which may take the RESISTANCE 1270
stock further down. One has to wait for crossing of levels on either side before taking any SUPPORT 1200
position.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
BHEL

BHEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BHEL 2241.77 2214.73 2192.67 2165.63 2143.57

Technical Picture

Figure: 5 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had an either side movement this week. It has next support at 2100; breach of this
level may take the stock further southward while resistance at 2270. One has to wait for RESISTANCE 2270
crossing of levels on either side. SUPPORT 2100

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
BPCL

BPCL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BPCL 616.08 602.27 593.68 579.87 571.28

Technical Picture

Figure: 6 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock has successfully taken resistance at higher levels and moved in a down rally and is
consolidating near support levels from last a few trading sessions. It has next support at 565, RESISTANCE 620
breach of this level may continue its bearish trend else it may also bounce back from lower SUPPORT 565
support levels.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
BHARTI AIRTEL

BHARTI AIRTEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BHARTIART L 348.5 340.5 335.5 327.5 322.5

Technical Picture

Figure: 7 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had successfully taken support at lower levels and had a bounce back this week. It
has next resistance at 345, crossing of which may take the stock further up. A short term RESISTANCE 345
correction is expected in the stock. SUPPORT 320

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
CIPLA

CIPLA
Weekly Pivots

STOCK R2 R1 PP S1 S2
CIPLA 332.63 328.47 325.23 321.07 317.83

Technical Picture

Figure: 8 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock consolidated throughout this week with negative biasness. It managed to breach
its major support level of 335 last week, it now has major support at 322, breach of this may RESISTANCE 335
continue the bearish trend for the stock else it may get bounce back from its lower support SUPPORT 322
levels.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
CAIRN

CAIRN
Weekly Pivots

STOCK R2 R1 PP S1 S2
CAIRN 339.47 331.13 325.62 317.28 311.77

Technical Picture

Figure: 9 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is facing a range bound movement from last many trading sessions. It has major
support at 318.50, breach of this level may take the stock down till the levels of 313-310 else RESISTANCE 337
it may also bounce back from lower support levels. SUPPORT 318.50

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
DLF

DLF
Weekly Pivots

STOCK R2 R1 PP S1 S2
DLF 249.1 243.1 238.7 232.7 228.3

Technical Picture

Figure: 10 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had a steep pull back from lower levels in and moved in an up rally this week. Now
a short term correction is expected in the stock after a continuous up rally. One could go for RESISTANCE 256
buying on dip strategy in this stock. SUPPORT 210

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
DR REDDY

DR REDDY
Weekly Pivots

STOCK R2 R1 PP S1 S2
DRREDDY 1633.63 1607.27 1589.63 1563.27 1545.63

Technical Picture

Figure: 11 : Nifty50 Graph

TECHNICAL OVERVIEW
Dr.Reddy is trading in sideways trend with the negative bias. The stock is looking weak and
below the support level some more downside can be seen in it. RESISTANCE 1620
SUPPORT 1565

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
GAIL INDIA

DR REDDY
Weekly Pivots

STOCK R2 R1 PP S1 S2
GAIL 473.38 463.22 456.73 446.57 440.08

Technical Picture

Figure: 12 : Nifty50 Graph

TECHNICAL OVERVIEW
GAIL India has long term bearish trend. The stock is now trading in sideways trend with the
negative bias. A decisive breakout below the support level may show some more downside RESISTANCE 467
in the coming time. SUPPORT 445

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
HCL

HCL
Weekly Pivots

STOCK R2 R1 PP S1 S2
HCLTECH 497.45 488.9 483.45 474.9 469.45

Technical Picture

Figure: 13 : Nifty50 Graph

TECHNICAL OVERVIEW
HCL is holding support of 475 from the last few trading sessions. So if the stock continues to
sustain above the level then some upside movements can be seen in it. The stock is looking RESISTANCE 495
risky below the support level and it may show some correction in the coming time. SUPPORT 475

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
HDFC BANK

HDFC BANK
Weekly Pivots

STOCK R2 R1 PP S1 S2
HDFCBANK 2115.92 2066.83 2035.92 1986.83 1955.92

Technical Picture

Figure: 14 : Nifty50 Graph

TECHNICAL OVERVIEW
HDFC Bank is consolidating at the level of 2000 from the last few trading sessions. So this
will be the crucial support level moving forward for the stock. The stock is looking risky RESISTANCE 2090
below the support level and it may show some correction in the coming time. SUPPORT 2000

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
HOUSING DEVELOPMENT FINANCE

HOUSING DEVELOPMENT FINANCE


Weekly Pivots

STOCK R2 R1 PP S1 S2
HDFC 645.18 624.67 612.38 591.87 579.58

Technical Picture

Figure: 15 : Nifty50 Graph

TECHNICAL OVERVIEW
Housing Development Finance has continued to trade in bearish trend. The stock is looking
weak and below the support level of 590 the downside momentum may continue in the RESISTANCE 635
coming time. SUPPORT 590

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
HERO HONDA

HERO HONDA
Weekly Pivots

STOCK R2 R1 PP S1 S2
HEROHONDA 1612.77 1574.98 1546.22 1508.43 1479.67

Technical Picture

Figure: 16 : Nifty50 Graph

TECHNICAL OVERVIEW
Hero Honda has long term bearish trend. The stock is trading with the negative bias and
holding support at 1500 in the short run. So below the support level the downside RESISTANCE 1590
momentum may continue. SUPPORT 1500

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
HINDALCO

HINDALCO
Weekly Pivots

STOCK R2 R1 PP S1 S2
HINDALCO 257.48 247.02 240.78 230.32 224.08

Technical Picture

Figure: 17 : Nifty50 Graph

TECHNICAL OVERVIEW
Hindalco has sharp correction rally in the today's session and closed near the day's low. So
the stock is looking weak and below the support level of 234 some more correction can be RESISTANCE 241
seen in it. SUPPORT 234

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
HUL

HUL
Weekly Pivots

STOCK R2 R1 PP S1 S2
HINDUNILVR 282.52 277.73 274.62 269.83 266.72

Technical Picture

Figure: 18 : Nifty50 Graph

TECHNICAL OVERVIEW
HUL is showing sharp downside rally from the resistance level of 283. The stock is trading
with the negative bias and closed near the day low. So below the support level of 267 some RESISTANCE 280
more downside can be seen in it. SUPPORT 267

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
ICICI BANK

ICICI BANK
Weekly Pivots

STOCK R2 R1 PP S1 S2
ICICIBANK 1051.53 1023.77 1006.98 979.22 962.43

Technical Picture

Figure: 19 : Nifty50 Graph

TECHNICAL OVERVIEW
ICICI Bank is holding support of 990 from the last few trading sessions. The stock is looking
weak and below it some more correction can be seen in it. RESISTANCE 1040
SUPPORT 990

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
IDFC

IDFC
Weekly Pivots

STOCK R2 R1 PP S1 S2
IDFC 146.98 142.47 139.63 135.12 132.28

Technical Picture

Figure: 20 : Nifty50 Graph

TECHNICAL OVERVIEW
IDFC has made new 52 weeks low in the today's session and has weak closing too. So the
stock is looking weak and below the support level it may further continue the downside RESISTANCE 144
movement in the coming time. SUPPORT 135

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
INFOSYS TECHNOLOGIES

INFOSYS TECHNOLOGIES
Weekly Pivots

STOCK R2 R1 PP S1 S2
INFOSYSTCH 3163.3 3105.6 3066 3008.3 2968.7

Technical Picture

Figure: 21 : Nifty50 Graph

TECHNICAL OVERVIEW
Infosys in today's trading session was moving in a downward trend and it was down by 2.24
%. It is now taking support at 3005 and resistance at 3164 form this level further downside RESISTANCE 3164
movement would be expected. It is taking resistance at 3164 above this level it would be in a SUPPORT 3005
bullish trend else below 3005 it would be in a bearish trend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
ITC

ITC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ITC 164.2 158.6 155.15 149.55 146.1

Technical Picture

Figure: 22 : Nifty50 Graph

TECHNICAL OVERVIEW
ITC in today's trading session manages to trade below the 10 days and 50 days moving
averages it was down by 4.05 %. In order to be in an uptrend it has to trade and consolidate RESISTANCE 162
above the 10 days and 50 days moving averages. It has support at 151 below this level it SUPPORT 151
would be in a bearish trend else above 162 it would be in an upward trend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
JAIPRAKASH ASSOCIATES

JAIPRAKASH ASSOCIATES
Weekly Pivots

STOCK R2 R1 PP S1 S2
JPASSOCIAT 89.6 86.6 84.85 81.85 80.1

Technical Picture

Figure: 23 : Nifty50 Graph

TECHNICAL OVERVIEW
Jaiprakash Associates from the last two trading session was moving in an upward trend and
in today's trading session it was down by 2.68 % from this level further downside movement RESISTANCE 90
would be expected. It is looking bearish in the coming trading session if it manages to trade SUPPORT 79
below the support level of 79 else it has resistance at 90 above this level it would be in a
bullish trend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
JINDAL STEEL & POWER

JINDAL STEEL & POWER


Weekly Pivots

STOCK R2 R1 PP S1 S2
JINDALSTEL 675.27 655.98 643.62 624.33 611.97

Technical Picture

Figure: 24 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking support at the level of 628 from the last few trading session it was moving
sideways in today's trading session it was down by 2.02 % form this level further downside RESISTANCE 675
movement would be expected. One can go for short position in it at 628 below this level it SUPPORT 628
would be bearish in trend else above 675 it would might be in a bullish.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
LARSEN AND TOUBRO

LARSEN AND TOUBRO


Weekly Pivots

STOCK R2 R1 PP S1 S2
LT 1663.35 1616.7 1587.35 1540.7 1511.35

Technical Picture

Figure: 25 : Nifty50 Graph

TECHNICAL OVERVIEW
L&T from the last few trading session was moving in a downward trend it is now trading at
1570.05. It is looking bullish in the coming trading session if it manages to trade and RESISTANCE 1640
consolidate above the resistance level of 1640 else below 1555 it would be in a bearish SUPPORT 1555
trend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
KOTAK MAHINDRA BANK

KOTAK MAHINDRA BANK


Weekly Pivots

STOCK R2 R1 PP S1 S2
KOTAKBANK 390.35 375.05 365.7 350.4 341.05

Technical Picture

Figure: 26 : Nifty50 Graph

TECHNICAL OVERVIEW
Kotak Mahindra Bank from the last few trading session manages to trade below the 10 days
and 50 days moving averages. It is now taking support at 354 and resistance at 382. In order RESISTANCE 382
to be in an uptrend it has to trade and consolidate above the 10 days and 50 days moving SUPPORT 354
averages. One can go for short position in it at 354 below this level it would be in a bearish
trend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
MAHINDRA & MAHINDRA

MAHINDRA & MAHINDRA


Weekly Pivots

STOCK R2 R1 PP S1 S2
M&M 721.17 695.33 678.17 652.33 635.17

Technical Picture

Figure: 27 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking support at 658 and resistance at 720, from the last few trading session it manages
to trade below the 10 days and 50 days moving averages and it was up by 0.73 %. It is RESISTANCE 720
looking bearish in the coming trading session one can go for short position in it at 658 else SUPPORT 658
above 720 it would be in a bullish trend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
MARUTI SUZUKI INDIA

MARUTI SUZUKI INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
MARUTI 1258.85 1220.9 1198.45 1160.5 1138.05

Technical Picture

Figure: 28 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking support at 1150 and resistance at 1250 from this level further upside movement
would be expected. In order to be in an uptrend it has to trade and consolidate above the 10 RESISTANCE 1250
days and 50 days moving averages. One can go for short position in it at 1150 below this SUPPORT 1150
level it would be in a downward trend else it has resistance at 1250 above this level it would
be in an upward trend

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
NTPC

NTPC
Weekly Pivots

STOCK R2 R1 PP S1 S2
NTPC 184.42 180.68 177.97 174.23 171.52

Technical Picture

Figure: 29 : Nifty50 Graph

TECHNICAL OVERVIEW
NTPC in today's trading session manages to trade below the 10 days and 50 days moving
averages, it was down by 2.93 %. It is looking bearish in the coming trading session if it RESISTANCE 183
manages to trade below the support level of 175 else above 183 it would be bullish in trend. SUPPORT 175

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
ONGC

ONGC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ONG C 1250.1 1220.9 1203.95 1174.75 1157.8

Technical Picture

Figure: 30 : Nifty50 Graph

TECHNICAL OVERVIEW
ONGC is looking weak on charts it is taking resistance at 1150 and support at 1102. In
today's trading session it manages to trade below the 10 days and 50 days moving averages RESISTANCE 1150
from this level either side of movement would be expected. It is looking bearish in the SUPPORT 1102
coming trading session if it manages to trade below the support level of 1102 else above
1150 it would be bullish.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
POWER GRID CORPORATION OF INDIA

POWER GRID CORPORATION OF INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
POWERGRID 101.27 99.28 98.22 96.23 95.17

Technical Picture

Figure: 31 : Nifty50 Graph

TECHNICAL OVERVIEW
ONGC is looking strong on charts it is taking resistance at 1234 and support at 1171 from
this level further upside movement would be expected. It is looking bullish in the coming RESISTANCE 1234
trading session if it manages to trade above the resistance level of 1234 else below 1171 it SUPPORT 1171
might face more selling pressure.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
PUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK


Weekly Pivots

STOCK R2 R1 PP S1 S2
PNB 1125.38 1092.32 1071.68 1038.62 1017.98

Technical Picture

Figure: 32 : Nifty50 Graph

TECHNICAL OVERVIEW
PNB from the last few trading session was moving in a downward trend in today's trading
session it manages to trade below the 10 days and 50 days moving averages. It is taking RESISTANCE 1117
support at 1072 and resistance at 1095. It is looking bearish in the coming trading session if SUPPORT 1045
it manages to trade below the support level of 1045 else above 1117 it would be bullish.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
RANBAXY

RANBAXY
Weekly Pivots

STOCK R2 R1 PP S1 S2
RANBAXY 551.48 538.07 529.58 516.17 507.68

Technical Picture

Figure: 33 : Nifty50 Graph

TECHNICAL OVERVIEW
Ranbaxy after making a high of 611.70 it is continuously moving in a downward trend in
today's trading session it was down by 2.37%. It is now taking support at 548 and resistance RESISTANCE 548
at 520 forms this level further either side of movement would be expected. One can go for SUPPORT 520
short position in it at 548 below this level it would be in a downtrend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
RELIANCE CAPITAL

RELIANCE CAPITAL
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELCAPITAL 525.63 509.37 499.68 483.42 473.73

Technical Picture

Figure: 34 : Nifty50 Graph

TECHNICAL OVERVIEW
Reliance capital was down by 2.29 % in today's trading session it was closed near to the
support level of 489 above this level it would be in a bearish trend. One can go for short RESISTANCE 516
position in it at 489 else above 516 it would be in a bearish trend. SUPPORT 489

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
RELIANCE COMMUNICATION

RELIANCE COMMUNICATION
Weekly Pivots

STOCK R2 R1 PP S1 S2
RCOM 123.42 119.08 116.57 112.23 109.72

Technical Picture

Figure: 35 : Nifty50 Graph

TECHNICAL OVERVIEW
Reliance communication is looking weak on charts in today's trading session it was down by
2.84 % from this level further downside movement would be expected. In order to be in an RESISTANCE 128
uptrend it has to trade and consolidate above the 10 days and 50 days moving averages. It is SUPPORT 114
taking support at 114 below this level it would be in a bearish trend else above resistance
level of 122 it would be in an uptrend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
RELIANCE INDUSTRIES

RELIANCE INDUSTRIES
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELIANCE 961.1 940.55 926.85 906.3 892.6

Technical Picture

Figure: 36 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking resistance at 948 and support at 907 in today's trading session it manage to trade
and close below the 10 days and 50 days moving averages and it was down by 2.53 %. It is RESISTANCE 948
looking bullish in the coming trading session one can go for long position in at 948 else SUPPORT 907
below 9078 it would might be in a downward trend.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
RELIANCE INFRAUSTRUCTURE

RELIANCE INFRAUSTRUCTURE
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELINFRA 728.38 703.17 687.58 662.37 646.78

Technical Picture

Figure: 37 : Nifty50 Graph

TECHNICAL OVERVIEW
Reliance Infra is looking weak on chart in today's trading session it was down by 3.75 %
from this level downside movement would be expected. It is taking support at 654 and RESISTANCE 717
resistance at 717. Once can go for short position in it at 654 below this it would might face SUPPORT 654
more selling pressure.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
RELIANCE POWER

RELIANCE POWER
Weekly Pivots

STOCK R2 R1 PP S1 S2
RPOWER 138.8 134.05 131.05 126.3 123.3

Technical Picture

Figure: 38 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock moved in bearish trend this week and successfully took resistance in today's
trading session. It has next support at 125.50, breach of this level may continue its bearish RESISTANCE 137
trend else a bounce can also be expected. SUPPORT 125.50

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
SIEMENS

SIEMENS
Weekly Pivots

STOCK R2 R1 PP S1 S2
SIEMENS 861.83 855.17 850.13 843.47 838.43

Technical Picture

Figure: 39 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock continued to consolidate at higher levels this week after a jump of almost 18% on
the back of news of an open offer by promoters, which came earlier this week. One could RESISTANCE 900
hold the long positions in the stock as it is expected to continue its bullish trend in coming SUPPORT 828
trading sessions.

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WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
STERLITE

STERLITE
Weekly Pivots

STOCK R2 R1 PP S1 S2
STER 178.03 173.17 170.13 165.27 162.23

Technical Picture

Figure: 40 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is consolidating currently with positive biasness after sharp downfall previously. It
has resistance at 174; crossing of this level may take the stock upwards. RESISTANCE 174
SUPPORT 163

www.capitalvia.com 41
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
STATE BANK OF INDIA

STATE BANK OF INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
SBIN 2721.93 2683.87 2656.93 2618.87 2591.93

Technical Picture

Figure: 41 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock tried to take support at lower levels earlier and consolidated this week. It has
support at 2712 while resistance at 2675. One has to wait for crossing of levels on either side RESISTANCE 2712
before taking any positions in it. SUPPORT 2560

www.capitalvia.com 42
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
SAIL

SAIL
Weekly Pivots

STOCK R2 R1 PP S1 S2
SAIL 168.02 164.78 162.47 159.23 156.92

Technical Picture

Figure: 42 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock consolidated with positive biasness this week and managed to cross its resistance
level of 163. One could hold the long positions in the stock as it is expected to move till the RESISTANCE 166
levels of 166-169 in coming trading sessions. SUPPORT 153

www.capitalvia.com 43
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
SUN PHARMACEUTICAL

SUN PHARMACEUTICAL
Weekly Pivots

STOCK R2 R1 PP S1 S2
SUNPHARMA 460.65 438.6 424.8 402.75 388.95

Technical Picture

Figure: 43 : Nifty50 Graph

TECHNICAL OVERVIEW
Sun Pharma has sharp correction rally in the today's session and has weak closing too. So
below the support level it may further continue the downside momentum in the coming RESISTANCE 430
time. SUPPORT 410

www.capitalvia.com 44
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
SUZLON

SUZLON
Weekly Pivots

STOCK R2 R1 PP S1 S2
SUZLON 52.05 50.05 48.8 46.8 45.55

Technical Picture

Figure: 44 : Nifty50 Graph

TECHNICAL OVERVIEW
Suzlon is trading in sideways trend with the negative bias. The stock is looking weak and
below the support level of 48. The stock may show some more downside in the coming RESISTANCE 50
time. SUPPORT 46

www.capitalvia.com 45
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
TCS

TCS
Weekly Pivots

STOCK R2 R1 PP S1 S2
TCS 1200.23 1174.52 1157.38 1131.67 1114.53

Technical Picture

Figure: 45 : Nifty50 Graph

TECHNICAL OVERVIEW
TCS has continued to trade with the weak trend. The stock has weak closing and below the
support level of 1135 some more downside can be seen in it. RESISTANCE 1185
SUPPORT 1135

www.capitalvia.com 46
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
TATA MOTOR

TATA MOTOR
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATAMOTORS 1210.22 1180.53 1160.27 1130.58 1110.32

Technical Picture

Figure: 46 : Nifty50 Graph

TECHNICAL OVERVIEW
Tata motor has strong resistance at the level of 1210 in the short run. The stock has flat
closing in the today's session with the negative bias and below the support level some more RESISTANCE 1210
correction can be there. SUPPORT 1130

www.capitalvia.com 47
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
TATA STEEL

TATA STEEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATASTEEL 659.97 647.93 639.97 627.93 619.97

Technical Picture

Figure: 47 : Nifty50 Graph

TECHNICAL OVERVIEW
Tata steel is in consolidation state. The stock is trading in a tight range of 615-665. So for
now no positions is looking lucrative in the short run and waits for a decisive breakout in it. RESISTANCE 655
SUPPORT 625

www.capitalvia.com 48
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
TATA POWER

TATA POWER
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATAPOWER 1256.03 1220.17 1198.13 1162.27 1140.23

Technical Picture

Figure: 48 : Nifty50 Graph

TECHNICAL OVERVIEW
Tata power has made new 52 weeks low in the today's session and has weak closing too. So
the stock is looking weak and below the support level it may further continue the downside RESISTANCE 1210
movement in the coming time. SUPPORT 1175

www.capitalvia.com 49
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
SESA GOA

SESA GOA
Weekly Pivots

STOCK R2 R1 PP S1 S2
SESAG OA 337.33 328.02 322.13 312.82 306.93

Technical Picture

Figure: 49 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had either side movement this week. It has support at 310 and resistance at 335,
one has to wait for crossing of levels till then either side movement is expected in this range. RESISTANCE 335
SUPPORT 310

www.capitalvia.com 50
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

WEEK AHEAD
WIPRO

WIPRO
Weekly Pivots

STOCK R2 R1 PP S1 S2
WIPRO 450.97 443.83 436.92 429.78 422.87

Technical Picture

Figure: 50 : Nifty50 Graph

TECHNICAL OVERVIEW
Wipro has bearish trend. The stock is holding support of 420 from the last few trading
sessions. The stock is trading with the negative bias and below the support level of 420 some RESISTANCE 445
more downside can be there. SUPPORT 420

www.capitalvia.com 51
WEEKLY
07th Feb to 11th Feb 2011
RESEARCH

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