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WEEKLY

NIFTY - 50

www.capitalvia.com

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

NIFTY - 50
STOCKS REPORTS
24th May 2010 to 29th May 2010
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead ABB

Weekly Pivots

STOCK R2 R1 PP S1 S2

ABB LTD. 984.57 906.13 795.57 717.13 606.57

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD EXPECT SOME UPSIDE MOVES FROM THE CURRENT LEVELS. IN THE UPSIDE THE NEXT INTRA
DAY RESISTANCE SEEMS TO BE AT THE LEVEL OF 879. CLOSING ABOVE THIS RESISTANCE MAY TAKE UP THE STOCK TILL
THE HIGHER LEVEL OF 900 IN SHORT TERM.

RESISTANCE: 879 SUPPORT: 800

www.capitalvia.com | 2
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead ACC

Weekly Pivots

STOCK R2 R1 PP S1 S2

A.C.C. 916.35 889.7 857.35 830.7 798.35

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 900. IN THE DOWNSIDE THE STOCK
MAY SLIDE TILL THE LOWER LEVELS OF 805 TO 810 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 902 SUPPORT: 825

www.capitalvia.com | 3
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead AMBUJA CEMENT

Weekly Pivots

STOCK R2 R1 PP S1 S2

AMBUJACEM 112.12 108.88 105.47 102.23 98.82

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HOLDING THE SUPPORT LEVELS OF 99 TO 100. ONE COULD EXPECT THE BOUNCE IN THIS STOCK FROM THESE
SUPPORT LEVELS. ONE COULD GO FOR BUY ON DIPS IN IT UNTIL IT MADE CLOSING BELOW 100. IN THE UPSIDE THE STOCK
MAY MOVES TILL THE HIGHER LEVELS OF 115 TO 116 IN SHORT TERM.

RESISTANCE: 112.55 SUPPORT: 102.05

www.capitalvia.com | 4
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead AXIS BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

AXISBANK 1326.05 1270.85 1221.9 1166.7 1117.75

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. STOCK IS TECHNICALLY LOOKING WEEK AND MAY WITNESS THE SOME
CORRECTION FROM THE PRESENT LEVELS. IN THE DOWNSIDE THE STOCK MAY SLIDE TILL THE LOWER LEVELS OF 1140 TO
1150 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1320 SUPPORT: 1160

www.capitalvia.com | 5
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead BHEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHEL 2398.58 2343.87 2298.28 2243.57 2197.98

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY CONTINUE THE SELLING PRESSURE AND COULD DRAG TILL THE LOWER LEVELS OF 2200 TO 2210 IN SHORT
TERM. ONE COULD ADOPT SELL ON RISE STRATEGY IN THIS STOCK.

RESISTANCE: 2353 SUPPORT: 2236

www.capitalvia.com | 6
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead BPCL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHARAT PETRO 578.87 568.83 552.97 542.93 527.07

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE MIGHT EXPECT SOME UPSIDE MOVES FROM THE CURRENT LEVELS. IN THE UPSIDE THE STOCK MAY
MOVES TILL THE HIGHER LEVELS OF 590 TO 600 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 571 SUPPORT: 531

www.capitalvia.com | 7
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead BHARTI AIRTEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHARTIARTL 283.13 274.67 263.33 254.87 243.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 300. IN THE DOWNSIDE THE STOCK
MAY SLIDE TILL THE LOWER LEVELS OF 235 TO 240 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 284.50 SUPPORT: 252.00

www.capitalvia.com | 8
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead CAIRN INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CAIRN 305.05 291.3 279.65 265.9 254.25

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 300. IN THE DOWNSIDE THE STOCK
MAY SLIDE TILL THE LOWER LEVELS OF 250 TO 255 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 293 SUPPORT: 261

www.capitalvia.com | 9
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead CIPLA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CIPLA 333.47 325.03 315.57 307.13 297.67

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT ONE COULD GO FOR BUY ON DIPS IN IT
UNTIL IT MADE CLOSING BELOW 300. IN THE UPSIDE THE STOCK MAY MOVES TILL THE HIGHER LEVELS OF 325 TO 330 IN
NEAR TERM.

RESISTANCE: 324 SUPPORT: 306

www.capitalvia.com | 10
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead DLF

Weekly Pivots

STOCK R2 R1 PP S1 S2

DLF 311.7 290.35 275.65 254.3 239.6

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY CONTINUE THIS SELLING PRESSURE FOR WHILE. ONE COULD GO FOR SELL ON RISE IN IT UNTIL IT MADE
CLOSING ABOVE 300. IN THE DOWNSIDE THE STOCK COULD SLIP TILL THE LOWER LEVEL OF 250 IN SHORT TERM FROM
THE CURRENT LEVELS.

RESISTANCE: 297 SUPPORT: 259

www.capitalvia.com | 11
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead GAIL INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

GAIL 481.58 467.67 443.08 429.17 404.58

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT ONE COULD GO FOR BUY ON DIPS IN IT.
STOCK MAY RISE TILL THE HIGHER LEVELS OF 475 TO 480 IN SHORT TERM.

RESISTANCE: 470 SUPPORT: 428

www.capitalvia.com | 12
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead HCL TECHNOLOGIES

Weekly Pivots

STOCK R2 R1 PP S1 S2
HCL
TECHNOLO 428.95 398.2 373.65 342.9 318.35

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 400. IN THE DOWNSIDE THE STOCK
COULD FALL TILL THE LOWER LEVELS OF 335 TO 340 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 378 SUPPORT: 340

www.capitalvia.com | 13
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead HDFC BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

HDFC BANK 2003.85 1915.2 1858.15 1769.5 1712.45

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE, STOCK IS LOOKING TECHNICALLY WEEK AND COULD WITNESS MORE
SELLING PRESSURE FROM THE CURRENT LEVELS. IN THE DOWNSIDE THE STOCK MAY DROP TILL THE LOWER LEVELS OF
1750 TO 1760 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1890 SUPPORT: 1753

www.capitalvia.com | 14
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead HERO HONDA

Weekly Pivots

STOCK R2 R1 PP S1 S2

HERO HONDA 1919.4 1887.2 1852.6 1820.4 1785.8

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT ONE COULD GO FOR BUY ON DIPS IN IT
UNTIL IT MADE CLOSING BELOW 1800. IN THE UPSIDE THE STOCK MAY MOVES TILL THE HIGHER LEVELS OF 1940 TO 1950
IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1948 SUPPORT: 1810

www.capitalvia.com | 15
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead HINDALCO

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDALCO 173.15 162.4 155.55 144.8 137.95

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT STOCK MAY SLIDE TILL THE LOWER
LEVELS OF 145 TO 146 IN SHORT TERM. STOCK IS LOOKING GOOD ONE FOR SHORT SIDE.

RESISTANCE: 166.30 SUPPORT: 146.40

www.capitalvia.com | 16
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead HUL

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDUNILVR 252.13 241.42 235.28 224.57 218.43

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE IN IT. STOCK IS NOT SUSTAINING AT HIGHER LEVELS AND COULD
CORRECT FROM THE CURRENT LEVELS. WE COULD EXPECT THE LOWER LEVELS OF 208 TO 210 IN SHORT TERM IN THIS
STOCK.

RESISTANCE: 246 SUPPORT: 227

www.capitalvia.com | 17
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead HDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

HOUS DEV FIN 2851.77 2780.98 2713.72 2642.93 2575.67

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT KEY RESISTANCE SEEMS TO BE AT THE LEVEL OF 2820. CLOSING ABOVE THIS LEVEL MAY CREATE
SOME BUYING STRENGTH IN THIS STOCK AND COULD CONCLUDE IN THE PRICE HIKE.

RESISTANCE: 2820 SUPPORT: 2618

www.capitalvia.com | 18
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead ICICI BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

ICICI BANK 946.6 890.7 849 793.1 751.4

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD ADOPT SELL ON RISE. STOCK MAY WITNESS SOME MORE CORRECTION FROM THE CURRENT
LEVELS AND COULD DRAG TILL THE LOWER LEVELS OF 790 TO 800 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 857 SUPPORT: 790

www.capitalvia.com | 19
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead IDEA CELLULAR

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDEA 66.8 59.35 55.2 47.75 43.6

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY SLIDE TILL THE LOWER LEVELS
OF 49 TO 50 TODAY IT REACH ALMOST CLOSE TO IT. NOW ONE COULD GO FOR SELL ON RISE FOR SOME MORE TIME
STOCK MAY SLIP TILL THE LOWER LEVELS OF 45 TO 46 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 59.50 SUPPORT: 48.00

www.capitalvia.com | 20
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead IDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDFC 170.33 160.92 154.58 145.17 138.83

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY SLIP TILL THE LOWER LEVELS
OF 145 TO 146 IN SHORT TERM. STOCK IS LOOKING GOOD ONE FOR SHORT SIDE.

RESISTANCE: 159.35 SUPPORT: 146.80

www.capitalvia.com | 21
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead INFOSYS

Weekly Pivots

STOCK R2 R1 PP S1 S2

INFOSYS TECH 2701.68 2641.72 2600.03 2540.07 2498.38

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HAVING THE SHORT TERM SUPPORT ZONE CLOSE TO THE LEVELS OF 2500 TO 2510. CLOSING BELOW THIS
SUPPORT ZONE COULD SLIP THE STOCK TILL THE LOWER LEVELS OF 2450 TO 2460 IN SHORT TERM.

RESISTANCE: 2660 SUPPORT: 2505

www.capitalvia.com | 22
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead ITC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ITC 284.83 278.07 267.53 260.77 250.23

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT STOCK MAY RISE TILL THE HIGHER
LEVELS OF 275 TO 280 IN SHORT TERM.

RESISTANCE: 274.30 SUPPORT: 257.00

www.capitalvia.com | 23
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead JP ASSOCIAT

Weekly Pivots

STOCK R2 R1 PP S1 S2

JPASSOCIATEQ 139.2 128.4 118.2 107.4 97.2

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY SLIDE TILL THE LOWER LEVELS
OF 109 TO 110, TODAY IT DID. NOW ONE NEED TO WAIT FOR SOME TIME IN THIS STOCK WE MIGHT EXPECT THE SHORT
TERM COUNTER RALLY IN IT AND COULD MOVES TILL THE LEVELS OF 125 TO 126 IN SHORT TERM FROM THE CURRENT
LEVELS.

RESISTANCE: 115 SUPPORT: 108

www.capitalvia.com | 24
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead JINDAL STEEL & POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

JINDL STL&PO 693.78 664.17 632.08 602.47 570.38

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE KEY SUPPORT SEEMS TO BE AT THE LEVEL OF 600. CLOSING BELOW THIS SUPPORT LEVEL MAY DRAG IT
TILL THE LOWER LEVELS OF 560 TO 565 IN SHORT TERM.

RESISTANCE: 661 SUPPORT: 600

www.capitalvia.com | 25
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead KOTAK MAHINDRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

KOTAK BANK 819 779 752 712 685

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 790. IN THE DOWNSIDE STOCK MAY
SLIDE TILL THE LOWER LEVELS OF 700 TO 710 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 762 SUPPORT: 723

www.capitalvia.com | 26
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead L&T

Weekly Pivots

STOCK R2 R1 PP S1 S2

LT EQ 1799.05 1703.8 1589.45 1494.2 1379.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT RESISTANCE SEEMS TO BE AT THE LEVELS OF 1680 TO 1685. CLOSING ABOVE THIS RESISTANCE
MAY TAKE UP THE STOCK TILL THE HIGHER LEVELS OF 1725 TO 1730 IN SHORT TERM.

RESISTANCE: 1684 SUPPORT: 1544

www.capitalvia.com | 27
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead M&M

Weekly Pivots

STOCK R2 R1 PP S1 S2

MAH & MAH 600.65 569.5 537.35 506.2 474.05

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS IN IT UNTIL IT MADE CLOSING BELOW 500. IN THE UPSIDE THE STOCK
MAY RISE TILL THE HIGHER LEVELS OF 580 TO 600 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 578 SUPPORT: 475

www.capitalvia.com | 28
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead MARUTI SUZUKI

Weekly Pivots

STOCK R2 R1 PP S1 S2

MARUTI 1305.92 1272.23 1221.12 1187.43 1136.32

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS WHEN STOCK WAS AROUND 1240 THAT
STOCK MAY SLIDE TILL THE LOWER LEVELS OF 1170 TO 1180 TODAY IT DID. NOW IN THE STOCK WE COULD EXPECT
SHORT TERM BOUNCE BACK.

RESISTANCE: 1300 SUPPORT: 1148

www.capitalvia.com | 29
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead NTPC

Weekly Pivots

STOCK R2 R1 PP S1 S2

NTPC EQ 212.37 204.28 199.92 191.83 187.47

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT STOCK MAY SLIDE TILL THE LOWER
LEVELS OF 189 TO 190 IN SHORT TERM. ONE COULD GO FOR SELL ON RISE IN IT.

RESISTANCE: 205.85 SUPPORT: 191.80

www.capitalvia.com | 30
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead ONGC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ONGC CORP. 1212.92 1153.83 1082.92 1023.83 952.92

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE NEXT RESISTANCE SEEMS TO BE AT THE LEVEL OF 1155. CLOSING ABOVE THIS LEVEL MAY TAKE UP THE
STOCK TILL THE HIGHER LEVEL OF 1200 IN SHORT TERM.

RESISTANCE: 1155 SUPPORT: 1034

www.capitalvia.com | 31
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead POWER GRID CORPORATION

Weekly Pivots

STOCK R2 R1 PP S1 S2

POWERGRID 108.75 106.05 103.2 100.5 97.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING IN THE DOWNSIDE RANGE BOUND MOVEMENT FROM FEW TRADING SESSIONS. ONE SHOULD WAIT
FOR THE EITHER SIDES BREAKOUT IN IT.

RESISTANCE: 105.90 SUPPORT: 100.00

www.capitalvia.com | 32
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead PNB BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

PNB 1057.93 1024.07 1001.13 967.27 944.33

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. STOCK MAY SLIDE TILL THE LOWER LEVELS OF 925 TO 930 IN SHORT
TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1057 SUPPORT: 945

www.capitalvia.com | 33
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead RANBAXY LAB

Weekly Pivots

STOCK R2 R1 PP S1 S2

RANBAXY LAB. 477.53 447.07 427.53 397.07 377.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT STOCK MAY SLIP TILL THE LOWER LEVELS
OF 405 TO 410 IN SHORT TERM, TODAY IT DID. NOW THE STOCK MAY CONTINUE THIS SELLING PRESSURE AND COULD
DROP TILL THE LOWER LEVELS OF 375 TO 380 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 446 SUPPORT: 390

www.capitalvia.com | 34
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead REL CAP

Weekly Pivots

STOCK R2 R1 PP S1 S2

REL.CAPITAL 719.98 681.07 646.08 607.17 572.18

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS IN TI UNTIL IT MADE CLOSING BELOW 600. IN THE UPSIDE THE STOCK
MAY MOVES TILL THE HIGHER LEVELS OF 675 TO 680 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 685 SUPPORT: 598

www.capitalvia.com | 35
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead RCOM

Weekly Pivots

STOCK R2 R1 PP S1 S2

RCOM 151.42 142.33 136.92 127.83 122.42

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT STOCK MAY SLIDE TILL THE LOWER
LEVELS OF 129 TO 130 IN SHORT TERM. ONE COULD GO FOR SELL ON RISE IN IT.

RESISTANCE: 141.90 SUPPORT: 131.10

www.capitalvia.com | 36
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead RIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

REL.CAPITAL 719.98 681.07 646.08 607.17 572.18

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE IN IT. STOCK MAY WITNESS MORE CORRECTION FROM THE CURRENT
LEVELS AND COULD SLIP TILL THE LOWER LEVELS OF 955 TO 960 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1035 SUPPORT: 954

www.capitalvia.com | 37
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead RELIANCE INFRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELINFRA 1049.7 1019.4 986.7 956.4 923.7

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE COULD EXPECT MORE CORRECTION FROM THE CURRENT LEVELS. IN THE DOWNSIDE THE STOCK MAY
GET THE NEXT SUPPORT CLOSE TO THE LEVELS OF 950 TO 951. CLOSING BELOW THIS SUPPORT RANGE COULD DROP THE
STOCK TILL THE LOWER LEVELS OF 900 TO 910 IN SHORT TERM.

RESISTANCE: 1041 SUPPORT: 951

www.capitalvia.com | 38
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead REL POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

RPOWER 150.85 144.8 138.9 132.85 126.95

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MAY CONTINUE THE DOWNSIDE RANGE BOUND MOVEMENT FOR A WHILE. ONE COULD GO FOR SELL ON RISE IN
IT FOR TRADING PURPOSE.

RESISTANCE: 144.95 SUPPORT: 131.85

www.capitalvia.com | 39
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead SIEMENS

Weekly Pivots

STOCK R2 R1 PP S1 S2

SIE MENS 735.05 697.9 675.8 638.65 616.55

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
UNTIL IT MADE CLOSING ABOVE 700.

RESISTANCE: 712 SUPPORT: 636

www.capitalvia.com | 40
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead SBI

Weekly Pivots

STOCK R2 R1 PP S1 S2

STATE BANK 2393.5 2332.35 2236.85 2175.7 2080.2

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HOLDING THE SUPPORT LEVELS OF 2190 TO 2200 FROM SOME TIME. ONE OULD EXPECT SOME BOUNCE IN IT
FROM THE CURRENT LEVELS.

RESISTANCE: 2349 SUPPORT: 2147

www.capitalvia.com | 41
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead SAIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

STEEL AUTHOR 221.82 212.38 203.57 194.13 185.32

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS. STOCK IS BEEN HIGHLY OVERSOLD AND COULD MAKE SHORT TERM
BOUNCE FROM IT. ONE COULD EXPECT THE LEVELS OF 208 TO 210 LEVELS IN THIS COUNTER RALLY.

RESISTANCE: 207.65 SUPPORT: 192.50

www.capitalvia.com | 42
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead STERLITE

Weekly Pivots

STOCK R2 R1 PP S1 S2

STER EQ 743.02 692.33 657.17 606.48 571.32

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD CONTINUE TO GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 700. IN THE DOWNSIDE
THE STOCK MAY SLIP TILL THE LOWER LEVELS OF 590 TO 600 IN SHORT TERM.

RESISTANCE: 687 SUPPORT: 600

www.capitalvia.com | 43
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead SUN PHARMA

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUN PHARMA. 1628.65 1587.3 1553.65 1512.3 1478.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR BUY ON DIPS IN IT UNTIL IT MADE CLOSING BELOW 1500. IN THIS STOCK MAY MOVES
TILL THE HIGHER LEVELS OF 1640 TO 1650 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 1633 SUPPORT: 1511

www.capitalvia.com | 44
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead SUZLON

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUZLON 69.4 64.05 60.25 54.9 51.1

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TECHNICALLY LOOKING WEEK AND COULD WITNESS SOME MORE CORRECTION FROM THE CURRENT LEVELS.
STOCK MAY SLIDE TILL THE LOWER LEVELS OF 49 TO 50 IN SHORT TERM.

RESISTANCE: 63.50 SUPPORT: 53.80

www.capitalvia.com | 45
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead TCS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TCS EQ 816 767.35 726.3 677.65 636.6

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS THAT STOCK MAY SLIP TILL THE LOWER LEVELS
OF 700 TO 710 IN SHORT TERM, TODAY IT DID. NOW THE STOCK MAY MAKE SOME BOUNCE FROM THE LOWER LEVELS.

RESISTANCE: 746 SUPPORT: 685

www.capitalvia.com | 46
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead TATA MOTORS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAMOTORSEQ 861.62 785.73 731.12 655.23 600.62

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE 750. IN THE DOWNSIDE THE STOCK
MAY SLIP TILL THE LOWER LEVELS OF 675 TO 680 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 732 SUPPORT: 661

www.capitalvia.com | 47
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead TATA POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATA POWER 1360.52 1310.03 1281.52 1231.03 1202.52

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY SLIDE TILL THE LOWER LEVELS
OF 1250 TO 1260 TODAY IT DID. NOW IN THIS STOCK ONE COULD GO FOR SELL ON RISE UNTIL IT MADE CLOSING ABOVE
1300. IN THE DOWNSIDE THE STOCK MAY SLIDE TILL THE LOWER LEVELS OF 1190 TO 1200 IN SHORT TERM FROM THE
CURRENT LEVELS.

RESISTANCE: 1332 SUPPORT: 1196

www.capitalvia.com | 48
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead TATA STEEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATASTEEL 566.62 537.93 512.62 483.93 458.62

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD EXPECT SOME KIND OF SHORT TERM BOUNCE BACK. ONE COULD GO FOR BUY ON DIPS IN IT
UNTIL IT MADE CLOSING BELOW 490. IN THIS SHORT TERM BOUNCE BACK STOCK MAY RISE TILL THE HIGHER LEVELS OF
525 TO 530 IN SHORT TERM.

RESISTANCE: 540 SUPPORT: 458

www.capitalvia.com | 49
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead UNITECH

Weekly Pivots

STOCK R2 R1 PP S1 S2

UNITECH LTD 84.63 76.82 69.53 61.72 54.43

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY SLIP TILL THE LOWER LEVELS
OF 65 TO 66 IN SHORT TERM TODAY IT DID. NOW THE STOCK COULD CONTINUE THIS SELLING PRESSURE AND COULD SLIP
TILL THE LOWER LEVELS OF 59 TO 60 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 72.85 SUPPORT: 61.40

www.capitalvia.com | 50
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

Weekly Ahead WIPRO

Weekly Pivots

STOCK R2 R1 PP S1 S2

WIPRO 683.9 662.8 644.6 623.5 605.3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE COULD GO FOR SELL ON RISE. STOCK IS NOT SUSTAINING AT HIGHER LEVELS AND COULD WITNESS
SOME MORE CORRECTION FROM THE CURRENT LEVELS. IN THE DOWNSIDE THE STOCK COULD SLIP TILL THE LOWER
LEVELS OF 600 TO 610 IN SHORT TERM FROM THE CURRENT LEVELS.

RESISTANCE: 665 SUPPORT: 610

www.capitalvia.com | 51
Nifty50 Weekly Report
24th May to 29th May 2010
RESEARCH

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