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

WEEKLY

STOCKS REPORTS
01st NOV - 06th NOV 2010
www.capitalvia.com
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
ACC

ACC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ACC 1004.95 995.15 983.2 973.4 961.45

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock consolidated throughout this week. We have already mentioned for this stock that
one could go for buying on dips and hold the long positions in this stock until it crosses 960 RESISTANCE 1042
in downside. The stock is expected to move till the levels 1030-1040 in near term. SUPPORT 960

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
AMBHUJA CEMENT

AMBHUJA CEMENT
Weekly Pivots

STOCK R2 R1 PP S1 S2
AMBUJACEM 145.37 142.73 139.87 137.23 134.37

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is moving in a range from last many trading sessions. One could go for buying on
dips in this stock until it crosses level of 133 in downside. It faces resistance at 147, crossing RESISTANCE 147
of which may take up the stock till the levels of 155-160 in near run. SUPPORT 133

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
AXIS

AXIS
Weekly Pivots

STOCK R2 R1 PP S1 S2
AXISBANK 1513.65 1492.35 1461.7 1440.4 1409.75

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock moved in a range throughout this week. It faces resistance at 1515 and support at
1420, one has to wait for crossing of levels on either side before taking any position in it. RESISTANCE 1550
SUPPORT 1420

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
BAJAJ AUTO

BAJAJ AUTO
Weekly Pivots

STOCK R2 R1 PP S1 S2
BAJAJ-AUTO 1550.88 1530.92 1505.03 1485.07 1459.18

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is consolidating with negative biasness from many trading sessions; it faces
support at 1460, crossing of which may bring some more downward movement in the RESISTANCE 1540
stock. One could go for sell on rise in this stock until it crosses the level of 1540 in upside. SUPPORT 1460

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
BHEL

BHEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BHEL 2520.52 2483.03 2457.52 2420.03 2394.52

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is moving in a down trend from last many trading sessions.we have already
mentioned about the stock that one may go for sell on rise strategy and hold the short RESISTANCE 2550
positions in this stock as it is expected to move till the levels of 2420-2400 in near run. SUPPORT 2420

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
BPCL

BPCL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BPCL 753.48 741.77 727.28 715.57 701.08

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock was able to cross its important resistance level this week. One could go for buying
on dip strategy in this stock as it is expected to move till the levels of 755-760 in near term. RESISTANCE 765
SUPPORT 670

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
BHARTI AIRTEL

BHARTI AIRTEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BHARTIARTL 337.25 331.45 325.9 320.1 314.55

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock moved with negative biasness throughout this week. As we have mentioned
earlier also, that one could go for sell on rise in it until the stock crosses the level of 352 in RESISTANCE 352
upside. It now faces support at 314, crossing of which may take the stock further down. SUPPORT 314

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
CIPLA

CIPLA
Weekly Pivots

STOCK R2 R1 PP S1 S2
CIPLA 364.48 358.72 350.18 344.42 335.88

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is moving in bullish trend. It now faces resistance at 364; crossing of this level may
bring upward movement and may take the stock till the levels of 375-380 in near term. One RESISTANCE 364
could go for buying on dip strategy in this stock. SUPPORT 330

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
CAIRN

CAIRN
Weekly Pivots

STOCK R2 R1 PP S1 S2
CAIRN 336.73 328.82 323.83 315.92 310.93

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock was able to cross its support level this week. For this stock one could go for sell on
rise strategy, until it crosses level of 356 in upside. It is expected to move till the levels of 315- RESISTANCE 356
310 in downside. SUPPORT 315

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
DLF

DLF
Weekly Pivots

STOCK R2 R1 PP S1 S2
DLF 375.57 363.13 352.27 339.83 328.97

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock crossed support level and was able to reach our mentioned levels of 345 this week.
It now faces support at 337, crossing of which may bring some more downward movement RESISTANCE 375
in the stock. SUPPORT 337

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
DR REDDY

DR REDDY
Weekly Pivots

STOCK R2 R1 PP S1 S2
DRREDDY 1684.6 1672.1 1661.5 1649 1638.4

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Dr.Reddy has bullish trend. The stock made a new 52 weeks high of 1674 in the today`s
session the stock is looking good and above the immediate resistance level of 1675. The RESISTANCE 1675
stock may continue the uptrend in the coming time. SUPPORT 1620

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
GAIL INDIA

DR REDDY
Weekly Pivots

STOCK R2 R1 PP S1 S2
GAIL 502.85 497.2 491.2 485.55 479.55

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Gail India is in consolidation state. The stock has crucial support level of 480 above which if
the stock price sustained then upside moments may continues in the coming time. The stock RESISTANCE 500
has immediate resistance level of 500. SUPPORT 480

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
HCL

HCL
Weekly Pivots

STOCK R2 R1 PP S1 S2
HCLTECH 412.6 408.2 404.6 400.2 396.6

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
HCL made high of 456 and since then trading with the negative sentiments. The stock has
immediate support level of 400 below which if the stock sustained then some more RESISTANCE 425
correction may be seen in the stock price. SUPPORT 400

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
HDFC BANK

HDFC BANK
Weekly Pivots

STOCK R2 R1 PP S1 S2
HDFCBANK 2332.63 2306.27 2271.63 2245.27 2210.63

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
HDFC Bank rallied from the support level of 2235. The stock has immediate resistance at the
level of 2340 above which if the stock price sustained then some more upside moments may RESISTANCE 2340
be seen there. SUPPORT 2235

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
HOUSING DEVELOPMENT FINANCE

HOUSING DEVELOPMENT FINANCE


Weekly Pivots

STOCK R2 R1 PP S1 S2
HDFC 713.9 700.8 688.9 675.8 663.9

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Housing Development Finance rallied from the support level of 660. The stock has
immediate resistance at the level of 700 above which if the stock price sustained then some RESISTANCE 700
more upside moments may be seen there. The stock is looking risky below the level of 660. SUPPORT 660

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
HERO HONDA

HERO HONDA
Weekly Pivots

STOCK R2 R1 PP S1 S2
HEROHONDA 1951.38 1908.32 1876.93 1833.87 1802.48

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Hero Honda is trading flat with the positive bias. So above the level of 1940 the stock may
show some more upside moments in the coming time. The stock is looking risky below the RESISTANCE 1940
level of 1820. SUPPORT 1820

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
HINDALCO

HINDALCO
Weekly Pivots

STOCK R2 R1 PP S1 S2
HINDALCO 224.1 217.3 210.45 203.65 196.8

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Hindalco has bullish trend. The stock is now trading in the sideways trend for a while with
the positive bias so a decisive move above the level of 225 can show further upside moments RESISTANCE 225
in the coming time. SUPPORT 200

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
HUL

HUL
Weekly Pivots

STOCK R2 R1 PP S1 S2
HINDUNILVR 298.97 296.83 293.42 291.28 287.87

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
HUL is in consolidation state. The stock has crucial support level of 285 above which if the
stock price sustained then upside moments may continues in the coming time. The stock has RESISTANCE 302
immediate resistance level of 302. SUPPORT 285

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
ICICI BANK

ICICI BANK
Weekly Pivots

STOCK R2 R1 PP S1 S2
ICICIBANK 1241 1202 1138 1099 1035

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
ICICI bank has bullish trend. The stock made a new 52 weeks high of 1177 in the today`s
session the stock is looking good and above the immediate resistance level of 1180. The RESISTANCE 1180
stock may continue the uptrend in the coming time. SUPPORT 1120

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
IDFC

IDFC
Weekly Pivots

STOCK R2 R1 PP S1 S2
IDFC 207.88 203.97 199.53 195.62 191.18

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
IDFC has bullish trend. The stock is now trading in the sideways trend for a while with the
negative bias so a decisive move below the level of 195 can show further downside RESISTANCE 208
moments in the coming time. The stock if sustained above the level then a bounce back may SUPPORT 195
be seen in the stock price.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
INFOSYS TECHNOLOGIES

INFOSYS TECHNOLOGIES
Weekly Pivots

STOCK R2 R1 PP S1 S2
INFOSYSTCH 3025.23 2998.47 2971.23 2944.47 2917.23

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it was up by 0.03 %. It is now taking resistance at 3119 and
support at 2940 looking positive in the coming trading session if it manages to trade above RESISTANCE 3119
the resistance level of 3119 else it has support at 2940 below this level it would might face SUPPORT 2940
more selling pressure.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
ITC

ITC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ITC 175.8 173.5 169.6 167.3 163.4

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it closed above the 10 days and 50 days moving averages and now
it is moving sideways with high volume from this level either side of movement would be RESISTANCE 177
expected. Looking bullish in the coming trading session if it manages to trade above the SUPPORT 164
resistance level of 177. One can take long position in it at 177 else it has support level of 164
below this level it would be in a bearish trend.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
JAIPRAKASH ASSOCIATES

JAIPRAKASH ASSOCIATES
Weekly Pivots

STOCK R2 R1 PP S1 S2
JPASSOCIAT 124.65 122.45 120.5 118.3 116.35

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Jaiprakash Associates form the last few trading session moving in a downward trend, from
this level either side of movement would be expected. In today's trading session it closed RESISTANCE 131
below the 10 days and 50 days moving averages. It has resistance at 131 and support at 117. SUPPORT 117
One can take a long position in it, above 131 it would be in a bullish trend.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
JINDAL STEEL & POWER

JINDAL STEEL & POWER


Weekly Pivots

STOCK R2 R1 PP S1 S2
JINDALSTEL 711.72 704.63 692.82 685.73 673.92

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking support at the level of 675 from the last few trading session it was moving
sideways from this level either side of movement would be expected. Once it manages to RESISTANCE 727
cross the level of 727 it would be in an uptrend else it has support at 675 below this it would SUPPORT 675
might face more selling pressure.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
LARSEN AND TOUBRO

LARSEN AND TOUBRO


Weekly Pivots

STOCK R2 R1 PP S1 S2
LT 2058.47 2043.13 2021.62 2006.28 1984.77

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it manages to close above the 10 days and 50 days moving
averages. Looking bullish in the coming trading session one can go for long position in it at RESISTANCE 2050
2050 else it has support at 1985 below this level it would be in a downward trend. SUPPORT 1985

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
KOTAK MAHINDRA BANK

KOTAK MAHINDRA BANK


Weekly Pivots

STOCK R2 R1 PP S1 S2
KOTAKBANK 491.42 477.83 466.42 452.83 441.42

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it closed below the 10 days and 50 days moving averages and it
was down by 2.86 % now it is moving in a downward trend form this level either side of RESISTANCE 496
movement would be expected. One can go for short position at 454. It has resistance at 496 SUPPORT 454
and support at 454 below this level it would might face more selling pressure.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
MAHINDRA & MAHINDRA

MAHINDRA & MAHINDRA


Weekly Pivots

STOCK R2 R1 PP S1 S2
M&M 767.9 750.8 728.2 711.1 688.5

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it manages to close above the 10 day and 50 days moving
averages. Looking positive in the coming trading session if it manages to trade above the RESISTANCE 760
resistance level of 760 else it has support level at 695 below this level it would be in a SUPPORT 695
downward trend.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
MARUTI SUZUKI INDIA

MARUTI SUZUKI INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
MARUTI 1585.17 1568.38 1542.22 1525.43 1499.27

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking support at 1481 and resistance at 1585. It is now trading at 1551.60 from the last
few trading session it is moving sideways. Looking positive in the coming trading session if it RESISTANCE 1585
manages to trade above the resistance level of 1585 else below 1481 it would might face SUPPORT 1481
more selling pressure.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
NTPC

NTPC
Weekly Pivots

STOCK R2 R1 PP S1 S2
NTPC 200.17 197.73 195.97 193.53 191.77

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it was up by 0.64 % and it manages to trade below the 10 days
and 50 days moving averages and it is moving sideways from this level either side of RESISTANCE 210
movement would be expected. In order to be in an uptrend it has to trade and consolidate SUPPORT 190
above the resistance level of 210 else it has support at 190 below this level it would be
bearish.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
ONGC

ONGC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ONGC 1344.62 1324.33 1307.17 1286.88 1269.72

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Form the last few trading session it was moving in a downward trend and it now trading at
1304.05 from this level either side of movement would be expected. It has resistance at RESISTANCE 1330
1330 and support at 1280 it is now trading below the 10 days and 50 days moving averages SUPPORT 1280
looking positive in the coming trading session if it manages to trade above the resistance
level of 1330 else below 1280 it would might face more selling pressure.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
POWER GRID CORPORATION OF INDIA

POWER GRID CORPORATION OF INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
POWERGRID 102.8 101.6 100.8 99.6 98.8

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it had been weak and took support at its very strong support level at 98.50 level
in coming days if it did not break this support then it may show the signal of trend reversal, RESISTANCE 95
else it may continue it down side movement if it breaks its strong support of 98.50 till the SUPPORT 109
level of 96.50, along with it has very strong resistance at the level of 109.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
PUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK


Weekly Pivots

STOCK R2 R1 PP S1 S2
PNB 1330.33 1310.57 1287.78 1268.02 1245.23

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it could not sustain at its upside level and on Friday it break its strong support of
1288 and made low of 1265, now it has strong support at the level of 1240 if it break this RESISTANCE 1401
support and gives closing below this level then it will confirm its down ward trend else it may SUPPORT 1240
take support at this level and may show the sign of trend reversal.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
RANBAXY

RANBAXY
Weekly Pivots

STOCK R2 R1 PP S1 S2
RANBAXY 596.95 588.35 580.3 571.7 563.65

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it could not maintain its upward momentum and shown the down ward ness it
has immediate support at the level of 570, if it break this level then it will continue its RESISTANCE 660
downward movement, else it may take support at this level and buying may be seen at this SUPPORT 556
point.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE CAPITAL

RELIANCE CAPITAL
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELCAPITAL 840.63 827.27 814.63 801.27 788.63

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our previous mentioned report it could not sustain its positiveness and moved weakly,
on Friday it has given the weak closing, now it faces the support at the level of 785, until it RESISTANCE 872
gives closing below this level then confirmation of this downward trend is difficult and it may SUPPORT 803
move in range for more days.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE COMMUNICATION

RELIANCE COMMUNICATION
Weekly Pivots

STOCK R2 R1 PP S1 S2
RCOM 185.3 182.7 180.4 177.8 175.5

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it moved positively, although it could not break its very strong resistance of
188,if in this week it break this resistance level then it may continue its positive trend thus RESISTANCE 188
one may adopt in this stock” buy on dips “ strategy for the short term target of 195 till it SUPPORT 169
closes below 169.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE INDUSTRIES

RELIANCE INDUSTRIES
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELIANCE 1121.35 1108.8 1094.65 1082.1 1067.95

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our mentioned report it did not break its support if 1070 and maintain its positive
momentum as we have given the short term target of 1134,as on Friday it made high of RESISTANCE 1134
1110 one may book partial profit at existing level ,it has strong resistance at the level of 1134 SUPPORT 1070
and support at the level of 1070 .

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE INFRAUSTRUCTURE

RELIANCE INFRAUSTRUCTURE
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELINFRA 1080.63 1058.32 1041.68 1019.37 1002.73

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
On Friday it could not break it's very strong resistance of 1079 and got reversed, as per our
earlier report today it broke it strong support of 1045 and given the weak momentum now it RESISTANCE 1079
faces the support at the level of 980, if it break this support then it will confirm its down ward SUPPORT 980
trend else it may take support at existing level and may move in range in coming days.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE POWER

RELIANCE POWER
Weekly Pivots

STOCK R2 R1 PP S1 S2
RPOWER 160.08 158.57 157.18 155.67 154.28

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week also it had been sideways, once it tested its strong support of 151 and then
moved sideways .it is moving in the range of 165 and 150 thus one should wait till it crosses RESISTANCE 165
either side level. SUPPORT 147

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
SIEMENS

SIEMENS
Weekly Pivots

STOCK R2 R1 PP S1 S2
SIEMENS 833.65 825.6 814.95 806.9 796.25

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it could not sustain its resistance level of 856 and shown selling pressure now it
faces the support of 785 if it did not break its support then one may use in this stock “buy on RESISTANCE 860
dips” strategy for the short term target of 840 till it closes below 785, else it may continue its SUPPORT 785
sideways trend for few more days.

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
STERLITE

STERLITE
Weekly Pivots

STOCK R2 R1 PP S1 S2
STER 174.95 171.8 168.85 165.7 162.75

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it moved in range with negative biasness and on Friday tested support of 169
and gave the closing below this level if it sustain at its existing level then it may continue its RESISTANCE 186
downward biasness till the level of 165 along with it has immediate resistance of 180. SUPPORT 165

www.capitalvia.com 41
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
STATE BANK OF INDIA

STATE BANK OF INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
SBIN 3222.63 3186.62 3152.33 3116.32 3082.03

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it could not sustain on higher level and selling pressure has been seen in this stock,
on Friday it gave the weak closing, long term trend of this stock is bullish, but in this weak it RESISTANCE 3250
moved slightly negatively, it faces the strong support at the level of 3045 if it broke its SUPPORT 3100
support then it may take down ward trend in near future else it may give the indication of
trend reversal at that point.

www.capitalvia.com 42
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
SAIL

SAIL
Weekly Pivots

STOCK R2 R1 PP S1 S2
SAIL 205.22 199.68 196.17 190.63 187.12

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
On Friday it broke its very strong support of 206 and shown the down side movement now it
faces the support of 190 as on Friday it had fallen much thus it may take support at its RESISTANCE 231
existing level. SUPPORT 206

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
SUN PHARMACEUTICAL

SUN PHARMACEUTICAL
Weekly Pivots

STOCK R2 R1 PP S1 S2
SUNPHARMA 2150.02 2130.03 2110.02 2090.03 2070.02

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it tested the year high level and then got reverse and moved sideways ,long term
trend of this stock is bullish it faces the resistance of 2165 if it crosses this level then it will RESISTANCE 2165
show positive movement in near future else it may correct till the level of 1980. SUPPORT 1980

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WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
SUZLON

SUZLON
Weekly Pivots

STOCK R2 R1 PP S1 S2
SUZLON 58.72 57.08 55.87 54.23 53.02

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it moved sideways with negative biasness and tested it support of 55 if it continue
its down aide movement then it may achieve the level of 52 in near days ,as its 50 days RESISTANCE 65
moving average level is moving below to 10 days moving below average. SUPPORT 51

www.capitalvia.com 45
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
TCS

TCS
Weekly Pivots

STOCK R2 R1 PP S1 S2
TCS 1076.97 1064.93 1047.97 1035.93 1018.97

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it moved sideways and could not succeeds cross its immediate resistance of 1080
,if in coming days it break its resistance then it may make new high ,along with it has support RESISTANCE 1100
of 1020,long term trend of this stock is bullish. SUPPORT 1020

www.capitalvia.com 46
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
TATA MOTOR

TATA MOTOR
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATAMOTORS 1221.2 1190.1 1165.6 1134.5 1110

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it could not sustain at higher side and got reversed, long term trend of this stock is
bullish ,it may correct till the level of 1060 in near future and then again it may take positive RESISTANCE 1250
momentum thus one should wait till it take support at 1086 level . SUPPORT 1060

www.capitalvia.com 47
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
TATA STEEL

TATA STEEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATASTEEL 616.4 602.9 591.95 578.45 567.5

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our mentioned report today it broke its very strong support of 592 and given the
closing below this level ,thus one may adopt in this stock sell on higher level strategy till it RESISTANCE 575
closes above650 level for the short term target of 575. SUPPORT 635

www.capitalvia.com 48
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
TATA POWER

TATA POWER
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATAPOWER 1445.45 1421.4 1401.7 1377.65 1357.95

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it has been sideways, it is moving in the range of 1460 and 1370, not breaking
either side level thus one should wait till it crosses either side level then only it will determine RESISTANCE 1475
its direction . SUPPORT 1370

www.capitalvia.com 49
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
SESA GOA

SESA GOA
Weekly Pivots

STOCK R2 R1 PP S1 S2
SESAGOA 329.07 325.33 321.27 317.53 313.47

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it moved downward as it could not sustain at higher level, now it faces the strong
support at the level of 308 at this point it will be making triple bottom if it break its support RESISTANCE 365
then it will confirm its down trend otherwise sufficient buying may be seen at this level along SUPPORT 308
with it has resistance at the level of 365.

www.capitalvia.com 50
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

WEEK AHEAD
WIPRO

WIPRO
Weekly Pivots

STOCK R2 R1 PP S1 S2
WIPRO 436.58 428.17 421.58 413.17 406.58

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it moved down ward, and on Friday it broke its very strong support of 420 and
gave the closing below this level thus it is expected that it will continue its trend till the level RESISTANCE 500
of 403 till it closes above 445. SUPPORT 403

www.capitalvia.com 51
WEEKLY
01st Nov to 06th Nov 2010
RESEARCH

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