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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
13th Sep to 18th Sep 2010
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead ABB

Weekly Pivots

STOCK R2 R1 PP S1 S2

ABB 791.47 788.23 784.77 781.53 778.07

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FOR THIS STOCK WE HAVE ALREADY RECOMMENDED SELL ON RISE STRATEGY UNTIL IT CLOSES ABOVE 820. IT FACES
SUPPORT AT 770, CROSSING OF THIS LEVEL MAY TAKE DOWN THE STOCK TILL THE LEVELS OF 750 IN NEAR TERM

RESISTANCE: 820 SUPPORT: 770

www.capitalvia.com | 2
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead ACC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ACC 1000.37 990.63 980.67 970.93 960.97

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
THE STOCK ACHIEVED OUR TARGETS LAST WEEK. NOW IT FACES RESISTENCE AT 1020, CROSSING OF THIS LEVEL MAY
TAKE UP THE STOCK. ONE SHOULD NOW WAIT FOR SOME TIME AS SHORT TERM CORRECTION IS EXPECTED IN THE STOCK
AFTER CONTINUOUS UP RALLY. SO BUYING ON DIP STRATEGY WOULD BE SUITABLE FOR THIIS STOCK.

RESISTANCE: 1020 SUPPORT: 890

www.capitalvia.com | 3
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead AMBUJA CEMENT

Weekly Pivots

STOCK R2 R1 PP S1 S2

AMBUJACEM 140.43 138.47 136.53 134.57 132.63

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FOR THIS STOCK WE HAVE ALREADY RECOMMENDED BUYING ON DIP STRATEGY AS IT HOLDS THE BULLISH TREND AND IS
EXPECTED TO MOVE TILL THE LEVELS OF 142-145 IN NEAR TERM AFTER A SHORT TERM CORRECTION.

RESISTANCE: 140 SUPPORT: 123

www.capitalvia.com | 4
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead AXIS BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

AXISBANK 1404.13 1391.77 1379.53 1367.17 1354.93

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
ONE COULD GO FOR BUYING ON DIP STRATEGY IN THIS STOCK, AS MENTIONED IN OUR PREVIOUS REPORTS ALSO, UNTILL
IT CLOSES BELOW 1300. THE STOCK LOOKS GOOD FOR LONG SIDE. IN UPSIDE IT IS EXPECTED TO MOVE TILL THE LEVELS
OF 1425-1450 IN NEAR TERM.

RESISTANCE: 1400 SUPPORT: 1320

www.capitalvia.com | 5
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead BHEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHEL 2506.8 2492 2467.5 2452.7 2428.2

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
THE STOCK IS CURRENTLY CONSOLIDATING FROM LAST FEW SESSIONS. ONE HAS TO WAIT FOR CROSSING OF LEVELS ON
EITHER SIDE BEFORE TAKING ANY POSITIONS.

RESISTANCE: 2520 SUPPORT: 2415

www.capitalvia.com | 6
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead BPCL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BPCL 767.53 759.17 753.58 745.22 739.63

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
THE STOCK IS CURRENTLY CONSOLIDATING FROM LAST FEW TRADING SESSIONS ONE HAS TO WAIT FOR CROSSING OF
LEVELS ON EITHER SIDE. IT FACES SUPPORT AT 535, CROSSING OF THIS LEVEL MAY BRING SOME CORRECTION IN THE
STOCK

RESISTANCE: 800 SUPPORT: 725

www.capitalvia.com | 7
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead BHARTI AIRTEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

BHARTIARTL 362.17 356.13 351.92 345.88 341.67

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
WE HAVE ALREADY RECOMMENDED BUYING ON DIP STRATEGY FOR THIS STOCK. IT HOLDS THE BULLISH TREND AND IS
EXPECTED TO MOVE TILL THE LEVELS OF 365-367 IN NEAR TERM.

RESISTANCE: 368 SUPPORT: 325

www.capitalvia.com | 8
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead CAIRN INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CAIRN 334.7 330.5 328.1 323.9 321.5

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
THE STOCK IS CONSOLIDATING FROM LAST FEW TRADING SESSIONS WITH NEGATIVE BIASNESS. IT TODAY CROSSED OUR
MENTIONED SUPPORT AND CLOSED AT 326. IN DOWNSIDE IT MAY MOVE TILL THE LEVELS OF 320 IN NEAR TERM. SO ONE
COULD HOLD THE SHORTS IN THIS.

RESISTANCE: 355 SUPPORT: 320

www.capitalvia.com | 9
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead CIPLA

Weekly Pivots

STOCK R2 R1 PP S1 S2

CIPLA 316.4 311.45 308 303.05 299.6

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMENDED SELL ON RISE ONE MAY KEEP HOLD THE SHORT UNTIL IT CLOSE ABOVE 320
FOR THE TARGET OF 295.STOCK IS LOOKING NICE ONE FOR SHORT SIDE.

RESISTANCE: 320 SUPPORT: 300

www.capitalvia.com | 10
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead DLF

Weekly Pivots

STOCK R2 R1 PP S1 S2

DLF 326.53 324.27 321.38 319.12 316.23

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
THE STOCK IS CURRENTLY CONSOLIDATING FROM LAST FEW SESSIONS. ONE HAS TO WAIT FOR CROSSING OF LEVELS ON
EITHER SIDE BEFORE TAKING ANY POSITIONS.

RESISTANCE: 325 SUPPORT: 308

www.capitalvia.com | 11
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead GAIL INDIA

Weekly Pivots

STOCK R2 R1 PP S1 S2

GAIL 474.33 467.97 463.33 456.97 452.33

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
GAIL INDIA IS TRADING IN THE SIDEWAYS TREND WITH THE POSITIVE BIAS. THE STOCK HAS IMPORTANT RESISTANCE AT
THE LEVEL OF 477 ABOVE WHICH THE STOCK MAY CONTINUE THE UPTREND IN THE COMING TIME.

RESISTANCE: 477 SUPPORT: 455

www.capitalvia.com | 12
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead HCL TECHNOLOGIES

Weekly Pivots

STOCK R2 R1 PP S1 S2

HCLTECH 416.17 413.13 408.37 405.33 400.57

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HCL HAS CONTINUED TO TRADE IN SIDEWAYS TREND WITH THE POSITIVE BIAS. THE STOCK TO MOVE UP HAS TO CROSS
AND SUSTAINED ABOVE THE IMPORTANT RESISTANCE LEVEL OF 414 IN THE SHORT RUN.

RESISTANCE: 414 SUPPORT: 398

www.capitalvia.com | 13
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead HDFC BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

HDFCBANK 2292.88 2268.87 2225.98 2201.97 2159.08

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HDFC BANK HAS BULLISH TREND. THE STOCK HAS IMMEDIATE RESISTANCE LEVEL OF 2250 ABOVE WHICH THE STOCK
MAY CONTINUE THE UPTREND IN THE COMING TIME.

RESISTANCE: 2250 SUPPORT: 2170

www.capitalvia.com | 14
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead HERO HONDA

Weekly Pivots

STOCK R2 R1 PP S1 S2

HEROHONDA 1758.52 1745.83 1726.17 1713.48 1693.82

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HERO HONDA HAS BEARISH TREND. THE STOCK AFTER TAKING SUPPORT OF 1670 STARTS MOVING IN THE UPTREND. IT
HAS IMMEDIATE RESISTANCE AT THE LEVEL OF1750 ABOVE WHICH SOME MORE UPSIDE MAY BE SEEN IN THE STOCK. z

RESISTANCE: 1750 SUPPORT: 1685

www.capitalvia.com | 15
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead HINDALCO

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDALCO 187.53 184.97 181.33 178.77 175.13

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HINDALCO HAS BULLISH TREND. THE STOCK HAS IMMEDIATE RESISTANCE AT THE LEVEL OF 185 ABOVE WHICH THE
STOCK MAY CONTINUE THE RALLY TO THE LEVEL OF 190 IN THE SHORT RUN.

RESISTANCE: 185 SUPPORT: 177

www.capitalvia.com | 16
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead HUL

Weekly Pivots

STOCK R2 R1 PP S1 S2

HINDUNILVR 288.35 283.7 279.35 274.7 270.35

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HUL IS TRADING IN BULLISH TREND. THE STOCK HAS IMMEDIATE RESISTANCE AT THE LEVEL OF 284. SO IF THE STOCK
PRICE SUSTAINED ABOVE THE LEVEL SOME MORE UPSIDE MAY BE SEEN IN THE STOCK.

RESISTANCE: 284 SUPPORT: 274

www.capitalvia.com | 17
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead HDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

HDFC 639.08 634.52 630.08 625.52 621.08

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
HOUSING DEVELOPMENT FINANCE HAS BULLISH TREND. THE STOCK HAS IMMEDIATE RESISTANCE AT THE LEVEL OF 642
ABOVE WHICH THE STOCK MAY CONTINUE THE UPTREND TO THE LEVEL OF 660+ IN THE SHORT RUN.

RESISTANCE: 642 SUPPORT: 621

www.capitalvia.com | 18
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead ICICI BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

ICICIBANK 1067.33 1058.77 1045.43 1036.87 1023.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
ICICI BANK HAS BULLISH TREND. THE STOCK HAS GOOD RESISTANCE AT THE LEVEL OF 1055 ABOVE WHICH IF SUSTAINED
THE STOCK MAY CONTINUE THE UPTREND TO THE LEVEL OF 1100 IN THE SHORT RUN.

RESISTANCE: 1055 SUPPORT: 1024

www.capitalvia.com | 19
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead IDEA CELLULAR

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDEA 78.85 77.8 76.6 75.55 74.35

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IDEA HAS LONG TERM BULLISH TREND AND IT CONTINUED ITS TREND IN THE TODAY`S SESSION. SO ABOVE THE LEVEL OF
78 THE STOCK MAY SHOW FURTHER UPSIDE IN THE NEAR TIME.

RESISTANCE: 78 SUPPORT: 75

www.capitalvia.com | 20
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead IDFC

Weekly Pivots

STOCK R2 R1 PP S1 S2

IDFC 193.68 191.52 188.33 186.17 182.98

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IDFC IS TRADING IN BULLISH TREND. THE STOCK IS FACING IMMEDIATE RESISTANCE AT THE LEVEL OF 191 ABOVE WHICH
THE STOCK MAY CONTINUED THE UPTREND TO THE LEVEL OF 195+ IN THE SHORT RUN

RESISTANCE: 191 SUPPORT: 184

www.capitalvia.com | 21
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead INFOSYS

Weekly Pivots

STOCK R2 R1 PP S1 S2

INFOSYSTCH 2926.33 2910.67 2884.33 2868.67 2842.33

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT WAS UY BY 0.54 %. IT IS NOW TAKING RESISTANCE AT 2906 AND SUPPORT AT 2825.
LOOKING POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO TRADE ABOVE THE RESISTANCE LEVEL OF 2906
ELSE IT HAS SUPPORT AT 2825 BELOW THIS LEVEL IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 2906 SUPPORT: 2825

www.capitalvia.com | 22
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead ITC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ITC 167.32 164.83 163.12 160.63 158.92

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT TRADED BELOW THE 10 DAYS AND 50 DAYS MOVING AVERAGES WITH HIGH VOLUME
FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD BE EXPECTED. LOOKING BEARISH IN THE COMING TRADING
SESSION IF IT MANAGES TO TRADE BELOW THE SUPPORT LEVEL OF 158.50.ONE CAN TAKE SHORT POSITION IN IT ELSE IT
HAS RESISTANCE LEVEL OF 167.30 ABOVE THIS LEVEL IT WOULD BE IN A BULLISH TREND.

RESISTANCE: 167.30 SUPPORT: 158.50

www.capitalvia.com | 23
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead JP ASSOCIAT

Weekly Pivots

STOCK R2 R1 PP S1 S2

JPASSOCIAT 121.93 120.77 119.33 118.17 116.73

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
JAIPRAKASH ASSOCIATES FORM THE LAST FEW TRADING SESSION MOVING SIDEWAYS. IN TODAY'S TRADING SESSION IT
TRADED ABOVE THE 10 DAYS MOVING AVERAGES. IT HAS RESISTANCE AT 121.70 AND SUPPORT AT 112.50. ONE CAN
TAKE A LONG POSITION IN IT ABOVE 121.70 IT WOULD BE IN A BULLISH TREND.

RESISTANCE: 121.70 SUPPORT: 112.50

www.capitalvia.com | 24
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead JINDAL STEEL & POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

JINDALSTEL 725.75 720.35 714.3 708.9 702.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IT IS TAKING THE SUPPORT AT THE LEVEL OF 676.75 .IT IS NOW MOVING SIDEWAY FROM THIS LEVEL EITHER SIDE OF
MOVEMENT WOULD BE EXPECTED. ONCE IT MANAGES TO CROSS THE LEVEL OF 719.70 IT WOULD BE IN AN UPTREND
ELSE IT HAS SUPPORT AT 688.25 BELOW THIS IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 719.70 SUPPORT: 688.25

www.capitalvia.com | 25
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead KOTAK MAHINDRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

KOTAKBANK 878.53 871.57 860.53 853.57 842.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT MANAGES TO TRADE ABOVE THE 10 DAYS AND 50 DAYS MOVING AVERAGES AND IT
WAS UP BY 2.13 % NOW IT IS IN A CONSOLIDATING PHASE FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD BE
EXPECTED. ONE CAN GO FOR LONG POSITION IN IT. IT HAS RESISTANCE AT 878 AND SUPPORT AT 828.40 BELOW THIS
LEVEL IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 878 SUPPORT: 828.40

www.capitalvia.com | 26
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead L&T

Weekly Pivots

STOCK R2 R1 PP S1 S2

KOTAKBANK 878.53 871.57 860.53 853.57 842.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT MANAGES TO TRADE ABOVE THE 10 DAYS MOVING AND 50 DAYS MOVING AVERAGES.
LOOKING BULLISH IN THE COMING TRADING SESSION ONE CAN GO FOR LONG POSITION IN IT AT 1888.70 ELSE IT HAS
SUPPORT AT 1845.20 ABOVE THIS LEVEL IT WOULD BE IN AN UPTREND.

RESISTANCE: 1888.70 SUPPORT: 1845

www.capitalvia.com | 27
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead M&M

Weekly Pivots

STOCK R2 R1 PP S1 S2

M&M 670.9 663.25 650.35 642.7 629.8

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT MANAGES TO TRADE ABOVE THE 10 DAYS AND 50 DAYS MOVING AVERAGES. LOOKING
POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO TRADE ABOVE THE RESISTANCE LEVEL OF 679 ELSE IT HAS
SUPPORT LEVEL AT 638 BELOW THIS LEVEL IT WOULD BE IN A DOWNWARD TREND.

RESISTANCE: 679 SUPPORT: 638

www.capitalvia.com | 28
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead MARUTI SUZUKI

Weekly Pivots

STOCK R2 R1 PP S1 S2

MARUTI 1327.93 1321.37 1314.43 1307.87 1300.93

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IT IS TAKING SUPPORT AT 1303 AND RESISTANCE AT 1336.90. IT IS NOW TRADING AT 1314.80 FROM THE LAST FEW
TRADING SESSION IT IS MOVING SIDEWAYS. LOOKING POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO
TRADE ABOVE THE RESISTANCE LEVEL OF 1336.90 ELSE BELOW 1277 IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE: 1336.90 SUPPORT: 1277

www.capitalvia.com | 29
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead NTPC

Weekly Pivots

STOCK R2 R1 PP S1 S2

NTPC 208.12 205.38 200.77 198.03 193.42

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN TODAYS TRADING SESSION IT WAS UP BY 1.60 % AND IT MANAGES TO TRADE ABOVE THE 10 DAYS AND 50 DAYS
MOVING AVERAGES AND IT IS MOVING SIDEWAYS FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD BE EXPECTED.
IN ORDER TO BE IN AN UP TREND IT HAS TO TRADE AND CONSOLIDATE ABOVE THE RESISTANCE LEVEL OF 206 ELSE IT HAS
SUPPORT AT 196.15 BELOW THIS LEVEL IT WOULD BE BEARISH.

RESISTANCE:206 SUPPORT: 196.15

www.capitalvia.com | 30
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead ONGC

Weekly Pivots

STOCK R2 R1 PP S1 S2

ONGC 1375.65 1365.8 1349.15 1339.3 1322.65

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
FORM THE LAST FEW TRADING SESSION IT IS MOVING SIDEWAYS FROM THIS LEVEL EITHER SIDE OF MOVEMENT WOULD
BE EXPECTED. IT HAS RESISTANCE AT 1372 AND SUPPORT AT 1320 IT IS TRADING ABOVE THE 10 DAYS AND 50 DAYS
MOVING AVERAGES LOOKING POSITIVE IN THE COMING TRADING SESSION IF IT MANAGES TO TRADE ABOVE THE
RESISTANCE LEVEL OF 1372 ELSE BELOW 1320 IT WOULD MIGHT FACE MORE SELLING PRESSURE.

RESISTANCE:1372 SUPPORT:1320

www.capitalvia.com | 31
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead POWER GRID CORPORATION

Weekly Pivots

STOCK R2 R1 PP S1 S2

POWERGRID 108.07 106.28 105.22 103.43 102.37

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING IN SIDE WAYS TRADING CHANNEL WITH NEGATIVE BIAS, MAY GET THE NEXT SUPPORT CLOSE TO THE
LEVELS OF 98 TO 99. DECISIVE CLOSING BELOW THIS SUPPORT MAY SLIP IT TILL THE LOWER LEVEL OF 95 IN NEAR RUN.

RESISTANCE: 120.00 SUPPORT: 98.50

www.capitalvia.com | 32
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead PNB BANK

Weekly Pivots

STOCK R2 R1 PP S1 S2

PNB 1255.97 1239.18 1226.92 1210.13 1197.87

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY GO FOR BUY ON DIPS UNTIL IT CLOSE BELOW 1170, THE SHORT TERM TARGET IN IT SEEMS TO BE
AT THE LEVEL OF 1250.

RESISTANCE: 1250 SUPPORT: 1130

www.capitalvia.com | 33
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead RANBAXY LAB

Weekly Pivots

STOCK R2 R1 PP S1 S2

RANBAXY 519.43 512.82 508.48 501.87 497.53

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY HOLD THE LONG UNTIL IT CLOSE BELOW 480, THE SHORT TERM TARGET IN IT SEEMS TO BE AT
THE LEVEL OF 550.

RESISTANCE: 540 SUPPORT: 440

www.capitalvia.com | 34
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead REL CAP

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELCAPITAL 790.32 785.98 780.77 776.43 771.22

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS GETTING SOME KIND OF SUPPLY IN THE RESISTANCE ZONE OF 800 TO 805. DECISIVE CLOSING ABOVE THIS
RESISTANCE ZONE MAY TAKE UP IT TILL THE LEVEL OF 850 IN NEAR RUN.

RESISTANCE: 858 SUPPORT: 730

www.capitalvia.com | 35
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead RCOM

Weekly Pivots

STOCK R2 R1 PP S1 S2

RCOM 167.37 165.48 163.92 162.03 160.47

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING IN NEGATIVE SIDE WAYS ZONE, ONE MIGHT HOLD THE SHORT IN IT UNTIL IT CLOSE ABOVE 172, THE
LOWER SIDE TARGETS IN IT SEEMS TO BE AT THE LEVELS OF 155,150.

RESISTANCE: 171 SUPPORT: 155

www.capitalvia.com | 36
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead RIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELIANCE 972.32 965.43 960.32 953.43 948.32

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE CRUCIAL SHORT TERM SUPPORT ZONE SEEMS TO BE AT THE LEVELS OF 900 TO 915. DECISIVE CLOSING
BELOW THIS SUPPORT ZONE MAY SLIP IT TILL THE LOWER LEVELS OF 880,850 IN NEAR RUN.

RESISTANCE: 1035 SUPPORT: 915

www.capitalvia.com | 37
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead RELIANCE INFRA

Weekly Pivots

STOCK R2 R1 PP S1 S2

RELINFRA 1045.62 1028.43 1017.72 1000.53 989.82

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK MIGHT GET THE NEXT SUPPORT CLOSE TO THE LEVEL OF 950. DECISIVE CLOSING BELOW THIS SUPPORT MAY SLIP
IT TILL THE LOWER LEVELS OF 925,900 IN NEAR RUN.

RESISTANCE: 1112 SUPPORT: 950

www.capitalvia.com | 38
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead REL POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

RPOWER 158.7 157 156 154.3 153.3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY GO FOR SELL ON RISE UNTIL IT CLOSE ABOVE 165, THE LOWER SIDE TARGETS IN IT SEEMS TO BE
AT THE LEVELS OF 150,145.

RESISTANCE: 161 SUPPORT: 148

www.capitalvia.com | 39
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead SIEMENS

Weekly Pivots

STOCK R2 R1 PP S1 S2

SIEMENS 724.65 717.5 708.35 701.2 692.05

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS FACING THE SHORT TERM RESISTANCE CLOSE TO THE LEVELS OF 750 TO 755. DECISIVE CLOSING ABOVE THIS
RESISTANCE ZONE MAY TAKE UP IT TILL THE LEVEL OF 785,805 IN NEAR RUN.

RESISTANCE: 755 SUPPORT: 683

www.capitalvia.com | 40
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead SBI

Weekly Pivots

STOCK R2 R1 PP S1 S2

SBIN 3056.25 3020.15 2958.6 2922.5 2860.95

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMEND ACCUMULATION STRATEGY FOR THE TARGETS OF 2950, 3000. MARKET
ACHIEVED THE FIRST ONE TODAY AND REACHED CLOSE TO 2ND ONE. ONE MAY KEEP HOLD THE LONG IN IT UNTIL IT
CLOSE BELOW 2850 FOR THE TARGET OF 3025.

RESISTANCE: 3000 SUPPORT: 2730

www.capitalvia.com | 41
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead SAIL

Weekly Pivots

STOCK R2 R1 PP S1 S2

SAIL 204.08 201.97 200.08 197.97 196.08

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY KEEP HOLD THE LONG UNTIL IT CLOSE BELOW 192 FOR THE TARGET OF 205 IN NEAR RUN.

RESISTANCE: 205.00 SUPPORT: 183.00

www.capitalvia.com | 42
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead STERLITE

Weekly Pivots

STOCK R2 R1 PP S1 S2

STER 170.75 168.15 165.95 163.35 161.15

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS HOLDING THE BROAD TRADING RANGE OF 150 TO 175. DECISIVE CLOSING ABOVE THIS RESISTANCE MAY TAKE
UP IT TILL THE LEVEL OF 185 IN NEAR RUN.

RESISTANCE: 176.60 SUPPORT: 150.00

www.capitalvia.com | 43
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead SUN PHARMA

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUNPHARMA 1787.85 1766.7 1753.85 1732.7 1719.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS GETTING THE GOOD SHORT TERM SUPPORT CLOSE TO THE LEVELS OF 1690 TO 1700. DECISIVE CLOSING BELOW
THIS SUPPORT ZONE MAY SLIP IT TILL THE LOWER LEVEL OF 1650 IN NEAR RUN.

RESISTANCE: 1857 SUPPORT: 1630

www.capitalvia.com | 44
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead SUZLON

Weekly Pivots

STOCK R2 R1 PP S1 S2

SUZLON 52.58 51.97 51.58 50.97 50.58

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY GO FOR SELL ON RISE UNTIL IT CLOSE ABOVE 58 FOR THE TARGETS OF 45,40 IN NEAR RUN.

RESISTANCE: 61.00 SUPPORT: 44.00

www.capitalvia.com | 45
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead TCS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TCS 887.33 881.02 876.18 869.87 865.03

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY HOLD THE LONG UNTIL IT CLOSE BELOW 800, THE UPPER TARGET IN IT SEEMS TO BE AT THE LEVEL
OF 900.

RESISTANCE: 886 SUPPORT: 765

www.capitalvia.com | 46
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead TATA MOTORS

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAMOTORS 1057.05 1035.95 1022.3 1001.2 987.55

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK ONE MAY KEEP HOLD THE LONG UNTIL IT CLOSE BELOW 960 , THE SHORT TERM TARGET IN IT SEEMS TO BE
AT THE LEVEL OF 1075.

RESISTANCE: 1061 SUPPORT: 887

www.capitalvia.com | 47
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead TATA POWER

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAPOWER 1309.93 1284.92 1269.98 1244.97 1230.03

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
STOCK IS TRADING IN LONG HORIZONTAL TRADING RANGE, ONE SHOULD WAIT FOR THE EITHER SIDES BREAKOUT OF
THIS RANGE.

RESISTANCE: 1308 SUPPORT: 1190

www.capitalvia.com | 48
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead TATA STEEL

Weekly Pivots

STOCK R2 R1 PP S1 S2

TATASTEEL 610.05 601.85 588.45 580.25 566.85

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMEND BUY ON DIPS UNTIL IT CLOSE BELOW 525 FOR THE TARGETS OF 575,600
TODAY MARKET ACHIEVED THE FIRST ONE AND REACHED CLOSE TO 2ND ONE. ONE MAY KEEP HOLD THE LONG IN IT
UNTIL IT CLOSE BELOW 550 FOR THE TARGET OF 625 IN NEAR RUN.

RESISTANCE: 643 SUPPORT: 493

www.capitalvia.com | 49
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead UNITECH

Weekly Pivots

STOCK R2 R1 PP S1 S2

UNITECH 83.82 82.93 82.12 81.23 80.42

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK WE ALREADY RECOMMEND BUY ON DIPS UNTIL IT CLOSE BELOW 78, THE SHORT TERM TARGETS IN IT
SEEMS TO BE AT THE LEVELS OF 85,88.

RESISTANCE: 89.75 SUPPORT: 70.20

www.capitalvia.com | 50
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

Weekly Ahead WIPRO

Weekly Pivots

STOCK R2 R1 PP S1 S2

WIPRO 416.9 412.45 409.1 404.65 401.3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview
IN THIS STOCK THE SHORT TERM SUPPORT SEEMS CLOSE TO THE LEVEL OF 370 TO 375. DECISIVE CLOSING BELOW THIS
SUPPORT ZONE MAY SLIP IT TILL THE LOWER LEVEL OF 350 IN NEAR RUN.

RESISTANCE: 433 SUPPORT: 372

www.capitalvia.com | 51
Nifty50 Weekly Report
13th Sep to 18th Sep 2010
RESEARCH

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