nifty 50 reports for the week (20th - 24th june '11)

8/6/2019 Nifty 50 Reports for the Week (20th - 24th June '11)

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NIFTY50NIFTY50

WEEKLY REPORT20th June - 24th June 2011

Global Research L imited


2/52www.capitalvia.com 3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview

Weekly Pivots

The stock managed to breach its support level this week and had a bearish trend. One could hold the short positions in the

stock as it is expected to continue its bearish trend and may move till the levels of 940-930 in coming trading sessions.

STOCK R2 R1 PP S1 S2

940990

SUPPORTRESISTANCE

ACCACC


ACC 983.18 971.52 962.33 950.67 941.48


3/52www.capitalvia.com 3

Technical Picture


Technical Overview

Weekly Pivots

The stock moved in a bearish trend this week. Its next major support is at 122, breach of this level may take the stock further

down else it may also bounce back from lower support levels.


122131

SUPPORTRESISTANCE

Ambuja CementsAmbuja Cements


AMBUJACEM 131.55 129.85 127.2 125.5 122.85


4/52

Axis BankAxis Bank

www.capitalvia.com 4

Technical Picture


Technical Overview

Weekly Pivots

The stock is currently consolidating with positive biasness. One can go for buying on dip strategy in the stock till it breaches

the level of 1205 in downside as it is expected to move till the levels of 1280-1285 in coming trading sessions.


12051285

SUPPORTRESISTANCE


AXISBANK 1258.12 1240.33 1226.92 1209.13 1195.72


5/52

Bajaj Auto Ltd.Bajaj Auto Ltd.


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently. One could still hold the long positions in the stock until it breaches the level of 1319 in

downside as it is expected to continue its bullish trend and may move till the levels of 1385-1390 in near term.


13281390

SUPPORTRESISTANCE


BAJAJ-AUTO 1379.33 1361.02 1346.13 1327.82 1312.93


6/52

Bharat Heavy ElectricalBharat Heavy Electrical


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently consolidating from last a few weeks after a sharp fall previously. Now the stock's next support is at

level of 1900, breach of this level will continue its bearish trend while it may also bounce back from its major support levels


19001975

SUPPORTRESISTANCE


BHEL 1962.7 1949.95 1939.25 1926.5 1915.8


7/52

Bharat Petroleum CorporationBharat Petroleum Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock moved with positive biasness this week. Its next resistance level is at 639, crossing of this level will take the stock

further upwards.


613639

SUPPORTRESISTANCE


BPCL 647.63 639.27 629.73 621.37 611.83


8/52

Bharti AirtelBharti Airtel


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently. It now faces next resistance at 385, crossing of this level may take the stock further

upwards else it has support at 370, breach of which may take the stock downwards.


370385

SUPPORTRESISTANCE


BHARTIARTL 389.98 385.27 377.23 372.52 364.48


9/52

CiplaCipla


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently correcting after having an up rally previously.. One could still hold the long positions in the stock until it

breaches the support level of 323 in downside. As it may take a bounce from this level else breach of this level will take the

stock further downwards.


323345

SUPPORTRESISTANCE


CIPLA 336.33 332.37 328.18 324.22 320.03


10/52

Cairn IndiaCairn India


Technical Picture


Technical Overview

Weekly Pivots

The stock today managed to breach its support level and had a steep downfall. it is now expected to move till the levels of

319 in downside.


319335

SUPPORTRESISTANCE


CAIRN 338.15 331.5 326.8 320.15 315.45


11/52


12/52


13/52


14/52

HCL TechnologiesHCL Technologies


Technical Picture


Technical Overview

Weekly Pivots

The major trend in the stock is weak and it moved down during the week and ended negative. The stock is now facing

resistance at 500 and has support at 468. A further down movement can be seen in the stock once it breaks its support

level. One may go for selling the stock once it breaks its support level.


468500

SUPPORTRESISTANCE


HCLTECH 501.05 490.5 482.75 472.2 464.45


15/52

HDFC BankHDFC Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and closed with positive biasness. The trend presently in the stock is sideways.

The stock is now facing resistance at 2400 and has support at 2320 which is the 50 day moving average of the stock. A

further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it

breaks its resistance level.


23202400

SUPPORTRESISTANCE


HDFCBANK 2382.13 2365.72 2349.68 2333.27 2317.23


16/52

Housing Development FinanceHousing Development Finance


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and on the last day of trading it ended on a negative note. The trend presently

in the stock is weak. As the stock closed with negative biasness a further down movement can be seen in the stock once it

breaks its support level. The stock is now facing resistance at 657 and has support at 625. Break of support may take the

stock further down. One may go for selling the stock once it breaks its support level.


625657

SUPPORTRESISTANCE


HDFC 661.85 650.25 642.9 631.3 623.95


17/52

Hero Honda MotorsHero Honda Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and ended on a negative note. The stock is now facing resistance at 1760 and

has support at 1690. As the stock closed with negative biasness a further down movement can be seen in the stock once it

breaks its support level. One may go for selling the stock once it breaks its support level.


16901760

SUPPORTRESISTANCE


HEROHONDA 1753.87 1742.78 1733.92 1722.83 1713.97


18/52

Hindalco IndustriesHindalco Industries


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous down movement during the week and closed with negative biasness. The trend presently in

the stock is weak. The stock is now facing resistance at 175 and has support at 165. Break of support may take the stock

further down. One may go for selling the stock once it breaks its support level.


165175

SUPPORTRESISTANCE


HINDALCO 179.62 174.73 170.72 165.83 161.82


19/52

Hindustan UnileverHindustan Unilever


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up movement during the week and ended on a positive note. The stock is now facing

resistance at 328 and has support at 315 which is the 10 day moving average of the stock. A further up movement can be

seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.


315328

SUPPORTRESISTANCE


HINDUNILVR 330.8 325.85 321.55 316.6 312.3


20/52

ICICI BankICICI BankWeekly Pivots


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and closed with positive biasness. The stock is now facing resistance at 1055

and has support at 1013. As the stock closed on positive note a further up movement can be seen in the stock once it breaks

its resistance level. One may go for buying the stock once it breaks its resistance.


10131055

SUPPORTRESISTANCE


ICICIBANK 1047.9 1040.05 1032.05 1024.2 1016.2

1013


21/52

IDFCIDFC


Technical Picture


Technical Overview

Weekly Pivots

IDFC is in major downtrend and last week it continued the same making weekly low of 118.30 and closed with the weekly

loss of 10.42%. The stock now has resistance level at 124 and support level at 115. In short term it is expected to continue

its negative biasness and to test its support level.


115124

SUPPORTRESISTANCE


IDFC 123.02 121.23 119.77 117.98 116.52


22/52

Infosys TechnologiesInfosys Technologies


Technical Picture


Technical Overview

Weekly Pivots

INFOSYS showed continued down rally in last week and made weekly low of 2731.30. The stock has resistance level at

2810 and support level at 2715. Some recovery may be expected in the stock in the short term.


27152810

SUPPORTRESISTANCE


INFOSYSTCH 2840.15 2804.9 2768.1 2732.85 2696.05


23/52

ITCITC


Technical Picture


Technical Overview

Weekly Pivots

ITC had volatile trading session last week and it closed almost flat. The stock may take resistance from the level of 197 and it

has support level at 189. In short term some correction may be expected in the stock.


189197

SUPPORTRESISTANCE


ITC 197.45 194.6 192.95 190.1 188.45


24/52

Jaiprakash AssociatesJaiprakash Associates


Technical Picture


Technical Overview

Weekly Pivots

JP ASSOCIATES had volatile trading session during last week and closed almost flat. The stock has resistance level at 85 and

support level at 79. In short term it is expected to consolidate with negative biasness and may test its support level.


7985

SUPPORTRESISTANCE


JPASSOCIAT 84.6 83 82.05 80.45 79.5


25/52

Jindal Steel & PowerJindal Steel & Power


Technical Picture


Technical Overview

Weekly Pivots

JINDAL STEEL AND POWER had volatile trading session last week and it closed almost flat. The stock has resistance level at

647 and support level at 623. It is expected to consolidate with negative biasness and to test its support level in short term.


623647

SUPPORTRESISTANCE


JINDALSTEL 642.8 637.9 633.45 628.55 624.1


26/52

Larsen and TurboLarsen and Turbo


Technical Picture


Technical Overview

Weekly Pivots

L&T had volatile trading session during last week and it closed with overall losses. The stock has resistance level at 1737 and

support level at 1654. In short term it is expected to show some correction and to test its support level.


16541737

SUPPORTRESISTANCE


LT 1711.03 1695.47 1678.73 1663.17 1646.43


27/52

Kotak Mahindra BankKotak Mahindra Bank


Technical Picture


Technical Overview

Weekly Pivots

KOTAK MAHINDRA BANK had volatile trading session last week and closed with moderate gain. The stock has support level

at 428 and resistance level at 452. It is expected consolidate and remain range bound in short term.


428452

SUPPORTRESISTANCE


KOTAKBANK 452.43 446.17 441.58 435.32 430.73


28/52

Mahindra and MahindraMahindra and Mahindra


Technical Picture


Technical Overview

Weekly Pivots

M&M showed volatile trading session last week and closed with overall losses, making weekly low of 641.85. The stock has

support level at 638 and resistance level at 670. It is expected to consolidate with negative biasness in the short term.


638670

SUPPORTRESISTANCE


M&M 666.8 655.45 648.65 637.3 630.5


29/52

Maruti Suzuki IndiaMaruti Suzuki India


Technical Picture


Technical Overview

Weekly Pivots

MARUTI showed negative side movement all through the previous week and made weekly low of 1161.30. The stock has

resistance level at 1230 and support level at 1155. In short term it is expected to consolidate with negative biasness and to

test its support level.


11551230

SUPPORTRESISTANCE


MARUTI 1256.8 1210.9 1186.1 1140.2 1115.4


30/52

NTPC Ltd.NTPC Ltd.


Technical Picture


Technical Overview

Weekly Pivots

NTPC had volatile trading session last week and it traded in tight range. The stock has support level at 174 and resistance

level at 121. In short term it is expected to consolidate with positive biasness and to test its resistance level.


174182

SUPPORTRESISTANCE


NTPC 182.3 180.6 177.7 176 173.1


31/52

Oil and Natural Gas CorpOil and Natural Gas Corp


Technical Picture


Technical Overview

Weekly Pivots

ONGC is trading in a short term downward trend and it is now trading at 265.80, in today's trading session it made a low of

263. The stock may reach to the level of 245 in the coming trading session. The stock has a resistance level of 272 and

support at 260. It is looking bearish in the coming trading session; one can go for short position in it at 260 for the target of

230.


260272

SUPPORTRESISTANCE


ONGC 270.27 268.03 265.52 263.28 260.77


32/52


33/52

Punjab National BankPunjab National Bank


Technical Picture


Technical Overview

Weekly Pivots

The scrip is trading sideways and showing momentum strength below 1039. It is now trading at 1049.80; from this level

further downside of movement would be expected. In order to be in a downward trend it has to trade and consolidate

below the 10 days and 50 days moving averages. One can go for short position in it at 1039 for the target of 1005.


10391065

SUPPORTRESISTANCE


PNB 1065.93 1057.87 1048.93 1040.87 1031.93


34/52

Ranbaxy LaboratoriesRanbaxy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

Ranbaxy traded above its 10 days and 50 days moving averages with good volume and closed at 536.25; from this level

either downside of movement would be expected. The stock may reach to the level of 550 if it manages to trade above the

resistance level of 550, above this level it might be in an upward trend.


530550

SUPPORTRESISTANCE


RANBAXY 546.22 541.23 538.02 533.03 529.82


35/52

Reliance CapitalReliance Capital


Technical Picture


Technical Overview

Weekly Pivots

Reliance capital in today's trading session manages to trade and close above the 10 days and 50 days moving averages and

it was down by 1.75 %. It is now taking support at 540 and resistance at 561. One can go for long position in it at 561 above

this level it would be in an upward trend.


540561

SUPPORTRESISTANCE


RELCAPITAL 567.18 556.57 549.28 538.67 531.38


36/52

Reliance CommunicationsReliance Communications


Technical Picture


Technical Overview

Weekly Pivots

The stock is moving sideways; form this level either side of movement would be expected. It is looking bullish in the coming

trading session if it manages to trade and consolidate above the 10 days and 50 days moving averages. One can go for long

position in it at 97 for the target of 105.


9097

SUPPORTRESISTANCE


RCOM 97.43 96.32 94.53 93.42 91.63


37/52

Reliance IndustriesReliance Industries


Technical Picture


Technical Overview

Weekly Pivots

It is taking resistance at 900 and support at 865, a negative opening made it to trade below the 10 days and 50 days moving

averages. It is looking weak on charts from this level further downside of movement would be expected, one can go for

short position in at 865 below this level it would be in a downward trend else above 900 it might be in an upward trend.


865900

SUPPORTRESISTANCE


RELIANCE 903.85 886.3 875.75 858.2 847.65


38/52

Reliance InfrastructureReliance Infrastructure


Technical Picture


Technical Overview

Weekly Pivots

It is now taking support at 570 and resistance at 600. The stock is trading in a short term up trend and in today's trading

session it manage to trade and close above the 10 days and 50 days moving averages. It is looking bullish in the coming

trading session if it manages to trade above the resistance level of 600 else below 570 it might be in a downward trend.


570600

SUPPORTRESISTANCE


RELINFRA 590.77 585.78 580.02 575.03 569.27


39/52

Reliance PowerReliance Power


Technical Picture


Technical Overview

Weekly Pivots

Reliance Power had been moving between ranges of 114 to 118, in today's trading session it manages to break the range

and made a low of 113.65; from this level further downside of movement would be expected. It is taking support at 113

below this level it would be in a downward trend else above 118 it would be bullish.


115118

SUPPORTRESISTANCE


RPOWER 118.55 116.95 115.3 113.7 112.05


40/52

Siemens IndiaSiemens India


Technical Picture


Technical Overview

Weekly Pivots

SIEMENS remained volatile last week and closed almost flat. The stock has support level at 861 and resistance level at 890. It

is expected consolidate with positive biasness in short term. As the stock is looking indecisive one should wait for a proper

breakout before entering in it.


861890

SUPPORTRESISTANCE


SIEMENS 878.73 874.47 870.73 866.47 862.73


41/52

Sterlite Industries IndiaSterlite Industries India


Technical Picture


Technical Overview

Weekly Pivots

STERLITE INDUSTRIES has been consolidating with negative biasness from last many sessions and last week also it remained

negative. The stock is in major down trend, it has support level at 156 and resistance level at 161. In short term it is

expected to consolidate and remain within the range. One could go for sell on rise strategy in the stock until it crosses 161 in

upside.


156161

SUPPORTRESISTANCE


STER 162.18 160.02 158.68 156.52 155.18


42/52

State Bank of IndiaState Bank of India


Technical Picture


Technical Overview

Weekly Pivots

STATE BANK OF INDIA remained volatile all through last week and closed with moderate losses. The stock has resistance

level at 2225 and support level at 2161. It is expected to consolidate with negative biasness and to test its support level in

short term.


21612225

SUPPORTRESISTANCE


SBIN 2240.23 2226.67 2207.73 2194.17 2175.23


43/52

Steel Authority of IndiaSteel Authority of India


Technical Picture


Technical Overview

Weekly Pivots

It is now taking support at 143 and resistance at 152.It is looking weak on charts, if it manages to trade below the support

level of 143, below this level it would be in a downtrend.


136140

SUPPORTRESISTANCE


SAIL 138.65 137.5 136.75 135.6 134.85


44/52

Sun PharmaceuticalsSun Pharmaceuticals


Technical Picture


Technical Overview

Weekly Pivots

SUN PHARMACEUTICALS remained volatile all through last week and closed with moderate gain. The stock has resistance

level at 500 and support level at 466. It is expected to consolidate with positive biasness and to test its resistance level in

short term.


466500

SUPPORTRESISTANCE


SUNPHARMA 505.95 491.85 482.35 468.25 458.75


45/52

GrasimGrasim


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week continuing its down trend. The stock is now facing resistance at 2200 and has

support at 2040. As the stock ended on a negative note a further down movement can be seen in the stock once it breaks

its support level. One may go for selling the stock once it breaks its support level.


20402200

SUPPORTRESISTANCE


GRASIM 2197.43 2152.02 2123.28 2077.87 2049.13


46/52

Tata Consultancy ServicesTata Consultancy Services


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous down movement during the week and closed with negative biasness. The stock is now

facing resistance at 1157 and has support at 1090.Break of support may take the stock further down. One may go for

selling the stock once it breaks its support.


10901157

SUPPORTRESISTANCE


TCS 1176.4 1142.8 1123.4 1089.8 1070.4


47/52

Tata MotorsTata Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed on a negative note. The stock is now facing resistance at 1015 and has

support at 970. The stock is close to its support and break of which may take the stock further down. One may go for selling

the stock once it breaks its support.


9701015

SUPPORTRESISTANCE


TATAMOTORS 999.65 990.3 983.25 973.9 966.85


48/52

Tata SteelTata Steel


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the earlier trading days and on the last trading session a good recovery was seen in the stock

and closed with positive biasness. The stock is now facing resistance at 580 and has support at 565. Break of resistance may

take the stock further up.


565580

SUPPORTRESISTANCE


TATASTEEL 582.75 577.9 570.45 565.6 558.15


49/52


50/52

Sesa GoaSesa Goa


Technical Picture


Technical Overview

Weekly Pivots

After making a high of 285.80 it is continuously in a downward trend. It is now taking support at 279 and resistance at 287.

It is now trading at 272.10, form this level further downside of movement would be expected. One can go for short position

in it at 270 for the target of 260.


279287

SUPPORTRESISTANCE


SESAGOA 287.57 279.83 275.47 267.73 263.37


51/52

Wipro CorporationWipro Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock moved down during the week and closed with negative biasness. The stock is now facing resistance at 420 and

has support at 402. Break of support may take the stock further down. One may go for selling the stock once it breaks its

support level.


402420

SUPPORTRESISTANCE

Global Research L imitedGlobal Research L imited

WIPRO 422.82 415.83 411.92 404.93 401.02


52/52

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nifty 50 reports for the week (20th - 24th june '11)

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