nifty 50 reports for the week (4th - 8th july '11)

8/6/2019 Nifty 50 Reports for the Week (4th - 8th July '11)

1/52

NIFTY50NIFTY50

WEEKLY REPORT04th July - 08th July 2011

Global Research L imited


2/52www.capitalvia.com 3

Technical Picture

Figure: 1 : Nifty50 Graph

Technical Overview

Weekly Pivots

The stock had an either side movement this week. One could go for sell on rise strategy in the stock until it breaches the

level of 980 in upside as it is expected to continue its correction.

STOCK R2 R1 PP S1 S2

939980

SUPPORTRESISTANCE

ACCACC


ACC 983.9 969.55 955.55 941.2 927.2


3/52www.capitalvia.com 3

Technical Picture


Technical Overview

Weekly Pivots

The stock has successfully taken support at lower levels and had an up rally previously, while it consolidated throughout this

week with negative biasness. Its next support is at 126, breach of this level may take the stock further downwards.


126135

SUPPORTRESISTANCE

Ambuja CementsAmbuja Cements


AMBUJACEM 137.65 133.55 130.8 126.7 123.95


4/52

Axis BankAxis Bank

www.capitalvia.com 4

Technical Picture


Technical Overview

Weekly Pivots

The stock consolidated this week as expected after a continuous up rally. One could go for buying on dip strategy in the

stock as it is expected to continue its bullish trend.


12801325

SUPPORTRESISTANCE


AXISBANK 1327.72 1318.43 1305.72 1296.43 1283.72


5/52

Bajaj Auto Ltd.Bajaj Auto Ltd.


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently moving in a sideways trend. One should now wait for crossing of either side in the stock.


13501450

SUPPORTRESISTANCE


BAJAJ-AUTO 1456.12 1439.63 1422.32 1405.83 1388.52


6/52

Bharat Heavy ElectricalBharat Heavy Electrical


Technical Picture


Technical Overview

Weekly Pivots

The stock had successfully taken support at major lower support levels and is now moving in a up rally. One could hold the

long positions in the stock as it is expected to continue its uptrend and may move till the levels of 2070-2080 in upside.


20092070

SUPPORTRESISTANCE


BHEL 2082.12 2066.23 2054.12 2038.23 2026.12


7/52

Bharat Petroleum CorporationBharat Petroleum Corporation


Technical Picture


Technical Overview

Weekly Pivots

The stock is very volatile in terms of price movements. One should now wait for sometime in the stock .


630658

SUPPORTRESISTANCE


BPCL 655.68 650.42 645.73 640.47 635.78


8/52

Bharti AirtelBharti Airtel


Technical Picture


Technical Overview

Weekly Pivots

The stock has moved in bullish trend throughout last week and had an up rally previously. It also managed to resist at higher

levels and had a correction rally. It has next support at 375, breach of this level will take the stock further downwards.


375395

SUPPORTRESISTANCE


BHARTIARTL 400.92 392.18 387.27 378.53 373.62


9/52

CiplaCipla


Technical Picture


Technical Overview

Weekly Pivots

The stock is consolidating currently. The stock now faces resistance at 337 while has support at 322 one should now wait

for crossing of levels on either side.


322337

SUPPORTRESISTANCE


CIPLA 334.13 330.52 327.88 324.27 321.63


10/52

Cairn IndiaCairn India


Technical Picture


Technical Overview

Weekly Pivots

The stock consolidated this week and had a steep rise in today's trading session. One could hold the long positions in the

stock as it is expected to continue its bullish trend and may move till the levels of 335-340 in coming trading sessions.


295320

SUPPORTRESISTANCE


CAIRN 342.83 334.32 319.33 310.82 295.83


11/52

DLFDLF


Technical Picture


Technical Overview

Weekly Pivots

The stock had an either side movement this week. it has next resistance at 222, crossing of thie level may take the stock

further upwards.


210222

SUPPORTRESISTANCE


DLF 226.3 223.3 218 215 209.7


12/52

Dr. Reddy LaboratoriesDr. Reddy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

The stock was trading sideways during the week and ended on a negative note. The trend presently in the stock is weak.

The stock is now facing resistance at 1580 which is the 50 day moving average of the stock and has support at 1500. As the

stock closed on negative note a further down movement can be seen in the stock once it breaks its support level.


15001580

SUPPORTRESISTANCE


DRREDDY 1591.83 1559.37 1537.43 1504.97 1483.03


13/52

Gail IndiaGail India


Technical Picture


Technical Overview

Weekly Pivots

The stock opened gap up during the week and then moved down during the later trading session of the week and closed

with positive biasness. The major trend presently in the stock is sideways. The stock is now facing resistance at 460 and has

support at 434. As the stock closed with positive biasness 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.


434460

SUPPORTRESISTANCE


GAIL 459.12 454.93 449.27 445.08 439.42


14/52

HCL TechnologiesHCL Technologies


Technical Picture


Technical Overview

Weekly Pivots

The stock showed an up movement during the week and marked a high of 503 during the week and closed on a positive

note. The stock is now facing resistance at 510 and has support at 484 which is the 10 day moving average of the stock. As

the stock closed with positive biasness 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.


484510

SUPPORTRESISTANCE


HCLTECH 506.73 501.47 498.23 492.97 489.73


15/52

HDFC BankHDFC Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up movement during the week and on the last day of trading week it showed some profit

booking and closed with negative biasness. The stock is now facing resistance at 2550 and has support at 2430. As the

stock closed with negative biasness a further down movement can be seen in the stock once it breaks its support level.


24302550

SUPPORTRESISTANCE


HDFCBANK 2578.55 2539.9 2508.95 2470.3 2439.35


16/52

Housing Development FinanceHousing Development Finance


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up movement during the week and on the last day of trading week it showed some profit

booking and closed with negative biasness. The stock is now facing resistance at 715 and has support at 693. As the stock

closed with negative biasness a further down movement can be seen in the stock once it breaks its support level.


693715

SUPPORTRESISTANCE


HDFC 716.23 709.77 705.53 699.07 694.83


17/52

Hero Honda MotorsHero Honda Motors


Technical Picture


Technical Overview

Weekly Pivots

The stock was consolidating during the week and on the last day of trading it showed an up move and marked a high of

1903. The major trend presently in the stock is sideways. The stock is now facing resistance at 1950 and has support at

1833 which is the 10 day moving average of the stock. As the stock closed on a 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 level.


18331950

SUPPORTRESISTANCE


HEROHONDA 191 6.27 1907.73 1895.37 1886.83 1874.47


18/52

Hindalco IndustriesHindalco Industries


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up move during the week and marked a high of 188. The stock is now facing resistance at

190 and has support at 180. As the stock closed on a 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 level.


180190

SUPPORTRESISTANCE


HINDALCO 191.4 189.2 185.7 183.5 180


19/52

Hindustan UnileverHindustan Unilever


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up move during the week and on the last day of the week it showed some profit booking

and closed with negative biasness. The stock was at its all time high during the week and marked a high of 348. The stock is

now facing resistance at 348 and has support at 330. As the stock ended on negative note a further down movement can

be seen in the stock once it breaks its support level.


330348

SUPPORTRESISTANCE


HINDUNILVR 346.45 341.6 338.65 333.8 330.85


20/52

ICICI BankICICI BankWeekly Pivots


Technical Picture


Technical Overview

Weekly Pivots

The stock showed a continuous up move during the week and marked a high of 1111. The stock is now facing resistance at

1120 and has support at 1080. Break of resistance may take the stock up. One may go for buying the stock once it breaks its

resistance level.


10801120

SUPPORTRESISTANCE


ICICIBANK 1121.35 1108.1 1098.1 1084.85 1074.85


21/52

IDFCIDFC


Technical Picture


Technical Overview

Weekly Pivots

IDFC showed positive side movements all through the last week, it made weekly high of 135.80 and closed with the gain of

8.3%. The stock now has resistance level at 138 and support level at 129. In short term it is expected to consolidated with

positive biasness and crossing of resistance level may take the stock to the higher levels.


129138

SUPPORTRESISTANCE


IDFC 138.08 136.57 134.28 132.77 130.48


22/52

Infosys TechnologiesInfosys Technologies


Technical Picture


Technical Overview

Weekly Pivots

INFOSYS moved with the positive biasness during last week and made weekly high of 2969.95. The stock has resistance

level at 3000 and support level at 2880. It is expected to consolidate and remain range bound in short term.


28803000

SUPPORTRESISTANCE


INFOSYSTCH 2988.58 2961.37 2942.73 2915.52 2896.88


23/52

ITCITC


Technical Picture


Technical Overview

Weekly Pivots

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

and it has support level at 186. In short term it is expected to consolidate with positive biasness and crossing of resistance

level may take it to the higher levels.


196208

SUPPORTRESISTANCE


ITC 209.12 205.33 202.72 198.93 196.32


24/52

Jaiprakash AssociatesJaiprakash Associates


Technical Picture


Technical Overview

Weekly Pivots

JP ASSOCIATES had sideways movements during last week and it moved in small range. The stock has resistance level at 83

and support level at 79. In short term it is expected to consolidate and remain range bound.


7983

SUPPORTRESISTANCE


JPASSOCIAT 84.12 82.73 81.22 79.83 78.32


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 with overall gain. The stock has resistance

level at 663 and support level at 625. It is expected to consolidate and remain range bound; also crossing of resistance level

may take the stock at higher levels.


625663

SUPPORTRESISTANCE


JINDALSTEL 663.52 657.13 651.07 644.68 638.62


26/52

Larsen and TurboLarsen and Turbo


Technical Picture


Technical Overview

Weekly Pivots

L&T had upside movement in the last week and made weekly high of 1849. The stock has resistance level at 1877 and

support level at 1775. In short term it is expected to remain range bound.


17751877

SUPPORTRESISTANCE


LT 1866.37 1836.93 1819.57 1790.13 1772.77


27/52

Kotak Mahindra BankKotak Mahindra Bank


Technical Picture


Technical Overview

Weekly Pivots

KOTAK MAHINDRA BANK showed upside movements all through last week and made weekly high of 484. The stock has

support level at 452 and resistance level at 491. It is expected consolidate and remain range bound in short term.


452491

SUPPORTRESISTANCE


KOTAKBANK 48 8.7 481.05 476.35 468.7 464


28/52

Mahindra and MahindraMahindra and Mahindra


Technical Picture


Technical Overview

Weekly Pivots

M&M showed sideways movement all through last week and closed with overall gain. The stock has support level at 680

and resistance level at 713. It is expected to consolidate with negative biasness in the short term.


680713

SUPPORTRESISTANCE


M&M 720.77 706.28 697.32 682.83 673.87


29/52

Maruti Suzuki IndiaMaruti Suzuki India


Technical Picture


Technical Overview

Weekly Pivots

MARUTI volatile trading session last week and it closed with overall gain. The stock has resistance level at 1190 and support

level at 1125. In short term it is expected to consolidate and remain range bound.


11251190

SUPPORTRESISTANCE


MARUTI 1167.72 1155.43 1142.72 1130.43 1117.72


30/52

NTPC Ltd.NTPC Ltd.


Technical Picture


Technical Overview

Weekly Pivots

NTPC had positive side movement last week and it made weekly high of 189. The stock has support level at 183 and

resistance level at 191. In short term it is expected to consolidate and remain range bound. Also crossing of resistance level

may take it to higher levels.


183191

SUPPORTRESISTANCE


NTPC 191.1 188.95 186.85 184.7 182.6


31/52

Oil and Natural Gas CorpOil and Natural Gas Corp


Technical Picture


Technical Overview

Weekly Pivots

After a high of 297.50 ONGC has corrected and made a low of 273.65, from this level it made a smart recovery and a high

of 290.90. The stock has a resistance level of 298 and support at 269 .It is looking bearish in the coming trading session; one

can go for short position in it at 272 for the target of 250.


272298

SUPPORTRESISTANCE


277

ONGC 296.65 286.5 280.75 270.6 264.85


32/52

Power Grid Corporation of IndiaPower Grid Corporation of India


Technical Picture


Technical Overview

Weekly Pivots

The stock has touched its peak high of 111.15; from this level further upside of movement would be expected. In today's

trading session it manages to trade near to the resistance level of 112 and it is now trading at 110.25, from this level further

upside of movement would be expected. One can go for long position in it at 122 for the target of 120.


107112

SUPPORTRESISTANCE


POWERGRID 111.48 110.87 110.13 109.52 108.78


33/52

Punjab National BankPunjab National Bank


Technical Picture


Technical Overview

Weekly Pivots

The stock is currently trading short term uptrend and is expected to bounce from this level. In today's trading session it

manages to trade and close above the 10 days and 50 days moving averages. It is looking strong on charts one can go for

long position in it at 1110 above this level it would be in an upward trend.


10391110

SUPPORTRESISTANCE


PNB 1111.57 1101.53 1091.77 1081.73 1071.97


34/52

Ranbaxy LaboratoriesRanbaxy Laboratories


Technical Picture


Technical Overview

Weekly Pivots

A negative opening made Ranbaxy battered down to the level of 524.10; from this level further downside of movement

would be expected. It is now taking resistance at 557 and support at 504. It is looking weak on charts in the coming trading

session if it manage to trade below the support level of 504 else above 557 it would be in an upward trend.


530557

SUPPORTRESISTANCE


RANBAXY 552.98 540.07 532.08 519.17 511.18


35/52

Reliance CapitalReliance Capital


Technical Picture


Technical Overview

Weekly Pivots

Reliance capital has closed above the important resistance zone of 582 and looks positive for the short term perspective. It is

now taking resistance at 588 and support at 555. It is looking positive in the coming trading session; one can go for long

position in it at 555 for the target of 600.


555588

SUPPORTRESISTANCE


RELCAPIT AL 594.15 588.3 580.45 574.6 566.75


36/52

Reliance CommunicationsReliance Communications


Technical Picture


Technical Overview

Weekly Pivots

The stock was moving sideways and in today's trading session it manages to trade and close above the major resistance

zone of 98, from this level further upside of movement would be expected. It is looking strong on charts one can go for long

position if it at 100 for the target of105.


94100

SUPPORTRESISTANCE


RCOM 101.12 99.28 97.67 95.83 94.22


37/52

Reliance IndustriesReliance Industries


Technical Picture


Technical Overview

Weekly Pivots

Reliance Industries was trading in short term up trend. In today's trading session it manages to trade and close above the 10

days and 50 days moving averages. It is looking weak on charts if it manages to trade below the support level of 871 else

above 907 it would be in an upward trend.


871907

SUPPORTRESISTANCE


RELIANCE 925.52 893.73 875.22 843.43 824.92


38/52

Reliance InfrastructureReliance Infrastructure


Technical Picture


Technical Overview

Weekly Pivots

It is now taking support at 515 and resistance at 555. The stock has closed positive and it is now trading at 535.05, from this

level further upside of movement would be expected. One can go for long position in it at 555 for the target of 575 else

below 515 it would be in a downward trend.


515555

SUPPORTRESISTANCE


RELINFRA 551.73 547.02 542.08 537.37 532.43


39/52

Reliance PowerReliance Power


Technical Picture


Technical Overview

Weekly Pivots

Reliance Power battered down to the level of 107.45, from this level it made a smart recovery and made a high of 117.80. It

is taking resistance at 120 above this level it would be in an upward trend else below 112 it might face more selling pressure.


112120

SUPPORTRESISTANCE


RPOWER 119.58 117.77 115.98 114.17 112.38


40/52

Siemens IndiaSiemens India


Technical Picture


Technical Overview

Weekly Pivots

SIEMENS consolidated with positive biasness during last week. The major trend in the stock is bullish. In upcoming session

some correction can be seen. The stock has resistance level at 900 and support level at 888 .One may go for the long

position above its resistance level.


888900

SUPPORTRESISTANCE


SIEMENS 898.97 896.08 892.12 889.23 885.27


41/52

Sterlite Industries IndiaSterlite Industries India


Technical Picture


Technical Overview

Weekly Pivots

STERLITE remained positive although last week and made a weekly high of 172.40.At present it is in bullish trend and some

correction can be seen in upcoming session. It has resistance level at 174 and support level at 169. One may go for long

position above its resistance level.


169174

SUPPORTRESISTANCE


STER 173.97 172.03 170.47 168.53 166.97


42/52

State Bank of IndiaState Bank of India


Technical Picture


Technical Overview

Weekly Pivots

STATE BANK OF INDIA remained positive all through last week and made weekly high of 2433. The stock now has support

level at 2379 and resistance level at 2433. One could go for buying on dip strategy in it till it crosses its support level at 2433.


23792433

SUPPORTRESISTANCE


SBIN 2456.77 2438.53 2411.27 2393.03 2365.77


43/52

Steel Authority of IndiaSteel Authority of India


Technical Picture


Technical Overview

Weekly Pivots

The stock consolidates in a tight range during last week. The stock has resistance level at 141, and above this level bullish

movements can be expected in it. One should wait for crossing of levels on either side before taking any positions in it.


135141

SUPPORTRESISTANCE


SAIL 140.68 139.17 137.83 136.32 134.98


44/52

Sun PharmaceuticalsSun Pharmaceuticals


Technical Picture


Technical Overview

Weekly Pivots

SUN PHARMACEUTICALS has been consolidating with positive biasness from last many sessions and last week also it

remained in the range. The stock is in major up trend, it has resistance level at 507 and support level at 489.One may hold

long position in it till it breaches its support level of 489.


489507

SUPPORTRESISTANCE


SUNPHARMA 509.53 503.77 498.23 492.47 486.93


45/52

GrasimGrasim


Technical Picture


Technical Overview

Weekly Pivots

The stock was trading sideways during the week and ended on a positive note. The stock is now facing resistance at 2170

and has support at 2040. 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 level.


20402170

SUPPORTRESISTANCE


GRASIM 2190.5 2159 2103.5 2072 2016.5


46/52

Tata Consultancy ServicesTata Consultancy Services


Technical Picture


Technical Overview

Weekly Pivots

TATA CONSULTANCY SERVICES remained bullish in last week and made weekly high of 1198. After a continuous upward

movement, some correction can be seen in upcoming session. It has resistance level at 1205 and support level at 1180. One

may go for long position above its resistance level.


11801205

SUPPORTRESISTANCE


TCS 1208.17 1200.03 1189.87 1181.73 1171.57


47/52

Tata MotorsTata Motors


Technical Picture


Technical Overview

Weekly Pivots

TATA MOTORS showed positive biasness all through last week and made weekly low of 1012.75. The stock now has

resistance level at 1013 and support level at 981. In short term it is expected to consolidate with positive biasness. One may

go for buying the stock once it breaks its resistance.


9811013

SUPPORTRESISTANCE


TATAMOTORS 1020.9 1007.8 996.9 983.8 972.9


48/52

Tata SteelTata Steel


Technical Picture


Technical Overview

Weekly Pivots

TATA STEEL remained positive all through last week and gained around 7.03%. The stock now has resistance level at 619

and support level at 596. In short term it is expected to show some correction. One may go for the long position above its

resistance level.


596619

SUPPORTRESISTANCE


TATASTEEL 625.93 614.12 604.88 593.07 583.83


49/52

Tata Power SupplyTata Power Supply


Technical Picture


Technical Overview

Weekly Pivots

The stock remained in positive phase all through previous week and made weekly high of 1322. The stock has resistance

level at 1322 and support level at 1298. In short term it is expected to consolidate with positive biasness. One may hold long

position in it till it breaches its support level of 1298.


12981322

SUPPORTRESISTANCE


TATAPOWER 1328.8 1316.8 1307.45 1295.45 1286.1


50/52

Sesa GoaSesa Goa


Technical Picture


Technical Overview

Weekly Pivots

After making a high of 261.10 it is continuously moving sideways and in today's traidng session it made a high of 282.20. It

is now taking support at 260 and resistance at 284. It is now trading at 280.30, form this level further upside of movement

would be expected. One can go for long position in it at 284 for the target of 310.


260284

SUPPORTRESISTANCE


SESA GOA 293.62 288.78 283.42 278.58 273.22


51/52

Wipro CorporationWipro Corporation


Technical Picture


Technical Overview

Weekly Pivots

WIPRO remained volatile during last week and it closed with moderate loss. The stock has support level at 418 and

resistance level at 425. One should wait for entering in this stock for some time as it is expected to remain volatile.


418425

SUPPORTRESISTANCE

Global Research L imitedGlobal Research L imited

WIPRO 428.98 426.07 422.03 419.12 415.08


52/52

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nifty 50 reports for the week (4th - 8th july '11)

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