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Nifty 50 Reports for the Week

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




                     WEEKLY


                              STOCKS REPORTS
                               28th Feb - 05th Mar 2011
www.capitalvia.com
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                    WEEK AHEAD
 ACC




                                                                                                                                   ACC
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  ACC             1020.37     1007.18       991.62      978.43      962.87




                                                      Technical Picture




                                                      Figure: 1 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock is moving in a sideways trend currently. It has resistance at 1030; crossing of this
level may take the stock further upwards till the levels of 1045-1050 in coming trading               RESISTANCE         1030
sessions else it may also bounce from resistance level. One has to wait for crossing of level.        SUPPORT                970




                                                                                                            www.capitalvia.com 2
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                          WEEK AHEAD
 AMBUJA CEMENT




                                                                                                                                   AMBHUJA CEMENT
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  AMBUJACEM          127.38      125.87      123.88      122.37      120.38




                                                      Technical Picture




                                                      Figure: 2 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock is consolidating currently. If it manages to sustain above the level of 127, one may
expect some more upward movement in the stock till the levels of 130-134.50 in near term,             RESISTANCE             130
while it has support at 119, breach of this level may bring down the stock.                           SUPPORT                119




                                                                                                            www.capitalvia.com 3
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                   WEEK AHEAD
 AXIS




                                                                                                                                AXIS
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  AXISBANK        1273.67     1253.08     1223.42     1202.83      1173.17




                                                      Technical Picture




                                                      Figure: 3 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock took resistance at higher levels and moved in a downtrend this week and had a
slight recovery in last trading session. If it manages to cross the support level of 1160, one        RESISTANCE         1252
may expect some more north ward movement.                                                             SUPPORT            1160




                                                                                                            www.capitalvia.com 4
                                                                                                WEEKLY
                                                                                                28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                    WEEK AHEAD
 BAJAJ AUTO




                                                                                                                               BAJAJ AUTO
Weekly Pivots

  STOCK                  R2         R1          PP          S1          S2
  BAJAJ-AUTO      1323.78     1303.02     1274.13    1253.37      1224.48




                                                     Technical Picture




                                                     Figure: 4 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock resisted at higher levels and moved in a downward trend this week. It has next
support at the level of 1230; breach of this level may continue its bearish trend else it may        RESISTANCE         1330
also bounce back from its support levels.                                                            SUPPORT            1230




                                                                                                           www.capitalvia.com 5
                                                                                                WEEKLY
                                                                                                28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                  WEEK AHEAD
 BHEL




                                                                                                                               BHEL
Weekly Pivots

  STOCK                  R2         R1          PP          S1          S2
  BHEL            2050.48     2011.97     1986.48    1947.97      1922.48




                                                     Technical Picture




                                                     Figure: 5 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock managed to breach its support level and moved in a bearish trend this week. One
may hold the short positions in the stock as it is expected to continue its bearish trend and        RESISTANCE         2062
may move till the levels of 1950-1940 in near term.                                                  SUPPORT            1940




                                                                                                           www.capitalvia.com 6
                                                                                                  WEEKLY
                                                                                                  28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                      WEEK AHEAD
 BPCL




                                                                                                                                    BPCL
Weekly Pivots

  STOCK                  R2          R1          PP          S1          S2
  BPCL              564.77      551.93      541.17      528.33      517.57




                                                       Technical Picture




                                                      Figure: 6 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock has successfully taken resistance at higher levels and moved in a down rally and is
consolidating near support levels from last a few trading sessions. It has next support at 565,        RESISTANCE             569
breach of this level may continue its bearish trend else it may also bounce back from lower            SUPPORT                524
support levels.




                                                                                                             www.capitalvia.com 7
                                                                                          WEEKLY
                                                                                          28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                                  WEEK AHEAD
 BHARTI AIRTEL




                                                                                                                            BHARTI AIRTEL
Weekly Pivots

  STOCK                R2         R1         PP          S1          S2
  BHARTIARTL      337.28     333.52     329.03      325.27      320.78




                                                  Technical Picture




                                                  Figure: 7 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock had a consolidation phase this week. One could hold the long positions in the
stock as it is expected to move in an up rally in coming trading sessions. It has major        RESISTANCE       344.50
resistance at 344.50; crossing of this level may take the stock further up.                    SUPPORT                323




                                                                                                     www.capitalvia.com 8
                                                                                                WEEKLY
                                                                                                28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                    WEEK AHEAD
 CIPLA




                                                                                                                                  CIPLA
Weekly Pivots

  STOCK                  R2         R1          PP          S1          S2
  CIPLA             310.52     306.08      302.57      298.13      294.62




                                                     Technical Picture




                                                     Figure: 8 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock is currently facing a tight range bound movement. It has support at 295, breach of
this level may take the stock downward while it has resistance at 310, crossing of this level        RESISTANCE             310
may take the stock upward.                                                                           SUPPORT                295




                                                                                                           www.capitalvia.com 9
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                      WEEK AHEAD
 CAIRN




                                                                                                                                   CAIRN
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  CAIRN             338.23      334.07      330.23      326.07      322.23




                                                      Technical Picture




                                                      Figure: 9 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock moved with negative biasness this week. It faces resistance at 330; crossing of this
may take the stock further upward while it has support at 311, breach of which may take the           RESISTANCE             336.50
stock downward.                                                                                       SUPPORT                311




                                                                                                            www.capitalvia.com 10
                                                                                             WEEKLY
                                                                                             28th Feb to 05th Mar 2011
        RESEARCH




                                                                                                                                WEEK AHEAD
 DLF




                                                                                                                               DLF
Weekly Pivots

  STOCK                 R2         R1         PP          S1          S2
  DLF              222.47     217.53      213.02     208.08      203.57




                                                    Technical Picture




                                                   Figure: 10 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock managed to breach its support levels and moved in a downtrend this week. It has
next support at 206, breach of this level may take the stock further downwards else it may        RESISTANCE             233
also bounce back from lower support levels.                                                       SUPPORT                206




                                                                                                        www.capitalvia.com 11
                                                                                                WEEKLY
                                                                                                28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                   WEEK AHEAD
 DR REDDY




                                                                                                                               DR REDDY
Weekly Pivots

  STOCK                  R2         R1          PP          S1          S2
  DRREDDY         1570.03     1548.72     1527.53    1506.22     1485.03




                                                     Technical Picture




                                                     Figure: 11 : Nifty50 Graph



TECHNICAL OVERVIEW
Dr.Reddy Lab. has volatile trading session in this week. The stock is holding support of 1470
and if continue to hold in the coming time then some more upside movements may be seen               RESISTANCE         1550
in it.                                                                                               SUPPORT            1500




                                                                                                           www.capitalvia.com 12
                                                                                             WEEKLY
                                                                                             28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                   WEEK AHEAD
 GAIL INDIA




                                                                                                                               DR REDDY
Weekly Pivots

  STOCK                 R2         R1         PP          S1          S2
  GAIL             449.23     443.37      437.33     431.47      425.43




                                                    Technical Picture




                                                   Figure: 12 : Nifty50 Graph



TECHNICAL OVERVIEW
GAIL India has continued to trade in weak trend in this week. The stock is looking bearish
and below the support level of 430 it may show some more downside in the coming time.             RESISTANCE             450
                                                                                                  SUPPORT                430




                                                                                                        www.capitalvia.com 13
                                                                                             WEEKLY
                                                                                             28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                WEEK AHEAD
 HCL




                                                                                                                               HCL
Weekly Pivots

  STOCK                 R2         R1         PP          S1          S2
  HCLTECH          457.17     451.53      442.97     437.33      428.77




                                                    Technical Picture




                                                   Figure: 13 : Nifty50 Graph



TECHNICAL OVERVIEW
HCL has continues to trade in weak trend. The stock has weak closing and below the support
level of 425 it may further continue the downside momentum in the coming time.                    RESISTANCE             455
                                                                                                  SUPPORT                425




                                                                                                        www.capitalvia.com 14
                                                                                           WEEKLY
                                                                                           28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                              WEEK AHEAD
 HDFC BANK




                                                                                                                          HDFC BANK
Weekly Pivots

  STOCK                R2         R1         PP          S1          S2
  HDFCBANK       2118.05      2080.1   2049.05      2011.1    1980.05




                                                  Technical Picture




                                                  Figure: 14 : Nifty50 Graph



TECHNICAL OVERVIEW
HDFC Bank has continues the correction rally in this week. The stock is looking weak and
below the low of 2020 it may further continue the downside momentum in the coming               RESISTANCE         2100
time.                                                                                           SUPPORT            2020




                                                                                                      www.capitalvia.com 15
                                                                                           WEEKLY
                                                                                           28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                                          WEEK AHEAD
 HOUSING DEVELOPMENT FINANCE




                                                                                                                             HOUSING DEVELOPMENT FINANCE
Weekly Pivots

  STOCK                R2         R1         PP          S1          S2
  HDFC             641.87     632.73     622.07     612.93      602.27




                                                  Technical Picture




                                                  Figure: 15 : Nifty50 Graph



TECHNICAL OVERVIEW
Housing Development Finance has sharp correction rally in the week. The stock is trading
with the negative bias and if breach the level of 610 then some more downside momentum          RESISTANCE             635
may be seen in it in the coming time.                                                           SUPPORT                610




                                                                                                      www.capitalvia.com 16
                                                                                             WEEKLY
                                                                                             28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                 WEEK AHEAD
 HERO HONDA




                                                                                                                            HERO HONDA
Weekly Pivots

  STOCK                 R2         R1         PP          S1          S2
  HEROHONDA        1548.82    1524.68    1487.87     1463.73    1426.92




                                                    Technical Picture




                                                   Figure: 16 : Nifty50 Graph



TECHNICAL OVERVIEW
Hero Honda has closed with the gain on wow basis. The stock is consolidating at the higher
level and a decisive breakout above the level of 1525 may show some more uptrend in the           RESISTANCE         1525
coming time.                                                                                      SUPPORT            1450




                                                                                                        www.capitalvia.com 17
                                                                                                WEEKLY
                                                                                                28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                      WEEK AHEAD
 HINDALCO




                                                                                                                                  HINDALCO
Weekly Pivots

  STOCK                  R2         R1          PP          S1          S2
  HINDALCO          215.68     207.87      201.18      193.37      186.68




                                                     Technical Picture




                                                     Figure: 17 : Nifty50 Graph



TECHNICAL OVERVIEW
Hindalco has quite trading session in this week. The stock is trading in weak trend and below
the level of 207 it may show some more correction in the coming time.                                RESISTANCE             209
                                                                                                     SUPPORT                194




                                                                                                           www.capitalvia.com 18
                                                                                              WEEKLY
                                                                                              28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                 WEEK AHEAD
 HUL




                                                                                                                                HUL
Weekly Pivots

  STOCK                 R2         R1          PP          S1          S2
  HINDUNILVR       287.97      284.13     278.07      274.23      268.17




                                                    Technical Picture




                                                    Figure: 18 : Nifty50 Graph



TECHNICAL OVERVIEW
HUL is trading in sideways trend with the positive bias. The stock is looking strong and a
decisive breakout above the resistance level may show some positive trend in the short run.        RESISTANCE             284
                                                                                                   SUPPORT                275




                                                                                                         www.capitalvia.com 19
                                                                                           WEEKLY
                                                                                           28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                                  WEEK AHEAD
 ICICI BANK




                                                                                                                             ICICI BANK
Weekly Pivots

  STOCK                R2         R1         PP          S1          S2
  ICICIBANK      1013.35       999.8        983     969.45      952.65




                                                  Technical Picture




                                                  Figure: 19 : Nifty50 Graph



TECHNICAL OVERVIEW
ICICI Bank has recovered some of its early losses in the week and managed to close above
the level of 940. The stock has immediate resistance of 1005 above which some upside can        RESISTANCE         1005
be seen in it.                                                                                  SUPPORT                940




                                                                                                      www.capitalvia.com 20
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                     WEEK AHEAD
 IDFC




                                                                                                                                   IDFC
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  IDFC              144.42      141.23      136.47      133.28      128.52




                                                      Technical Picture




                                                      Figure: 20 : Nifty50 Graph



TECHNICAL OVERVIEW
IDFC after a selling rally it has shown some recovery in the last trading session of the week.
The stock is looking good and above the level of 140 may show some more upside in the                 RESISTANCE             140
short run.                                                                                            SUPPORT                134




                                                                                                            www.capitalvia.com 21
                                                                                          WEEKLY
                                                                                          28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                                   WEEK AHEAD
 INFOSYS TECHNOLOGIES




                                                                                                                         INFOSYS TECHNOLOGIES
Weekly Pivots

  STOCK                R2         R1         PP          S1          S2
  INFOSYSTCH     3081.97    3044.63    3005.32    2967.98      2928.67




                                                  Technical Picture




                                                  Figure: 21 : Nifty50 Graph



TECHNICAL OVERVIEW
Infosys from the last few trading session was moving in a downward trend and in today's
trading session it manages to trade and close below the 10 days and 50 days moving             RESISTANCE         3080
averages and it was down by 0.05 %. It is now taking support at 2940 and resistance at         SUPPORT            2940
3080 form this level further downside movement would be expected. One can go for short
position in it at 2940 below this it would be in a bearish trend.




                                                                                                     www.capitalvia.com 22
                                                                                          WEEKLY
                                                                                          28th Feb to 05th Mar 2011
        RESEARCH




                                                                                                                             WEEK AHEAD
 ITC




                                                                                                                            ITC
Weekly Pivots

  STOCK                R2         R1         PP          S1          S2
  ITC               160.3      158.3      154.9      152.9       149.5




                                                  Technical Picture




                                                  Figure: 22 : Nifty50 Graph



TECHNICAL OVERVIEW
ITC has found support at 149 and resistance 158 from the last few trading session it is
moving in a price range of 152-162. In today's trading session it manages to trade and         RESISTANCE             158
close below the 10 days and 50 days moving averages, from this level further down side         SUPPORT                149
movement would be expected. It has support at 149 below it might face more selling
pressure.




                                                                                                     www.capitalvia.com 23
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                            WEEK AHEAD
 JAIPRAKASH ASSOCIATES




                                                                                                                                  JAIPRAKASH ASSOCIATES
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  JPASSOCIAT         83.38       81.57       79.28       77.47       75.18




                                                      Technical Picture




                                                      Figure: 23 : Nifty50 Graph



TECHNICAL OVERVIEW
Jaiprakash Associates in the last few trading battered down to 77 levels form 92.30. In
today's trading session it was up by 1.59 %. It has support at 79 below this level it would be        RESISTANCE             84
bearish in trend else above 84 it might be in an upward trend.                                        SUPPORT                79




                                                                                                            www.capitalvia.com 24
                                                                                               WEEKLY
                                                                                               28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                           WEEK AHEAD
 JINDAL STEEL & POWER




                                                                                                                                 JINDAL STEEL & POWER
Weekly Pivots

  STOCK                 R2          R1         PP           S1          S2
  JINDALSTEL         673.7     659.95      638.85       625.1          604




                                                     Technical Picture




                                                     Figure: 24 : Nifty50 Graph



TECHNICAL OVERVIEW
Jindal Steel & Power found support level of 600 which served as a strong support level. In
order to be in an upward trend it has to trade and consolidate above the 10 days and 50 days        RESISTANCE             655
moving averages. It has support at 600 below this level it would be in a bearish trend else         SUPPORT                600
above 655 it would be in a bullish trend.




                                                                                                          www.capitalvia.com 25
                                                                                            WEEKLY
                                                                                            28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                   WEEK AHEAD
 LARSEN AND TOUBRO




                                                                                                                           LARSEN AND TOUBRO
Weekly Pivots

  STOCK                R2          R1         PP          S1          S2
  LT             1579.12     1546.53    1513.42    1480.83     1447.72




                                                   Technical Picture




                                                   Figure: 25 : Nifty50 Graph



TECHNICAL OVERVIEW
L&T from the last few trading session was moving in a downward trend in today's trading
session it was down by 0.16 %. It is taking support at 1461 and resistance at 1546. It is        RESISTANCE         1546
looking weak on charts from this level further downside movement would be expected. One          SUPPORT            1461
can go for short position in it at 1461 below this level it would might face more selling
pressure.




                                                                                                       www.capitalvia.com 26
                                                                                               WEEKLY
                                                                                               28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                          WEEK AHEAD
 KOTAK MAHINDRA BANK




                                                                                                                                 KOTAK MAHINDRA BANK
Weekly Pivots

  STOCK                 R2          R1         PP           S1          S2
  KOTAKBANK         422.07     413.03      400.87      391.83      379.67




                                                     Technical Picture




                                                     Figure: 26 : Nifty50 Graph



TECHNICAL OVERVIEW
Kotak Mahindra Bank from the last few trading session moving in a particular price range of
390-420, from this level either side of movement would be expected. In today's trading              RESISTANCE             412
session it manages to close below the 10 days and 50 days moving averages. It is taking             SUPPORT                390
resistance at 412 above this level it would be in an upward trend else below 390 it would be
in a bearish trend.




                                                                                                          www.capitalvia.com 27
                                                                                              WEEKLY
                                                                                              28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                         WEEK AHEAD
 MAHINDRA & MAHINDRA




                                                                                                                                MAHINDRA & MAHINDRA
Weekly Pivots

  STOCK                 R2         R1          PP          S1          S2
  M&M              642.93      619.07     603.13      579.27      563.33




                                                    Technical Picture




                                                    Figure: 27 : Nifty50 Graph



TECHNICAL OVERVIEW
M&M in today's trading session broke the major support level of 600 and made a low of
587.20. In order to be in an upward trend it has to trade and consolidate above the 10 days        RESISTANCE             627
and 50 days moving averages. It is looking bearish in the coming trading session if it             SUPPORT                587
manages to trade below the support level of 587 else above 627 it would be in an upward
trend.




                                                                                                         www.capitalvia.com 28
                                                                                                  WEEKLY
                                                                                                  28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                          WEEK AHEAD
 MARUTI SUZUKI INDIA




                                                                                                                                 MARUTI SUZUKI INDIA
Weekly Pivots

  STOCK                  R2          R1          PP          S1          S2
  MARUTI           1203.82     1186.23     1165.42     1147.83     1127.02




                                                       Technical Picture




                                                      Figure: 28 : Nifty50 Graph



TECHNICAL OVERVIEW
Maruti in today's trading session battered down to 1144 and took a support at a level of
1140. It is looking weak on charts from this level further downside movement would be                  RESISTANCE         1205
expected. It has resistance at 1205 and support at 1044. One can go for short position in it at        SUPPORT            1044
1044 below this level it might test the next support level of 1025.




                                                                                                             www.capitalvia.com 29
                                                                                             WEEKLY
                                                                                             28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                 WEEK AHEAD
 NTPC




                                                                                                                               NTPC
Weekly Pivots

  STOCK                 R2         R1         PP          S1          S2
  NTPC             175.62     172.73      170.52     167.63      165.42




                                                    Technical Picture




                                                   Figure: 29 : Nifty50 Graph



TECHNICAL OVERVIEW
After making a high of 182.25 it is continuously moving in a down ward trend, it is now
trading at 169.85. In order to be in an upward trend it has to trade and consolidate above        RESISTANCE             174
the 10 days and 50 days moving averages. It is looking weak on charts, below 165 one can          SUPPORT                160
go for short position in it for the target of 160.




                                                                                                        www.capitalvia.com 30
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                     WEEK AHEAD
 ONGC




                                                                                                                                   ONGC
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  ONGC              272.23      267.17      263.63      258.57      255.03




                                                      Technical Picture




                                                      Figure: 30 : Nifty50 Graph



TECHNICAL OVERVIEW
ONGC is looking weak on charts in today's trading session it was down by 1.08 %. In order
to be in an upward trend it has to trade and consolidate above the 10 days and 50 days                RESISTANCE             271
moving averages. It has resistance at 271 above this level it would be in an upward trend else        SUPPORT                268
below 268 it would be in a bearish trend.




                                                                                                            www.capitalvia.com 31
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                                     WEEK AHEAD
 POWER GRID CORPORATION OF INDIA




                                                                                                                                   POWER GRID CORPORATION OF INDIA
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  POWERGRID          101.9      100.55        98.5       97.15         95.1




                                                      Technical Picture




                                                      Figure: 31 : Nifty50 Graph



TECHNICAL OVERVIEW
In today's trading session it was up by 0.97 %, from the few trading session it is moving in a
particular price range of 95-100. It is now taking resistance at 101 and support at 94, from          RESISTANCE             101
this level either side of movement would be expected. One can go for long position in it at           SUPPORT                94
101 above this level it would be bullish in trend.




                                                                                                            www.capitalvia.com 32
                                                                                               WEEKLY
                                                                                               28th Feb to 05th Mar 2011
        RESEARCH




                                                                                                                                         WEEK AHEAD
 PUNJAB NATIONAL BANK




                                                                                                                              PUNJAB NATIONAL BANK
Weekly Pivots

  STOCK                 R2          R1         PP           S1          S2
  PNB               1103.2     1082.4      1054.2     1033.4       1005.2




                                                     Technical Picture




                                                     Figure: 32 : Nifty50 Graph



TECHNICAL OVERVIEW
After making a high of 1127 it is continuously moving in a downward trend, it is now trading
at 1061.60 and it was up by 2.29 %. It has resistance at 1084 and support at 1012. It is            RESISTANCE         1084
looking bearish in the coming trading session if it manages to trade below the support level        SUPPORT            1012
of 1012 else above 1084 it would be in bullish trend.




                                                                                                          www.capitalvia.com 33
                                                                                              WEEKLY
                                                                                              28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                    WEEK AHEAD
 RANBAXY




                                                                                                                                RANBAXY
Weekly Pivots

  STOCK                 R2         R1          PP          S1          S2
  RANBAXY          460.42      454.78     448.27      442.63      436.12




                                                    Technical Picture




                                                    Figure: 33 : Nifty50 Graph



TECHNICAL OVERVIEW
Ranbaxy battered down to 435 from the level of 527 and in today's trading session it was up
by 1.68 % and it manages to trade below the 10 days and 50 days moving averages. It is             RESISTANCE             464
looking weak on charts from this level further downside movement would be expected,                SUPPORT                430
below 430 it would be in a downward.




                                                                                                         www.capitalvia.com 34
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                            WEEK AHEAD
 RELIANCE CAPITAL




                                                                                                                                   RELIANCE CAPITAL
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  RELCAPITAL        477.37      465.83      449.47      437.93      421.57




                                                      Technical Picture




                                                      Figure: 34 : Nifty50 Graph



TECHNICAL OVERVIEW
Reliance capital from the last few trading session was moving sideways, from this level either
side of movement would be expected. It is now taking support at 423 and resistance at 491.            RESISTANCE             491
One can go for short position in it at 423 below this level it would be in a downward trend.          SUPPORT                423




                                                                                                            www.capitalvia.com 35
                                                                                                   WEEKLY
                                                                                                   28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                                WEEK AHEAD
 RELIANCE COMMUNICATION




                                                                                                                                    RELIANCE COMMUNICATION
Weekly Pivots

  STOCK                  R2          R1          PP           S1          S2
  RCOM                98.08       92.77       88.93       83.62       79.78




                                                       Technical Picture




                                                       Figure: 35 : Nifty50 Graph



TECHNICAL OVERVIEW
Reliance communication from the last few trading session was moving sideways and in
today's trading session it broke the major support level of 91.30. It is looking weak on charts,        RESISTANCE             99
one can go for short position in it at 85 below this level it would might face more selling             SUPPORT                85
pressure.




                                                                                                              www.capitalvia.com 36
                                                                                                  WEEKLY
                                                                                                  28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                                WEEK AHEAD
 RELIANCE INDUSTRIES




                                                                                                                                     RELIANCE INDUSTRIES
Weekly Pivots

  STOCK                  R2          R1          PP          S1          S2
  RELIANCE          995.38      980.82      967.68      953.12      939.98




                                                       Technical Picture




                                                      Figure: 36 : Nifty50 Graph



TECHNICAL OVERVIEW
It is taking resistance at 1010 and support at 954. It is looking bearish in the coming trading
session, one can go for short position in at 954 else above 1010 it would be in an upward              RESISTANCE             1010
trend.                                                                                                 SUPPORT                954




                                                                                                             www.capitalvia.com 37
                                                                                                  WEEKLY
                                                                                                  28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                                 WEEK AHEAD
 RELIANCE INFRAUSTRUCTURE




                                                                                                                                    RELIANCE INFRAUSTRUCTURE
Weekly Pivots

  STOCK                  R2          R1          PP          S1          S2
  RELINFRA          706.52      672.03      644.52      610.03      582.52




                                                       Technical Picture




                                                      Figure: 37 : Nifty50 Graph



TECHNICAL OVERVIEW
Reliance Infra made a smart recovery from the support level of 492 and it made a high of
709. It is now taking support at 614 and resistance at 709.It is looking strong on chart in            RESISTANCE             709
today's trading session it was down by 4.25 % from this level further upside movement                  SUPPORT                614
would be expected. Once can go for long position in it at 709 above this level it might be in a
bullish trend.




                                                                                                             www.capitalvia.com 38
                                                                                         WEEKLY
                                                                                         28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                                   WEEK AHEAD
 RELIANCE POWER




                                                                                                                           RELIANCE POWER
Weekly Pivots

  STOCK                R2        R1         PP          S1          S2
  RPOWER           116.9        113      109.5      105.6       102.1




                                                 Technical Picture




                                                 Figure: 38 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock continued its consolidation after a sharp downfall previously. It moved with
negative biasness throughout the week. It has support at 105 and resistance at 118. An        RESISTANCE             118
either side movement is expected till it crosses any of the levels on either side.            SUPPORT                105




                                                                                                    www.capitalvia.com 39
                                                                                                   WEEKLY
                                                                                                   28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                         WEEK AHEAD
 SIEMENS




                                                                                                                                     SIEMENS
Weekly Pivots

  STOCK                  R2          R1          PP           S1          S2
  SIEMENS           849.78       844.57      840.78      835.57      831.78




                                                       Technical Picture




                                                       Figure: 39 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock is consolidating at higher levels currently. One has to wait for crossing of levels on
either side before taking any positions in it.                                                          RESISTANCE             863
                                                                                                         SUPPORT               828




                                                                                                              www.capitalvia.com 40
                                                                                                 WEEKLY
                                                                                                 28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                       WEEK AHEAD
 STERLITE




                                                                                                                                   STERLITE
Weekly Pivots

  STOCK                  R2         R1          PP           S1          S2
  STER              166.83      163.02      160.63      156.82      154.43




                                                      Technical Picture




                                                      Figure: 40 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock resisted at higher levels and had a downfall last two trading sessions of this week.
One should wait for further movement in the stock before taking any positions in it.                  RESISTANCE             175
                                                                                                       SUPPORT               157




                                                                                                            www.capitalvia.com 41
                                                                                                WEEKLY
                                                                                                28th Feb to 05th Mar 2011
         RESEARCH




                                                                                                                                          WEEK AHEAD
 STATE BANK OF INDIA




                                                                                                                               STATE BANK OF INDIA
Weekly Pivots

  STOCK                  R2         R1          PP          S1          S2
  SBIN            2664.75      2623.7     2578.75      2537.7    2492.75




                                                     Technical Picture




                                                     Figure: 41 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock resisted at higher levels and had a steep downfall this week. It has next major
support at 2460; breach of this level may take the stock further down else it may also bounce        RESISTANCE         2670
back from its support levels.                                                                         SUPPORT           2460




                                                                                                           www.capitalvia.com 42
                                                                                              WEEKLY
                                                                                              28th Feb to 05th Mar 2011
         RESEARCH




                                                                                                                                   WEEK AHEAD
 SAIL




                                                                                                                                SAIL
Weekly Pivots

  STOCK                 R2         R1          PP          S1          S2
  SAIL             158.37      156.18     154.02      151.83      149.67




                                                    Technical Picture




                                                    Figure: 42 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock moved in a downward trend this week. It has major support at the level of 150,
breach of this level may bring some more downfall in the stock else it may also bounce back        RESISTANCE             162.50
from lower support levels.                                                                          SUPPORT               150




                                                                                                         www.capitalvia.com 43
                                                                                           WEEKLY
                                                                                           28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                                       WEEK AHEAD
 SUN PHARMACEUTICAL




                                                                                                                             SUN PHARMACEUTICAL
Weekly Pivots

  STOCK                R2         R1         PP           S1          S2
  SUNPHARMA        427.18     422.37      416.18     411.37       405.18




                                                   Technical Picture




                                                   Figure: 43 : Nifty50 Graph



TECHNICAL OVERVIEW
Sun Pharma is holding support of 400 from the last few trading sessions. So if the stock
managed to trade above the support level in the coming time. Then some uptrend may be           RESISTANCE             425
seen in it.                                                                                      SUPPORT               400




                                                                                                      www.capitalvia.com 44
                                                                                                WEEKLY
                                                                                                28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                    WEEK AHEAD
 SUZLON




                                                                                                                                 SUZLON
Weekly Pivots

  STOCK                 R2          R1          PP          S1          S2
  SUZLON                48        47.1        46.1       45.2         44.2




                                                     Technical Picture




                                                     Figure: 44 : Nifty50 Graph



TECHNICAL OVERVIEW
Suzlon has sharp correction rally in the last trading session. The stock has weak closing and
near the crucial support level of 47. So below the support it may show some more downside            RESISTANCE             48
in the coming time.                                                                                   SUPPORT               44




                                                                                                           www.capitalvia.com 45
                                                                                                   WEEKLY
                                                                                                   28th Feb to 05th Mar 2011
        RESEARCH




                                                                                                                                      WEEK AHEAD
 TCS




                                                                                                                                  TCS
Weekly Pivots

  STOCK                  R2          R1          PP           S1          S2
  TCS              1133.85     1121.95       1105.1      1093.2    1076.35




                                                       Technical Picture




                                                       Figure: 45 : Nifty50 Graph



TECHNICAL OVERVIEW
TCS has losses all its early gains of the week and closed flat with the negative bias. The stock
is looking weak and below the level of 1090 some more correction can be seen in it.                     RESISTANCE         1130
                                                                                                         SUPPORT           1090




                                                                                                              www.capitalvia.com 46
                                                                                           WEEKLY
                                                                                           28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                               WEEK AHEAD
 TATA MOTOR




                                                                                                                          TATA MOTOR
Weekly Pivots

  STOCK                R2         R1         PP           S1          S2
  TATAMOTORS        1155.2    1132.95    1102.75      1080.5       1050.3




                                                   Technical Picture




                                                   Figure: 46 : Nifty50 Graph



TECHNICAL OVERVIEW
 Tata motors has negative closing on WoW basis. The stock has some pull back in the last
trading sessions and above the level 1145 some more upside may be seen in the short run.        RESISTANCE         1090
                                                                                                 SUPPORT           1040




                                                                                                      www.capitalvia.com 47
                                                                                               WEEKLY
                                                                                               28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                      WEEK AHEAD
 TATA STEEL




                                                                                                                                 TATA STEEL
Weekly Pivots

  STOCK                 R2          R1         PP           S1          S2
  TATASTEEL         623.35       615.1     603.15       594.9      582.95




                                                     Technical Picture




                                                     Figure: 47 : Nifty50 Graph



TECHNICAL OVERVIEW
Tata steel has witnessed large profit booking at the higher level. The stock has bearish
engulfing pattern in it and if sustains below the level of 635 then some more correction can        RESISTANCE             665
be seen in it.                                                                                       SUPPORT               635




                                                                                                          www.capitalvia.com 48
                                                                                               WEEKLY
                                                                                               28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                   WEEK AHEAD
 TATA POWER




                                                                                                                              TATA POWER
Weekly Pivots

  STOCK                 R2          R1         PP          S1          S2
  TATAPOWER       1211.07     1191.83    1171.92     1152.68     1132.77




                                                     Technical Picture




                                                    Figure: 48 : Nifty50 Graph



TECHNICAL OVERVIEW
Tata power has sharp correction rally in this week. The stock has weak closing and below the
crucial support level of 1150 some more correction can be seen in it in the short run.              RESISTANCE         1215
                                                                                                     SUPPORT           1150




                                                                                                          www.capitalvia.com 49
                                                                                          WEEKLY
                                                                                          28th Feb to 05th Mar 2011
      RESEARCH




                                                                                                                                WEEK AHEAD
 SESA GOA




                                                                                                                            SESA GOA
Weekly Pivots

  STOCK                R2         R1         PP          S1          S2
  SESAGOA         294.67     288.58     279.92     273.83       265.17




                                                  Technical Picture




                                                  Figure: 49 : Nifty50 Graph



TECHNICAL OVERVIEW
The stock had a sharp downfall this week and lost up to 9.30%. A short term recovery is
expected in the stock after a steep downfall. It has next major support at 270.                RESISTANCE             302
                                                                                                SUPPORT               270




                                                                                                     www.capitalvia.com 50
                                                                                                  WEEKLY
                                                                                                  28th Feb to 05th Mar 2011
       RESEARCH




                                                                                                                                      WEEK AHEAD
 WIPRO




                                                                                                                                    WIPRO
Weekly Pivots

  STOCK                  R2          R1          PP          S1          S2
  WIPRO             443.22      438.13      430.62      425.53      418.02




                                                      Technical Picture




                                                      Figure: 50 : Nifty50 Graph



TECHNICAL OVERVIEW
Wipro has volatile trading session in this week. The stock is trading in short term uptrend and
closed with the positive bias. So above the level of 440 some more uptrend may be seen in it.          RESISTANCE             440
                                                                                                        SUPPORT               420




                                                                                                             www.capitalvia.com 51
                                                                                                       WEEKLY
                                                                                                       28th Feb to 05th Mar 2011
      RESEARCH




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