NIFTY 50 Report For The Week

WEEKLY
NIFTY - 50
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G L O B A L R E S E A R C H LT D .
NIFTY - 50 STOCKS REPORTS

29th March 2010 to 03rd Apr 2010
Nifty50 Weekly Report
29th March to 03rd Apr 2010
RESEARCH
Weekly Ahead ABB
Weekly Pivots
STOCK R2 R1 PP S1 S2
ABB LTD. 848.35 838 831.5 821.15 814.65
Technical Picture
Figure: 1 : Nifty50 Graph
Technical Overview
STOCK IS NOT SUSTAINING IN HIGHS AND LOOKING WEEK TECHNICALLY. IN THE STOCK WE MIGHT EXPECT THE
CORRECTION FROM HERE. IN THE DOWNSIDE THE STOCK MAY GET THE SHORT TERM SUPPORT AROUND THE RANGE OF
800 TO 805. CLOSING BELOW THIS SUPPORT RANGE COULD SLIP THE STOCK IN THE SELLERS GRIP AND MIGHT TOUCH
THE LOWER LEVELS OF 765 TO 770 IN NEAR TERM.
RESISTANCE: 860 SUPPORT: 800
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RESEARCH
Weekly Ahead ACC
Weekly Pivots
A.C.C. 950.97 945.43 938.72 933.18 926.47
Technical Picture
Technical Overview
STOCK IS LOOKING TECHNICALLY WEEK AS IN THE STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORTS
THAT STOCK MAY GET THE SHORT TERM SUPPORT AROUND THE RANGE OF 900 TO 905. CLOSING BELOW THIS RANGE
COULD PUSH THE STOCK TILL THE LEVEL OF 865 TO 870 IN NEAR TERM.
RESEARCH
Weekly Ahead AMBUJA CEMENT
Weekly Pivots
AMBUJACEM 122.32 120.83 118.52 117.03 114.72
Technical Picture
Technical Overview
IN THE STOCK AS WE HAD RECOMMENDED THE TG OF 120 IN NEAR TERM IF IT CLOSES ABOVE 115, TODAY IT DID THE TG.
NOW IN STOCK THE SHORT TERM UPSIDE MOMENTUM COULD BE CONTINUE AND COULD LEAD THE STOCK TILL THE
LEVELS OF 124 TO 125 IN SHORT TERM. THE SHORT TERM SUPPORT FOR THE STOCK IS SEEMS TO BE AT THE RANGE OF 114
TO 115.
RESISTANCE: 120.80 SUPPORT: 114.05
RESEARCH
Weekly Ahead AXIS BANK
Weekly Pivots
AXISBANK 1227.35 1210.3 1180.9 1163.85 1134.45
Technical Picture
Technical Overview
IN THE STOCK WE HAD RECOMMENDED IN OUR PREVIOUS REPORTS THAT STOCK MAY HIT THE LEVEL OF 1190 TO 1200
TODAY IT DID. IN THE STOCK WE MIGHT SEE MORE UPMOVES FROM HERE. IN UPSIDE THE STOCK MAY HIT THE LEVEL OF
1225 TO 1230 IN NEAR TERM. IN THE STOCK WE RECOMMEND BUY ON DIPS UNTIL STOCK CLOSE BELOW THE LEVEL OF
1120.
RESEARCH
Weekly Ahead BHEL
Weekly Pivots
BHEL 2425.02 2393.33 2371.67 2339.98 2318.32
Technical Picture
Technical Overview
STOCK IS FACING THE HUGE RESISTANCE CLOSE TO THE LEVEL OF 2400 TO 2420 RANGE. IN THE STOCK WE MIGHT
EXPECT THE DOWNSIDE BREAKOUT FROM HERE. IN THE DOWNSIDE THE STOCK MAY BE SLIP TILL THE LEVELS OF 2245 TO
2250.
RESEARCH
Weekly Ahead BPCL
Weekly Pivots
BHARAT PETRO 520.8 515.45 509.35 504 497.9
Technical Picture
Technical Overview
IN THE STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY BE SLIP TILL THE LEVELS OF
475 TO 480 IF IT CLOSES BELOW THE SUPPORT RANGE OF 495 TO 500.
RESEARCH
Weekly Ahead BHARTI AIRTEL
Weekly Pivots
BHARTIARTL 321.25 315.7 310.35 304.8 299.45
Technical Picture
Technical Overview
STOCK COULD HOLD THE LEVEL OF 300 FROM WHILE. IN THE UPSIDE THE STOCK MAY GET SOME UPSIDE MOMENTUM IF
IT CLOSES ABOVE THE RANGE OF 320 TO 325.
RESEARCH
Weekly Ahead CAIRN INDIA
Weekly Pivots
CAIRN 306.08 300.57 296.78 291.27 287.48
Technical Picture
Technical Overview
STOCK IS HAVING THE RESISTANCE ZONE OF 305 TO 310. CLOSING ABOVE THIS ZONE MIGHT TAKE UP THE STOCK TILL
THE LEVEL OF 325 IN SHORT TERM.
RESEARCH
Weekly Ahead CIPLA
Weekly Pivots
CIPLA 358.93 351.87 347.68 340.62 336.43
Technical Picture
Technical Overview
STOCK HIT OUR TG OF 345 TO 350. NOW IN THE STOCK THE NEXT RESISTANCE SEEMS TO BE AT THE RANGE OF 358 TO
360. CLOSING ABOVE THIS RANGE MIGHT RIDE THE STOCK TILL THE LEVELS OF 370 TO 375 IN NEAR TERM.
RESEARCH
Weekly Ahead DLF
Weekly Pivots
DLF 306.68 300.67 296.33 290.32 285.98
Technical Picture
Technical Overview
STOCK IS TECHNICALLY LOOKING WEEK AND MIGHT BE CORRECTED FROM THE PRESENT LEVELS. IN THE DOWNSIDE THE
STOCK MAY BE SLIP TILL THE LEVELS OF 275 TO 280.
RESEARCH
Weekly Ahead GAIL INDIA
Weekly Pivots
GAIL 408.05 404.8 402.55 399.3 397.05
Technical Picture
Technical Overview
IN THE STOCK WE RECOMMEND SELL ON HIGHS STRATEGY. IN THE SHORT RUN STOCK MAY BE SLIP TILL THE LOWER
LEVELS OF 385 TO 390.
RESEARCH
Weekly Ahead GRASIM
Weekly Pivots
GRASIM IND. 2909.9 2892 2871 2853.1 2832.1
Technical Picture
Technical Overview
STOCK IS GETTING THE GOOD SUPPORT IN THE RANGE OF 2800 TO 2820 RANGE. CLOSING BELOW THIS RANGE MIGHT
PUSH THE STOCK TILL THE LOWER LEVELS OF 2745 TO 2750 IN NEAR TERM..
RESEARCH
Weekly Ahead HCL TECHNOLOGIES
Weekly Pivots
HCL TECHNOLO 378.78 374.77 371.63 367.62 364.48
Technical Picture
Technical Overview
STOCK IS GETTING THE GOOD SUPPORT AT THE RANGE OF 350 TO 355. IN THE STOCK WE RECOMMEND THE BUY ON DIPS
FOR THE TG OF 400 UNTIL IT CLOSE BELOW THE SUPPORT RANGE OF 350 TO 355. BELOW THIS SUPPORT RANGE WE
MIGHT SEE THE STOCK IN THE LOWER LEVELS OF 325 TO 330.
RESEARCH
Weekly Ahead HDFC BANK
Weekly Pivots
HDFC BANK 1995.88 1973.67 1943.38 1921.17 1890.88
Technical Picture
Technical Overview
IN THE STOCK WE HAD ALREADY RECOMMENCED IN OUR PREVIOUS REPORTS THAT STOCK MAY HIT 2000 LEVEL IN NEAR
TERM. IN THE STOCK WE RECOMMEND BUY ON DIPS UNTIL IT CLOSE BELOW THE LEVEL OF 1835.
RESEARCH
Weekly Ahead HERO HONDA
Weekly Pivots
HERO HONDA 2115.85 2063.3 2027.1 1974.55 1938.35
Technical Picture
Technical Overview
STOCK IS LOOKING TO EXHAUST THE UPSIDE RALLY HERE AND MIGHT BE CORRECTED FROM THE PRESENT LEVELS. IN THE
STOCK WE ALSO MIGHT SEE SOME PROFIT BOOKING ON HIGHS. IN THE DOWNSIDE THE STOCK MAY GET THE SHORT
TERM SUPPORT IN THE RANGE OF 1900 TO 1920.
RESEARCH
Weekly Ahead HINDALCO
Weekly Pivots
HINDALCO 182.45 180.55 178.55 176.65 174.65
Technical Picture
Technical Overview
STOCK IS FACING THE RESISTANCE IN THE ZONE OF 180 TO 182. CLOSING ABOVE THIS RESISTANCE ZONE COULD LEAD
THE STOCK TILL THE LEVELS OF 185 TO 186 IN SHORT TERM.
RESEARCH
Weekly Ahead HUL
Weekly Pivots
HINDUNILVR 243.97 241.23 236.67 233.93 229.37
Technical Picture
Technical Overview
IN THE STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK IN THE RECOVERY PHASE AND
MIGHT TOUCH THE HIGHER LEVEL OF 245 IN NEAR TERM.
RESEARCH
Weekly Ahead HDFC
Weekly Pivots
HOUS DEV FIN 2662.93 2637.97 2615.03 2590.07 2567.13
Technical Picture
Technical Overview
STOCK MAY FACE THE NEXT RESISTANCE CLOSE TO THE RANGE OF 2675 TO 2680. CLOSING ABOVE THIS RANGE MIGHT
LEAD THE STOCK FOR THE TG OF 2700 IN SHORT TERM.
RESEARCH
Weekly Ahead ICICI BANK
Weekly Pivots
ICICI BANK 961.53 954.52 944.88 937.87 928.23
Technical Picture
Technical Overview
IN THE STOCK THERE IS BEEN CONGESTION RESISTANCE ZONE IS THERE IN THE RANGE OF 965 TO 980. CLOSING ABOVE
THIS RANGE MIGHT LEAD THE STOCK TO TOUCH THE LEVEL OF 1000 IN NEAR TERM.
RESEARCH
Weekly Ahead IDEA CELLULAR
Weekly Pivots
IDEA 67.7 67.2 66.65 66.15 65.6
Technical Picture
Technical Overview
IN THE STOCK WE HAD RECOMMENDED THAT STOCK MAY BE SLIP TILL THE LOWER LEVELS OF 61 TO 62 IN SHORT TERM.
IF STOCK CLOSE BELOW 65 WE MIGHT SEE MORE CORRECTION IN STOCK AND COULD PUSH TILL THE LOWER LEVELS OF
61 TO 62.
RESEARCH
Weekly Ahead IDFC
Weekly Pivots
IDFC 164.02 162.73 160.87 159.58 157.72
Technical Picture
Technical Overview
IN THE STOCK WE RECOMMEND SELL ON HIGHER LEVELS. STOCK IS LOOKING TECHNICALLY WEEK AND COULD WITNESS
THE SELLING PRESSURE FROM HERE.
RESEARCH
Weekly Ahead INFOSYS
Weekly Pivots
INFOSYS TECH 2849.62 2812.23 2787.62 2750.23 2725.62
Technical Picture
Technical Overview
STOCK WITNESSED THE PROFIT BOOKING TODAY ON HIGHER LEVELS. IN THE DAILY CHART IT FORMED THE UPWARD
TRADING CHANNEL AND STILL LOOKING GOOD ONE FOR MORE UPSIDE. IN THE STOCK WE RECOMMEND BUY ON DIPS
UNTIL IT CLOSE BELOW THE LEVEL OF 2695 TO 2700 RANGE. THE INTRA DAY SUPPORT FOR THE STOCK IS SEEMS TO BE AT
THE RANGE OF 2740 TO 2745.
RESEARCH
Weekly Ahead ITC
Weekly Pivots
ITC 268.07 266.23 264.17 262.33 260.27
Technical Picture
Technical Overview
STOCK IS GETTING CONSOLIDATION CLOSE TO THE RESISTANCE ZONE. STOCK IS LOOKING WELL SET TO MAKE THE
UPSIDE BREAKOUT FROM HERE. IN THE STOCK WE MIGHT EXPECT THE HIGHER LEVELS OF 274 TO 275 IN SHORT TERM.
RESEARCH
Weekly Ahead JP ASSOCIAT
Weekly Pivots
JPASSOCIATEQ 154 152.3 150.65 148.95 147.3
Technical Picture
Technical Overview
STOCK IS HAVING THE GOOD SHORT TERM SUPPORT IN THE RANGE OF 145 TO 146. CLOSING BELOW THIS RANGE COULD
PUSH THE STOCK TILL THE LOWER LEVELS OF 140 TO 141 IN SHORT TERM.
RESEARCH
Weekly Ahead JINDAL STEEL & POWER
Weekly Pivots
JINDL STL&PO 731.1 724.2 717.6 710.7 704.1
Technical Picture
Technical Overview
STOCK IS NOT GETTING THE GOOD UPSIDE MOMENTUM AND NOT GETTING THE VOLUME ACCUMULATION ON HIGHER
LEVELS. IN THE STOCK WE MIGHT EXPECT SOME CORRECTION FROM HERE. IN THE DOWNSIDE THE INTRA DAY SUPPORT
BASE IS SEEMS TO BE AT THE RANGE OF 690 TO 695.
RESEARCH
Weekly Ahead L&T
Weekly Pivots
LT EQ 1658.67 1645.78 1636.77 1623.88 1614.87
Technical Picture
Technical Overview
IN THE STOCK WE RECOMMEND THE BUY ON DIP STRATEGY UNTIL IT CLOSE BELOW THE SUPPORT LEVEL OF 1585. STOCK
MAY HIT THE HIGHER LEVELS OF 1700 TO 1710 FROM THE PRESENT LEVELS.
RESEARCH
Weekly Ahead M&M
Weekly Pivots
MAH & MAH 1105.5 1093.2 1076.6 1064.3 1047.7
Technical Picture
Technical Overview
STOCK IS HAVING THE GOOD SHORT TERM SUPPORT AROUND THE RANGE OF 1030 TO 1040. BELOW THIS RANGE STOCK
MAY BE CORRECTED TILL THE LOWER LEVELS OF 995 TO 1000. IN THE UPSIDE THE STOCK MAY HIT THE HIGHER LEVELS OF
1165 TO 1170 IF IT CLOSES ABOVE THE LEVEL OF 1140.
RESEARCH
Weekly Ahead MARUTI SUZUKI
Weekly Pivots
MARUTI 1437.58 1417.22 1392.63 1372.27 1347.68
Technical Picture
Technical Overview
STOCK IS LOOKING TECHNICALLY WEEK AND MIGHT MAKE THE STRONG DOWNSIDE BREAKOUT. STOCK IS LOOKING
GOOD FOR SHORT SIDE. STOCK IS HAVING THE GOOD SHORT TERM SUPPORT AROUND THE SUPPORT RANGE OF 1300 TO
1315. CLOSING BELOW THIS RANGE MIGHT PUSH THE STOCK TILL THE LOWER LEVELS OF 1215 TO 1220 IN NEAR TERM.
RESEARCH
Weekly Ahead NTPC
Weekly Pivots
NTPC EQ 204.42 203.48 202.27 201.33 200.12
Technical Picture
Technical Overview
STOCK IS FACING THE RESISTANCE CLOSE TO THE RANGE OF 206 TO 208. IN THE STOCK WE RECOMMEND SELLIN HIGHER
LEVELS UNTIL IT CLOSE ABOVE THE LEVEL OF 206 FOR THE TG OF 188 TO 190.
RESEARCH
Weekly Ahead ONGC
Weekly Pivots
ONGC CORP. 1098.63 1089.27 1074.63 1065.27 1050.63
Technical Picture
Technical Overview
IN THE STOCK WE HAVE THE BROAD TRADING RANGE OF 1050 TO 1095. BELOW 1050 STOCK MAY BE SLIP TILL THE
LOWER LEVELS OF 995 TO 1000 IN NEAR TERM.
RESEARCH
Weekly Ahead POWER GRID CORPORATION
Weekly Pivots
POWERGRID 108.35 107.55 106.7 105.9 105.05
Technical Picture
Technical Overview
IN THE STOCK THE SHORT TERM SUPPORT RANGE IS SEEMS TO BE AT THE 100 TO 102. CLOSING BELOW THIS COULD SLIP
THE STOCK TILL THE LOWER LEVELS OF 95 TO 96.
RESISTANCE: 115.50 SUPPORT: 102
RESEARCH
Weekly Ahead PNB BANK
Weekly Pivots
PNB 1026.97 1014.43 1004.97 992.43 982.97
Technical Picture
Technical Overview
STOCK IS LOOKING TO EXHAUST THE UPSIDE RALLY AND COULD WITNESS SOME CORRECTION FROM HERE. IN THE
DOWNSIDE THE STOCK MAY GET THE GOOD SHORT TERM SUPPORT IN THE RANGE OF 940 TO 950.
RESEARCH
Weekly Ahead RANBAXY LAB
Weekly Pivots
RANBAXY LAB. 484.82 480.13 474.82 470.13 464.82
Technical Picture
Technical Overview
STOCK IS FACING THE RESISTANCE IN THE ZONE OF 280 TO 285. CLOSING ABOVE THIS RANGE MIGHT RIDE THE STOCK
TILL THE LEVEL OF 500 IN SHORT TERM.
RESEARCH
Weekly Ahead REL CAP
Weekly Pivots
REL.CAPITAL 790.05 782.35 776.3 768.6 762.55
Technical Picture
Technical Overview
IN THE STOCK WE HAD ALREADY MENTIONED IN OUR PREVIOUS REPORT THAT STOCK MAY BE CORRECTED TILL THE
LOWER LEVELS OF 720 TO 725 IN NEAR TERM.
RESEARCH
Weekly Ahead RCOM
Weekly Pivots
RCOM 171.77 169.83 168.57 166.63 165.37
Technical Picture
Technical Overview
IN THE STOCK THE COUNTER RALLY IS LOOKING TO BE EXHAUST HERE AND NOW COULD WITNESS THE CORRECTION
FROM HERE. IN THE DOWNSIDE THE STOCK MAY GET THE SHORT TERM SUPPORT AT THE SUPPORT RANGE OF 160 TO 161.
RESEARCH
Weekly Ahead RIL
Weekly Pivots
REL.CAPITAL 790.05 782.35 776.3 768.6 762.55
Technical Picture
Technical Overview
STOCK IS NOT SUSTAINING ON HIGHS AND NOT PARTICIPATING IN THE UPSIDE RALLY. IN THE STOCK WE MIGHT SEE THE
RANGE BOUND MOVEMENT FOR SOME TIME.
RESEARCH
Weekly Ahead RELIANCE INFRA
Weekly Pivots
RELINFRA 1043.35 1024.7 1013.35 994.7 983.35
Technical Picture
Technical Overview
STOCK IS TECHNICALLY LOOKING WEEK AND IN THE STOCK WE MIGHT EXPECT THE LOWER LEVELS OF 965 TO 970 IN
NEAR TERM. IF STOCK SUSTAIN ON THESE LOWER LEVELS WE MIGHT SEE THE LEVEL OF 905 TO 910 IN STOCK.
RESEARCH
Weekly Ahead REL POWER
Weekly Pivots
RPOWER 153.92 151.33 149.72 147.13 145.52
Technical Picture
Technical Overview
IN THE STOCK WE HAD RECOMMENDED THAT STOCK MAY HIT THE LEVEL OF 151 TO 152 IF IT CLOSE ABOVE 145 SO IT DID
OUR TG. NOW IN STOCK WE MIGHT SEE THE RANGE BOUND MOVEMENT. CLOSING ABOVE 152 LEVEL COULD LEAD THE
STOCK TILL THE LEVELS OF 155 TO 156.
RESEARCH
Weekly Ahead SIEMENS
Weekly Pivots
SIEMENS 775.58 759.47 749.78 733.67 723.98
Technical Picture
Technical Overview
STOCK MAY BE IN UPSIDE CONSOLIDATION FOR WHILE AND COULD GET THE SHORT TERM SUPPORT AROUND THE LEVEL
OF 720.
RESEARCH
Weekly Ahead SBI
Weekly Pivots
STATE BANK 2098.25 2085.55 2065.3 2052.6 2032.35
Technical Picture
Technical Overview
STOCK IS HOLDING THE SUPPORTS LEVEL AND MIGHT WITNESS SOME MORE UPMOVES IF IT CLOSES ABOVE THE LEVELS
OF 2137 TO 2140. IN THE DOWNSIDE THE SHORT TERM SUPPORT BASE IS SEEMS TO BE AT THE SUPPORT RANGE OF 1990
TO 2000.
RESEARCH
Weekly Ahead SAIL
Weekly Pivots
STEEL AUTHOR 247.88 245.97 244.53 242.62 241.18
Technical Picture
Technical Overview
IN THE STOCK THE SHORT TERM RESISTANCE IS SEEMS TO BE AT THE RANGE OF 250 TO 252. CLOSING ABOVE THIS RANGE
COULD LEAD THE STOCK TILL THE LEVELS OF 265 TO 267 IN NEAR TERM.
RESEARCH
Weekly Ahead STERLITE
Weekly Pivots
STER EQ 832.83 826.42 821.08 814.67 809.33
Technical Picture
Technical Overview
STOCK IS FACING THE HUGE RESISTANCE IN THE RANGE OF 830 TO 845. IN THE STOCK THE SHORT TERM SUPPORT RANGE
IS SEEMS TO BE AT THE LEVELS OF 790 TO 795.
RESEARCH
Weekly Ahead SUN PHARMA
Weekly Pivots
SUN PHARMA. 1809.57 1789.63 1765.07 1745.13 1720.57
Technical Picture
Technical Overview
IN THE STOCK WE MIGHT EXPECT THE UPSIDE MOMENTUM TO CONTINUE AND COULD HIT THE HIGHER LEVELS OF 1800
IN NEAR TERM. IN THE STOCK WE RECOMMEND BUY ON DIPS UNTIL IT CLOSE BELOW THE LEVEL OF 1674.
RESEARCH
Weekly Ahead SUZLON
Weekly Pivots
SUZLON 74.67 73.73 72.97 72.03 71.27
Technical Picture
Technical Overview
IN THE STOCK CLOSING BELOW 70 COULD PUSH TILL 67 TO 68. IN THE UPSIDE CLOSING ABOVE 78 COULD LEAD THE
STOCK TILL THE LEVEL OF 81 TO 82 IN NEAR TERM.
RESEARCH
Weekly Ahead TCS
Weekly Pivots
TCS EQ 841.48 833.27 827.78 819.57 814.08
Technical Picture
Technical Overview
IN THE STOCK THE SHORT TERM SUPPORT RANGE IS SEEMS TO BE AT THE 800 TO 810. CLOSING BELOW THIS SUPPORT
RANGE MIGHT PUSH THE STOCK TILL THE LOWER LEVELS OF 775 TO 780 IN NEAR TERM.
RESEARCH
Weekly Ahead TATA MOTORS
Weekly Pivots
TATAMOTORSEQ 773.38 761.57 744.98 733.17 716.58
Technical Picture
Technical Overview
IN THE STOCK WE HAD SEEN THE GOOD BUYING SUPPORT AROUND THE SUPPORT RANGE OF 705 TO 715. NOW IN THE
STOCK THE SHORT TERM UPMOVE COULD BE CONTINUE AND COULD HIT THE LEVEL OF 755 TO 760 IN NEAR TERM.
RESEARCH
Weekly Ahead TATA POWER
Weekly Pivots
TATA POWER 1376.65 1370.55 1362.4 1356.3 1348.15
Technical Picture
Technical Overview
IN THE STOCK WE RECOMMEND BUY ON DIPS STRATEGY UNTIL IT CLOSE BELOW THE LEVELS OF 1300 TO 1305. STOCK
MAY BE TARGET THE UPSIDE LEVEL OF 1420 TO 1425 IN NEAR TERM.
RESEARCH
Weekly Ahead TATA STEEL
Weekly Pivots
TATASTEEL 657.17 650.63 643.47 636.93 629.77
Technical Picture
Technical Overview
STOCK IS FACING THE RESISTANCE IN THE ZONE OF 650 TO 655. IN THE STOCK THE SHORT TERM SUPPORT IS SEEMS TO BE
AT THE LEVEL OF 620. BELOW THIS STOCK MAY BE SLIP TILL THE LOWER LEVELS OF 600 TO 605.
RESEARCH
Weekly Ahead UNITECH
Weekly Pivots
UNITECH LTD 73.25 72.25 71.5 70.5 69.75
Technical Picture
Technical Overview
STOCK WITNESSED THE RANGE BOUND MOVEMENT FROM FEW TRADING SESSIONS AND COULD CONTINUE THE SAME
MOVEMENT FOR WHILE. IN THE DOWNSIDE THE INTRA DAY SUPPORT IS SEEMS TO BE AT SUPPORT RANGE OF 69 TO 70.
RESEARCH
Weekly Ahead WIPRO
Weekly Pivots
WIPRO 736.53 727.02 719.63 710.12 702.73
Technical Picture
Technical Overview
IN THE STOCK WE HAD ALREADY RECOMMENDED IN OUR PREVIOUS REPORT THAT STOCK MAY BE SLIP TILL THE LOWER
LEVELS OF 700 TO 705 IN NEAR TERM.
RESEARCH
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WEEKLY

NIFTY - 50 STOCKS REPORTS

Weekly Ahead ABB

ABB LTD. 848.35 838 831.5 821.15 814.65

Figure: 1 : Nifty50 Graph

RESISTANCE: 860 SUPPORT: 800

Weekly Ahead ACC

A.C.C. 950.97 945.43 938.72 933.18 926.47

Figure: 1 : Nifty50 Graph

RESISTANCE: 995 SUPPORT: 905

Weekly Ahead AMBUJA CEMENT

AMBUJACEM 122.32 120.83 118.52 117.03 114.72

Figure: 1 : Nifty50 Graph

RESISTANCE: 120.80 SUPPORT: 114.05

Weekly Ahead AXIS BANK

AXISBANK 1227.35 1210.3 1180.9 1163.85 1134.45

Figure: 1 : Nifty50 Graph

RESISTANCE: 1250 SUPPORT: 1120

Weekly Ahead BHEL

BHEL 2425.02 2393.33 2371.67 2339.98 2318.32

Figure: 1 : Nifty50 Graph

RESISTANCE: 2435 SUPPORT: 2320

Weekly Ahead BPCL

BHARAT PETRO 520.8 515.45 509.35 504 497.9

Figure: 1 : Nifty50 Graph

RESISTANCE: 550 SUPPORT: 500

Weekly Ahead BHARTI AIRTEL

BHARTIARTL 321.25 315.7 310.35 304.8 299.45

Figure: 1 : Nifty50 Graph

RESISTANCE: 322 SUPPORT: 302

Weekly Ahead CAIRN INDIA

CAIRN 306.08 300.57 296.78 291.27 287.48

Figure: 1 : Nifty50 Graph

RESISTANCE: 305 SUPPORT: 288

Weekly Ahead CIPLA

CIPLA 358.93 351.87 347.68 340.62 336.43

Figure: 1 : Nifty50 Graph

RESISTANCE: 358 SUPPORT: 338

Weekly Ahead DLF

DLF 306.68 300.67 296.33 290.32 285.98

Figure: 1 : Nifty50 Graph

RESISTANCE: 320 SUPPORT: 286

Weekly Ahead GAIL INDIA

GAIL 408.05 404.8 402.55 399.3 397.05

Figure: 1 : Nifty50 Graph

RESISTANCE: 424 SUPPORT: 390

Weekly Ahead GRASIM

GRASIM IND. 2909.9 2892 2871 2853.1 2832.1

Figure: 1 : Nifty50 Graph

RESISTANCE: 2988 SUPPORT: 2811

Weekly Ahead HCL TECHNOLOGIES

HCL TECHNOLO 378.78 374.77 371.63 367.62 364.48

Figure: 1 : Nifty50 Graph

RESISTANCE: 385 SUPPORT: 351

Weekly Ahead HDFC BANK

HDFC BANK 1995.88 1973.67 1943.38 1921.17 1890.88

Figure: 1 : Nifty50 Graph

RESISTANCE: 2050 SUPPORT: 1836

Weekly Ahead HERO HONDA

HERO HONDA 2115.85 2063.3 2027.1 1974.55 1938.35

Figure: 1 : Nifty50 Graph

RESISTANCE: 2140 SUPPORT: 1918

Weekly Ahead HINDALCO