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

WEEKLY

STOCKS REPORTS
15th NOV - 20th NOV 2010
www.capitalvia.com
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
ACC

ACC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ACC 1114.98 1097.12 1084.13 1066.27 1053.28

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had a correction phase this week after showing an up rally in previous week, It
holds the bullish trend until it crosses 1065 in downside, and now faces resistance at 1150, RESISTANCE 1150
crossing of this may take up the stock till the levels of 1180-1200 in near term. One could go SUPPORT 1065
for buying dip strategy in this stock.

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
AMBHUJA CEMENT

AMBHUJA CEMENT
Weekly Pivots

STOCK R2 R1 PP S1 S2
AMBUJACEM 165.3 161.9 159.1 155.7 152.9

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock showed an uptrend this week. One could go for buying on dip strategy until it
crosses 150 in downside as the stock holds the bullish trend. RESISTANCE 170
SUPPORT 150

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
AXIS

AXIS
Weekly Pivots

STOCK R2 R1 PP S1 S2
AXISBANK 1547.03 1519.52 1500.48 1472.97 1453.93

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock traded with negative biasness this week. It now faces support at 1480 if it
manages to cross this level and sustains below this, it may be expected to move till the levels RESISTANCE 1565
of 1440-1430 in near term else it may take support at lower levels and bounce back. SUPPORT 1480

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
BAJAJ AUTO

BAJAJ AUTO
Weekly Pivots

STOCK R2 R1 PP S1 S2
BAJAJ-AUTO 1653.75 1617.6 1584.8 1548.65 1515.85

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is facing sideways movement currently. It faces resistance at 1650 and support at
1520. One has to wait for crossing of levels on either side. RESISTANCE 1650
SUPPORT 1520

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
BHEL

BHEL
Weekly Pivots

STOCK R2 R1 PP S1 S2

BHEL 2444.87 2416.93 2396.97 2369.03 2349.07

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock is moving in bearish trend. This week it was able to achieve our mentioned levels.
We have already mentioned about the stock that one may go for sell on rise strategy until it RESISTANCE 2550
crosses 2550 in upside and hold the short positions in this stock. It now faces support at SUPPORT 2375
2375, crossing of which may bring some more selling pressure in the stock.

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
BPCL

BPCL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BPCL 760.75 745.6 735.85 720.7 710.95

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had both side movements this week. One could go for buying on dip strategy until
it crosses 700 in downside and hold the long positions in this stock as it is expected to move RESISTANCE 780
till the levels of 780 in next trading sessions. SUPPORT 700

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
BHARTI AIRTEL

BHARTI AIRTEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
BHARTIARTL 320.92 313.23 308.32 300.63 295.72

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had a bearish trend throughout this week and was able to achieve the mentioned
levels. It now faces support at 300, crossing of which may take the stock further down till the RESISTANCE 352
levels of 290 in near term. SUPPORT 314

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
CIPLA

CIPLA
Weekly Pivots

STOCK R2 R1 PP S1 S2
CIPLA 346.22 337.93 332.47 324.18 318.72

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had a bearish trend throughout this week and was able to achieve the mentioned
levels. It now faces support at 323, crossing of which may take the stock further down else it RESISTANCE 355
may also bounce back. SUPPORT 323

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
CAIRN

CAIRN
Weekly Pivots

STOCK R2 R1 PP S1 S2
CAIRN 338.17 334.88 330.72 327.43 323.27

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock has tried to take support at lower levels and traded with slight positive biasness
throughout this week. It now faces resistance at 340; crossing of this level may take the stock RESISTANCE 340
further up else it may also bounce back from this level. SUPPORT 315

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
DLF

DLF
Weekly Pivots

STOCK R2 R1 PP S1 S2
DLF 347.73 337.47 331.23 320.97 314.73

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
The stock had both side movement this week and crossed its support level in the last trading
session of the week. It now holds the bearish trend; one may go for sell on rise strategy in the RESISTANCE 375
stock as it is expected to move till the levels of 315-310 in near run. SUPPORT 332

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
DR REDDY

DR REDDY
Weekly Pivots

STOCK R2 R1 PP S1 S2

DRREDDY 1781.65 1762.3 1741.65 1722.3 1701.65

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Dr.Reddy has bullish trend. The stock now trading in a sideways trend and a decisive move
above the level of 1785 can show further upside moments in the coming time. The stock if RESISTANCE 1785
sustained below the level of 1725 can show some correction in the coming time. SUPPORT 1710

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
GAIL INDIA

DR REDDY
Weekly Pivots

STOCK R2 R1 PP S1 S2
GAIL 508.33 496.97 483.83 472.47 459.33

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
GAIL India is in consolidation state. The stock has crucial support level of 470 above which if
the stock price sustained then upside moments may continues in the coming time. The stock RESISTANCE 500
is looking risky below the level of 470. SUPPORT 470

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
HCL

HCL
Weekly Pivots

STOCK R2 R1 PP S1 S2
HCLTECH 409.35 405.9 402.95 399.5 396.55

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
HCL made high of 456 and since then trading with the negative sentiments. The stock has
crucial support level of 395 above which if the stock price sustained then bounce back may RESISTANCE 412
be seen in it. The stock is looking risky below the level of 395. SUPPORT 395

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
HDFC BANK

HDFC BANK
Weekly Pivots

STOCK R2 R1 PP S1 S2
HDFCBANK 2406.97 2360.93 2332.97 2286.93 2258.97

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
HDFC bank has weak trend and facing resistance at 2380. The stock is in a correction stage
and below the level of 2285 the stock may continue the down trend in the coming time. RESISTANCE 2380
SUPPORT 2285

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
HOUSING DEVELOPMENT FINANCE

HOUSING DEVELOPMENT FINANCE


Weekly Pivots

STOCK R2 R1 PP S1 S2
HDFC 735.22 725.63 716.92 707.33 698.62

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Housing Development Finance rallied from the support level of 660. The stock now in a
consolidation state and has immediate resistance at the level of 730 and support level of 695 RESISTANCE 730
in the short run. SUPPORT 695

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
HERO HONDA

HERO HONDA
Weekly Pivots

STOCK R2 R1 PP S1 S2
HEROHONDA 1858.05 1841.3 1818.15 1801.4 1778.25

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Hero Honda made high of 1926 and since then trading with the negative sentiments. The
stock has immediate support level of 1800 below which if the stock price sustained then RESISTANCE 1870
some more correction may be seen in it. SUPPORT 1800

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
HINDALCO

HINDALCO
Weekly Pivots

STOCK R2 R1 PP S1 S2
HINDALCO 237.5 230.3 225.8 218.6 214.1

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Hindalco has bullish trend. The stock is now in a consolidation state and has immediate
support level of 220 above which the stock price may continue to move in the uptrend. The RESISTANCE 235
stock is looking risky below the level of 220 and may show some more correction in the SUPPORT 220
coming time.

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
HUL

HUL
Weekly Pivots

STOCK R2 R1 PP S1 S2
HINDUNILVR 313.7 307.75 304.05 298.1 294.4

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
HUL is in bullish trend. The stock is now in a correction stage. The stock has crucial support
level of 295 below which if the stock price sustained then some more downside may be seen RESISTANCE 312
in it. SUPPORT 295

www.capitalvia.com 19
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
ICICI BANK

ICICI BANK
Weekly Pivots

STOCK R2 R1 PP S1 S2
ICICIBANK 1250.78 1225.62 1209.73 1184.57 1168.68

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
ICICI Bank has bullish trend. The stock is in correction stage and has crucial support level of
1185 below which if the stock price sustained then some more downside may be seen in it. RESISTANCE 1240
SUPPORT 1185

www.capitalvia.com 20
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
IDFC

IDFC
Weekly Pivots

STOCK R2 R1 PP S1 S2
IDFC 205.3 197.7 193.4 185.8 181.5

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
IDFC made high of 219 and since then trading with the negative sentiments. The stock has
immediate support level of 184 below which if the stock price sustained then some more RESISTANCE 200
correction may be seen in it. SUPPORT 184

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
INFOSYS TECHNOLOGIES

INFOSYS TECHNOLOGIES
Weekly Pivots

STOCK R2 R1 PP S1 S2
INFOSYSTCH 3058.28 3028.07 3008.53 2978.32 2958.78

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it was down by 1.86 %. It is now taking resistance at 3119 and
support at 2944 looking bearish in the coming trading session if it manages to trade below RESISTANCE 3119
the support level of 2944 else it has resistance at 3119 above this level it would be in a bullish SUPPORT 2944
trend.

www.capitalvia.com 22
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
ITC

ITC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ITC 179.02 176.43 174.42 171.83 169.82

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it traded below the 10 days and 50 days moving averages and now
it is moving in a downward trend with good volume. It is looking bearish in the coming RESISTANCE 180
trading session, if it manages to trade below the support level of 170. One can take short SUPPORT 170
position in it at 170 else it has resistance level of 180 above this level it would be in a bullish
trend.

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
JAIPRAKASH ASSOCIATES

JAIPRAKASH ASSOCIATES
Weekly Pivots

STOCK R2 R1 PP S1 S2
JPASSOCIAT 138.97 134.13 131.07 126.23 123.17

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Jaiprakash Associates form the last few trading session moving in a downward trend. In
today's trading session it closed above the 10 days and 50 days moving averages. It has RESISTANCE 141
resistance at 141 and support at 122. One can take a short position in it, below 122 it would SUPPORT 122
be in a bearish trend.

www.capitalvia.com 24
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
JINDAL STEEL & POWER

JINDAL STEEL & POWER


Weekly Pivots

STOCK R2 R1 PP S1 S2
JINDALSTEL 724.97 705.93 693.97 674.93 662.97

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking support at the level of 676, from the last few trading session it was moving in a
downward trend from this level either side of movement would be expected. Once it RESISTANCE 724
manages to cross the level of 724 it would be in an uptrend else it has support at 676 below SUPPORT 676
this it would might face more selling pressure.

www.capitalvia.com 25
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
LARSEN AND TUBRO

LARSEN AND TOUBRO


Weekly Pivots

STOCK R2 R1 PP S1 S2
LT 2143.38 2111.82 2092.43 2060.87 2041.48

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it manages to trade below the 10 days and 50 days moving
averages. Looking bearish in the coming trading session one can go for short position in it at RESISTANCE 2124
2124 else it has support at 2044 below this level it would be in a downward trend. SUPPORT 2044

www.capitalvia.com 26
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
KOTAK MAHINDRA BANK

KOTAK MAHINDRA BANK


Weekly Pivots

STOCK R2 R1 PP S1 S2
KOTAKBANK 496.42 487.23 479.77 470.58 463.12

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it closed below the 10 days and 50 days moving averages and it
was down by 2.17 % now it is moving sideways form this level either side of movement RESISTANCE 498
would be expected. One can go for short position in it at 464. It has resistance at 498 and SUPPORT 465
support at 464 below this level it would might face more selling pressure.

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
MAHINDRA & MAHINDRA

MAHINDRA & MAHINDRA


Weekly Pivots

STOCK R2 R1 PP S1 S2
M&M 832.38 802.77 785.38 755.77 738.38

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it manages to trade above the 10 days and 50 days moving
averages. Looking positive in the coming trading session if it manages to trade above the RESISTANCE 827
resistance level of 827 else it has support level at 705 below this level it would be in a SUPPORT 750
downward trend.

www.capitalvia.com 28
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
MARUTI SUZUKI INDIA

MARUTI SUZUKI INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
MARUTI 1480.8 1467.65 1455.85 1442.7 1430.9

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
It is taking support at 1420 and resistance at 1530. It is now trading at 1454.50 from the last
few trading session it is moving sideways. Looking bearish in the coming trading session if it RESISTANCE 1530
manages to trade below the support level of 1420 else above 1530 it would might be in an SUPPORT 1420
uptrend.

www.capitalvia.com 29
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
NTPC

NTPC
Weekly Pivots

STOCK R2 R1 PP S1 S2
NTPC 194.83 193.52 192.63 191.32 190.43

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In today's trading session it was down by 0.38 % and it manages to trade below the 10 days
and 50 days moving averages. Form the last few trading session it is moving in a downward RESISTANCE 195
from this level either side of movement would be expected. In order to be in an uptrend it has SUPPORT 190
to trade and consolidate above the resistance level of 195 else it has support at 190 below
this level it would be bearish.

www.capitalvia.com 30
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
ONGC

ONGC
Weekly Pivots

STOCK R2 R1 PP S1 S2
ONGC 1340.93 1322.82 1308.88 1290.77 1276.83

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
Form the last few trading session it was moving in a downtrend in today trading session it
was down by 0.99 %. It has resistance at 1354 and support at 1289 it is now trading below RESISTANCE 1354
the 10 days and 50 days moving averages. It is looking bearish in the coming trading session SUPPORT 1289
if it manages to trade below the support level of 1289 else above 1354 it would might be in
an upward trend.

www.capitalvia.com 31
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
POWER GRID CORPORATION OF INDIA

POWER GRID CORPORATION OF INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
POWERGRID 103.12 101.33 100.17 98.38 97.22

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it had been sideways, initially 2 days of this week it has taken the support at
95.35 and buying has been seen but could not sustained at higher level and given the weak RESISTANCE 91
closing on Friday, it has very strong support at the level of 91 if it break this level then it will SUPPORT 109
continue its down trend else it may consolidate in near futures.

www.capitalvia.com 32
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
PUNJAB NATIONAL BANK

PUNJAB NATIONAL BANK


Weekly Pivots

STOCK R2 R1 PP S1 S2
PNB 1372.32 1348.63 1334.32 1310.63 1296.32

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
In this week it has been in down trend and given the weak closing, long term trend of this
stock is bullish but now it is in mode of correction, it may correct till the level of 1265, it has RESISTANCE 1401
very strong support at the level of 1265 if it gives closing below to this level then it may SUPPORT 1240
reverse its trend else it may continue its long term trend.

www.capitalvia.com 33
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
RANBAXY

RANBAXY
Weekly Pivots

STOCK R2 R1 PP S1 S2
RANBAXY 605.23 590.72 581.43 566.92 557.63

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our earlier report this week it had been in correction and given the weak closing, now
it faces the support at the level of 550 ,if it given closing below 556 level then it will continue RESISTANCE 625
down trend else it may get consolidate in near future. SUPPORT 556

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE CAPITAL

RELIANCE CAPITAL
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELCAPITAL 832.2 808.2 793.95 769.95 755.7

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our earlier mentioned report it could not sustain at higher level and on Friday it gives
break out of tilted trend line which is indication of trend reversal, now it faces support of 777 RESISTANCE 872
if it break this support then it may take down ward trend, along with it faces resistance at the SUPPORT 802
level of 845, thus one may adopt in this stock “sell on higher” level strategy for the short
term target of 765 till it closes above 845.

www.capitalvia.com 35
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE COMMUNICATION

RELIANCE COMMUNICATION
Weekly Pivots

STOCK R2 R1 PP S1 S2
RCOM 178.77 174.33 171.67 167.23 164.57

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it had been sideways but on Friday it had given the weak closing ,it has been in
sideways trend since few week now it faces the support at the level of 165 if it break this RESISTANCE 188
support then it may take down trend else it may take support at this level and buying may be SUPPORT 165
seen .

www.capitalvia.com 36
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE INDUSTRIES

RELIANCE INDUSTRIES
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELIANCE 1099.15 1080.5 1068.75 1050.1 1038.35

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it could not sustained at higher level and shown the weak movement now it faces
the support at the level of 1033 if it break its support then selling pressure may be continued RESISTANCE 1134
else it may take support at this level and may adopt sideways trend in near future. SUPPORT 1070

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE INFRAUSTRUCTURE

RELIANCE INFRAUSTRUCTURE
Weekly Pivots

STOCK R2 R1 PP S1 S2
RELINFRA 1084.47 1066.93 1054.47 1036.93 1024.47

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it had been sideways, as per our earlier report this stock is moving in the range of
1079- 1025 thus one should wait till it crosses either side level. RESISTANCE 1079
SUPPORT 1007

www.capitalvia.com 38
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
RELIANCE POWER

RELIANCE POWER
Weekly Pivots

STOCK R2 R1 PP S1 S2
RPOWER 194.25 188.8 185.25 179.8 176.25

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our earlier report it achieved its target and gave the very positive momentum in next
week profit booking may be seen ,now it faces the resistance of 210 until and unless it gives RESISTANCE 210
closing above to this level it will not confirm its positive trend and may get consolidate. SUPPORT 165

www.capitalvia.com 39
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
SIEMENS

SIEMENS
Weekly Pivots

STOCK R2 R1 PP S1 S2
SIEMENS 856.1 840.8 827.95 812.65 799.8

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it had been sideways, this stock right now In the form of correction, making
higher bottom every times thus one may adopt in this stock “Buy On Dips” for the short term RESISTANCE 860
target of 850 till it closes below 785. SUPPORT 785

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
STERLITE

STERLITE
Weekly Pivots

STOCK R2 R1 PP S1 S2
STER 193.12 187.53 183.17 177.58 173.22

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our earlier report this week it traded near to its year high and then profit booking has
been seen ,it has positive trend since few week ,now it faces the support at the level of 166 RESISTANCE 186
and resistance at the level of 165 one should wait till it determine its direction . SUPPORT 165

www.capitalvia.com 41
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
STATE BANK OF INDIA

STATE BANK OF INDIA


Weekly Pivots

STOCK R2 R1 PP S1 S2
SBIN 3240.9 3133.85 3067.95 2960.9 2895

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it could not sustain on higher level and selling pressure has been seen in this stock,
on Friday it gave the weak closing, long term trend of this stock is bullish, but in this weak it RESISTANCE 3250
moved slightly negatively, it faces the strong support at the level of 3045 if it broke its SUPPORT 3100
support then it may take down ward trend in near future else it may give the indication of
trend reversal at that point.

www.capitalvia.com 42
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
SAIL

SAIL
Weekly Pivots

STOCK R2 R1 PP S1 S2
SAIL 197.93 194.77 192.93 189.77 187.93

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our earlier report this week it did not break the support of 191 and buying has been
seen but it could not sustain on higher level, its trend is downward and it faces the very RESISTANCE 206
strong support of 185 if it gives closing below to this level then it will continue its down SUPPORT 185
trend else it may take support at this point, along with it has resistance at the level of 206.

www.capitalvia.com 43
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
SUN PHARMACEUTICAL

SUN PHARMACEUTICAL
Weekly Pivots

STOCK R2 R1 PP S1 S2
SUNPHARMA 2415.8 2368.7 2336.85 2289.75 2257.9

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it had been positive, trend of this stock is bullish, now it faces the resistance of
2450and support of 2250 one should be cautious in this stock as it is moving lifetime high RESISTANCE 2165
thus profit booking may be seen in this stock any time and it may correct till the level of 2250 SUPPORT 1980
in near future.

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
SUZLON

SUZLON
Weekly Pivots

STOCK R2 R1 PP S1 S2
SUZLON 58.4 56.7 55.7 54 53

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it moved sideways tested it support of 55, its trend is sideways it is moving in the
range of 55-61 thus one should wait till it crosses either side level. RESISTANCE 65
SUPPORT 51

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
TCS

TCS
Weekly Pivots

STOCK R2 R1 PP S1 S2
TCS 1079.7 1067.8 1058 1046.1 1036.3

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it moved positively but in last 2 days of trading session selling pressure witnessed
due to profit booking long term trend of this stock is bullish but one should be cautious as it RESISTANCE 1100
is trading on higher level thus selling pressure may be continued and it may correct till the SUPPORT 1020
level of 1030, along with it faces the resistance of 1100.

www.capitalvia.com 46
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
TATA MOTOR

TATA MOTOR
Weekly Pivots

STOCK R2 R1 PP S1 S2

TATAMOTORS 1308.88 1277.57 1259.58 1228.27 1210.28

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it has shown mixed momentum and touched the 1355 level and then moved
down due to profit booking, long term trend of this stock is bullish, it may correct till the level RESISTANCE 1250
of 1160 in near future and then again it may take positive momentum thus one should wait SUPPORT 1160
till it crosses its immediate resistance of 1220 then only it will confirm its bull run in near
future.

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
TATA STEEL

TATA STEEL
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATASTEEL 641.05 624 613.75 596.7 586.45

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
As per our earlier report it broke the resistance of 635 and moved till 648 level and then got
reversed this week it has been in supportive trend ,now it faces the resistance of 655 if it RESISTANCE 575
gives closing above to this level then it will confirm its positive trend else trend may get SUPPORT 635
reverse.

www.capitalvia.com 48
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
TATA POWER

TATA POWER
Weekly Pivots

STOCK R2 R1 PP S1 S2
TATAPOWER 1431.05 1403.5 1385.25 1357.7 1339.45

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it has been sideways, it is moving in the range of 1460 and 1370, not breaking
either side level thus one should wait till it crosses either side level then only it will determine RESISTANCE 1475
its direction . SUPPORT 1370

www.capitalvia.com 49
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
SESA GOA

SESA GOA
Weekly Pivots

STOCK R2 R1 PP S1 S2
SESAGOA 346.1 339.85 335.25 329 324.4

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it tried to maintained the positive momentum it has very strong support at the
level of 310 and resistance at the level of 350 trend of this stock is positive one may adopt in RESISTANCE 365
this stock “buy on dips” strategy for the target of 350 till it closes below 310. SUPPORT 310

www.capitalvia.com 50
WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

WEEK AHEAD
WIPRO

WIPRO
Weekly Pivots

STOCK R2 R1 PP S1 S2
WIPRO 436.33 430.77 426.43 420.87 416.53

Technical Picture

Figure: 1 : Nifty50 Graph

TECHNICAL OVERVIEW
This week it moved down ward and then it took support at the level of 410 now it faces the
resistance of 445 if it crosses this level then it may take positive movement in near future else RESISTANCE 500
it may continue its down ward trend. SUPPORT 403

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WEEKLY
15th Nov to 20th Nov 2010
RESEARCH

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