Escolar Documentos
Profissional Documentos
Cultura Documentos
WEEKLY
25th April – 29th April 2011
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
ACC
ACC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidating from last many trading sessions. One could hold the long
positions in the stock as it is expected to move till the levels of 1145 in upside in coming RESISTANCE 1145
trading sessions. SUPPORT 1067
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
AMBUJA CEMENT
AMBHUJA CEMENT
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is being consolidating at higher levels with positive biasness. It faces major
resistance at 155.50, crossing of this level may continue its bullish trend while has support at RESISTANCE 155.50
144, breach of this level will bring downward movement in the stock. SUPPORT 144
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
AXIS
AXIS
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is currently facing a consolidation phase. It has major resistance at 1461; crossing
of this level will bring an up rally in the stock. One could go for buying on dip strategy in the RESISTANCE 1461
stock. SUPPORT 1375
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
BAJAJ AUTO
BAJAJ AUTO
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock after having a bearish phase previously has successfully tried to take support and
had an up rally this week. The stock managed to reach the mentioned levels in today's RESISTANCE 1485
trading session. Now it has next major resistance level at 1485, crossing of this level will bring SUPPORT 1419
further more upward movement.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
BHEL
BHEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock has resisted at higher levels and had a steep downfall this week. One could still
hold the short positions in the stock as it is expected to move till the levels of 2005-2000 in RESISTANCE 2185
near term. One could go for sell on rise strategy. SUPPORT 2000
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
BPCL
BPCL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
BPCL is in consolidation phase this week. It has resistance level at 625 and above this level it is
looking strong on charts. It has support level at 583, and if it sustain below this level further RESISTANCE 625
downward movement can be expected. SUPPORT 583
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
BHARTI AIRTEL
BHARTI AIRTEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is moving in an uptrend, it has next resistance is at 393, crossing of this level will
take the stock further upwards. One could go for buy on dip strategy in the stock till it RESISTANCE 393
breaches the levels of 345 in downside. SUPPORT 345
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
CIPLA
CIPLA
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Cipla is currently moving in a tight range. It has resistance level at 326.50 and support level at
313. It is expected to move within this range. One should wait for crossing of levels on either RESISTANCE 326.50
side before taking any positions in it. SUPPORT 313
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
CAIRN
CAIRN
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock had a sharp recovery from lower levels and moved in an up rally in last a few
trading sessions. It now has resistance at 350, crossing of this level will bring upward RESISTANCE 350
movement in the stock. SUPPORT 330
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
DLF
DLF
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is now moving in an up rally after taking support at lower levels. It has next
resistance at 255, crossing of this level will further take the stock more upwards. RESISTANCE 255
SUPPORT 236
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
DR REDDY
DR REDDY
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
During the week the stock was consolidating with positive biasness. The stock is now facing
resistance at 1705 and has support at 1623. Although the major trend in the stock is up and RESISTANCE 1690
one can go for buying the stock once it breaks its resistance. SUPPORT 1600
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
GAIL INDIA
DR REDDY
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The trend presently in the stock is sideways. The stock is facing resistance at 482 and has
support at 460. The stock is close to resistance level and break of which may take the stock RESISTANCE 482
further up. One may go for buying the stock once it breaks its resistance. SUPPORT 460
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
HCL
HCL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The major trend in the stock is up and the stock was trading higher during the week and as
can be seen in chart the stock also formed a new high during the week. The stock has a RESISTANCE 529
support a level of 500. If it breaks its support then a downtrend can be seen in the stock. One SUPPORT 500
should wait for proper consolidation in the stock.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
HDFC BANK
HDFC BANK
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock was traded higher during the week and ended on a positive note. The stock is
facing resistance at 2425 and has support at 2349. One can go for buying in the stock once it RESISTANCE 2425
breaks its resistance at 2425 and one can expect for a further up movement in the stock. SUPPORT 2349
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
HOUSING DEVELOPMENT FINANCE
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
During the week the stock moved up and traded higher. After breaking its resistance at 725
the stock moved up. The stock is now facing resistance at 746 and has support at 715. One RESISTANCE 746
can go for buying in the stock above its resistance. SUPPORT 715
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
HERO HONDA
HERO HONDA
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
During the week the stock showed some profit booking and on the last day of its trading
session it showed some recovery. The major trend in the stock is up and one can go for RESISTANCE 1848
buying the stock once it breaks its resistance. The stock is facing resistance at 1848 and has SUPPORT 1690
support at 1690.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
HINDALCO
HINDALCO
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock showed a volatile movement during the week by marking significant high and low.
The stock can now be seen in an uptrend and one can go for buying the stock above its RESISTANCE 225
resistance. The stock is now facing resistance at 225 and has support at 212. Break of SUPPORT 212
resistance level may take the stock further up.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
HUL
HUL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock was trading higher during the week and ended positive. The major trend in the
stock is sideways. The stock is facing resistance at 294 and has support at 280. Break of RESISTANCE 294
resistance may take the stock further up and one can buy the stock above its resistance level. SUPPORT 280
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
ICICI BANK
ICICI BANK
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
ICICI bank showed volatile trading session in last week and overall it remained positive.
Though major trend is positive for the stock, but short term trend is not clear. The stock has RESISTANCE 1140
major resistance level at 1140 and it has support level at 1072. In the short term, some SUPPORT 1072
consolidation with positive biasness can be seen in the stock.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
IDFC
IDFC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
IDFC remained in consolidation phase all through this week and closed almost flat. The stock
has resistance level at 161 and support level at 151. It is expected to consolidate within the RESISTANCE 161
range in short term. SUPPORT 151
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
INFOSYS TECHNOLOGIES
INFOSYS TECHNOLOGIES
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Infosys from the last few trading session moving sideways, in today's trading session it was
up by 0.09 %. It is now taking resistance at 2967 above this level it would be in an upward RESISTANCE 2939
trend. One can go for short position in it at 2880 below this level it might test the next SUPPORT 2880
support level of 2810.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
ITC
ITC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
ITC has found support at 186 and resistance 195.In today's trading session it manages to
trade and close above the 10 days and 50 days moving averages and it is now trading at RESISTANCE 195
190.15, from this level further upside of movement would be expected. It has resistance at SUPPORT 186
195 above this level it would be in an upward trend.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
JAIPRAKASH ASSOCIATES
JAIPRAKASH ASSOCIATES
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
In today's trading session it was up by 0.89%, from this level further up side of movement
would be expected. It is looking bullish in the coming trading session if it manages to trade RESISTANCE 103
above the resistance level of 103 else below 94 it would be in a downward trend. SUPPORT 94
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
JINDAL STEEL & POWER
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Jindal Steel & Power found support at 645 which served as a strong support level, from this
level it made a smart recovery and made a high of 699. In today's trading session it manages RESISTANCE 700
to trade and close above the 10 days and 50 days moving averages. It has resistance at 700 SUPPORT 645
above this level it would be in a bullish trend else below 645 it would be bearish in trend.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
LARSEN AND TOUBRO
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
In today's trading session it manages to trade and close above the 10 days and 50 days
moving averages. It is taking support at 1630 and resistance at 1770; from this level further RESISTANCE 1770
upside movement would be expected. One can go for long position in it at 1770 above this SUPPORT 1630
level it might be in an upward trend.
www.capitalvia.com 26
WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
KOTAK MAHINDRA BANK
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Kotak Mahindra Bank from the last few trading session moving sideways, it is looking strong
on charts from this level further upside of movement would be expected. It is looking bullish RESISTANCE 465
if it manages to trade and sustain below the resistance level of 465 else below 439 it would SUPPORT 439
be bearish in trend.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
MAHINDRA & MAHINDRA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
In today's trading session a positive opening made it to trade and close above the 10 days
and 50 days moving averages and it made a high of 763.25.It is looking bullish in the coming RESISTANCE 763
trading session if it manages to trade above the resistance level of 763 else below 730 it SUPPORT 730
might face more selling pressure.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
MARUTI SUZUKI INDIA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Maruti in today's trading session was moving in an upward trend and it manages to trade
and close above the 10 days and 50 days moving averages; from this level further upside of RESISTANCE 1350
movement would be expected. It is now trading at 1307.One can go for long position in it at SUPPORT 1206
1350 above this level it might test the next resistance level of 1415.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
NTPC
NTPC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
After making a high of 195 it was continuously moving in a downward trend, in today's
trading session it was up by 0.08%. It is looking strong on charts; one can go for long RESISTANCE 189
position in it at 189 above this level it would be in an upward trend. SUPPORT 180
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
ONGC
ONGC
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
ONGC battered down to 278.55, from this level it made a smart recovery and made a high of
305.70. It is looking strong on charts. One can go for long position in it at 309 for the target RESISTANCE 309
of 320. SUPPORT 278
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
POWER GRID CORPORATION OF INDIA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Power Grid form the last trading session it is moving sideways and it is now trading at
104.60. It is now taking support at 102 and resistance 106, form this level further upside of RESISTANCE 106
movement would be expected. One can go for long position in it at 106 for the target of SUPPORT 102
112.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
PUNJAB NATIONAL BANK
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
After making a high of 1230 it is continuously moving sideways, it is now trading at 1201.25
and it was down by -0.41 %. It has resistance at 1230 and support at 1172. It is looking RESISTANCE 1230
bullish in the coming trading session if it manages to trade above the resistance level of 1230 SUPPORT 1172
else below 1172 it would be in a bearish trend.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
RANBAXY
RANBAXY
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Ranbaxy battered down to 428.75 which served as a major support level, from this level it
made a smart recovery and made a high of 475.60. It is looking strong on charts from this RESISTANCE 476
level further upside of movement would be expected; else below 450 it would be in a SUPPORT 450
downward trend.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
RELIANCE CAPITAL
RELIANCE CAPITAL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Reliance capital from the last few trading session moving sideways and it was up by 1.25 %.
It is now taking support at 560 and resistance at 621. One can go for long position in it at RESISTANCE 621
621 above this level it would be in an upward trend. SUPPORT 560
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
RELIANCE COMMUNICATION
RELIANCE COMMUNICATION
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
After making a high of 113.85 it is continuously moving in a downward trend and it is now
trading at 106.35. It is looking weak on charts if it manages to trade below the support level RESISTANCE 114
of 101 else above 114 it would be in a bullish trend. One can go for long position in it for the SUPPORT 101
target of 120.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
RELIANCE INDUSTRIES
RELIANCE INDUSTRIES
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
It is taking resistance at 1050 and support at 995. It is looking bullish in the coming trading
session, one can go for long position in at 1050 else below 995 it would be in a downward RESISTANCE 1032
trend. SUPPORT 995
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
RELIANCE INFRAUSTRUCTURE
RELIANCE INFRAUSTRUCTURE
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
It is now taking support at 652 and resistance at 717.It is looking strong on chart in today's
trading session it was up by 1.71 % and it is now trading at 695.85, from this level further RESISTANCE 717
upside of movement would be expected. Once can go for long position in it at 717 above SUPPORT 652
this level it might be in a bullish trend.
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
RELIANCE POWER
RELIANCE POWER
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock had a consolidation phase this week. It has resistance at 134 while support at 123,
one has to wait for crossing of levels on either side. RESISTANCE 134
SUPPORT 123
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
SIEMENS
SIEMENS
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is currently moving with high volatility. One should wait for further movements in
the stock as it is looking very volatile in terms of price movements. RESISTANCE 865
SUPPORT 815
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
STERLITE
STERLITE
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock has managed to cross its resistance level and moved in an up rally, its next
resistance at 179, crossing of this level may take the stock further upwards RESISTANCE 179
SUPPORT 169
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
STATE BANK OF INDIA
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is moving in a bullish trend. It managed to cross its resistance and made a high
2875, one could hold the long positions in the stock as it is expected to move till the levels of RESISTANCE 2855
2885-2890 in coming trading sessions. SUPPORT 2720
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
SAIL
SAIL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidating from last a few trading sessions. It faces next resistance at 175.50;
crossing of this level will further take up the stock. One could go for buying on dip strategy in RESISTANCE 175.50
the stock. SUPPORT 165
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
SUN PHARMACEUTICAL
SUN PHARMACEUTICAL
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Sun Pharmaceuticals is consolidating from many previous trading sessions. The stock has
resistance level at 456 and support level at 427. As the stock is looking indecisive on the RESISTANCE 456
charts, one should wait for proper breakout to enter in it. Although above the resistance SUPPORT 427
level at 456, bullishness can be expected in it.
www.capitalvia.com 44
WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
GRASIM
SUZLON
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
GRASIM has shown negative movement in last week, though in later sessions it has shown
some recovery. The stock has resistance level at 2492 and support level at 2370. It is RESISTANCE 2492
expected to show some recovery in coming trading sessions; also it is looking further weak SUPPORT 2370
below the support level at 2370.
www.capitalvia.com 45
WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
TCS
TCS
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
TCS had shown high volatility in last week. It is expected to show sideways movement in
near term. Although the stock has long term uptrend and if sustained above the level of RESISTANCE 1247
1247 then uptrend may continue in the coming trading sessions. SUPPORT 1172
www.capitalvia.com 46
WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
TATA MOTOR
TATA MOTOR
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Tata motor showed volatile trading session last week. The stock has resistance at the level of
1270 and support level at 1200. In the short term it is expected to move with positive RESISTANCE 1270
biasness, and above the resistance level it is looking strong on charts. SUPPORT 1200
www.capitalvia.com 47
WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
TATA STEEL
TATA STEEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
TECHNICAL OVERVIEW
TATA Steel had a volatile trading session last week. The stock has resistance at 642 and
support at 605. It is expected to consolidate with positive biasness in short term. Although if RESISTANCE 642
it manages to sustain above resistance level at 642, upside can be expected. SUPPORT 605
www.capitalvia.com 48
WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
TATA POWER
TATA POWER
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
TATA Power is in sideways trend from last many sessions and this week also it remained
almost flat. As the stock's trend is looking indecisive on the charts, one should wait for RESISTANCE 1350
proper breakout before entering in this stock. Above the resistance level at 1350, it is looking SUPPORT 1277
strong on the charts.
www.capitalvia.com 49
WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
SESA GOA
SESA GOA
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
The stock had a steep upward movement in today's trading session. It has resistance at
325.80; crossing of this level will take the stock further upward. RESISTANCE 325.80
SUPPORT 311
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WEEKLY
25th Apr to 29th Apr 2011
WEEK AHEAD
WIPRO
WIPRO
Weekly Pivots
STOCK R2 R1 PP S1 S2
Technical Picture
TECHNICAL OVERVIEW
Last week WIPRO recovered from lower levels. The stock has resistance level at 475 and
support level at 447. The major trend for the stock is looking weak on the charts and it is RESISTANCE 475
expected to consolidate with negative biasness in short term. SUPPORT 447
www.capitalvia.com 51
WEEKLY
25th Apr to 29th Apr 2011
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