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WEEKLY
STOCKS REPORTS
21st Feb - 25th Feb 2011
www.capitalvia.com
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
ACC
ACC
Weekly Pivots
STOCK R2 R1 PP S1 S2
ACC 1036.97 1006.13 964.17 933.33 891.37
Technical Picture
TECHNICAL OVERVIEW
The stock moved in sideways trend throughout this week. It has resistance at 1030; crossing
of this level may take the stock further upwards till the levels of 1045-1050 in coming RESISTANCE 1030
trading sessions else it may also bounce from resistance level. One has to wait for crossing of SUPPORT 970
level.
www.capitalvia.com 2
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
AMBUJA CEMENT
AMBHUJA CEMENT
Weekly Pivots
STOCK R2 R1 PP S1 S2
AMBUJACEM 127.28 121.87 116.73 111.32 106.18
Technical Picture
TECHNICAL OVERVIEW
The stock had a pull back from lower support levels and moved in an up rally this week. If it
manages to sustain above the level of 127, one may expect some more upward movement RESISTANCE 130
in the stock till the levels of 130-134.50 in near term. SUPPORT 119
www.capitalvia.com 3
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
AXIS
AXIS
Weekly Pivots
STOCK R2 R1 PP S1 S2
AX ISBANK 1297.1 1259.4 1204.7 1167 1112.3
Technical Picture
TECHNICAL OVERVIEW
The stock continued its uptrend after taking support at lowers. It faces next resistance at
1351. A short term correction is expected in the stock, one could go for buy on dip strategy RESISTANCE 1351
in the stock as it is expected to continue its uptrend. SUPPORT 1265
www.capitalvia.com 4
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
BAJAJ AUTO
BAJAJ AUTO
Weekly Pivots
STOCK R2 R1 PP S1 S2
BAJAJ-AUTO 1317.3 1286.6 1238.3 1207.6 1159.3
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidating currently after a robust upward movement earlier this week. It
faces next resistance at 1392; crossing of this level may bring some more upward movement RESISTANCE 1392
in the stock. One should wait for sometime in the stock as a short term correction is expected SUPPORT 1260
in the stock after a continuous up rally.
www.capitalvia.com 5
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
BHEL
BHEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
BHEL 2307.92 2171.93 2085.02 1949.03 1862.12
Technical Picture
TECHNICAL OVERVIEW
The stock had an either side movement this week. It has next support at the level of 2030;
breach of this level may take the stock further southward while it has resistance at 2152, RESISTANCE 2152
crossing of this level may take it. One should wait for crossing of levels on either side before SUPPORT 2030
taking any positions in the stock.
www.capitalvia.com 6
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
BPCL
BPCL
Weekly Pivots
STOCK R2 R1 PP S1 S2
BPCL 649.72 616.33 581.82 548.43 513.92
Technical Picture
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 625
breach of this level may continue its bearish trend else it may also bounce back from lower SUPPORT 580
support levels.
www.capitalvia.com 7
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
BHARTI AIRTEL
BHARTI AIRTEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
BHARTIARTL 356.5 337.7 325.45 306.65 294.4
Technical Picture
TECHNICAL OVERVIEW
The stock tried to take support and moved with positive biasness this week. One could hold
the long positions in the stock as it is expected to continue it's up rally in coming trading RESISTANCE 344.50
sessions. It has major resistance at 344.50; crossing of this level may take the stock further SUPPORT 323
up.
www.capitalvia.com 8
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
CIPLA
CIPLA
Weekly Pivots
STOCK R2 R1 PP S1 S2
CIPLA 336.05 323.6 309.95 297.5 283.85
Technical Picture
TECHNICAL OVERVIEW
The stock consolidated throughout this week with negative biasness. It managed to breach
its major support level of 335 last week, it now has major support at 322, breach of this may RESISTANCE 323
continue the bearish trend for the stock else it may get bounce back from its lower support SUPPORT 300
levels.
www.capitalvia.com 9
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
CAIRN
CAIRN
Weekly Pivots
STOCK R2 R1 PP S1 S2
CAIRN 345.42 335.63 320.82 311.03 296.22
Technical Picture
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 330
stock downward. SUPPORT 311
www.capitalvia.com 10
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
DLF
DLF
Weekly Pivots
STOCK R2 R1 PP S1 S2
DLF 263.25 255.45 241.75 233.95 220.25
Technical Picture
TECHNICAL OVERVIEW
The stock had a steep pull back from lower levels earlier and then successfully took
resistance at higher levels and moved with negative biasness. It faces resistance at 255; RESISTANCE 255
crossing of this level may take the stock further upwards while has support at 225.50, breach SUPPORT 235
of this level may take the stock downward.
www.capitalvia.com 11
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
DR REDDY
DR REDDY
Weekly Pivots
STOCK R2 R1 PP S1 S2
DRRE DDY 1631.08 1564.17 1521.08 1454.17 1411.08
Technical Picture
TECHNICAL OVERVIEW
Dr.Reddy Lab. has positive closing in this week. The stock is trading in uptrend and above the
level of 1565 the stock may further continue the uptrend in the coming time. RESISTANCE 1565
SUPPORT 1510
www.capitalvia.com 12
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
GAIL INDIA
DR REDDY
Weekly Pivots
STOCK R2 R1 PP S1 S2
GAIL 475.85 460.85 443.7 428.7 411.55
Technical Picture
TECHNICAL OVERVIEW
GAIL India has flat closing in this week with the negative bias. The stock is trading below the
short and medium term moving average and looking weak. So below the support level some RESISTANCE 455
more correction can be seen in it. SUPPORT 435
www.capitalvia.com 13
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
HCL
HCL
Weekly Pivots
STOCK R2 R1 PP S1 S2
HCLTE CH 504.77 487.13 469.32 451.68 433.87
Technical Picture
TECHNICAL OVERVIEW
HCL has continued to trade with the negative trend. The stock has weak closing and below
the level of 450 it may further continue the downtrend in the coming time. RESISTANCE 470
SUPPORT 450
www.capitalvia.com 14
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
HDFC BANK
HDFC BANK
Weekly Pivots
STOCK R2 R1 PP S1 S2
HDFCBANK 2112.17 2085.73 2033.57 2007.13 1954.97
Technical Picture
TECHNICAL OVERVIEW
HDFC Bank was closed with gains on wow basis. In today's session the stock has sharp
correction from the higher level and if it breaches the support level of 2125 then it may show RESISTANCE 2245
some more correction in the coming time. SUPPORT 2125
www.capitalvia.com 15
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
HOUSING DEVELOPMENT FINANCE
STOCK R2 R1 PP S1 S2
HDFC 654.25 638.7 610.5 594.95 566.75
Technical Picture
TECHNICAL OVERVIEW
Housing Development Finance was closed with gains on wow basis. In today's session the
stock has sharp correction from the higher level and if it breaches the support level of 625 RESISTANCE 665
then it may show some more correction in the coming time. SUPPORT 625
www.capitalvia.com 16
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
HERO HONDA
HERO HONDA
Weekly Pivots
STOCK R2 R1 PP S1 S2
HEROHONDA 1678.4 1573.95 1494.55 1390.1 1310.7
Technical Picture
TECHNICAL OVERVIEW
Hero Honda has negative closing on wow basis. The stock is looking weak and closed on
weaker notes too. So below the support level of 1415 it may show some more downside in RESISTANCE 1525
the coming time. SUPPORT 1415
www.capitalvia.com 17
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
HINDALCO
HINDALCO
Weekly Pivots
STOCK R2 R1 PP S1 S2
HINDALCO 254.55 232.75 217.15 195.35 179.75
Technical Picture
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 218
SUPPORT 207
www.capitalvia.com 18
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
HUL
HUL
Weekly Pivots
STOCK R2 R1 PP S1 S2
HINDUNILVR 282.42 275.78 272.07 265.43 261.72
Technical Picture
TECHNICAL OVERVIEW
HUL has continued to oscillate in the range of 267-283 in this week. The stock is not looking
lucrative in the short run and waits for proper breakout in it. RESISTANCE 283
SUPPORT 271
www.capitalvia.com 19
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
ICICI BANK
ICICI BANK
Weekly Pivots
STOCK R2 R1 PP S1 S2
ICICIBANK 1050.98 1025.77 982.78 957.57 914.58
Technical Picture
TECHNICAL OVERVIEW
ICICI Bank was closed with the gains on wow basis. In today's session the stock has sharp
correction rally and has weak closing too. So below the support level of 1010 some more RESISTANCE 1075
correction can be seen in it. SUPPORT 1010
www.capitalvia.com 20
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
IDFC
IDFC
Weekly Pivots
STOCK R2 R1 PP S1 S2
IDFC 153.07 144.18 129.82 120.93 106.57
Technical Picture
TECHNICAL OVERVIEW
IDFC was closed with the gains on wow basis. In today's session the stock has sharp
correction rally and has weak closing too. So below the support level of 139 some more RESISTANCE 150.50
correction can be seen in it. SUPPORT 139
www.capitalvia.com 21
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
INFOSYS TECHNOLOGIES
INFOSYS TECHNOLOGIES
Weekly Pivots
STOCK R2 R1 PP S1 S2
INFOSYSTCH 3212.98 3126.92 3073.63 2987.57 2934.28
Technical Picture
TECHNICAL OVERVIEW
Infosys in from the last few trading session was moving sideways and it was down by 0.42
%. It is now taking support at 3074 and resistance at 3164 form this level either side of RESISTANCE 3164
movement would be expected. It has resistance at 3164 above this it would be in an upward SUPPORT 3074
trend else below 3074 it would might face more selling pressure.
www.capitalvia.com 22
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
ITC
ITC
Weekly Pivots
STOCK R2 R1 PP S1 S2
ITC 161.8 158.45 155.6 152.25 149.4
Technical Picture
TECHNICAL OVERVIEW
ITC has found support at 150 and resistance 162 from the last few trading session it is
moving sideways. In today's trading session it manages to close below the 10 days and 50 RESISTANCE 162
days moving averages. It is looking weak on charts from this level further downside of SUPPORT 150
movement would be expected. One can go for short position in it at 150 below this level it
would be in a downward trend.
www.capitalvia.com 23
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
JAIPRAKASH ASSOCIATES
JAIPRAKASH ASSOCIATES
Weekly Pivots
STOCK R2 R1 PP S1 S2
JPASSOCIAT 96.6 89.25 79.65 72.3 62.7
Technical Picture
TECHNICAL OVERVIEW
Jaiprakash Associates battered down to 84.30 levels form 92.30. It is looking weak on charts
from the last few trading session was moving sideways and in today's trading session it was RESISTANCE 95
down by 5.65 % from this level further down side of movement would be expected. It SUPPORT 82
has resistance at 95 above this level it would be bullish in trend else below 82 it would might
face more selling pressure.
www.capitalvia.com 24
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
JINDAL STEEL & POWER
STOCK R2 R1 PP S1 S2
JINDALSTEL 670.62 643.53 623.72 596.63 576.82
Technical Picture
TECHNICAL OVERVIEW
Jindal Steel & Power gave smart recovery from 677 levels which served as a strong support
level. It is now taking support at 677 and resistance at 710. It is looking positive in the RESISTANCE 710
coming trading session if it manages to trade above the resistance level of 710 else below SUPPORT 677
667 it would might test the next support level of 646.
www.capitalvia.com 25
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
LARSEN AND TOUBRO
STOCK R2 R1 PP S1 S2
LT 1658.03 1607.07 1534.03 1483.07 1410.03
Technical Picture
TECHNICAL OVERVIEW
L&T from the last few trading session was moving sideways in today's trading session it was
up by 3.32 %. It is taking support at 1616 and resistance at 1733. It is looking bearish in the RESISTANCE 1700
coming trading session if it manages to trade below the support level of 1615 else above the SUPPORT 1615
resistance level of 1700 it would be in an upward trend.
www.capitalvia.com 26
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
KOTAK MAHINDRA BANK
STOCK R2 R1 PP S1 S2
KOTAKBANK 414.03 396.07 364.53 346.57 315.03
Technical Picture
TECHNICAL OVERVIEW
Kotak Mahindra Bank gave recovery from the level of 333 which made to trade above the 10
days and 50 days moving averages. In today's trading session it was moving sideways from RESISTANCE 425
this level downside movement would be expected. It is looking weak on charts below 400 it SUPPORT 400
would be in a bearish trend. One can go for short position in it at 400 for the target of 380.
www.capitalvia.com 27
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
MAHINDRA & MAHINDRA
STOCK R2 R1 PP S1 S2
M&M 718.2 691.7 655.3 628.8 592.4
Technical Picture
TECHNICAL OVERVIEW
M&M is making bearish engulfing pattern it is a sign of bearishness, from this level further
downside movement would be expected. It has support at 636 and resistance at 680. One RESISTANCE 680
can go for short position in it at 645 for the target of 620. SUPPORT 636
www.capitalvia.com 28
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
MARUTI SUZUKI INDIA
STOCK R2 R1 PP S1 S2
MARUTI 1231.78 1206.57 1175.78 1150.57 1119.78
Technical Picture
TECHNICAL OVERVIEW
It is taking support at 1212 and resistance at 1256, a pulled back from the support level of
1145 made it to trade above the 10 days and 50 days moving averages. In today's trading RESISTANCE 1256
session it was up by 0.05 % averages. It is looking bullish in the coming trading session if it SUPPORT 1212
manages to trade above the resistance level of 1256 else below 1212 it would be in an
bearish trend
www.capitalvia.com 29
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
NTPC
NTPC
Weekly Pivots
STOCK R2 R1 PP S1 S2
NTPC 188.22 182.53 176.27 170.58 164.32
Technical Picture
TECHNICAL OVERVIEW
NTPC from the last few trading session was moving sideways and it closed near to the
support level of 177, from this level further downside movement would be expected. It is RESISTANCE 183
taking support at 177 and resistance at 183. It is looking bearish in the coming trading SUPPORT 177
session if it manages to break the support level of 177 below this it may test the next support
level of 170.
www.capitalvia.com 30
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
ONGC
ONGC
Weekly Pivots
STOCK R2 R1 PP S1 S2
ONGC 321.68 299.37 282.18 259.87 242.68
Technical Picture
TECHNICAL OVERVIEW
ONGC is looking weak on charts in today's trading session it was down by 3.40 %. It is now
taking resistance at 288 and support at 265, from this level further downside of movement RESISTANCE 288
would be expected. If it breaks the support level of 265 it may test the next support level of SUPPORT 265
258 else above 288 it might be in a bullish trend.
www.capitalvia.com 31
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
POWER GRID CORPORATION OF INDIA
STOCK R2 R1 PP S1 S2
ONGC 321.68 299.37 282.18 259.87 242.68
Technical Picture
TECHNICAL OVERVIEW
In today's trading session it was down by 0.51 % 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 100
this level either side of movement would be expected. One can go for long position in it at SUPPORT 94
100 above this level it would be bullish in trend.
www.capitalvia.com 32
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
PUNJAB NATIONAL BANK
STOCK R2 R1 PP S1 S2
PNB 1128.45 1081.2 1025.75 978.5 923.05
Technical Picture
TECHNICAL OVERVIEW
After making a low of 989.90 it is continuously moving in an upward trend, it is now trading
at 1095.05 and it was down by 1.12 %. It has resistance at 1139 and support at 1080. It is RESISTANCE 1122
looking positive in the coming trading session if it manages to trade above resistance level of SUPPORT 1080
1139 else below 1080 it would be in bearish trend.
www.capitalvia.com 33
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
RANBAXY
RANBAXY
Weekly Pivots
STOCK R2 R1 PP S1 S2
PNB 1128.45 1081.2 1025.75 978.5 923.05
Technical Picture
TECHNICAL OVERVIEW
Ranbaxy from the last 2-3 trading session moving sideways in today's trading session it was
down by 1.38 % and it manages to close below the 10 days and 50 days moving averages. It RESISTANCE 520
is looking weak on charts from this level further downside movement would be expected, SUPPORT 500
below 500 it would be in a downward.
www.capitalvia.com 34
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
RELIANCE CAPITAL
RELIANCE CAPITAL
Weekly Pivots
STOCK R2 R1 PP S1 S2
RELCAPITAL 555.28 491.97 440.18 376.87 325.08
Technical Picture
TECHNICAL OVERVIEW
Reliance capital battered down to 388 from 726 levels. In today's trading session it a short
recovery from the support level made it to turn into green in the first half of the session. It is RESISTANCE 491
now taking support at 423 and resistance at 491. One can go for short position in it at 423 SUPPORT 423
below this level it would might face more selling pressure.
www.capitalvia.com 35
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
RELIANCE COMMUNICATION
RELIANCE COMMUNICATION
Weekly Pivots
STOCK R2 R1 PP S1 S2
RCOM 129.88 113.52 101.63 85.27 73.38
Technical Picture
TECHNICAL OVERVIEW
Reliance communication from the last few trading session was moving sideways and in
today's trading session it manages to move and close below the 10 days and 50 days moving RESISTANCE 102
averages. It is looking weak on charts below support level of 89 it would be in a bearish SUPPORT 89
trend. One can go for short position in it at 96 below this level it would might face more
selling pressure.
www.capitalvia.com 36
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
RELIANCE INDUSTRIES
RELIANCE INDUSTRIES
Weekly Pivots
STOCK R2 R1 PP S1 S2
RELIANCE 964.98 937.47 911.28 883.77 857.58
Technical Picture
TECHNICAL OVERVIEW
It is taking resistance at 968 and support at 910. It is looking bullish in the coming trading
session, one can go for long position in at 968 else below 910 it would be in a downward RESISTANCE 968
trend. SUPPORT 910
www.capitalvia.com 37
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
RELIANCE INFRAUSTRUCTURE
RELIANCE INFRAUSTRUCTURE
Weekly Pivots
STOCK R2 R1 PP S1 S2
RELINFRA 797.68 707.42 599.73 509.47 401.78
Technical Picture
TECHNICAL OVERVIEW
Reliance Infra is looking weak on chart in today's trading session it was down by 5.84 %
from this level further downside movement would be expected. It is taking support at 559 RESISTANCE 653
and resistance at 653. Once can go for short position in it at 559 below this level it might be SUPPORT 559
in a bearish trend.
www.capitalvia.com 38
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
RELIANCE POWER
RELIANCE POWER
Weekly Pivots
STOCK R2 R1 PP S1 S2
RPOWER 142 128.45 117.45 103.9 92.9
Technical Picture
TECHNICAL OVERVIEW
The stock had an up rally earlier this week after a steep downfall previously then resisting at
higher levels it had a sharp downfall in the last trading session with losses up to 5.8%. it has RESISTANCE 124
support at 110 and resistance at 124. An either side movement is expected till it crosses any SUPPORT 110
of the levels on either side.
www.capitalvia.com 39
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
SIEMENS
SIEMENS
Weekly Pivots
STOCK R2 R1 PP S1 S2
SIEMENS 862.02 853.08 847.07 838.13 832.12
Technical Picture
TECHNICAL OVERVIEW
The stock continued to consolidate at higher levels this week as well. 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
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
STERLITE
STERLITE
Weekly Pivots
STOCK R2 R1 PP S1 S2
STER 181.4 171.1 161.6 151.3 141.8
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidated throughout this week. It has resistance at 168; crossing of this level
may take the stock upwards while it has support at 159.50, breach of this level may take the RESISTANCE 168
stock further downward. SUPPORT 159.50
www.capitalvia.com 41
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
STATE BANK OF INDIA
STOCK R2 R1 PP S1 S2
SBIN 2797.07 2694.83 2585.57 2483.33 2374.07
Technical Picture
TECHNICAL OVERVIEW
The stock has successfully taken support at lower levels and moved in an uptrend this week.
After a continuous up rally, it consolidated in today's trading session. One could hold the RESISTANCE 2815
long positions in the stock as it is expected to continue its bullish trend. SUPPORT 2720
www.capitalvia.com 42
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
SAIL
SAIL
Weekly Pivots
STOCK R2 R1 PP S1 S2
SAIL 170.88 165.57 158.53 153.22 146.18
Technical Picture
TECHNICAL OVERVIEW
The stock is currently moving in sideways trend. It has resistance at 166 while support at 150.
One has to wait for crossing of levels on either side before taking any positions in the stock. RESISTANCE 166
SUPPORT 150
www.capitalvia.com 43
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
SUN PHARMACEUTICAL
SUN PHARMACEUTICAL
Weekly Pivots
STOCK R2 R1 PP S1 S2
SUNPHARMA 443.65 430.95 412.05 399.35 380.45
Technical Picture
TECHNICAL OVERVIEW
Sun Pharma closed with the gains on wow basis. The stock has quite and positive trading
session in this week. So a decisive breakout above the resistance level of 437 may continue RESISTANCE 437
the uptrend in the short run. SUPPORT 410
www.capitalvia.com 44
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
SUZLON
SUZLON
Weekly Pivots
STOCK R2 R1 PP S1 S2
SUZLON 55.65 50.7 46.75 41.8 37.85
Technical Picture
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 51
in the coming time. SUPPORT 47
www.capitalvia.com 45
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
TCS
TCS
Weekly Pivots
STOCK R2 R1 PP S1 S2
TCS 1223.93 1156.77 1106.33 1039.17 988.73
Technical Picture
TECHNICAL OVERVIEW
TCS has flat closing in this week with the negative bias. So below the support level of 1075
some more downtrend may be seen in it. RESISTANCE 1135
SUPPORT 1075
www.capitalvia.com 46
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
TATA MOTOR
TATA MOTOR
Weekly Pivots
STOCK R2 R1 PP S1 S2
TATAMOTORS 1239.23 1190.97 1121.73 1073.47 1004.23
Technical Picture
TECHNICAL OVERVIEW
Tata motor has flat closing in this week with the negative bias. So below the support level of
1190 some more downtrend may be seen in it. RESISTANCE 1265
SUPPORT 1190
www.capitalvia.com 47
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
TATA STEEL
TATA STEEL
Weekly Pivots
STOCK R2 R1 PP S1 S2
TATASTEEL 675.7 635.5 605.3 565.1 534.9
Technical Picture
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
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WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
TATA POWER
TATA POWER
Weekly Pivots
STOCK R2 R1 PP S1 S2
TATAPOWER 1278.47 1239.03 1197.57 1158.13 1116.67
Technical Picture
TECHNICAL OVERVIEW
Tata power losses half of its initial gain in this week. The stock has weak closing and below
the immediate support level some more profit booking can be seen in it. RESISTANCE 1300
SUPPORT 1250
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WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
SESA GOA
SESA GOA
Weekly Pivots
STOCK R2 R1 PP S1 S2
SESAGOA 342.18 318.07 299.28 275.17 256.38
Technical Picture
TECHNICAL OVERVIEW
The stock is consolidating currently after a sharp recovery previously. It has next support at
280; breach of this level may take the stock further down while it has resistance at 317, RESISTANCE 317
crossing of these may take the stock upward. SUPPORT 306
www.capitalvia.com 50
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
WEEK AHEAD
WIPRO
WIPRO
Weekly Pivots
STOCK R2 R1 PP S1 S2
WIPRO 456.35 438.3 422.9 404.85 389.45
Technical Picture
TECHNICAL OVERVIEW
Wipro has positive closing in this week but witnessed profit booking at the level of 442 and
shown some correction from there. The stock has immediate support level of 428 and below RESISTANCE 442
which if it sustains then some more downside momentum may be seen in it in the short run. SUPPORT 428
www.capitalvia.com 51
WEEKLY
21st Feb to 25th Feb 2011
RESEARCH
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