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Saturday, October 1, 2011

NSE Nifty Weekly Report

NSE Nifty 50 Stocks Weekly Performance Report:-Here is the performance report of NSE Nifty stocks for the week. Top NSE Nifty gainers during the week were DLF, Ranbaxy, Infosys, J  Associates, Tata Motors, HCL Technologies, Reliance Industries, TCS and more.

Top NSE NIFTY Stock's Report:

1. DLF-Weekly Pivots
R2- 246.6 R1
- 233.6 PP- 212.8
S1- 199.8 S2- 179

Technical Overview
The stock had an uptrend this week and it gained around 10.83%. Now it has next resistance at 230, if it consolidates for a
while crossing of this level may take the stock further upwards else it may also resist at higher levels and show some
correction in short term.
 
2. RANBAXY-
Weekly Pivots
R12-554.17 R1 -534.58 PP -500.42
S1 -480.83 S2 -446.67 

Technical Overview
Stock is looking bullish in the coming trading session if it manages to trade above the resistance level of 517 else below 445 it
would be in a downward trend.

3. INFOSYS-
Weekly Pivots
R2-2736.53 R1 -2634.27 PP -2467.68
S1 -2365.42 S2 -2198.83 

Technical Overview
INFOSYS showed upside movements last week and made weekly high of 2569.95, closed with the gain of around 8.26%.
The stock now has resistance level at 2600 and support level at 2488. It is expected to consolidate and remain range bound;
technically below support level short term correction can be expected.

4. J P ASSOCIATES-
Weekly Pivots
R2-82.6 R1 77.6 PP-71.3
S1- 66.3 S2 -60 

Technical Overview
JPASSOCIATES had volatile trading session last week and it closed with moderate loss. The stock now has resistance level at
72 and may take support from the level of 63. In short term it is expected to remain volatile, and may test its support level. 

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