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It was a week of capitulation for Unitech as it slid helplessly below the support at Rs 245.

The immediate target for the stock is the long-term trend line positioned at Rs 224 and the key retracement support at Rs 208.

These buttresses need to hold to keep the long-term view positive.

Else the stock could decline all the way down towards Rs 160.

The near-term outlook for Unitech too is negative.

The target of the third part of the move from Rs 338-peak is Rs 225 and then Rs 185.

In short, support is likely around Rs 225 in the week ahead. Resistances would be at Rs 255 and then Rs 270.

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