Google Search

Tuesday, November 8, 2011

Stock_for_YOU Fwd: Analysis News

Wednesday 9 November 2011
 
 
Market Commentaries
Nearly unchanged on Mumbai S.E. Tuesday
BSE SENSEX moved more or less horizontally on Tuesday and closed at 17570 points (+0.04 percent). This past month the index has gained as much as 10.74 percent.
 

JAIN IRRIG rose sharply to close at 121 rupee, up 9.56 percent. The previous time the stock gained this much was Feb 10, when it closed up 9.85 percent. The stock thereby reversed up after five days of losses. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated. RAJ OIL closed at 13.65 rupee after a huge loss of 19.94 percent. The stock has never lost more in one day since we started measuring this Jan 3. The stock has now fallen for the fifth day in a row. It was also very high volume. Overall it was traded for 20 millions rupee in the stock, which is 41 times as much as normal daily turnover. Nor technically does it look good. The stock is trend wise negative in the medium term and a further decline is indicated.

KALE CONSUL. closed at 104 rupee after posting a gain of 19.99 percent. We must go back to Sep 20 to find an equally strong rise. That time the stock gained 20.00 percent. The stock broke up through the resistance at 93.22 rupee in an inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 130 rupee within six months is indicated. It was also very high volume. Overall it was traded for 21 millions rupee in the stock, which is 33 times as much as normal daily turnover.

TIMKEN (I) closed at 242 rupee after posting a gain of 10.41 percent. We must go back to Jun 14 to find an equally strong rise. That time the stock gained 14.32 percent. The volume was also very high. At session end it was bought and sold shares for about 151 million rupee in the stock, which equals 15 times mean daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, but is approaching the resistance at 251 rupee.

1422 shares showed a gain and 1445 showed a loss. 118 shares were unchanged and closed at the same price as the previous day. There was no trading in 391 shares. KANPUR PLAST was the share that performed the best. The share showed a total gain of 20.0 percent and closed at 43.20. JINDALCOTEX, SANGH FORG and KALE CONSUL. also did very well, with gains of 20.0, 20.0 and 20.0 percent, respectively. Today's loser was RAJ OIL, which closed at 13.65 after a loss of 19.9 percent. Other shares that performed poorly were MUKUND CRPS with a loss of 19.9 percent, SPAN DIAGNOS, down 14.4 percent, and PAL CREDIT, down 12.7 percent.

The most actively traded shares were STATE BANK with a turnover of 971 million, AMRUTANJAN, with a turnover of 451 million, and TATA MOTORS, with a turnover of 430 million. Value of the total volume of shares and primary capital certificates traded Tuesday was approximately 19.8 billion.

 
National S.E. rises for the fourth day in a row
The market showed a flat development and S&P CNX Nifty ended the day at 5289 points (+0.10 percent). The index has now risen for the fourth day in a row and this past month the index has gained as much as 10.84 percent.
 
Increase on NASDAQ Tuesday
The market moved up Tuesday, and Nasdaq Combined Composite Index ended at 2727 points, which is an increase of 1.20 percent.
 
Todays Signals - Mumbai S.E.
500042 - BASF INDIA is within an approximate horizontal trend, which ...
 
500068 - DISA INDIA does not show any clear trend. The stock has brok...
 
500074 - BPL LTD. has risen up towards the ceiling of the falling tre...
 
500085 - CHAMBAL FERT shows a strong development within a rising tren...
 
500089 - DIC INDIA has risen up towards the ceiling of the falling tr...
 
Indices Analyses
Positive candidate (The medium long term)
BSE SENSEX is within a falling trend. Continued negative development within the trend channel is indicated. Has given positive signal from a double bottom formation by a break up through the resistance at 17166. Further rise to 18474 or more is signaled. The index is testing the support at points 17500. This should give a positive reaction, but a downward breakthrough of points 17500 means a negative signal. The index is overall assessed as technically positive for the medium long term.
 
Positive candidate (The medium long term)
S&P CNX Nifty has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. It, however, gave a positive signal from a double bottom formation at the break up through the resistance at 5153. Further rise to 5557 or more is signaled. The index has broken up through the resistance at points 5240. This predicts a further rise. In case of negative reactions, there will now be support at points 5240. RSI is overbought. The index can still rise further, and we should see a decreasing RSI before this is used as a negative signal. The index is overall assessed as technically positive for the medium long term.
 
Weak negative candidate (The medium long term)
Nasdaq Combined Composite Index has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. The index has support at points 2620 and resistance at points 2870. The index is assessed as technically slightly negative for the medium long term.
 
Today's positive candidate - Mumbai S.E.
FILATEX INDI (526227) - Price: 48.25, 8 Nov.
FILATEX INDI has risen up towards the ceiling of an approximate horizontal trend channel. A continued development within this trend channel may be expected and the current price level may be a good exit price. Has broken a rectangle formation. A decisive break of the resistance at 46.55 will signal a further rise to 55.02 or more. The stock has broken up through the resistance at rupee 46.50. This predicts a further rise. In case of negative reactions, there will now be support at rupee 46.50. The volume balance is positive and strengthens the stock in the short term. RSI is overbought. The stock can still rise further, and we should see a decreasing RSI before this is used as a negative signal. The stock is overall assessed as technically positive for the medium long term.
The medium long term: Positive candidate
Indices Changes
AEX 1.41%303.98
ATX-0.24%1971.00
CAC401.28%3143.30
COMPX1.20%2727.49
DAX-0.63%5928.68
DJX0.84%12170
HEX0.25%5688.10
N1001.13%589.21
OMXC201.49%370.26
OMXS300.21%970.45
OSEBX0.25%388.21
PSI20-0.30%5744.97
TECDAX-2.43%689.60
UKX1.03%5567.34
VIX SP500-7.86%27.54
EURUSD0.46%1.3791
CL (OIL)1.34%96.80
Indices Evaluations
pxl
 shortmedium long
AEXposneg pos
ATXnegneg neutral
CAC40posneg neg
COMPXneutralneg neutral
DAXposneutral neg
DJXposneutral neutral
HEXnegpos neutral
N100posneg neg
OMXC20neutralneg pos
OMXS30posneutral neutral
OSEBXneutralneg neg
PSI20negneg neg
TECDAXposneg neutral
UKXposneg neg
VIX SP500negneg neg
EURUSDposneutral pos
CL (OIL)posneg pos

The short term
The medium long term
The long term
Stock Exchange Barometer
Mumbai S.E. - The medium long term
17%64%19%
568 Positive candidates
2171 Watch candidates
642 Negative candidates

Investtech offer one of the world's most advanced analyses systems within pattern recognition and ranking systems.
As a subscriber you have access to a daily overview for the whole stock market, as well as for the stocks you are particularly interested in.
 Read more!     
 

--
Zohar Batterywala
9429927829
0265-3070403
market details @ zohar.in
You are what you think. You are what you go for. You are what you do! 
-redeem activity points in cash--http://www.points2shop.com/?ref=zoharb

--
Regards,
Prasanth KS
http://www.stockforyouindia.com/
For latest stock market news,technical analysis ,live market watch,Pivot,Camarilla, Fibonacci levels visit our website.
For sure stock tips send (sms) PREMIUMHELP to 09446701641
Email- prasanthks@stockforyouindia.com
To post to this group, send email to stockforyou@googlegroups.com
For more options, visit this group at
http://groups.google.com/group/stockforyou?hl=en?hl=en

No comments:

Related Posts with Thumbnails