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Analysis News 15 Feb 2011





 

  
Analysis News today
  • Market Commentaries for the Mumbai and National Stock Exchange and Dow Jones
  • Overview of the latest buy/sell signals on the Mumbai Stock Exchange
  • Analyses of the main indices on the Mumbai and National Stock Exchange and Dow Jones
  • Analysis of Today's buy candidate on the Mumbai Stock Exchange
  • Stock Exchange Barometer - an environment barometer, giving an overview of both percentage and total buy, sell or watch candidates on the Mumbai Stock Exchange
  • Plus much more
 
Market Commentaries
Substantial increase on Mumbai S.E.
The market rallied Monday, and BSE INDEX closed at 18202 points after an increase of 2.67 percent. The index has never gained more in one day since May 10. 2010, when it was up 3.35 percent.
 

TATA MOTORS ended with a solid gain of 5.60 percent and closed at 1209 rupee. The stock has never gained more in one day since May 10. 2010, when it was up 6.72 percent. Technically it also looks good. The stock is trend wise positive in the medium term, but is approaching the resistance at 1360 rupee. PTC INDIA closed at 98.25 rupee after posting a gain of 11.71 percent. The stock has never gained more in one day since Oct 14. 2009, when it was up 20.82 percent. The volume was also very high. At session end it was bought and sold shares for about 167 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, has marginally broken up through the resistance at 98.00 rupee and a further increase is indicated.

MARICOLTD rose sharply to close at 122 rupee, up 4.90 percent. The previous time the stock gained this much was Jun 23. 2010, when it closed up 7.79 percent. It does, however, not look good technically. The stock is assessed as technically slightly negative for the medium long term.

UNITD SPR closed at 1149 rupee after posting a gain of 14.76 percent. We must go back to Jan 28. 2009 to find an equally strong rise. That time the stock gained 15.17 percent. The volume was also high. At session end it was bought and sold shares for about 244 million rupee in the stock, which equals eight times mean daily turnover. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.

2135 shares were up and 351 were down, while 38 remained unchanged, and there was no trading in 225 shares. VINTRON INF. was the share that performed the best. The share showed a total gain of 20.0 percent and closed at 4.44. GEOD LTD, OM MET INFRA and RATHI GRAPH. also did very well, with gains of 20.0, 20.0 and 20.0 percent, respectively. KNR CONST was the share that performed the poorest. The share showed a total loss of 13.0 percent and closed at 112.55. ASIT C FIN, EPIC ENZYMES and SUNTECK REAL also performed very poorly, with losses of 12.3, 11.2 and 10.0 percent, respectively.

The most actively traded shares were GITANJALI GE with a turnover of 1350 million, ACC LTD, with a turnover of 1253 million, and STATE BANK, with a turnover of 1206 million. Total value of the trading volume for shares and primary capital certificates Monday was approximately 32.3 billion.

 
National S.E. rallies
The market rallied Monday, and S&P CNX Nifty closed at 5456 points after an increase of 2.75 percent. The index has never gained more in one day since May 10. 2010, when it was up 3.50 percent.
 
Slight increase on NASDAQ Monday
The market showed a small gain Monday, and Nasdaq Combined Composite Index ended the day at 2817 points, which is an increase of 0.28 percent. The index has thereby closed up 13 out of the past 16 days.
 
Todays Signals - Mumbai S.E.
500009 - A.SARABHAI is in a falling trend and a continued decline wit...
 
500092 - CRISIL LTD is within an approximate horizontal trend, which ...
 
500104 - HIND.PETRO has risen up towards the ceiling of the falling t...
 
500112 - STATE BANK has broken through the ceiling of a falling trend...
 
500211 - INSILCO LTD. is in a falling trend and a continued decline w...
 
Indices Analyses
Positive candidate (The medium long term)
BSE INDEX has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Has reacted back after a break of a rectangle formation without entirely reaching the objective at 21024. A decisive break up through 18583 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. The index has broken up through the resistance at points 18000. This predicts a further rise. In case of negative reactions, there will now be support at points 18000. The index is overall assessed as technically positive for the medium long term.
 
Positive candidate (The medium long term)
S&P CNX Nifty has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Has reacted back after a break of a rectangle formation without entirely reaching the objective at 6333. A decisive break up through 5595 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. The index has broken up through the resistance at points 5360. This predicts a further rise. In case of negative reactions, there will now be support at points 5360. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the trend break. The index is overall assessed as technically positive for the medium long term.
 
Weak positive candidate (The medium long term)
Nasdaq Combined Composite Index is within a rising trend. Continued positive development within the trend channel is indicated. The index has support at points 2530. The index is assessed as technically slightly positive for the medium long term.
 
Today's positive candidate - Mumbai S.E.
TATA MOTORS (500570) - Price: 1208.75, 14 Feb.
TATA MOTORS is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Has also broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock is approaching the resistance at rupee 1360, which may give a negative reaction. The stock is overall assessed as technically positive for the medium long term.
The medium long term: Positive candidate


 

Indices Changes
AEX 0.14%370.17
ATX0.95%3006.00
CAC40-0.11%4096.62
COMPX0.28%2817.18
DAX0.34%7396.63
DJX0.36%12273
HEX-0.55%7636.51
N100-0.02%731.43
OMXC201.44%471.95
OMXS30-0.52%1134.05
OSEBX1.05%447.53
PSI200.49%8008.87
TECDAX1.35%908.99
UKX-0.05%6060.09
VIX SP5000.89%15.83
EURUSD-0.18%1.3487
CL (OIL)-0.55%84.81
Indices Evaluations
pxl
 shortmedium long
AEXpospos pos
ATXpospos pos
CAC40pospos pos
COMPXpospos neutral
DAXpospos pos
DJXposneutral neutral
HEXnegneg pos
N100pospos pos
OMXC20pospos pos
OMXS30pospos pos
OSEBXpospos pos
PSI20posneutral neg
TECDAXpospos pos
UKXpospos pos
VIX SP500neutralneutral neutral
EURUSDposneutral pos
CL (OIL)neutralpos pos

The short term
The medium long term
The long term
Stock Exchange Barometer
Mumbai S.E. - The medium long term
20%52%28%
557 Positive candidates
1441 Watch candidates
758 Negative candidates

     
 




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