A fairly listless week ended with a bang, helping the main indices gain almost 1% each. Excellent quarterly numbers from Axis Bank and Praj Industries along with excellent global cues drove investors crazy as Nifty crossed 5600 levels comfortably. But, overall things remain pretty choppy and uncertain. There could be further advance if global markets remain supportive. The real test will be the 200-DMA levels.
The fact that we will have a RBI policy review and F&O expiry next week will make proceedings even more interesting. Corporate results will keep pouring as well. A slew of global economic statistics are also due next week. All in all, next week promises to be action packed.
RIL, Maruti, Sterlite Industries, BHEL, Cairn India, JSW Steel, HCL Tech, HUL, ITC ONGC, Sun Pharma, PNB, Titan, ICICI Bank, Idea and PFC are some of the important companies declaring their earnings next week. In terms of global data points, global markets will closely follow US reports on housing sector, consumer confidence and GDP.
The Nifty may face some resistance between 5700 and 5800 while support is likely around 5500. FII flows will be crucial as well. The monsoon session of parliament will be another key event to keep on one’s radar.
We like stocks like Prime Focus, IB Financials, DCB, Dish TV which are looking extremely strong on the back of excellent quarterly numbers
Corporate Happenings
Weekly Technical Analysis of the Indian Stock & Share Market
The 20 most active stocks traded in terms of value of shares traded and their weekly % change.
| Security Name | Close | % Change |
| CROMPTON GREAVES | 182.60 | -24.83 |
| INFOSYS TECHNOLO | 2828.25 | 3.54 |
| STATE BANK | 2498.40 | 0.94 |
| AXIS BANK | 1296.90 | 2.28 |
| TATA MOTORS | 996.95 | -3.50 |
| RELIANCE INDS | 873.35 | 0.01 |
| ICICI BANK | 1068.05 | 0.69 |
| BHARTI AIRTEL | 411.15 | 4.63 |
| LARSEN & TOUBRO | 1827.25 | 0.23 |
| PETRONET LNG | 175.40 | 20.50 |
| DLF | 241.05 | 3.43 |
| LIC HOUSING FIN | 216.20 | -3.12 |
| HDFC BANK | 501.55 | -1.46 |
| TCS | 1133.40 | -1.11 |
| TTK HEALTHCARE | 648.95 | 56.65 |
| BHEL | 1975.40 | 2.39 |
| TATA STEEL | 584.25 | 1.97 |
| ITC LTD | 207.40 | 2.80 |
| HERO HONDA | 1820.75 | -0.42 |
| HINDALCO INDS | 176.70 | 0.05 |
Biggest Weekly % Gainers
The following list shows the stocks (over Rs.10/share) that had the biggest gains over last week. Gains are measured on a percentage basis. For example, a stock moving from 20 to 25 had a 5 point or 25% gain. Often stocks appearing on this list had some type of positive news (e.g., big earnings report, new product announcement, etc.).
| Security Name | Close | % Change |
| TTK HEALTHCARE | 648.95 | 56.66 |
| ATLAS CYCLES | 428.75 | 51.48 |
| TCI FINANCE | 67.25 | 30.71 |
| AXIS-IT&T | 113.90 | 28.48 |
| VARUN INDS | 262.70 | 27.43 |
| PRAJ INDS | 93.65 | 25.37 |
| APTECH LTD | 134.90 | 25.14 |
| VENUS REMEDIES | 254.35 | 23.95 |
| XPRO INDIA | 61.95 | 21.59 |
| HERCULES HOISTS | 328.80 | 21.46 |
| LA OPALA RG | 101.25 | 21.33 |
| PETRONET LNG | 175.40 | 20.51 |
| VIPUL | 14.90 | 19.68 |
| OCL IRON & STEEL | 54.25 | 19.36 |
| GM BREWERIES | 125.90 | 18.83 |
| DEEP INDS | 87.10 | 18.50 |
| VICEROY HOTELS | 35.75 | 18.38 |
| AMRUTANJAN HEALTH CARE | 883.60 | 17.99 |
| C&C CONSTRUCTIONS | 136.65 | 17.65 |
| JUBILANT INDUSTRIES | 211.45 | 15.93 |
| MUKAND ENGINEERI | 37.40 | 15.61 |
| AVT NATURAL PRODUCTS | 398.40 | 15.51 |
| HINDUJA VENTURES | 348.55 | 15.24 |
| GUJ STATE PETRONET | 107.75 | 15.18 |
| SUBEX AZURE | 64.90 | 14.87 |
| GREENPLY INDS | 240.35 | 14.67 |
| ATUL LTD | 225.10 | 14.26 |
| RESPONSIVE INDS | 111.90 | 14.18 |
| MCNALLY BHARAT ENGINEERING CO | 168.40 | 13.75 |
| MANDHANA INDS | 212.85 | 13.58 |
| VST INDS | 1345.30 | 13.36 |
| PRIME FOCUS | 77.00 | 13.32 |
| BLISS GVS PHARMA | 25.80 | 13.16 |
| MONEY MATTERS FINANCIAL SERVICES | 103.75 | 12.53 |
| BIL ENERGY SYSTEMS | 36.10 | 12.46 |
| TILAKNAGAR INDS | 47.55 | 12.28 |
| AMTEK INDIA | 114.20 | 12.18 |
| HEXAWARE TECHNOL | 80.90 | 12.13 |
| KERNEX MICROSYSTEMS (I) | 106.75 | 12.07 |
| AJANTA PHARMA | 358.40 | 11.97 |
| PVR LTD | 126.75 | 11.87 |
| SURYAJYOTI SPINNING MILLS | 31.30 | 11.59 |
| SATHAVAHNA ISPAT | 56.85 | 11.58 |
| PRESTIGE ESTATES PROJECTS | 140.95 | 11.42 |
| MINDTREE | 399.80 | 11.38 |
| INDIABULLS FINANCIAL SERVICES | 189.95 | 11.11 |
| GUJ FLOUROCHEM | 454.30 | 11.02 |
| SUNFLAG IRON | 31.10 | 10.87 |
| TTK PRESTIGE | 3102.40 | 10.82 |
| TEXMO PIPES & PRODUCTS | 45.50 | 10.17 |
| USHA MARTIN EDUCATION & SOLUTIONS | 25.55 | 10.13 |
| STORE ONE RETAIL (I) | 19.20 | 10.03 |
Biggest Weekly % Losers
The following list shows the stocks (over Rs.10/share) that had the biggest losses over last week. Losses are measured on a percentage basis. For example, a stock moving from 20 to 15 had a 5 point or 25% loss. Often stocks appearing on this list had some type of negative news (e.g., bad earnings report, lower analyst rating, product delay announcement, etc.).
| Security Name | Close | % Change |
| INDOWIND ENERGY | 18.15 | -40.78 |
| SHR GANESH JEWELLERY HOUSE | 174.60 | -30.44 |
| CROMPTON GREAVES | 182.60 | -24.83 |
| REFEX REFRIGERANTS | 20.40 | -17.07 |
| GTL LTD | 74.30 | -16.56 |
| FAME (I) | 52.50 | -16.40 |
| BHARAT RASAYAN | 100.20 | -16.19 |
| EXCEL INFOWAYS | 20.10 | -13.55 |
| WILLIAMSON MAGOR | 61.65 | -13.47 |
| AUTOMOTIVE STAMP | 64.60 | -13.06 |
| ALPHAGEO (I) | 133.10 | -11.62 |
| EXIDE INDS | 149.60 | -11.35 |
| EXCEL CROP CARE | 170.30 | -11.19 |
| BAJAJ ELECTRICALS | 238.10 | -10.32 |
| JHS SVENDGAARD LABORATORIES | 41.30 | -10.12 |
Stocks with Bullish Engulfing Patterns.
The following stocks have been trending downward in the short and intermediate terms and have formed a bullish engulfing pattern. The probability of an upward reversal in prices has increased.
| Security Name | Close |
| MINDTREE | 399.80 |
| ORIENT PAPER | 56.90 |
| PRISM CEMENT | 46.20 |
| RADICO KHAITAN | 131.85 |
| SURYAJYOTI SPINNING MILLS | 31.30 |
Stocks with Bearish Engulfing Patterns.
The following stocks have been trending upward in the short and intermediate terms and have formed a bearish engulfing pattern. The probability of a downward reversal in prices has increased.
| Security Name | Close |
| ADITYA BIRLA CHEMICALS (I) | 126.55 |
| BALKRISHNA INDS | 162.00 |
| BS TRANSCOMM | 129.95 |
| CASTROL (I) | 544.60 |
| CEAT LTD | 108.20 |
| CONTAINER CORPOR | 1122.65 |
| EMAMI LTD | 499.70 |
| GRUH FINANCE | 439.85 |
| INDIABULLS REAL ESTATE | 114.90 |
| KALPATARU POWER | 128.75 |
| KNR CONSTRUCTIONS | 129.15 |
| MOIL | 356.80 |
| NEYVELI LIGNITE | 100.40 |
| PERSISTENT SYSTEMS | 366.05 |
| TITAN INDS | 221.50 |
| UCAL FUEL SYSTE | 85.30 |
| ZYDUS WELLNESS | 648.15 |
% Volume Change
The following list shows all stocks whose volumes surged by more than 100% this week compared to the previous week. Upward price movement on large volume change is a bullish (positive) sign for the stock if the stock has been flat or trending downward. Downward price movement on large volume change is a bearish (negative) sign for the stock if the stock has been flat or trending upward. Stocks are arranged in descending order of volume change.
| Security Name | Close | % Change | Volume | % Change |
| TTK HEALTHCARE | 648.95 | 56.65 | 10235104 | 34823 |
| GM BREWERIES | 125.90 | 18.82 | 1158949 | 8478 |
| ATLAS CYCLES | 428.75 | 51.47 | 9494986 | 6115 |
| XPRO INDIA | 61.95 | 21.58 | 1399381 | 5441 |
| HERCULES HOISTS | 328.80 | 21.46 | 8275963 | 4490 |
| SATHAVAHNA ISPAT | 56.85 | 11.57 | 1619551 | 2277 |
| AXIS-IT&T | 113.90 | 28.48 | 2248051 | 2210 |
| MINDTREE | 399.80 | 11.38 | 3110242 | 2192 |
| MUKAND ENGINEERI | 37.40 | 15.61 | 607019 | 2086 |
| VICEROY HOTELS | 35.75 | 18.37 | 1342130 | 1932 |
| OCL IRON & STEEL | 54.25 | 19.36 | 1199050 | 1746 |
| ATUL LTD | 225.10 | 14.26 | 3994151 | 1731 |
| CROMPTON GREAVES | 182.60 | -24.83 | 119583360 | 1629 |
| AMRUTANJAN HEALTH CARE | 883.60 | 17.98 | 3052282 | 1570 |
| LA OPALA RG | 101.25 | 21.33 | 412827 | 1518 |
| VIPUL | 14.90 | 19.67 | 342056 | 1384 |
| PRAJ INDS | 93.65 | 25.36 | 29205112 | 1338 |
| VARUN INDS | 262.70 | 27.43 | 5877461 | 1266 |
| PETRONET LNG | 175.40 | 20.50 | 52388616 | 769 |
| USHA MARTIN EDUCATION & SOLUTIONS | 25.55 | 10.12 | 92816 | 742 |
| VENUS REMEDIES | 254.35 | 23.95 | 407841 | 662 |
| GREENPLY INDS | 240.35 | 14.67 | 1056049 | 623 |
| JUBILANT INDUSTRIES | 211.45 | 15.92 | 810822 | 618 |
| SUBEX AZURE | 64.90 | 14.86 | 18555564 | 580 |
| TCI FINANCE | 67.25 | 30.70 | 105768 | 529 |
| SUNFLAG IRON | 31.10 | 10.87 | 2054208 | 524 |
| C&C CONSTRUCTIONS | 136.65 | 17.64 | 540971 | 522 |
| KERNEX MICROSYSTEMS (I) | 106.75 | 12.07 | 781751 | 500 |
| TILAKNAGAR INDS | 47.55 | 12.27 | 2558729 | 446 |
| DEEP INDS | 87.10 | 18.50 | 696648 | 409 |
| SURYAJYOTI SPINNING MILLS | 31.30 | 11.58 | 144615 | 370 |
| HINDUJA VENTURES | 348.55 | 15.24 | 218044 | 314 |
| EXIDE INDS | 149.60 | -11.35 | 20795396 | 278 |
| MANDHANA INDS | 212.85 | 13.58 | 717575 | 278 |
| INDIABULLS FINANCIAL SERVICES | 189.95 | 11.11 | 7636973 | 256 |
| HEXAWARE TECHNOL | 80.90 | 12.12 | 15745174 | 244 |
| INDOWIND ENERGY | 18.15 | -40.79 | 31015074 | 241 |
| MCNALLY BHARAT ENGINEERING CO | 168.40 | 13.74 | 956767 | 229 |
| GUJ FLOUROCHEM | 454.30 | 11.02 | 624697 | 203 |
| PRIME FOCUS | 77.00 | 13.31 | 12356758 | 176 |
| TTK PRESTIGE | 3102.40 | 10.81 | 1495044 | 173 |
| PRESTIGE ESTATES PROJECTS | 140.95 | 11.42 | 875989 | 170 |
| BIL ENERGY SYSTEMS | 36.10 | 12.46 | 167501 | 160 |
New Intermediate Uptrend
Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.
The following list shows all stocks & indices beginning a new intermediate uptrend. A new intermediate uptrend normally begins with an upside breakout when demand outstrips supply after a series of falling tops and bottoms.
| Security Name | Close |
| AAARTI DRUGS | 141.10 |
| ALSTOM PROJECTS | 592.45 |
| GUJ STATE PETRONET | 107.75 |
| INOX LEISURE | 50.10 |
| KALINDEE RAIL NIRMAN (ENGINEERS) | 117.30 |
| KARUR VYSYA BANK | 426.95 |
| KOPRAN LTD | 27.25 |
| KOTAK PSU BANK ETF | 429.14 |
| LIBERTY SHOES | 103.65 |
| MANDHANA INDS | 212.85 |
| MANUGRAPH INDS | 54.10 |
| MUKAND ENGINEERI | 37.40 |
| OCL IRON & STEEL | 54.25 |
| OMAX AUTO | 45.30 |
| PVR LTD | 126.75 |
| SATHAVAHNA ISPAT | 56.85 |
| SRF LTD | 320.25 |
| SUNFLAG IRON | 31.10 |
| TATA GLOBAL BEVERAGES | 102.80 |
| TTK HEALTHCARE | 648.95 |
| UFLEX | 219.25 |
| VENUS REMEDIES | 254.35 |
| XPRO INDIA | 61.95 |
New Intermediate Downtrend
Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.
The following list shows all stocks beginning a new intermediate downtrend. A new intermediate downtrend normally begins with a breakdown when supply soaks up all demand after a series of rising tops and bottoms.
| Security Name | Close |
| HAVELLS INDIA | 372.95 |
| SHR GANESH JEWELLERY HOUSE | 174.60 |
| UNITED BREWERIES | 480.85 |
Invest in GOLD the smart way!! With GOLD ETF, you can save on premium & making charges, easy to buy & sell, avoid the risk of theft & save on locker charges!!
No comments:
Post a Comment