Finally, Indian markets managed to break the sequence of five straight weekly losses, thanks to pick-up in FII flows and firm global markets. The gains could have been much more but for the couple of public holidays. In fact, the Indian market out-performed its overseas counterparts on Friday, with the Nifty closing above the psychologically important 5,000 mark.
The US equity markets ended sharply lower on Friday on the back of disappointing jobs report, but if FII flows remain healthy, India can continue the current upswing. Food inflation spiking above 10% is a cause for concern. The RBI is likely to hike policy rates by another 25 bps on Sept. 16. The crucial thing for the markets would be to see if the RBI signals an end to its tightening cycle or not. If it does, the markets may rejoice.
Another catalyst could come in the form of positive policy action from New Delhi and sustained gains in the overseas markets. But, the ride from here on won’t be smooth. There will be a few obstacles along the way. So, be careful and vigilant. make use of the buying and selling opportunities.
Corporate Happenings
Mon, 05th Sep
| Tue, 06th Sep
| Wed, 07th Sep
| Thu, 08th Sep
| Fri, 09th Sep
| Sat, 10th Sep
| Sun, 11th Sep |
Weekly Technical Analysis of the Indian Stock Market
Most Active Stocks
The 20 most active stocks traded in terms of value of shares traded and their weekly % change.
| Security Name | Close | % Change |
| UNITECH | 26.85 | 6.75 |
| IFCI LTD | 37.10 | 5.84 |
| JAIPRAKASH ASSOC | 62.05 | 13.33 |
| SUZLON ENERGY | 37.95 | 10.80 |
| RELIANCE COMMUNICATIONS | 84.70 | 17.31 |
| ITC LTD | 203.25 | 3.25 |
| STERLITE INDS (I) | 134.10 | 9.82 |
| IDFC | 109.95 | 4.86 |
| HINDALCO INDS | 154.65 | 11.13 |
| SESA GOA | 232.45 | 14.05 |
| HOUSING DEV & INFRA | 105.70 | 10.27 |
| IDEA CELLULAR | 100.25 | 4.59 |
| DLF | 207.85 | 18.02 |
| TATA STEEL | 490.10 | 16.05 |
| RELIANCE INDS | 805.45 | 11.96 |
| ONGC CORPN | 263.90 | -5.06 |
| RELIANCE CAPITAL | 407.60 | 18.41 |
| LIC HOUSING FIN | 216.30 | 8.31 |
| ICICI BANK | 887.15 | 8.15 |
| BHARTI AIRTEL | 408.60 | 2.49 |
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 |
| NATL STEEL | 17.05 | 42.08 |
| MANAPPURAM GENERAL FINANCE & LEASING | 56.15 | 30.13 |
| SPECTACLE INFOTE | 15.75 | 28.57 |
| PANORAMIC UNIVERSAL | 11.70 | 28.57 |
| INFINITE COMPUTER SOLUTIONS (I) | 78.85 | 26.36 |
| FOUR SOFT | 10.65 | 21.71 |
| ICSA (I) | 78.00 | 21.68 |
| PATEL INTEGRATED LOGISTICS | 28.00 | 20.17 |
| MAN INDS (I) | 148.95 | 19.78 |
| DWARIKESH SUGAR INDS | 45.70 | 19.17 |
| JSW STEEL | 722.95 | 18.68 |
| RELIANCE CAPITAL | 407.60 | 18.42 |
| GLODYNE TECHNOSERVE | 320.80 | 18.29 |
| DLF | 207.85 | 18.03 |
| PARSVNATH DEVELOPERS | 54.15 | 17.85 |
| RELIANCE COMMUNICATIONS | 84.70 | 17.31 |
| VLS FINANCE | 11.55 | 17.26 |
| MIRC ELEC | 19.25 | 16.67 |
| RSWM LTD | 98.80 | 16.10 |
| SUPREME INFRASTRUCTURE (I) | 241.75 | 16.09 |
| TWILIGHT LITAKA PHARMA | 35.05 | 16.06 |
| TATA STEEL | 490.10 | 16.05 |
| CHAMBAL FERT | 112.85 | 15.98 |
| MBL INFRASTRUCTURES | 115.15 | 15.96 |
| CREW BOS PRODUCTS | 42.60 | 15.92 |
| MONEY MATTERS FINANCIAL SERVICES | 90.75 | 15.90 |
| SENTINEL TEA AND EXPORTS | 13.50 | 15.88 |
| COX & KINGS | 214.75 | 15.86 |
| VIMTA LABS | 21.95 | 15.83 |
| PREMIER LTD | 87.90 | 15.43 |
| MERCATOR LINES | 24.70 | 15.42 |
| PEARL POLYMERS | 22.10 | 15.40 |
| BHARTI SHIPYARD | 99.40 | 15.11 |
| VIP INDS | 893.65 | 14.41 |
| SYNDICATE BANK | 104.35 | 14.17 |
| ONMOBILE GLOBAL | 63.15 | 14.09 |
| KALE CONSULTANTS | 73.30 | 14.09 |
| SESA GOA | 232.45 | 14.06 |
| TATA METALIK | 77.35 | 14.00 |
| SHRIRAM TRANSPORT FINANCE | 674.70 | 13.95 |
| DHANLAXMI BANK | 78.55 | 13.92 |
| AVT NATURAL PRODUCTS | 352.70 | 13.90 |
| UTTAM STEEL | 80.80 | 13.88 |
| SYNCOM HEALTHCARE | 16.50 | 13.79 |
| SUJANA TOWERS | 24.75 | 13.79 |
| SHR GANESH JEWELLERY HOUSE | 138.40 | 13.77 |
| JINDAL STEEL POW | 525.95 | 13.69 |
| DECCAN CHRONICLE HOLDING | 56.70 | 13.63 |
| J KUMAR INFRAPROJECTS | 91.05 | 13.46 |
| AARTI INDS | 49.10 | 13.39 |
| ALCHEMIST | 262.70 | 13.38 |
| AXIS-IT&T | 80.20 | 13.36 |
| JAIPRAKASH ASSOC | 62.05 | 13.33 |
| PUNJ LLOYD | 60.20 | 13.26 |
| TRIVENI ENGG | 23.15 | 13.20 |
| ARVIND | 81.15 | 13.18 |
| BHUSHAN STEEL | 358.35 | 13.06 |
| NITIN FIRE PROTECTION INDS | 125.05 | 12.96 |
| ATLAS CYCLES | 289.60 | 12.95 |
| PBA INFRASTRUCTURE | 44.95 | 12.94 |
| CAIRN INDIA | 284.95 | 12.87 |
| JINDAL SOUTH WEST HOLDINGS | 667.60 | 12.75 |
| MAN INFRACONSTRUCTION | 117.20 | 12.69 |
| VALECHA ENGINEERING | 81.80 | 12.52 |
| STORE ONE RETAIL (I) | 13.55 | 12.45 |
| REI AGRO | 26.30 | 12.39 |
| DISH TV (I) | 81.15 | 12.24 |
| BIL ENERGY SYSTEMS | 45.95 | 12.21 |
| SICAGEN (I) | 19.35 | 12.17 |
| HIND ZINC | 132.35 | 12.16 |
| PIPAVAV SHIPYARD | 73.50 | 12.13 |
| MUNDRA PORT & SEZ | 157.50 | 12.06 |
| RELIANCE INDS | 805.45 | 11.96 |
| RELIANCE MEDIAWORKS | 98.85 | 11.82 |
| CREST ANIMATION | 35.75 | 11.72 |
| NELCO | 57.20 | 11.61 |
| IVRCL | 35.75 | 11.54 |
| GANESH HOUSING F | 126.45 | 11.51 |
| NAHAR SPG | 62.15 | 11.48 |
| PATEL ENGINEERING | 101.00 | 11.42 |
| TECHNOFAB ENGINEERING | 138.55 | 11.33 |
| JET AIRWAYS | 281.70 | 11.32 |
| PHOENIX MILLS | 221.70 | 11.30 |
| SKUMARS NATIONWI | 47.05 | 11.23 |
| VIVIMED LABS | 266.90 | 11.19 |
| ST BANK TRAVANCO | 661.45 | 11.17 |
| HINDALCO INDS | 154.65 | 11.14 |
| REDINGTON (I) | 98.90 | 11.00 |
| WELSPUN (I) | 26.75 | 11.00 |
| GODREJ INDS | 201.45 | 10.99 |
| INDUSIND BANK | 251.45 | 10.97 |
| CCL PRODUCTS (I) | 157.85 | 10.93 |
| INDIAN BANK | 207.20 | 10.92 |
| BHAGWATI BANQUETS & HOTELS | 89.10 | 10.89 |
| ALOK INDS | 18.35 | 10.88 |
| APOLLO TYRES | 59.80 | 10.84 |
| ADITYA BIRLA NUVO | 914.20 | 10.84 |
| MICROSEC FINANCIAL SERVICES | 28.65 | 10.83 |
| SUNIL HITECH ENGINEERS | 86.00 | 10.82 |
| SUZLON ENERGY | 37.95 | 10.80 |
| POWER FINANCE CORP | 147.40 | 10.79 |
| STATE B BIKANER | 435.75 | 10.75 |
| 20 MICRONS | 56.85 | 10.71 |
| GUJ STATE PETRONET | 103.20 | 10.67 |
| SUN PHARMA ADVANCED RESEARCH COMPANY | 77.00 | 10.55 |
| JUBILANT LIFE SCIENCES | 194.60 | 10.44 |
| SHALIMAR PAINTS | 416.45 | 10.32 |
| HOUSING DEV & INFRA | 105.70 | 10.28 |
| ISPAT INDS | 14.50 | 10.27 |
| HEXAWARE TECHNOL | 75.40 | 10.23 |
| EROS INTERNATIONAL MEDIA | 217.05 | 10.23 |
| KINGFISHER AIRLINES | 25.95 | 10.19 |
| ESSAR OIL | 87.70 | 10.11 |
| JBF INDS | 130.60 | 10.07 |
| PERSISTENT SYSTEMS | 314.60 | 10.04 |
| BAJAJ ELECTRICALS | 181.35 | 10.01 |
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 |
| JB CHEM & PHARMA | 85.10 | -39.67 |
| EVERONN SYSTEMS (I) | 350.65 | -15.75 |
| TCI FINANCE | 34.80 | -12.23 |
| CONSOLIDATED CONSTRUCTION CONSORTIUM | 18.00 | -10.45 |
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 |
| ADF FOODS | 55.70 |
| AEGIS LOGISTICS | 188.70 |
| ALCHEMIST | 262.70 |
| ASAHI (I) SAFE | 67.95 |
| ASHAPURA MINCHEM | 16.50 |
| AUTOMOTIVE STAMP | 52.65 |
| BOC (I) | 271.30 |
| CAMBRIDGE SOLUTI | 23.25 |
| CASTROL (I) | 518.65 |
| COSMO FILMS | 87.65 |
| DHUNSERI PETROCHEM & TEA | 135.70 |
| EID PARRY | 247.35 |
| EMPEE SUGARS AND CHEMICALS | 19.85 |
| GM BREWERIES | 97.35 |
| HINDUJA VENTURES | 316.05 |
| HYDERABAD INDS | 313.35 |
| IND SWIFT LTD | 26.45 |
| ISPAT INDS | 14.50 |
| IVP | 46.45 |
| J KUMAR INFRAPROJECTS | 91.05 |
| J&K BANK | 796.20 |
| JSW STEEL | 722.95 |
| KABRA EXTRUSION | 39.85 |
| KAJARIA CERAMICS | 104.40 |
| KALE CONSULTANTS | 73.30 |
| KARUR VYSYA BANK | 374.30 |
| KAVVERI TELECOM PRODUCTS | 129.50 |
| KLG SYSTEL | 33.25 |
| MOIL | 303.30 |
| MOTILAL OSWAL MF - MOTILAL OSWAL MOST M50 ETF | 68.52 |
| MVL | 24.25 |
| NETWORK 18 MEDIA & INVESTMENTS | 95.35 |
| OIL COUNTRY TUBU | 65.75 |
| PATEL INTEGRATED LOGISTICS | 28.00 |
| POCHIRAJU INDS | 12.30 |
| RAMCO INDUSTRIES | 39.60 |
| SAKTHI SUGARS | 28.25 |
| SANGAM (I) | 30.60 |
| SASKEN COMMUNICATION TECHNOLOGIES | 101.45 |
| SAVITA OIL TECHN | 606.95 |
| SENTINEL TEA AND EXPORTS | 13.50 |
| SESA GOA | 232.45 |
| SHANTI GEARS | 41.80 |
| SMARTLINK NETWORK SYSTEMS | 41.85 |
| SPML INFRA | 129.35 |
| STATE B BIKANER | 435.75 |
| SU-RAJ DIAMONDS & JEWELLERY | 43.00 |
| SURYA ROSHNI | 62.55 |
| SURYAJYOTI SPINNING MILLS | 22.85 |
| USHA MARTIN EDUCATION & SOLUTIONS | 18.35 |
| VIMTA LABS | 21.95 |
| WANBURY | 24.40 |
| WILLIAMSON MAGOR | 50.10 |
| WIPRO LTD | 334.35 |
| XPRO INDIA | 51.45 |
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 |
| None |
% 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.
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 |
| AMBUJA CEMENTS | 135.65 |
| NET 4 INDIA | 141.10 |
| PARSVNATH DEVELOPERS | 54.15 |
| RUCHI SOYA INDS | 105.80 |
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 |
| JB CHEM & PHARMA | 85.10 |
| KALPATARU POWER | 112.75 |
| WINSOM YARNS | 30.15 |
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