makin97 NSETIPS @ RAKESH MAKIN: Weekly Technical Analysis of the Indian Share Market dt 23.10.2010

Weekly Technical Analysis of the Indian Stock & Share Market dt 23.10.2010

Most Active Stocks

The 20 most active stocks traded in terms of value of shares traded and their weekly % change.

Security Name	Close	% Change
RELIANCE INDS	1081.80	3.98
STATE BANK	3206.20	1.28
INFOSYS TECHNOLO	3053.15	-0.76
ICICI BANK	1131.85	0.64
TATA STEEL	617.50	-2.89
HDFC LTD	691.95	-4.85
LARSEN & TOUBRO	2019.35	1.54
TATA MOTORS	1148.85	-0.63
TCS	1040.20	9.46
AXIS BANK	1464.00	-2.54
BIOCON	444.40	11.09
UNITECH	88.60	-6.05
CANARA BANK	732.00	13.38
INDIABULLS REAL ESTATE	210.30	7.46
BHARTI AIRTEL	333.45	-0.06
ORCHID CHEM	324.00	4.60
HDFC BANK	2326.65	-2.50
SESA GOA	342.15	-8.57
LIC HOUSING FIN	1355.15	-1.83
PIPAVAV SHIPYARD	93.10	21.69

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
JAY BHARAT MARUT	111.00	35.78
STEEL STRIPS WHEELS	401.45	29.00
SAMTEL COLOR	18.20	26.39
INDO RAMA SYNTH	62.85	25.83
SEZAL GLASS	11.85	25.53
RANE (MADRAS)	181.85	25.15
DONEAR INDS	40.90	25.08
CRONIMET ALLOYS	101.95	23.58
SANWARIA AGRO OILS	117.10	22.75
PIPAVAV SHIPYARD	93.10	21.70
JAIN STUDIOS	13.25	21.56
FIEM INDS	204.50	20.47
KRBL LTD	51.85	20.44
VARDHMAN POLYTEX	79.05	19.50
GEMINI COMMUNICATION	32.75	19.09
KHAITAN ELECTRIC	235.70	18.09
RADHA MADHAV CORP	20.90	16.76
GRABAL ALOK IMPEX	55.60	15.83
INDOCO REMEDIES	498.35	15.75
ABG SHIPYARD	360.40	15.68
MANGALORE CHEMICALS & FERTILIZERS	41.00	15.66
CENTRAL BANK OF INDIA	227.75	15.61
NEULAND LABS	138.80	15.33
OSWAL CHEM	22.60	15.31
JHS SVENDGAARD LABORATORIES	116.05	15.30
INDIABULLS FINANCIAL SERVICES	211.65	15.09
ALEMBIC LTD	71.95	15.03

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
GLORY POLYFILMS	12.90	-19.38
BINANI INDS	193.85	-17.96
TRANSPORT CORPN OF INDIA	129.20	-14.69
TRANSWARRANTY FINANCE	40.40	-13.95
BHARATIYA INTERN	90.85	-13.60
STERLITE TECHNOLOGIES	85.85	-13.46
INDO ASIAN FUSEGEAR	98.65	-13.35
AEGIS LOGISTICS	334.85	-13.07
KOUTONS RETAIL (I)	112.90	-12.55
JINDAL POLY FILM	567.05	-11.66
R S SOFTWARE	44.85	-11.28

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
JAI BALAJI INDS	275.10
LUMAX AUTOMOTIVE SYSTEMS	50.75
PANORAMIC UNIVERSAL	21.80
PBA INFRASTRUCTURE	85.85
PURAVANKARA PROJECTS	128.55
RANE HOLDINGS	268.65
SATHAVAHNA ISPAT	51.90
SUNDARAM CLAYTON	213.90
SUNIL HITECH ENGINEERS	178.30
TN TELECOM	10.15
UNIVERSAL CABLES	105.85
VASCON ENGINEERS	170.30

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
BAJAJ FINANCE	772.90
BIRLA CORP	410.05
COMPULINK SYSTEMS	55.70
FINOLEX INDS	115.00
INDRAPRASTHA	45.25
LOTUS EYE CARE HOSPITAL	17.95
LUMAX AUTO TECHNOLOGIES	191.00
MANDHANA INDS	220.20
MEGHMANI ORGANICS	20.45
NMDC	280.60
PHOENIX MILLS	245.15
POLYPLEX CORPN	866.05
SESA GOA	342.15
SICAGEN (I)	26.70
STANDARD CHARTERED PLC	116.95
TATA ELXSI (I)	278.95

% 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
MERCK	830.65	10.62	1826975	5350
RANE (MADRAS)	181.85	25.15	802973	3736
GEMINI COMMUNICATION	32.75	19.09	6362411	2757
SAMTEL COLOR	18.20	26.38	6017100	2742
JAIN STUDIOS	13.25	21.55	571194	2236
UPPER GANGES SUG	64.40	10.36	605569	1370
VARDHMAN POLYTEX	79.05	19.50	508806	1037
GLORY POLYFILMS	12.90	-19.38	27397612	945
NITIN SPINNERS	13.40	10.74	1903944	874
DONEAR INDS	40.90	25.07	1519178	849
JAI BALAJI INDS	275.10	13.58	630637	737
FIEM INDS	204.50	20.47	4254470	691
TIL	684.50	13.04	141744	690
CRONIMET ALLOYS	101.95	23.57	484308	657
ALEMBIC LTD	71.95	15.02	7927944	638
REFEX REFRIGERANTS	27.15	14.55	571679	553
BIOCON	444.40	11.09	24453456	526
INDBANK MERCHANT BANKING SERVICES	16.40	13.49	1127965	515
HI-TECH GEAR	267.55	10.67	201922	474
CANARA BANK	732.00	13.38	13330683	405
PIPAVAV SHIPYARD	93.10	21.69	79794928	375
STEEL STRIPS WHEELS	401.45	29.00	2055914	369
JBM AUTO COMPONENTS LTD	94.45	11.51	393230	355
AHMEDNAGAR FORGI	141.85	12.98	2198350	328
POCHIRAJU INDS	26.00	14.03	1585813	297
SEZAL GLASS	11.85	25.52	1966546	263
CENTRAL BANK OF INDIA	227.75	15.60	11394292	250
SE INVESTMENTS	52.20	13.47	578244	244
JAY BHARAT MARUT	111.00	35.77	1757134	217
SUPREME INFRASTRUCTURE (I)	285.90	10.49	550607	203
INDOCO REMEDIES	498.35	15.74	408322	195
MANGALORE CHEMICALS & FERTILIZERS	41.00	15.65	24770124	195
JYOTHY LABORATORIES	317.60	12.18	630070	179
NEULAND LABS	138.80	15.33	176552	176
GRABAL ALOK IMPEX	55.60	15.83	740072	173
PTC (I)	137.20	11.22	9148839	162
MARAL OVERSEAS	23.25	12.59	282683	146
PETRONET LNG	127.05	10.28	28853676	124
INDO RAMA SYNTH	62.85	25.82	2417824	113
EDELWEISS CAPITAL	64.90	11.03	10331789	100

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
3I INFOTECH	66.55
AHMEDNAGAR FORGI	141.85
GOKUL REFOILS & SOLVENT	104.20
GREAT EASTERN SHIPPING	326.95
INDBANK MERCHANT BANKING SERVICES	16.40
PANACEA BIOTEC	213.60
SAMTEL COLOR	18.20
SASKEN COMMUNICATION TECHNOLOGIES	206.60
SUZLON ENERGY	59.55

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
ADHUNIK METALIKS	107.25
APOLLO TYRES	76.25
ATLAS CYCLES	261.30
BHAGYANAGAR (I)	22.90
BHARAT BIJLEE	1091.75
BOMBAY DYEING	617.05
BOMBAY RAYON FASHIONS	248.05
GI ENGINEERING SOLUTIONS	22.55
GMR INFRASTRUCTURE	53.65
GUJ SIDHEE CEMEN	15.15
HALONIX	121.65
HEIDELBERGCEMENT	46.90
HINDUJA GLOBAL S	396.50
IRB INFRASTRUCTURE DEVELOPERS	245.95
JINDAL PHOTO	230.60
KOPRAN LTD	37.10
MCNALLY BHARAT ENGINEERING CO	260.65
MICRO TECHNOLOGIES (I)	203.40
NCL INDS	31.25
NDTV LTD	105.40
OIL COUNTRY TUBU	104.35
P&G HYGIENE & HEALTH CARE	2106.20
PARSVNATH DEVELOPERS	67.80
PRECISION PIPES & PROFILES CO	90.05
REI SIX TEN RETAIL	72.00
SKF (I)	564.15
STERLITE TECHNOLOGIES	85.85
TORRENT POWER	314.00
TRANSPORT CORPN OF INDIA	129.20
VALECHA ENGINEERING	175.85
VICEROY HOTELS	45.40
VLS FINANCE	21.50