Weekly Technical Analysis of the Indian Stock & Share Market dt 02.04.2011 saturday

Weekly Technical Analysis of the Indian Stock & Share Market dt 02.04.2011

Most Active Stocks

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

Security Name	Close	% Change
STATE BANK	2719.55	0.32
ICICI BANK	1102.90	1.08
RELIANCE INDS	1036.40	0.95
LARSEN & TOUBRO	1647.05	3.04
INFOSYS TECHNOLO	3218.15	1.74
HDFC LTD	708.20	6.70
LIC HOUSING FIN	233.00	13.63
HDFC BANK	2333.75	3.03
AXIS BANK	1407.75	3.13
TATA MOTORS	1241.80	4.89
BHARTI AIRTEL	355.30	4.59
TATA STEEL	626.60	1.81
ITC LTD	182.50	2.84
TITAN INDS	3858.30	9.84
TCS	1180.15	5.40
TATA COFFEE	972.90	6.55
BHEL	2127.70	1.75
DLF	271.95	9.17
UNITECH	41.95	4.09
JSW STEEL	949.60	4.67

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
AP PAPER MILLS	312.80	79.05
MALU PAPER MILLS	18.00	57.89
PBA INFRASTRUCTURE	86.35	52.29
EXCEL INFOWAYS	41.80	45.64
ATLANTA LTD	117.30	31.43
PIRAMAL GLASS	122.65	27.63
BL KASHYAP & SONS	24.65	26.41
SABERO ORGANICS	47.90	25.89
TWILIGHT LITAKA PHARMA	61.40	22.80
JK PAPER	58.25	22.63
BANG OVERSEAS	42.45	22.51
IMPEX FERRO TECH	11.20	22.40
LLOYDS STEEL	19.70	22.36
PRIME FOCUS	57.80	21.81
DEWAN HOUSING	272.95	21.64
GRAVITA (I)	391.40	21.53
SONATA SOFTWARE	42.30	21.38
DB REALTY	116.80	20.72
WINDSOR MACHINES	78.50	20.31
KNR CONSTRUCTIONS	119.05	20.25
ZICOM ELECTRONIC SECURITY SYSTEMS	44.10	20.16
BASF (I)	621.45	19.44
UNITY INFRAPROJECTS	67.70	19.40
VENKYS (I)	655.75	19.12
ARVIND	67.75	18.96
K SERA SERA PRODUCTIONS	13.05	18.64
ALMONDZ GLOBAL SECURITIES	33.80	18.60
HIMADRI CHEM	43.30	18.47
STERLITE TECHNOLOGIES	59.85	18.40
BEDMUTHA INDUSTRIES	130.55	18.36
OSWAL CHEM	63.85	18.24
UNIVERSAL CABLES	74.00	18.02
SHARYANS RESOURC	76.30	17.57
STAR PAPER MILL	25.85	17.23
GUJ SIDHEE CEMEN	12.30	16.59
EVEREST INDS	158.85	16.50
IL&FS TRANSPORTATION NETWORKS	240.00	16.36
NAGREEKA EXPORTS	31.40	16.30
SREI INFRASTRUCTURE FINANCE	48.95	16.00
HIND MOTOR	17.70	15.69
KIRLOSKAR BROTHERS	138.80	15.57
KALPATARU POWER	140.30	15.43
SONA KOYO STEERI	17.25	15.38
ENERGY DEVELOPMENT CO	42.05	15.05
REPRO INDIA	94.55	15.02

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
FAME (I)	58.20	-14.91
PIRAMAL HEALTHCARE	418.95	-13.07
KAMAT HOTELS (I)	94.40	-11.49

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
ANSAL HOUSING	46.10
CCL PRODUCTS (I)	194.75
CONSOL FINVEST	82.90
FIEM INDS	161.90
HATHWAY CABLE & DATACOM	100.00
INDOWIND ENERGY	19.95
KAMDHENU ISPAT	18.95
KCP LTD	26.45
MCNALLY BHARAT ENGINEERING CO	229.00
PEARL POLYMERS	12.80
SUBROS LTD	32.70
SUNDARAM FASTENE	52.95
XL ENERGY	14.05

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
AARTI INDS	49.25
CORE PROJECTS & TECHNOLOGIES	313.00
JINDAL POLY FILM	424.10
KCP SUGAR (I) CO	17.50
TECH MAHINDRA	693.55
WELSPUN CORP	201.65

% 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
MALU PAPER MILLS	18.00	57.89	775475	14657
SIRPUR PAPER	58.10	14.82	500559	6203
SHARYANS RESOURC	76.30	17.56	652525	4658
EXCEL INFOWAYS	41.80	45.64	2325587	4619
PBA INFRASTRUCTURE	86.35	52.29	4846000	4391
JK PAPER	58.25	22.63	6159791	2889
STAR PAPER MILL	25.85	17.23	450863	2343
PIONEER EMBROIDERIES	21.55	13.42	830952	2130
SABERO ORGANICS	47.90	25.88	2159734	1854
SMARTLINK NETWORK SYSTEMS	75.85	11.21	13988159	1417
ORIENT GREEN POWER COMPANY	26.40	11.62	1802440	978
PIRAMAL GLASS	122.65	27.62	956629	972
LLOYDS STEEL	19.70	22.36	12004337	965
SADBHAV ENGINEERING	123.60	13.55	3439035	962
DB REALTY	116.80	20.72	33360054	854
UNIVERSAL CABLES	74.00	18.02	241297	673
ZICOM ELECTRONIC SECURITY SYSTEMS	44.10	20.16	889611	670
KNR CONSTRUCTIONS	119.05	20.25	414989	660
K SERA SERA PRODUCTIONS	13.05	18.63	13550437	522
STEEL STRIPS WHEELS	276.55	13.87	375863	515
STERLITE TECHNOLOGIES	59.85	18.39	20400368	515
WEST COAST PAPER	86.10	12.18	1597319	514
BANG OVERSEAS	42.45	22.51	212853	495
KESORAM INDS	213.35	10.94	381858	476
ORIENT PAPER	55.75	10.50	3147448	465
PIRAMAL HEALTHCARE	418.95	-13.08	6430261	463
JAI BALAJI INDS	203.95	11.26	1373404	449
J&K BANK	873.30	13.07	544913	412
IVRCL ASSETS & HOLDINGS	61.00	11.61	439412	406
D-LINK (I)	32.50	10.35	1446031	361
KAVERI SEED CO	359.55	14.10	268991	351
NAGREEKA EXPORTS	31.40	16.29	58610	329
ESSAR SHIPPING	96.85	10.05	1260369	326
HIND MOTOR	17.70	15.68	3239894	316
GRAPHITE (I)	94.30	10.55	510589	293
PRIME FOCUS	57.80	21.81	2816090	289
TATA TELESERVICE	17.35	12.66	19147556	287
USHER AGRO	98.60	10.22	2749328	287
CORDS CABLE INDS	34.05	11.09	168666	280
DEWAN HOUSING	272.95	21.63	3496991	273
MINDTREE	405.80	11.17	519816	270
WINDSOR MACHINES	78.50	20.30	260827	269
ARVIND	67.75	18.96	17154588	264
ENERGY DEVELOPMENT CO	42.05	15.04	366636	262
SONATA SOFTWARE	42.30	21.37	5716850	250
HIND RECTIFIERS	45.05	10.41	48241	249
GUJ SIDHEE CEMEN	12.30	16.58	1719356	244
RELIANCE MEDIAWORKS	171.25	13.33	10561023	244
HIMADRI CHEM	43.30	18.46	433266	219
SE ASIA MARINE	105.85	10.37	104790	210
JUBILANT LIFE SCIENCES	174.85	12.98	1660469	194
GIC HOUSING FINA	106.90	11.93	2577628	191
CORPORATION BANK	635.05	12.24	795327	185
NAHAR SPG	109.55	14.71	349780	185
SREI INFRASTRUCTURE FINANCE	48.95	15.99	16753307	185
LLOYDS ELEC	63.30	12.53	464271	182
KANSAI NEROLAC	871.80	11.01	59674	181
SOUTH INDIA BANK	23.25	10.18	19060448	179
ACTION CONSTRUCTION EQUIPMENT	44.50	10.14	1652030	177
GREAT OFFSHORE	270.50	11.38	1361994	172
TORRENT PHARMA	573.45	10.09	454042	163
IL&FS TRANSPORTATION NETWORKS	240.00	16.36	931698	153
ABHISHEK INDS	15.05	10.66	583941	149
SONA KOYO STEERI	17.25	15.38	1307195	146
VENKYS (I)	655.75	19.11	908930	146
BEDMUTHA INDUSTRIES	130.55	18.35	6608973	145
MAX INDIA	163.90	11.76	3024981	136
TITAGARH WAGONS	345.00	11.38	595211	129
IRB INFRASTRUCTURE DEVELOPERS	215.10	11.27	7260480	127
JUPITER BIOSCIENCE	21.80	10.65	3237202	124
LIC HOUSING FIN	233.00	13.63	57985404	117
CHENNAI PETROLEU	230.55	10.39	574917	116
TINPLATE CO	72.60	14.87	3368414	116
EVEREST INDS	158.85	16.50	125185	112
CREW BOS PRODUCTS	94.95	10.92	455477	102
KALPATARU POWER	140.30	15.42	921638	102
EMPEE SUGARS AND CHEMICALS	71.75	11.84	1209007	101
MIRC ELEC	22.35	13.16	1122654	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
ABAN OFFSHORE	643.30
ADANI ENTERPRISE	661.00
ADITYA BIRLA NUVO	824.85
ALEMBIC LTD	72.15
ASAHI (I) SAFE	91.45
ATLANTA LTD	117.30
BAJAJ AUTO	1458.95
BAJAJ FINANCE	699.40
BANG OVERSEAS	42.45
BASF (I)	621.45
BHARTI AIRTEL	355.30
CANARA BANK	629.35
CENTURY TEXTILES	369.75
DHANLAXMI BANK	114.95
DIVIS LABS	692.95
DLF	271.95
FEDERAL BANK	420.30
FEDERAL-MOGUL GOETZE (I)	212.55
FINANCIAL TECHNOLOGIES (I)	885.15
FIRST LEASING	75.20
GUJ SIDHEE CEMEN	12.30
HDFC LTD	708.20
HERO HONDA	1602.75
HOUSING DEV & INFRA	182.20
IDBI	145.15
INDIABULLS REAL ESTATE	131.80
INFOSYS TECHNOLO	3218.15
IRB INFRASTRUCTURE DEVELOPERS	215.10
IVRCL ASSETS & HOLDINGS	61.00
J&K BANK	873.30
JAIPRAKASH ASSOC	95.45
JINDAL STEEL POW	700.70
JK PAPER	58.25
KPR MILLS	181.55
LIC HOUSING FIN	233.00
LML LTD	10.55
MADRAS CEMENT	106.05
MAHINDRA & MAHIN	711.05
MALU PAPER MILLS	18.00
MAX INDIA	163.90
MCDOWELL HOLDINGS	107.55
MERCATOR LINES	40.30
MIRC ELEC	22.35
MIRZA INTL	23.80
NTPC	188.85
ORIENT PAPER	55.75
PARABOLIC DRUGS	43.80
PAREKH ALUMINEX	281.10
PATNI COMPUTER SYSTEMS	474.95
PBA INFRASTRUCTURE	86.35
PIRAMAL GLASS	122.65
POWER GRID CORP OF INDIA	104.85
PRATIBHA INDS	67.25
REDINGTON (I)	82.00
RELIANCE MEDIAWORKS	171.25
SHARYANS RESOURC	76.30
SINTEX INDS	159.65
SIRPUR PAPER	58.10
SOBHA DEVELOPERS	295.45
SONATA SOFTWARE	42.30
SOUTH INDIA BANK	23.25
STAR PAPER MILL	25.85
STEEL AUTHORITY	169.95
STERLITE INDS (I)	173.90
SYNDICATE BANK	122.35
TATA ELXSI (I)	258.90
TATA MOTORS DVR 'A' ORD	706.75
TATA TELESERVICE	17.35
TINPLATE CO	72.60
TITAN INDS	3858.30
TRENT LTD	974.15
TVS MOTOR	61.80
UNITED PHOSPHOROUS	150.15
USHER AGRO	98.60
WEST COAST PAPER	86.10
WINDSOR MACHINES	78.50
WIPRO LTD	476.05

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
NETWORK 18 MEDIA & INVESTMENTS	135.60

Regards,

RAKESH MAKIN

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