makin97 NSETIPS @ RAKESH MAKIN: Weekly Technical Analysis of the Indian Stock & Share Market dt 28.05.2011

Weekly Technical Analysis of the Indian Stock & Share Market dt 28.05.2011

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

Security Name	Close	% Change
ABAN OFFSHORE	560.70	-3.98
APOLLO TYRES	70.70	7.36
ARVIND	80.70	10.32
ASHOK LEYLAND	50.45	-1.47
ASIAN PAINTS	3006.35	3.31
AUROBINDO PHARMA	165.70	-14.33
AXIS BANK	1220.60	-0.03
BAJAJ AUTO	1316.50	-1.08
BANK OF BARODA	839.30	0.17
BANK OF INDIA	435.75	5.58
BHARAT FORGE	317.05	-3.65
BHARAT PETROLEUM	628.15	0.39
BHARTI AIRTEL	372.90	-0.26
BHEL	1936.90	-6.80
BOMBAY RAYON FASHIONS	287.00	-0.20
CAIRN INDIA	346.75	2.01
CANARA BANK	536.10	2.49
CIPLA LTD	318.85	1.06
COAL INDIA	387.90	6.28
CROMPTON GREAVES	257.80	3.95

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
SHALIMAR PAINTS	727.05	40.09
TEXMACO LTD	33.00	26.68
KWALITY DAIRY (I)	97.70	22.97
SUMEET INDS	32.80	21.93
KANORIA CHEM	44.75	21.11
KAMAT HOTELS (I)	104.80	19.16
JUBILANT FOODWORKS	836.15	17.97
PEARL POLYMERS	16.65	16.84
GSS AMERICA INFOTECH	199.35	16.58
IFB AGRO INDS	75.90	14.57
TEXMO PIPES & PRODUCTS	40.10	14.08
EDUCOMP SOLUTIONS	471.65	13.27
VIP INDS	748.35	13.20
AUTOLINE INDS	145.95	13.05
MONEY MATTERS FINANCIAL SERVICES	59.85	13.03
MUNJAL SHOWA	57.75	12.57
DISH TV (I)	77.20	12.29
JSL STAINLESS	97.65	12.24
MPHASIS	475.30	12.05
TTK PRESTIGE	2693.20	11.91
OSWAL CHEM	93.20	11.62
REPRO INDIA	113.95	11.55
JK TYRE & INDS	96.90	11.12
V GUARD INDS	204.35	10.70
GEECEE VENTURES	40.10	10.47
IPCA LABS	327.70	10.41
ARVIND	80.70	10.32

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
BHARAT RASAYAN	137.90	-20.52
JB CHEM & PHARMA	125.65	-20.02
MIC ELECTRONICS	18.00	-19.82
CONSOLIDATED CONSTRUCTION CONSORTIUM	28.00	-17.65
HALONIX	74.75	-17.04
PRITHVI INFORMATION SOLUTIONS	30.00	-16.78
XL ENERGY	10.45	-14.69
AUROBINDO PHARMA	165.70	-14.32
ASHAPURA MINCHEM	22.70	-13.85
SAH PETROLEUMS	28.45	-13.13
MADRAS FERT	24.35	-10.97
VARDHMAN POLYTEX	57.10	-10.85
SE INVESTMENTS	12.95	-10.69
TILAKNAGAR INDS	50.65	-10.43
SB&T INTL	13.95	-10.29
ISMT	39.45	-10.24
CRONIMET ALLOYS (I)	125.65	-10.06
MURLI INDS	25.50	-10.05

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
ABG SHIPYARD	372.85
ACC LTD	1000.20
AHMEDNAGAR FORGI	119.85
AUTOLINE INDS	145.95
BANCO PRODUCTS	72.10
BF UTILITIES	758.35
CAIRN INDIA	346.75
CITY UNION BANK	43.95
CORDS CABLE INDS	32.45
EMMBI POLYARNS	13.15
GANESH HOUSING F	131.45
GATEWAY DISTRIPARKS	117.50
GLAXOSMITHKLINE CONSUMER HEALTHCARE	2234.65
GLODYNE TECHNOSERVE	382.45
HARRISON MALAYAL	76.55
HINDALCO INDS	197.55
ICICI BANK	1068.15
IFB INDS	140.25
ING VYSYA BANK	336.30
JAY BHARAT MARUT	82.65
JUNIOR BEES	111.17
KNR CONSTRUCTIONS	108.20
KOTAK MAHINDRA BANK	438.10
LANCO INFRATECH	33.85
MAXWELL INDS	18.30
MCLEOD RUSSEL	263.00
NAGARJUNA FERTIL	30.45
PRECISION PIPES & PROFILES CO	102.40
RELIANCE BROADCAST NETWORK	69.85
SADBHAV ENGINEERING	134.60
SATHAVAHNA ISPAT	47.95
SHARYANS RESOURC	61.10
SHR CEMENT	1861.85
SUMEET INDS	32.80
YES BANK	296.80
ZUARI INDS	649.85

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
HT MEDIA	156.90
TIME TECHNOPLAST	59.50

% 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
KAMAT HOTELS (I)	104.80	19.15	1240705	6254
PEARL POLYMERS	16.65	16.84	387063	5326
IFB AGRO INDS	75.90	14.56	207645	3740
REPRO INDIA	113.95	11.55	304131	3563
TEXMO PIPES & PRODUCTS	40.10	14.08	1526614	2432
AUTOLINE INDS	145.95	13.05	1755682	1329
TEXMACO LTD	33.00	26.67	6089277	875
GEECEE VENTURES	40.10	10.46	232412	654
TTK PRESTIGE	2693.20	11.90	2343568	611
MUNJAL SHOWA	57.75	12.57	330491	563
IPCA LABS	327.70	10.41	841062	545
AUROBINDO PHARMA	165.70	-14.33	16025086	488
DISH TV (I)	77.20	12.29	27104560	460
V GUARD INDS	204.35	10.69	4128200	419
JSL STAINLESS	97.65	12.24	3002806	382
XL ENERGY	10.45	-14.70	388240	217
MONEY MATTERS FINANCIAL SERVICES	59.85	13.03	604413	212
ISMT	39.45	-10.24	1448310	208
JB CHEM & PHARMA	125.65	-20.02	9197870	201
TILAKNAGAR INDS	50.65	-10.44	1007431	179
JK TYRE & INDS	96.90	11.12	496601	174
VIP INDS	748.35	13.19	4889639	162
JUBILANT FOODWORKS	836.15	17.96	12039311	158
ARVIND	80.70	10.32	19477708	147
MPHASIS	475.30	12.04	3577936	141

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
DABUR (I)	108.40
GSS AMERICA INFOTECH	199.35
JSL STAINLESS	97.65
KOHINOOR FOODS	54.10
LUMAX AUTO TECHNOLOGIES	167.45
PEARL POLYMERS	16.65
SUMEET INDS	32.80

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
ANDHRA CEMENTS	12.50
ASHOKA BUILDCON	250.50
BASF (I)	568.80
CORPORATION BANK	521.45
IFCI LTD	46.30
NATL STEEL	18.95
NOIDA TOLL BRIDG	25.25
NTPC	168.15
OIL (I)	1265.40
PANACEA BIOTEC	176.55
POCHIRAJU INDS	16.55
PRIME SECURTIES	24.30
REI AGRO	25.00
RUCHI INFRASTURE	20.60
SASKEN COMMUNICATION TECHNOLOGIES	146.70
SRI ADHIKARY TV	55.50
TATA MOTORS DVR 'A' ORD	612.10
WELSPUN CORP	173.65