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Content
Signals
All indicators - Medium term
Reliance Industries LtApr 24, 2025
Spicejet LtdApr 24, 2025
Adani Green Energy LtdApr 24, 2025
Coforge Ltd.Apr 24, 2025
Maruti Suzuki India LtApr 24, 2025

The market showed a small loss Thursday, and S&P BSE SENSEX ended the day at 79801 points, which is a decline of 0.4 percent. The index thereby reversed down after five days of gains.

1607 shares showed a gain and 1764 showed a loss. 114 shares were unchanged and closed at the same price as the previous day. There was no trading in 261 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 53.5 billion.

NATCO Pharma Ltd. rose sharply to close at 904 rupee, up 6.9 percent. The stock has never gained more in one day since Feb 16. 2024, when it was up 15.8 percent. The stock has now risen for the fourth day in a row. The volume was also very high. At session end it was bought and sold shares for about 1013 million rupee in the stock, which equals 21 times mean daily turnover. Technically it also looks good. The stock is assessed as technically slightly positive for the medium long term.
Modi Rubber Ltd. closed at 154 rupee after a gain of 19.2 percent, and broke the 150 -mark. Last time the stock was higher was Mar 2021. The stock has now risen for the fourth day in a row and this past month the stock has gained as much as 56.1 percent. The volume was also extremely high. At session end it was bought and sold shares for about 25 million rupee in the stock, which equals 61 times mean daily turnover. It also looks good technically. The stock is assessed as technically positive for the medium long term.
Newgen Software Technologies Ltd. closed at 1102 rupee after a solid gain of 10.8 percent. We must go back to Jan 15 to find an equally strong rise. That time the stock gained 11.3 percent. It was also very high volume. Overall it was traded for 850 millions rupee in the stock, which is 21 times as much as normal daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has broken up through resistance at 1030 rupee and a further increase is indicated.
Syngene International Ltd. closed at 654 rupee after a huge loss of 12.8 percent. The stock has never lost more in one day since we started measuring this Aug 11. 2015. The volume was also very high. At session end it was bought and sold shares for about 462 million rupee in the stock, which equals 43 times mean daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Motherson Sumi Systems Ltd. showed a flat development and ended the day at 136 rupee (+0.2 percent). The stock has now closed up for the eighth day in a row. It was also high volume. Overall it was traded for 1190 millions rupee in the stock, which is eight times as much as normal daily turnover. The stock is trend wise negative in the medium term.

National S.E. falls on Friday
The market showed a negative development Friday, and Nifty 50 ended the day at 24039 points, which is a decline of 0.9 percent. The week as a whole showed a gain of 0.8 percent.

US 500 sharply higher
The market rallied Thursday, and S&P 500 closed at 5485 points after an increase of 2.0 percent. This past week the index has gained as much as 4.0 percent.

Indices
S&P BSE SENSEX
arrow yellow   Neutral
S&P BSE SENSEX has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has broken a resistance level and given a positive signal for the long-term trading range. The index has support at points 77000 and resistance at points 82000. The index is overall assessed as technically neutral for the medium long term.
Nifty 50
arrow green   Positive Candidate
Nifty 50 has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 23641. Further rise to 25385 or more is signaled. The index has broken up through resistance at points 23600. This predicts a further rise. In case of negative reactions, there will now be support at points 23600. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. The index has support at points 5200 and resistance at points 5820. The index is overall assessed as technically positive for the medium long term.
Today´s Case
MMTC Ltd. (513377) Price 62.00, Apr 24, 2025
chart
MMTC Ltd. has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock has built a double bottom formation and given signal of further rise to 63.28. On reactions back, there is now support at 55.93. The stock is testing resistance at rupee 63.00. This could give a negative reaction, but an upward breakthrough of rupee 63.00 means a positive signal. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.27%871.99
CAC400.27%7502.78
COMPX2.74%17166.00
DAX0.47%22065
HEX-0.83%9701.34
N1000.29%1491.51
OMXC25GI-0.45%1892.93
OMXSPI0.29%915.92
OSEBX-0.12%1452.23
PSI200.61%6878.47
TECDAX1.17%3583.19
BUK100P0.10%837.40
EURUSD0.16%1.1400
CL (OIL)0.84%62.79
Indices Evaluations
 SML
AEXnegpospos
CAC40negpospos
COMPXnegpospos
DAXnegpospos
HEXnegneutralneg
N100neutralpospos
OMXC25GInegnegpos
OMXSPInegnegpos
OSEBXnegnegneg
PSI20neutralpospos
TECDAXnegpospos
BUK100Pnegneutralpos
EURUSDpospospos
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
27% 42% 31%
 1022 Buy Candidates
 1593 Neutral
 1137 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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