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Content
Signals
All indicators - Medium term
Bajaj Finance LtdAug 23, 2019
Zee Entertainment EnteAug 23, 2019
Bharat Electronics LtdAug 23, 2019
Tata Elxsi Ltd.Aug 23, 2019
Capri Global Capital LAug 23, 2019

The market showed a small gain Friday, and S&P BSE SENSEX (SENSEX) ended the day at 36701 points, which is an increase of 0.63 percent. For the week as a whole the index showed a loss of 1.7%.

1281 shares showed a gain and 1131 showed a loss. 126 shares were unchanged and closed at the same price as the previous day. There was no trading in 1176 shares.

Value of the total volume of shares and primary capital certificates traded Friday was approximately 21.6 billion.

Coffee Day Enterprises Ltd (539436) rose sharply to close at 80.20 rupee, up 4.97 percent. The stock has now risen for the fifth day in a row and this past week the stock has gained as much as 27.40 percent. The stock is trend wise negative in the medium term.
Chambal Fertilizers & Chemical (500085) closed at 149 rupee after posting a gain of 9.75 percent. The previous time the stock gained this much was May 17, when it closed up 12.76 percent. It was also very high volume. Overall it was traded for 64 millions rupee in the stock, which is 34 times as much as normal daily turnover. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Future Retail Ltd. (540064) was down 5.67 percent to close at 390 rupee. We must go back to Jul 2017 to find a lower close for the stock. The volume was also very high. At session end it was bought and sold shares for about 127 million rupee in the stock, which equals 14 times mean daily turnover. Nor technically does it look good. The stock is trend wise negative in the medium term and a further decline is indicated.
Vedanta Ltd (500295) closed at 138 rupee after a solid gain of 6.55 percent. The previous time the stock gained this much was Apr 19. 2018, when it closed up 6.69 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term, is approaching the resistance at 147 rupee and a further decline is indicated.
Den Networks Limited (533137) closed up 3.88 percent to 92.35 rupee. The stock has now closed up for the fifth day in a row and this past month the stock has gained as much as 88.09 percent. The volume was also high. At session end it was bought and sold shares for about 9 million rupee in the stock, which equals four times mean daily turnover. It also looks good technically. The stock has broken up through the resistance at 87.00 rupee.

Slight increase on National S.E. Friday
The market showed a small gain Friday, and Nifty 50 (NIFTY) ended the day at 10829 points, which is an increase of 0.82 percent. For the week as a whole the index showed a loss of 2.0%.

Steep losses on US 500
The market dropped considerably Friday, and S&P 500 (SP500) closed at 2847 points after a decline of 2.59 percent. For the week as a whole the index showed a loss of 1.4%.

Indices
S&P BSE SENSEX
   Positive Candidate
S&P BSE SENSEX has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index is moving within a rectangle formation between support at 34391 and resistance at 40683. A decisive break through one of these levels indicates the new direction for the index. The index is testing the support at points 36500. This could give a positive reaction, but a downward breakthrough of points 36500 means a negative signal. The index is overall assessed as technically positive for the medium long term.
Nifty 50
   Negative Candidate
Nifty 50 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index is moving within a rectangle formation between support at 10074 and resistance at 12195. A decisive break through one of these levels indicates the new direction for the index. The index is testing the resistance at points 10860, which may give a negative reaction. Negative volume balance weakens the index in the short term. The index is overall assessed as technically negative for the medium long term.
S&P 500
   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is approaching the support at points 2800, which may give a positive reaction. The index is assessed as technically positive for the medium long term.
Today´s Case
Responsive Industries Ltd (505509) Price 95.05, Aug 23, 2019
An approximate horizontal trend channel in the medium long term is broken up. Continued strong development is indicated, and the stock now meets support on possible reactions down towards the trend lines. It also gave positive signal from a rectangle formation at the break up through the resistance at 89.44. Further rise to 100 or more is signaled. The price has also broken the resistance at 93.29 of a rectangle pattern, which signals a further rise. The stock has broken up through the resistance at rupee 92.00. This predicts a further rise. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend for the price as well. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.88%542.09
ATX0.00%3406.09
CAC40-1.14%5326.87
COMPX-3.00%7751.77
DAX-1.15%11612
HEX-1.18%8950.60
N100-1.00%1035.17
OMXC25GI-0.31%1207.18
OMXSPI-0.80%589.01
OSEBX-0.56%840.32
PSI20-1.33%4792.47
TECDAX-1.03%2720.50
UKX-0.47%7094.98
EURUSD0.47%111.3473
CL (OIL)-2.13%54.17
Indices Evaluations
 SML
AEXpospospos
ATXneutralneutralneutral
CAC40neutralpospos
COMPXnegneutralneutral
DAXnegneutralpos
HEXnegnegpos
N100neutralpospos
OMXC25GInegneutralneutral
OMXSPInegneutralneutral
OSEBXnegnegneutral
PSI20negnegpos
TECDAXnegnegneutral
UKXneutralnegneutral
EURUSDnegnegneutral
CL (OIL)negneutralpos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
6% 68% 26%
 235 Buy Candidates
 2545 Neutral
 940 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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