Analysis News

  • The best newsletter in the market
  • Customisable and personal
  • By e-mail every morning, for free

Receive Analysis News:

EMail:

Free daily newsletter every morning

Content
Signals
All indicators - Medium term
IndusInd Bank Ltd.Oct 19, 2020
ICICI Bank Ltd.Oct 19, 2020
Hindustan Unilever LtdOct 19, 2020
Jindal Steel & Power LOct 19, 2020
Sun Pharmaceutical IndOct 19, 2020

The market moved up Monday, and S&P BSE SENSEX (SENSEX) ended at 40432 points, which is an increase of 1.12 percent. The index has thereby closed up 12 out of the past 13 days.

1398 shares were up and 1174 were down, while 168 remained unchanged, and there was no trading in 1319 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 21.8 billion.

AGC Networks Ltd. (500463) rose sharply to close at 469 rupee, up 19.49 percent. The previous time the stock gained this much was Aug 19. 2019, when it closed up 19.99 percent. The stock has now closed up for the seventh day in a row. It was also very high volume. Overall it was traded for 17 millions rupee in the stock, which is 40 times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has broken up through the resistance at 440 rupee and a further increase is indicated.
Tata Steel Long Products Ltd. (513010) moved up and ended at 487 rupee, which is an increase of 16.60 percent. The stock thereby broke the earlier top it set Jan 2 and reached a new year-high. This past week the stock has gained as much as 44.66 percent. It also looks good technically. The stock is trend wise positive in the medium term, has marginally broken up through the resistance at 470 rupee and a further increase is indicated.
Housing Development Finance Corporation (500010) moved up and ended at 2034 rupee, which is an increase of 3.76 percent. The stock has not closed higher since Mar 13. The stock has thereby closed up 12 out of the past 16 days and this past month the stock has gained as much as 15.03 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Avenue Supermarts Ltd (540376) closed at 2096 rupee after a solid gain of 5.65 percent. We must go back to Feb 10 to find an equally strong rise. That time the stock gained 8.63 percent. The volume was also high. At session end it was bought and sold shares for about 256 million rupee in the stock, which equals five times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
ICICI Bank Ltd. (532174) closed at 417 rupee after posting a gain of 5.33 percent. The previous time the stock gained this much was May 27, when it closed up 8.97 percent. The stock has thereby closed up ten out of the past 12 days. It also looks good technically. The stock has broken up through the resistance at 410 rupee.

National S.E. up on Monday
Nifty 50 (NIFTY) developed positively Monday, and gained 0.94 percent to a close of 11873 points. The index has thereby closed up 12 out of the past 13 days.

US 500 flat on Friday
The market showed a flat development and S&P 500 (SP500) ended the day at 3484 points (+0.01 percent). For the week as a whole the index showed only a slight change of +0.19%.

Indices
S&P BSE SENSEX
arrow green   Weak Positive Candidate
S&P BSE SENSEX is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index is between the support at points 40000 and the resistance at points 41700. A definitive break through of one of these levels predicts the new direction. The index is assessed as technically slightly positive for the medium long term.
Nifty 50
arrow yellow   Neutral
Investors have paid higher prices over time to buy Nifty 50 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is testing the resistance at points 12000. This could give a negative reaction, but an upward breakthrough of points 12000 means a positive signal. The volume balance is negative and weakens the index in the short term. The index is overall assessed as technically neutral for the medium long term.
S&P 500
arrow green   Weak 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 is between the support at points 3380 and the resistance at points 3580. A definitive break through of one of these levels predicts the new direction. The index is assessed as technically slightly positive for the medium long term.
Today´s Case
Jindal Steel & Power Ltd. (532286) Price 201.85, Oct 19, 2020
chart
Jindal Steel & Power Ltd. has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has marginally broken up through the resistance at rupee 197. An established break predicts a further rise. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.52%565.25
ATX0.00%3406.09
CAC40-0.13%4929.27
COMPX-0.36%11672.00
DAX-0.42%12855
HEX0.19%10394.00
N100-0.19%989.21
OMXC25GI-0.59%1693.94
OMXSPI0.24%736.83
OSEBX0.11%873.50
PSI200.79%4228.02
TECDAX-0.30%3151.98
UKX-0.59%5884.65
EURUSD0.52%117.8447
CL (OIL)-0.20%40.88
Indices Evaluations
 SML
AEXposneutralneutral
ATXneutralneutralneutral
CAC40posneutralneutral
COMPXposneutralpos
DAXneutralneutralneg
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXneutralneutralneutral
PSI20negnegneg
TECDAXposneutralpos
UKXposnegneg
EURUSDposposneg
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
23% 67% 10%
 960 Buy Candidates
 2747 Neutral
 402 Sell Candidates
Cancel Analysis News
Disclaimer Copyright © 2020 Investtech.com AS, Org nr 978 655 424 MVA


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.

[ Back to default newsletter setup ]

Edit AnalysisNews

Register as a recipient of AnalysisNews in order to customise the content.
 


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.

Titlex

OK
Free Trial Now