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Content
Signals
All indicators - Medium term
Rail Vikas Nigam Ltd.Sep 19, 2024
NTPC Ltd.Sep 19, 2024
Oil India LtdSep 19, 2024
IndusInd Bank Ltd.Sep 19, 2024
Power Finance CorporatSep 19, 2024

The market showed a small gain Thursday, and S&P BSE SENSEX ended the day at 83185 points, which is an increase of 0.3 percent. The index has thereby closed up 16 out of the past 23 days.

932 shares showed a gain and 2501 showed a loss. 65 shares were unchanged and closed at the same price as the previous day. There was no trading in 300 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 76.7 billion.

The turnover in Dr. Reddy`s Laboratories Ltd. was extremely high. Overall it was traded for 5268 millions rupee in the stock, which is 109 times as much as normal daily turnover. Dr. Reddy`s Laboratories Ltd. closed at 6507 rupee after a small loss of 0.9 percent. The stock has now closed down for the fifth day in a row. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Vodafone Idea Ltd. ended with a steep loss of 19.6 percent and closed at 10.38 rupee. The previous time the stock lost this much was Jan 11. 2022, when it closed down 20.5 percent. The stock has now closed down for the fifth day in a row. The stock is trend wise positive in the medium term.
Reliance Infrastructure Ltd showed a small gain and ended the day at 285 rupee, which is an increase of 0.7 percent. The stock has now risen for the fourth day in a row and this past month the stock has gained as much as 19.5 percent. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
U.Y.Fincorp Ltd. rose sharply to close at 30.19 rupee, up 20.0 percent. The stock has never gained more in one day since Feb 9. 2017, when it was up 20.0 percent. The volume was also very high. At session end it was bought and sold shares for about 157 million rupee in the stock, which equals 50 times mean daily turnover. Technically it also looks good. The stock is assessed as technically positive for the medium long term.
Sudarshan Pharma Industries Ltd was up 4.9 percent to close at 350 rupee. The stock has now closed up for the 16. day in a row. Since the buy signal from the rectangle formation four months ago, the stock now has gained 350.0 percent.

National S.E. weakly higher Thursday
The market showed a small gain Thursday, and Nifty 50 ended the day at 25416 points, which is an increase of 0.2 percent. The index has thereby closed up 20 out of the past 26 days.

New record on US 500!
The market moved up Thursday, and S&P 500 ended at 5714 points, which is an increase of 1.7 percent. The index thereby broke the previous record from Jul 16 and set a new all time high. The index has thereby closed up eight out of the past nine days.

Indices
S&P BSE SENSEX
arrow green   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 has broken up through resistance at points 82000. This predicts a further rise. In case of negative reactions, there will now be support at points 82000. The index is assessed as technically positive for the medium long term.
Nifty 50
arrow green   Positive Candidate
Nifty 50 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 has broken up through resistance at points 25000. This predicts a further rise. The index is assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has marginally broken up through resistance at points 5660. An established break predicts a further rise. 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.
Today´s Case
Hitech Corporation Ltd. (526217) Price 264.00, Sep 19, 2024
chart
Hitech Corporation Ltd. is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. It also gave positive signal from the double bottom formation at the break up through the resistance at 242. Further rise to 292 or more is signaled. The stock has broken a resistance level and given a positive signal for the long-term trading range. The stock has broken up through resistance at rupee 253. This predicts a further rise. Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the stock. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.77%908.42
CAC402.29%7615.41
COMPX2.51%18014.00
DAX1.55%19002
HEX1.19%10065.00
N1001.88%1492.06
OMXC25GI0.36%2348.06
OMXSPI1.83%1003.38
OSEBX0.76%1411.02
PSI20-0.51%6720.43
TECDAX0.98%3339.79
BUK100P0.94%833.99
EURUSD0.28%1.1200
CL (OIL)0.35%71.16
Indices Evaluations
 SML
AEXpospospos
CAC40negnegpos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100negneutralneutral
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXnegpospos
PSI20pospospos
TECDAXneutralpospos
BUK100Pneutralpospos
EURUSDneutralposneg
CL (OIL)negnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
53% 32% 15%
 2035 Buy Candidates
 1215 Neutral
 554 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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