National S.E. approximately even on Tuesday

Nifty 50 moved more or less horizontally on Tuesday and closed at 23728 points (-0.1 percent). The index has thereby closed down ten out of the past 13 days.

706 shares showed a gain and 614 showed a loss. 8 shares were unchanged and closed at the same price as the previous day. There was no trading in 19 shares.

Total value of the trading volume for shares and primary capital certificates Tuesday was approximately 509.5 billion.

Greaves Cotton Limited closed at 248 rupee after a huge gain of 8.0 percent. This past month the stock has gained as much as 43.8 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 170 rupee and a further increase is indicated.
Adani Power Limited closed at 496 rupee after a small loss of 1.6 percent. The stock has thereby closed down 25 out of the past 30 days. Nor does it look good technically. The stock is trend wise negative in the medium term, has broken down through support at 520 rupee and a further decline is indicated.
Tata Power Company Limited moved horizontally and closed at 399 rupee (-0.1 percent). The stock has now closed down for the 11. day in a row. Nor does it look good technically. The stock has marginally broken down through support at 406 rupee.
Avenue Supermarts Limited moved horizontally and closed at 3460 rupee (-0.0 percent). The stock has thereby closed down ten out of the past 11 days. The stock is trend wise negative in the medium term, has resistance at 3650 rupee and a further decline is indicated.
Finolex Cables Limited closed at 1270 rupee after posting a gain of 10.2 percent. The stock has never gained more in one day since May 27, when it was up 13.5 percent. The volume was also very high. At session end it was bought and sold shares for about 5793 million rupee in the stock, which equals 15 times mean daily turnover. The stock is trend wise negative in the medium term.
 


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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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