NSE - Analysis & Review for August 2011

NSE - Analysis & Review for August 2011

#Smart Investor CNX Nifty Analysis - August 2011 Analysis lost 11% - only 4 gainers during the last 1 month - Hero Motors, Bajaj Auto, BPCL and Ambuja Cements !

#SmartInvestor CNX Nifty Junior Index August 2011 Analysis - lost 11% Only 4 shares gained in 1 month - Ultratec, Asian Paints, coal india, exide industries while rest 46 lost !

#SmartInvestor CNX Midcap Index August 2011 Analysis - lost 11% - Ultratec & Petronet LNG r only 2 shares which gained while 48 gave negative returns shows the extent of weakness

#SmartInvestor Bank Nifty Index August 2011 Analysis - lost 15% - Review for Aug 2011 top 5 losers include - Bank of India, Axis, ICICI and SBI with all these hitting 52 w lows

#SmartInvestor - Nifty CNX Energy Index Aug 2011 review all stocks tumbled - top 5 losers Reliance Power, Tata, Cairn, Reliance & GAIL

#SmartInvestor Nifty CNX FMCG Analysis - Aug 2011 gave -tive returns - top 5 losers Jyothy, Tata Global, Gillette & McDowell - avoid

#SmartInvestor NSE CNX Infra - Aug 2011 review lost heavily top losers Suzlon, RPower, Unitech, RCom & DLF sector likely to lose 10% more

#SmartInvestor NSE CNX Pharma - Aug 2011 review lost heavily top losers Divis, Ranbaxy, Biocon, Piramal & Sun likely to under perform

#SmartInvestor NSE CNX IT Index - Aug 2011 review lost 18% top losers Educomp, Onmobile, 3i Infotech, GTL & Polaris likely to under perform

Bought to you by

Ingenious Investor
Equity Research Division

Ravina Consulting
Pattamal Plaza
3rd Cross Kamanahalli
BANGALORE 560084

For Free Stock Advise + Ideas
sowmya@ravinaconsulting.com
Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com
Follow us - www.twitter.com/smartinvestor

Technical Calls - PBA - Buy around 65

We recommend a buy in the stock of PBA Infrastructure from a short-term horizon. It is seen from the charts of the stock that it has been on a long-term sideways consolidation in a broad range between Rs 60 and Rs 100 from August 2009. Within this broad consolidation, the stock was on a medium-term downtrend from its upper boundary of Rs 100 to its lower boundary of Rs 60 between mid-October 2010 and early December. However, the stock changed direction taking support from its significant long-term support level at Rs 60 and also triggered by the positive divergence displayed in the daily relative strength index and price rate of change indicator. On December 29, the stock surged 10.5 per cent accompanied with heavy volume penetrating its medium-term down trendline and 21-day moving average. Moreover, an immediate resistance at Rs 66 is also breached. The daily relative strength index is rising in the neutral region towards the bullish zone and weekly RSI has entered in the neutral region from the bearish zone. Daily moving average convergence divergence oscillator has signalled a buy. We are bullish on the stock from a short-term perspective. We expect it to move higher until it hits our price target of Rs 72 or Rs 74 in the upcoming trading sessions. Traders with short-term perspective can consider buying the stock with stop-loss at Rs 67.

Source : businessline.in

Ingenious Investor

Equity Research Division

Ravina Consulting

Pattamal Plaza

3rd Cross Kamanahalli

BANGALORE 560084

For Free Stock Advise + Ideas

sowmya@ravinaconsulting.com

Talk / SMS 08105737966

Read - www.ingeniousinvestor.blogspot.com

Follow us - www.twitter.com/smartinvestor