Technical Analysis of Stock Market Trend in India
NSE Nifty Next 50 (Nifty Junior)
22 March 2021
Nifty Next Index is trading above 50 day and 200 day moving average.
Leaders: ACC, Adani Green, Ambuja Cements, Tata Consumer, Adani Transmission, Piramal Enterprises, GIC.
Laggards: PNB, United Spirits, Abbott India, Petronet LNG, Torrent Pharma, Alkem Laboratories.
Bullish Sectors: Cement, Consumption.
Bearish Sectors: Pharma, PSU.
NSE Nifty 50
12 February 2021
Nifty is trading above 50 day and 200 day moving average.
Market has moved above after the correction due to Covid-19.
Nifty has dropped from the record high of 12400 in Jan to 7500 in Mar 2020.
Nifty has made a new high of 15250 in Feb 2021.
Nifty is moving in the range of 14000 to 16000 for short-term.
Leading world markets are also performing well after recovery.
Leaders: Bajaj Finance, HDFC, ICICI Bank, Adani Ports, Bajaj Finserv, Grasim Industries.
Laggards: Coal India, Indian Oil Corporation, NTPC, ONGC, HUL.
Bullish Sectors: Finance, Bank.
Bearish Sectors: PSU, Energy.
Stocks with stable up move over longer period
• HDFC Bank, Infosys, TCS.
S&P BSE Sensex 30
22 January 2021
Sensex is moving above 50 day and 200 day moving average.
Sensex from a high of 21216 had moved below to a low of 7697 in 2008.
Sensex moved up to 21108 in 2010 and corrected to 15135 in Dec 2011.
Sensex hit a new peak of 30024 in Mar 2015 and corrected to touch a low of 22494 in Feb 2016.
Sensex made another high of 42273 in Jan 2020 and low of 25638 in Mar 2020.
Sensex made a new high of 50184 in Jan 2021 and is moving in a band of 52000 to 46000 for short term.
Market movement will depend on FII inflow and strength of rupee against the dollar.
Decrease in crude oil price will be a gain for India but stress is seen in the Gulf region.
The long-term trend of the market has turned up after the correction due to Covid-19.
There will be huge pressure on the economy to take care of the health infrastructure.
Leaders: Bajaj Auto, TCS, UltraTech Cement, Maruti Suzuki, Infosys, M&M.
Laggards: NTPC, ONGC, IndusInd Bank, ITC, SBI Axis Bank.
Bullish Sectors: Auto, IT.
Bearish Sector: Bank, PSU.
Stocks with stable up move over longer period
• HDFC Bank, HDFC, HUL.
Nifty Midcap 50
11 December 2020
Nifty Midcap 50 Index is trading above 50- and 200-day moving average.
All the 50 Nifty Midcap stocks are trading above 200-dma.
That means 100% of Nifty Midcap stocks are trading above 200-dma.
There is interest in the Midcaps stocks recently.
Leaders: SAIL, Jubilant Foodworks, Godrej Properties, Bharat Forge, Apollo Tyres, Balkrishna Industries.
Laggards: M&MFIN, Union Bank, Indiabulls Housing, Canara Bank, RBL Bank, BHEL.
Bullish Sectors: Metals, Auto ancillaries.
Bearish Sectors: PSU Banks, Bank, Finance.
World leading markets
4 December 2020
Top world leading market index outperformers: BSE Sensex, Nifty 50, NASDAQ Composite, Kospi, Nikkei 225.
Top world leading market index underperformers: FTSE 100, Hang Seng, CAC 40.
Markets in USA and India hit all-time highs after the Covid-19 correction.
Other leading world markets are trading above 200-dma.
• Triggers for the market •
• FII inflow
• Liquidity in the system
• New tax code
• Inflation
• Corporate results
• RBI fiscal policy
• Outflow to primary market
• Interest rate
• Crude oil price
• Union Budget
General election results
Markets liked the General election results in 2009 and Sensex jumped up by 2000 points. Markets also hit the upper circuit for the first time.
Markets liked the General election results of 2014 and Sensex jumped up by 1500 points. The markets have moved into a new bull orbit.
Monsoon
Good monsoon is important for agriculture.
Agriculture gives good support to the economy.
For 2014 monsoon is expected to be below normal.
Watch out for food inflation, general inflation and interest rate.
South west monsoon rainfall as % of long period average
| 2007 | 106 |
| 2008 | 98 |
| 2009 | 78 |
| 2010 | 102 |
| 2011 | 101 |
|
2012 |
92 |
| 2013 | 106 |
| 2014 |
95 forecast |
| [Source: dna dated 25 April 2014] | |
| 2018 |
91 |
Sector or Industry Technical Trend
Realty Index Stocks at NSE
26 February 2021
Nifty Realty Sector Index is trading above 50 day and 200 day moving average.
Out of 10 Nifty Realty stocks 9 are trading above 200-dma.
So, 90% of Realty stocks are trading above 200-dma.
Realty sector is expected to do well with more investments in the rural housing.
This sector is sensitive to interest rate.
Outperformers: Godrej Properties, Brigade Enterprises, Indiabulls Real Estate, DLF.
Underperformers: Omaxe
Private Bank NSE
24 February 2021
Nifty Private Bank index is trading above 50 day and 200 day moving average.
All 10 Nifty Private Bank Sector Index stocks are trading above 200-dma.
That means 100% of Private Bank Sector stocks are trading above 200-dma.
Most of the time Private Banks perform better than PSU Banks.
Buoyant economy will improve the fortunes of the banking sector.
Outperformers: IDFC First Bank, HDFC Bank, ICICI Bank, Axis Bank.
Underperformers: City Union Bank, RBL Bank, Bandhan Bank.
PSU Bank – NSE
5 February 2021
Nifty PSU Bank index is trading above 50 day and 200 day moving average.
Out of 12 Nifty PSU Bank index stocks 11 are trading above 200-dma.
That means 92% of PSU Bank Sector stocks are trading above 200-dma.
Private Banks are outperforming and PSU Banks are attempting catchup.
Mounting non-performing asset (NPA) is a big problem for this sector.
Interest rate cut by RBI will boost this sector.
Outperformers: Bank of Maharashtra, State Bank of India, Indian Overseas Bank, Jammu & Kashmir Bank.
Underperformers: Union Bank of India, PNB, Central Bank of India.
Pharmaceutical – NSE
1 February 2021
Nifty Pharma Sector Index is trading above 200 day moving average.
Out of 10 Nifty Pharma Index stocks 7are trading above 200-dma.
That means 70% of Pharmaceutical Index stocks are trading above 200-dma.
Due to Covid-19 many Pharma companies have performed well.
Weak rupee can help the exporting Pharma companies.
Outperformers: Cipla, Sun Pharmaceutical, Aurobindo Pharma, Alkem Laboratories.
Underperformers: Biocon, Torrent Pharma, Dr. Reddy's Laboratories.
Metal Index Stocks at NSE
15 January 2021
Nifty Metal Sector Index is trading above 50-day and 200-day moving average.
Out of 15 Nifty Metal Index stocks 14 are trading above 200-dma.
That means 93% of Metal stocks are trading above 200-dma.
There is improvement in price of commodities in the recent times.
Weakness in US dollar could be the reason.
The price of metals, minerals and crude oil have moved up steadily.
Outperformers: Jindal Steel & Power, APL Apollo Tubes, Tata Steel, JSW Steel, Hindustan Copper.
Underperformers: Coal India, Welspun Corp, Mishra Dhatu Nigam, MOIL.
Media at NSE
29 December 2020
Nifty Media Sector Index is trading above 50-day and 200-day moving average.
All the 10 Nifty Media sector index stocks are trading above 200-dma.
That means 100% of Media sector stocks are trading above 200-dma.
The theatre segment had been affected due to covid-19.
The theatre space is giving way to logistic industry.
Outperformers: Sun TV Network, TV18 Broadcast, TV Today Network.
Underperformers: Jagran Prakashan, D B Corp.
Cement
18 December 2020
All the 32 leading Cement stocks are trading above 200 day moving average.
That means 100% of cement stocks are trading above 200-dma.
With big incentive for the housing sector there is good demand for cement and steel.
Increase in the price of crude oil and GST could affected the cement sector.
Outperformers: UltraTech Cement, Gujarat Sidhee Cement, HIL, Shree Cement, Deccan Cements, Grasim Ind.
Underperformers: Century Textiles, Sanghi Industries, Mangalam Cement, Kakatiya Cement, Shri Keshav Cements.
Stocks with stable up move over longer period
• Grasim Industries, HIL, Ramco Cements.
FMCG – NSE
27 November 2020
FMCG Sector Index is trading above 50-day and 200-day moving average.
Out of 15 Nifty FMCG Index stocks 13 are trading above 200 day moving average.
So, 87% of Nifty FMCG Index stocks are trading above 200-dma.
FMCG sector has managed to move up, thanks to better monsoon and GST.
FIIs have shown keen interest in FMCG sector.
Outperformers: Nestle India, Varun Beverages, Emami, Tata Consumer, Jubilant Foodworks, Marico.
Underperformers: United Spirits, ITC, United Breweries.
Finance – NSE
20 November 2020
Nifty Financial Services Sector Index is trading above 50-day and 200-day moving average.
Out of 19 Nifty Financial Services Sector Index stocks 18 are trading above 200-dma.
That means 95% of Financial Services Sector Index stocks are trading above 200-dma.
The Indian economy is expected to perform well.
Hence it is expected that banks, finance, NBFC and insurance will perform well.
Outperformers: Kotak Mahindra Bank, HDFC Bank, HDFC Life, Cholamandalam Investment, Bajaj Finance, ICICI Lombard, HDFC.
Underperformers: M & M Financial, RECL, SBI, PFC, Shriram Transport.
Information Technology - NSE
14 August 2020
Nifty Information Technology Sector Index is trading above 200 day moving average.
All the 10 Nifty IT Index stocks are trading above 200-dma.
That means 100% of IT Sectors stocks are trading above 200-dma.
Nifty Information Technology is one of the best performing Sectors at present.
The index is trading above 50-dma with bullish crossover.
Information Technology is a defensive sector supported by weakening of rupee.
Outperformers: Mphasis, MindTree, NIIT Technologies, Infosys.
Underperformer: Tech Mahindra.
Energy
7 August 2020
Out of 23 S&P BSE Energy sector index stocks, 6 are trading above 200 day moving average.
That means 26% of Energy sector stocks are trading above 200-dma.
Nifty Energy index is trading above 200-dma, thanks to RIL sharp up move.
Crude oil price increase will help the producers but will affect the users.
Outperformers: Reliance Industries, Gujarat Gas, Adani Gas, Aegis Logistics.
Underperformers: Coal India, Alphageo (India), Panama Petrochem, IOC.
Telecom
17 July 2020
Out of 14 S&P BSE Telecom sector index stocks 8 are trading above 200 day moving average.
That means 57% of Telecom sector stocks are trading above 200-dma.
There is disruption and consolidation in the Telecom sector.
Outperformers: Tata Communications, ITI, Bharti Airtel, Mahanagar Telephone Nigam.
Underperformers: Optiemus Infracom, Tejas Networks, Reliance Communications.
TECk – Telecom
3 July 2020
Out of 7 BSE TECk – Telecom Index stocks all 7 are trading above 200 day moving average.
That means 100% of Telecom Sector stocks are trading above 200-dma.
After a long-time strength is seen in the leading telecom shares.
Work from home and demand for Jio have given boost to this sector.
Outperformers: Tata Communications, ITI, Bharti Airtel, Bharti Infratel.
Underperformers: Sterlite Technologies, Vodafone Idea.
Oil & Gas
26 June 2020
BSE S&P Oil & Gas Sector Index is trading below 200 day moving average.
Out of 10 Oil & Gas stocks 4 are trading above 200-dma.
So, 40% of Oil & Gas Index stocks are trading above 200-dma.
Deregulation in the oil sector has improved the fortunes of oil marketing companies (OMC).
Drop in oil price has affected the oil producing companies.
Covid-19 has affected all transport industries and hence the oil industry also.
Outperformers: Reliance Industries, Petronet LNG, Indraprastha Gas, Gujarat State Petronet.
Underperformers: Indian Oil Corporation, Oil & Natural Gas Corporation, GAIL India.
Fast Moving Consumer Goods
19 June 2020
S&P Fast Moving Consumer Goods Sector Index is trading below 200 day moving average.
Out of 15 leading BSE FMCG Index stocks 7 are trading above 200-dma.
So 47% of the leading BSE FMCG Index stocks are trading above 200-dma.
MNCs interest in FMCG sector keeps the stock price up despite higher price to earnings.
FMCG is a defensive sector and has advantage of good monsoon and low GST.
Outperformers: E.I.D. Parry, LT Foods, Britannia Industries, Tata Consumer, Nestle India, Godrej Consumer.
Underperformer: Bajaj Consumer, Future Consumer, ITC, Godfrey Phillips, United Breweries.
Information Technology
22 May 2020
S&P BSE IT Index is trading below 200 day moving average.
S&P BSE Information Technology Sector top volume and index contributors are analysed.
Out of 19 IT stocks 6 are trading above 200 day moving average.
That means 32% of IT Sectors stocks are trading above 200-dma.
Rupee is trading close to all time low of around 77 against US dollar.
Being an exporter weak rupee is positive for this Sector.
Outperformers: Subex, Larsen & Toubro Infotech, TCS, Mindtree, HCL Tech, NIIT Techs, Infosys.
Underperformers: eClerx Services, Tech Mahindra, Hexaware Technologies, L&T Technology.
Leading sectors
8 May 2020
Top outperforming sectors are Pharma, Healthcare, IT, FMCG, Energy and Oil & Gas.
Top underperforming sectors are PSU Bank, Realty, Media, Bank and Financial Services.
BSE Healthcare or Pharmaceutical
30 April 2020
Out of 21 Pharmaceutical stocks 17 are trading above 200 day moving average.
That means 81% of Pharmaceutical stocks are trading above 200-dma.
Pharma like FMCG being a defensive sector outperforms other sectors in a falling market also.
Like IT companies Indian Pharma companies are also cashing on exports.
Outperformers: Abbott India, Ipca Laboratories, Biocon, Dr. Reddy's Lab, Cipla, Divi's Lab, Alkem Lab.
Underperformers: Piramal Enterprises, Fortis Healthcare, Hester Biosciences, Apollo Hospitals.
Multinational Company – NSE
3 April 2020
Nifty MNC index is trading below 200 day moving average.
Out of 30 Nifty MNC index stocks 5 are trading above 200-dma.
That means 17% of MNC stocks are trading above 200-dma.
High royalty payment to the parent companies had hurt the MNCs.
However, increase in stake by parent companies in Glaxo Consumer, HUL and Glaxo Pharma has resulted in positive signals.
Brand image of Nestle took a knock after the Maggi issue and local Patanjali jumps up.
FII outflows can affected this sector and inflows can improve the fortunes of this sector.
Outperformers: Abbott India, Hindustan Unilever, Nestle India, Pfizer, Sanofi India.
Underperformers: Cummins India, Sterlite Technologies, Maruti Suzuk, Vodafone Idea, Vedanta.
• Bullish Sectors: MNC Pharma, FMCG.
PSU - Oil & Gas
27 March 2020
Out of 9 BSE PSU Oil & Gas Index stocks 1 is trading above 200 day moving average.
That means 13% of stocks are trading above 200-dma.
Decontrol of petrol and diesel price has given boost to oil marketing companies.
Volatile movement of crude oil price has put pressure on this sector.
Covid-19 has changed the fortunes of the markets for now.
Outperformers: Gujarat Gas, BPCL, ONGC.
Underperformers: Chennai Petroleum, Mangalore Refinery.
Pharmaceutical – MNC
20 March 2020
Out of the 7 MNC Pharma stocks 3 are trading above 200 day moving average.
That means 43% of MNC Pharmaceutical stocks are trading above 200-dma.
Pfizer, Roche and Novartis lost their patent cases in India.
MNC Pharma shares outperform the market most of the time.
Outperformers: Abbott India, Pfizer, AstraZeneca Pharma.
Underperformers: Novartis India, GlaxoSmithKline Pharma.
Quality 30 Index stocks at NSE
13 March 2020
Out of Nifty Quality 30 index stocks 7 are trading above 200 day moving average.
That means 23% of Nifty Quality 30 stocks are trading above 200-dma.
Nifty Quality 30 index is trading below 200-dma.
However this index is performing much better than Nifty 50.
Outperformers: Asian Paints, Nestle India, Pidilite Industries, Bajaj Finance, Hindustan Unilever, Berger Paints, Dabur India.
Underperformers: Indiabulls Housing, Coal India, Hero MotoCorp, Godrej Consumer, HCL Technologies.
Infrastructure – NSE
20 February 2020
Out of 30 Nifty Infrastructure Sector Index stocks 14 are trading above 200-dma.
That means 47% of Infrastructure stocks are trading above 200 day moving average.
Infrastructure sector stocks can do better with improvement in the economy.
Outperformers: Apollo Hospitals, Bharti Airtel, Shree Cement, MRF, IGL, Ramco Cements, Reliance Industries.
Underperformers: Hindustan Petro, Tata Power, ONGC, Larsen & Toubro, NTPC, GAIL, IOC.
Services Nifty NSE
10 January 2020
Out of 30 Nifty Services Sector Index stocks 19 are trading above 200 day moving average.
That means 63% of Services Sector stocks are trading above 200-dma.
Services Sector Index is trading above 50 and 200-dma.
Services Sector stocks are from bank, energy, finance, IT, media, power, telecom and transport.
Outperformers: HDFC, Bharti Airtel, ICICI Bank, HDFC Life, Bajaj Finserv, Bajaj Finance, SBI Life.
Underperformers: Yes Bank, Zee Entertainment, Indiabulls Housing, GAIL India, RBL Bank.
Realty
30 December 2019
S&P BSE Realty Sector Index is trading above 200 day moving average.
Out of 10 Realty stocks 5 are trading above 200-dma.
So, 50% of Realty stocks are trading above 200-dma.
NSE Nifty Realty is also trading above 200-dma..
Realty sector has steadily started moving up.
This sector is sensitive to interest rate.
Outperformers: DLF, Phoenix Mills. Prestige Estates, Godrej Properties.
Underperformers: Peninsula Land, HDIL, Puravankara, Sobha.
Consumer Durables
25 October 2019
Out of 10 S&P BSE Consumer Durables Sector Index stocks 7 are trading above 200 day moving average.
That means 70% of Consumer Durables stocks are trading above 200-dma.
There is always good demand for gold in India and price is close to all time high levels.
However price of gold is still below the peak value in the world markets.
Outperformers: Hawkins Cooker, Voltas, Whirlpool of India, Blue Star, Titan Company.
Underperformers: PC Jeweller, Sharp India, BPL, Bajaj Electricals, IFB Industries.
Finance at BSE
18 October 2019
S&P BSE Finance Index is trading above 200 day moving average.
Out of leading 42 S&P BSE Finance Index stocks 17 are trading above 200-dma.
That means 40% of Finance Sector Index stocks are trading above 200-dma.
The Indian economy is expected to perform well with good monsoon.
Hence it is expected that banks, NBFC, housing finance, micro finance and insurance to perform well.
Outperformers: MCX, Manappuram Finance, Bajaj Finance, GRUH Finance, SBI Life, Reliance Nippon, Bajaj Holding.
Underperformers: Karnataka Bank, Indiabulls Ventures, Weizmann Forex, Indostar Capital, BOB, Ibulls Housing.
Bank – NSE
1 October 2019
Nifty Bank Sector Index is trading below 200 day moving average.
Out of 12 Bank stocks 3 are trading above 200-dma.
That means 25% of Bank Sector stocks are trading above 200-dma.
Private Banks are performing better than PSU Banks.
Non-Performing Assets (NPA) in PSU Banks are well known.
Outperformers: Kotak Mahindra Bank, HDFC Bank, ICICI Bank.
Underperformers: Punjab National Bank, Bank of Baroda, IndusInd Bank.
Paint
6 September 2019
Out of 7 Paint industry stocks 5 are trading above 200 day moving average.
That means 71% of the Paint stocks are trading above 200-dma.
The drop in the price of commodities has benefited the paint industry.
Stable and low price of crude oil is positive but downturn in auto sector is negative.
Outperformers: Mitshi India, Berger Paints India, Asian Paints, Kansai Nerolac Paints.
Underperformers: Shalimar Paints, Hardcastle and Waud Manufacturing Company.
TECk – Technology
17 May 2019
Out of 11 S&P BSE TECk IT sector stocks 8 are trading above 200 day moving average.
That means 73% of these stocks are trading above 200-dma.
The 50/200-dma bullish crossover is in progress for BSE IT and NSE IT sector indices.
Outperformers: Wipro, Infosys, Tech Mahindra, Just Dial, Infosys, Tata Consultancy Services.
Underperformers: Cyient, OFSS, Mphasis.
Information Technology – Others (USA)
29 April 2019
Tech heavy NASDAQ is trading above 200 day moving average.
Most of the leading world markets are also trading above 200-dma.
Out of 20 US Information Technology stocks 19 are trading above 200-dma.
That means 95% of the US Information Technology stocks are trading above 200-dma.
NASDAQ has hit all time high and 50/200-dma golden crossover is in progress.
Outperformers: Microsoft Corporation, Alphabet, Adobe, Workday, Facebook, VMware.
Underperformers: Intel Corporation, Verizon Communications, Cognizant Technology, IBM.
TECk
19 February 2019
S&P BSE TECk sector index is trading above 200 day moving average.
Out of 29 S&P BSE TECk index stocks 8 are trading above 200-dma.
That means 28% of TECk stocks are trading above 200-dma.
The 50/200-dma golden crossover is in progress.
TECk is a combination of Technology and Knowledge based industries.
Outperformers: Tech Mahindra, Wipro, Infosys, INOX Leisure, HCL Technologies, Tata Consultancy Services.
Underperformers: Vodafone Idea, Jagran Prakashan, TV18 Broadcast, Navneet Education, Reliance Com.
Energy – NSE
8 February 2019
Nifty Energy Index is trading above 50 and 200 day moving average.
The 50/200-dma golden crossover could be due to the huge weightage of RIL.
Out of 10 Nifty Energy Sector stocks only 1 is trading above 200-dma.
That means 10% of Energy Index stocks are trading above 200-dma.
Outperformers: Reliance Industries, Bharat Petroleum Corporation.
Underperformers: NTPC, Reliance Infrastructure.
PSU – Banks & Finance
31 December 2018
Out of 23 S&P BSE PSU Bank Index stocks 10 are trading above 200 day moving average.
That means 43% of PSU Bank & Finance stocks are trading above 200-dma.
Banking Sector is sensitive to inflation and interest rate.
PSU Banks NPAs run close to 15 lakh crores.
Outperformers: State Bank of India, Oriental Bank of Commerce, Canara Bank.
Underperformers: General Insurance Corporation of India, New India Assurance Co, Jammu & Kashmir Bank.
Paper at BSE NSE
22 November 2018
Out of 16 Paper Sector stocks 7 are trading above 200 day moving average.
That means 44% of the Paper stocks are trading above 200-dma.
Outperformers: Nath Pulp and Paper Mills, Satia Industries, West Coast Paper Mills, JK Paper and Shree Ajit Pulp.
Underperformers: Tamil Nadu Newsprint & Papers, Star Paper Mills, South India Paper Mills.
Sugar Sugar at BSE NSE
19 September 2018
Out of 24 Sugar stocks from BSE and NSE 12 are trading above 200 day moving average.
That means 50% of Sugar stocks are trading above 200-dma.
Sugar being an essential commodity is sweet for the voting public.
Sugar could be bitter at times for the farmers or industry.
Rise in crude oil price and strengthening of US dollar encourages blending of ethanol with petrol.
Though liberalization has taken place still there are many restrictions for the industry.
Outperformers: Ravalgaon Sugar Farm, Shree Renuka Sugars, DCM Shriram Industries, Ponni Sugar (Erode), Bajaj Hindusthan Sugar, Uttam Sugar Mills.
Underperformers: Riga Sugar, Kakatiya Cement Sugar & Industries, E.I.D.- Parry (India), Dwarikesh Sugar Industries.
Automobile Sector Index stocks at NSE
27 July 2018
Nifty Automobile Sector Index is trading below 200 day moving average.
Out of 15 Nifty Auto Index stocks 5 are trading above 200-dma.
That means 33% of Automobile stocks are trading above 200-dma.
Increase in the price of metal and crude oil has affected the performance of this sector.
Increase in the interest rates can further give trouble to this sector.
Outperformers: MRF, Exide Industries, Mahindra & Mahindra, Apollo Tyres, Maruti Suzuki India.
Underperformers: Tata Motors, Bajaj Auto, Hero MotoCorp.
Bank
13 July 2018
S&P BSE Bankex Sector Index is trading above 200 day moving average.
Out of 10 BSE Bank Sector Index stocks 4 are trading above 200-dma.
That shows 40% of BSE Bank Sector Index stocks are trading above 200-dma.
Bank Sector is sensitive to inflation and interest rate.
Banking and finance services sectors are outperforming in recent times.
Outperformers: HDFC Bank, Kotak Mahindra Bank, Yes Bank, City Union Bank, RBL Bank, IndusInd Bank.
Underperformers: Union Bank of India, Dhanlaxmi Bank, Indian Overseas Bank, Bank of India.
Consumption – NSE
1 June 2018
Out of 30 Nifty India Consumption index stocks 18 are trading above 200 day moving average.
That means 60% of India Consumption stocks are trading above 200-dma.
Outperformers: Godrej Consumer Products, Dabur India, Hindustan Unilever, Colgate-Palmolive (India), Britannia Industries, Mahindra & Mahindra, Page Industries.
Underperformers: Apollo Hospitals Enterprise, Emami, Tata Power Company, Idea Cellular.
Commodities – NSE
2 January 2018
Out of 30 Nifty India Commodities index stocks 27 are trading above 200 day moving average.
That means 90% of commodities stocks are trading above 200-dma.
The fall in the price of commodities has improved the fortunes of some sectors like auto, aviation, cement, metals, petrochemicals etc.
Outperformers: Steel Authority of India, Tata Power Company, Oil India, Tata Steel, Hindalco Industries, Century Textiles & Industries and JSW Steel.
Underperformers: Coal India, UPL, Indian Oil Corporation.
Tea Coffee at BSE NSE
29 November 2017
All the 14 Tea Coffee stocks from BSE and NSE are trading above 200 day moving average.
That means 100% of Tea Coffee stocks are trading above 200-dma.
Production of less tea in some part of the world has pushed the price up.
Besides tea has been extensively used in politics also!
Outperformers: Goodricke Group, Tata Global Beverages, Tata Coffee, McLeod Russel India, Jay Shree Tea & Industries, KanCo Tea & Industries, Harrisons Malayalam.
Underperformers: CCL Products (India), United Nilgiri Tea Estates Company, Bombay Burmah Trading Corporation.
Fertilizer at BSE NSE
28 November 2017
Out of 15 Fertilizer stocks from BSE and NSE 14 are trading above 200 day moving average.
That means 93% of Fertilizer stocks are trading above 200-dma.
Fertilizer is subsidies still the plight of small farmers has not improved.
Outperformers: Zuari Global, SPIC, Coromandel International, Madras Fertilizers, Mangalore Chemicals & Fertilizers, Chambal Fertilisers & Chemicals, RCF.
Underperformers: National Fertilizers, FACT, Dharamsi Morarji Chemical Co.
Logistics at BSE NSE
24 November 2017
Out of 12 Logistics stocks from BSE and NSE 8 are trading above 200 day moving average.
That means 67% of Logistics stocks are trading above 200-dma.
Logistics sector involved in storing and warehousing has been given the infrastructure status.
Outperformers: VRL Logistics, Arshiya, Aegis Logistics, Balmer Lawrie & Company, Mahindra Logistics.
Underperformers: Asis Logistics, Chartered Logistics, Allcargo Logistics.
PSU - Metal & Mining
6 October 2017
Out of 9 BSE PSU Metal & Mining Index stocks 3 are trading above 200 day moving average.
That means, 33% of PSU Metal stocks are trading above 200-dma.
Outperformers: National Aluminium Company, Gujarat Mineral Development Corporation, MOIL.
Underperformers: NMDC, Steel Authority of India, Coal India.
Automobile
22 September 2017
BSE Automobile Sector Index is trading above 200 day moving average.
Out of 14 Auto stocks 9 are trading above 200-dma.
That means 64% of Automobile stocks are trading above 200-dma.
Metal and crude oil price coming lower is good for the auto sector.
Drop in the interest rates can further boost this sector.
Outperformers: Maruti Suzuki India, Grauer & Weil (India), Sundaram Clayton, Bharat Forge, JBM Auto.
Underperformers: SML Isuzu, Omax Autos, Amtek Auto, Amara Raja Batteries, Tata Motors.
Power
7 Aug 2017
BSE Power Sector Index is trading above 20, 50, 100 and 200 day moving average.
Out of 18 Power Index stocks 14 are trading above 200-dma.
So, 78% of Power Index stocks are trading above 200-dma.
Outperformers: PTC India, Lakshmi Electrical Control, GVK Power & Infrastructure, NTPC, Power Grid Corporation.
Underperformers: Lanco Infratech, Reliance Power, BHEL.
Metal
9 June 2017
BSE S&P Metal Sector Index is trading above 200 day moving average.
Out of 10 Metal Index stocks 7 are trading above 200-dma.
So, 70% of Metal stocks are trading above 200-dma.
BSE Metal Sector Index is trading above 20 and 50-dma but below 100-dma.
There is improvement in the price of commodities in recent times.
The price of metals, minerals and crude oil have moved up steadily.
Outperformers: APL Apollo Tubes, Gujarat Mineral Development Corporation, Hindalco Industries, Tata Steel.
Underperformers: Gujarat NRE Coke, Coal India, Orissa Min Dev Co.
Public Sector Undertakings
6 March 2017
BSE PSU Index is trading above 200 day moving average.
Out of 56 PSU Index stocks 50 are trading above 200-dma.
That means 89% of PSU stocks are trading above 200-dma.
Outperformers: IOC, Chennai Petroleum, National Aluminium, Vijaya Bank, NLC India.
Underperformers: Indian Overseas Bank, Container Corporation, UCO Bank.
PSU - Power & Other Sectors
19 January 2017
Out of 17 PSU Power & Other Sector Index stocks 15 are trading above 200 day moving average.
That is 88% of these stocks are trading above 200-dma.
Outperformers: Power Grid, Engineers India, Balmer Lawrie, Bharat Electronics, NTPC.
Underperformers: BHEL, Shipping Corporation of India, Container Corporation.
Public Sector Enterprises – NSE
21 December 2016
Out of 20 Nifty PSE index stocks 16 are trading above 200 day moving average.
That means 80% of Public Sector Enterprises stocks are trading above 200-dma.
Most of the time Private sector stocks outperform Public sector stocks.
But recently Public sector is in the upswing dominated by Oil & Gas stocks.
Outperformers: Engineers India, BPCL, Petronet LNG, HPCL, IOC.
Underperformers: CONCOR, Coal India, Rural Electrification Corporation.
Pharmaceutical – Others
(Other than BSE Health Care, NSE Pharma and MNC Pharma stocks)
4 September 2015
Out of 15 shares 11 are trading above 200 day moving average.
That means 73% shares are trading above 200-dma.
Outperformers: Jubilant Life Sciences, Dishman Pharmaceuticals, FDC.
Underperformers: Elder Pharmaceuticals, Sterling Biotech.
TECk – Media
16 June 2015
Out of 10 BSE TECk – Media Index stocks 2 are trading above 200 day moving average.
That means 20% of Media Sector stocks are trading above 200-dma.
Outperformers: Dish TV India, TV18 Broadcast.
Underperformer: Sun TV Network
Capital Goods
26 February 2014
Out of 20 BSE Capital Goods Index stocks 14 are trading above 200 day moving average.
So, 70% of Capital Goods stocks are trading above 200-dma.
Outperformers: AIA Engineering, VA Tech Wabag, SKF India, Larsen & Toubro.
Underperformers: Bharat Electronic, Pipavav Defence and Offshore Engineering Company.