Market Gems sifts through thousands of stocks on the NSE using sophisticated technical scanning programs to quickly find stocks with the best potential for profitable moves.

Note: To avoid misleading signals that are often generated by thinly traded stocks, all of the predefined scans only consider stocks that have averaged more than 40,000 shares traded per day for the last 20 days.

Weekly Technical Analysis of the Indian Stock & Share Market

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Most Active Stocks

The 20 most active stocks traded in terms of value of shares traded and their weekly % change.

Security Name	Close	% Change
RELIANCE INDS	2674.75	1.91
ICICI BANK	937.15	2.34
INFOSYS TECHNOLO	1787.45	6.12
RELIANCE CAPITAL	1542.30	5.39
SESA GOA	4344.20	24.11
RELIANCE ENERGY	1527.40	12.25
JAIPRAKASH ASSOC	287.25	16.76
RELIANCE COMMUNICATIONS	561.40	-2.69
RELIANCE NATURAL RESOURCES	125.15	0.96
BHARTI AIRTEL	900.25	-2.41
RELIANCE PETROLEUM	203.00	4.20
SATYAM COMPUTER	494.20	11.13
IDEA CELLULAR	108.65	1.02
DLF	721.35	8.01
IFCI LTD	60.40	-2.03
HOUSING DEV & INFRA	845.45	15.45
LARSEN & TOUBRO	3135.05	5.13
HDFC LTD	2774.80	2.97
TCS	943.75	6.12
BOMBAY DYEING	1040.75	23.65

Biggest Weekly % Gainers

The following list shows the stocks (over Rs.10/share) that had the biggest gains over last week. Gains are measured on a percentage basis. For example, a stock moving from 20 to 25 had a 5 point or 25% gain. Often stocks appearing on this list had some type of positive news (e.g., big earnings report, new product announcement, etc.).

Security Name	Close	% Change
GEOJIT FINANCIAL SERVICES	63.15	29.67
GOLDSTONE INFRAT	53.00	25.74
SESA GOA	4344.20	24.12
BOMBAY DYEING	1040.75	23.66
BPL LTD	61.75	21.56
RELIANCE INFRAST	1625.05	21.55
PRAJ INDS	206.45	21.48
CAMBRIDGE TECHNOLOGY ENTERPRISES	45.55	21.47
MAHINDRA LIFESPA	550.95	21.02
GRAPHITE (I)	68.75	19.25
SURYA PHARMACEUTICALS	120.95	19.22
TVS ELEC [NEW]	45.55	19.09
KHANDWALA SECURITIES	57.05	18.85
JAI CORPORATION	665.15	18.67
SELAN EXPLORATION TECHNOLOGY	265.70	18.62
PREMIER LTD	166.80	18.55
TVS MOTOR	45.75	18.52
GOLDSTONE TECHNOL	210.05	17.68
STERLITE TECHNOL	232.90	17.48
TECH MAHINDRA	950.85	17.02
JAIPRAKASH ASSOC	287.25	16.77
GTL INFRASTRUCTURE	54.15	16.45
SIMBHAOLI SUGARS	44.15	16.03
SICAL LOGISTICS	204.20	15.79
GEMINI COMMUNICATION	270.10	15.53
NIIT TECHNOLOGIES	151.35	15.49
HOUSING DEV & INFRA	845.45	15.45
MIC ELECTRONICS	899.10	15.27
BARTRONICS (I)	226.30	15.19
ANSAL PROPERTIES	185.75	15.19
LANCO INFRATECH	533.25	15.19
GOLDIAM INTL	61.55	15.05

Biggest Weekly % Losers

The following list shows the stocks (over Rs.10/share) that had the biggest losses over last week. Losses are measured on a percentage basis. For example, a stock moving from 20 to 15 had a 5 point or 25% loss. Often stocks appearing on this list had some type of negative news (e.g., bad earnings report, lower analyst rating, product delay announcement, etc.).

Security Name	Close	% Change
SUBEX AZURE	147.10	-26.65
KOHINOOR FOODS	89.75	-16.82
KPIT CUMMINS INFOSYSTEMS	90.80	-15.02
INDIA FOILS	18.30	-13.68
IFB INDS	42.55	-13.07
PAREKH ALUMINEX	155.20	-12.71
LT OVERSEAS	55.65	-12.57
ALSTOM PROJECTS	619.95	-12.29
EID PARRY	226.20	-11.66
KRBL LTD	125.05	-11.44
SPENTEX INDS	20.40	-10.92
PRIME SECURTIES	99.95	-10.68
WELSPUN GUJ STAHL ROHREN	403.10	-10.64
ELGITREAD (I)	20.35	-10.55
KIRLOSKAR BROTHERS	273.50	-10.37
GRASIM INDS	2375.00	-10.36
SIEMENS LTD	578.05	-10.25

Stocks with Bullish Engulfing Patterns.

The following stocks have been trending downward in the short and intermediate terms and have formed a bullish engulfing pattern. The probability of an upward reversal in prices has increased.

Security Name	Close
None

Stocks with Bearish Engulfing Patterns.

The following stocks have been trending upward in the short and intermediate terms and have formed a bearish engulfing pattern. The probability of a downward reversal in prices has increased.

Security Name	Close
AARTI INDS	33.55
ABAN OFFSHORE	3505.75
ABHISHEK MILLS	44.25
ALSTOM PROJECTS	619.95
BANK OF MAHARASHTRA	48.70
BHARAT GEARS	46.75
CCL PRODUCTS (I)	155.00
CHOLAMANDALAM DBS FINANCE	184.10
CIPLA LTD	212.95
DEEPAK FERT	110.75
GARWARE OFFSHORE SERVICES	250.55
GUJ ST FERTILIZE	192.50
HINDALCO INDS	185.95
IFB INDS	42.55
JAYSHREE TEA	134.10
KAMDHENU ISPAT	28.50
KRBL LTD	125.05
LG BALAKRISHNAN & BROTHERS	20.35
MADRAS FERT	12.90
MUKAND LTD	87.10
MYSORE CEMENT	36.25
NAVNEET PUBLICAT	100.15
NEPC INDIA	16.20
RADHA MADHAV CORP	68.70
SEL MANUFACTURING CO	390.75
SHR PRECOATED ST	195.50
SPENTEX INDS	20.40
STERLITE INDS (I)	826.35
SUNFLAG IRON	21.40
SUPER SPG	14.80
TIPS INDUSTRIES	63.30
WELSPUN GUJ STAHL ROHREN	403.10

% Volume Change

The following list shows all stocks whose volumes surged by more than 100% this week compared to the previous week. Upward price movement on large volume change is a bullish (positive) sign for the stock if the stock has been flat or trending downward. Downward price movement on large volume change is a bearish (negative) sign for the stock if the stock has been flat or trending upward. Stocks are arranged in descending order of volume change.

Security Name	Close	% Change	Volume	% Change
ELGI EQUIPMENTS	63.60	12.56	858043	733.00
SUBEX AZURE	147.10	-26.66	1577215	658.00
SHASUN CHEM	59.10	14.09	5213541	575.00
MIC ELECTRONICS	899.10	15.26	330508	465.00
HITACHI HOME	141.05	11.36	374999	413.00
PREMIER LTD	166.80	18.55	260972	386.00
IND SWIFT LTD	30.35	14.74	770342	344.00
NAVA BHARAT VENT	260.45	13.58	849703	330.00
GRASIM INDS	2375.00	-10.37	1137503	306.00
GEOJIT FINANCIAL SERVICES	63.15	29.67	20552670	295.00
SURYA PHARMACEUTICALS	120.95	19.22	243904	279.00
K SERA SERA PRODUCTIONS	33.05	13.76	2536034	257.00
SIEMENS LTD	578.05	-10.26	9191917	255.00
BATA (I)	183.20	10.19	4571353	227.00
KOHINOOR FOODS	89.75	-16.83	175419	226.00
LIC HOUSING FIN	364.90	13.97	6107982	225.00
SESA GOA	4344.20	24.11	4071698	220.00
AJANTA PHARMA	104.10	14.77	118742	216.00
EXCEL CROP CARE	120.15	11.76	48680	204.00
CEAT LTD	135.70	10.32	1764814	192.00
SUN TV	346.10	12.68	1904140	175.00
3I INFOTECH	131.45	11.02	6622796	151.00
GOLDSTONE INFRAT	53.00	25.74	455939	149.00
GLENMARK PHARM	669.45	11.58	3280016	146.00
MAHINDRA LIFESPA	550.95	21.02	967051	143.00
GTL INFRASTRUCTURE	54.15	16.45	17318458	124.00
GOLDIAM INTL	61.55	15.04	78037	120.00
TECH MAHINDRA	950.85	17.02	1518269	114.00
KALE CONSULTANTS	61.35	10.14	478976	112.00
PAREKH ALUMINEX	155.20	-12.72	49905	107.00
SSI LTD	172.00	11.29	183038	107.00

New Intermediate Uptrend

Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.

The following list shows all stocks & indices beginning a new intermediate uptrend. A new intermediate uptrend normally begins with an upside breakout when demand outstrips supply after a series of falling tops and bottoms.

Security Name	Close
AJANTA PHARMA	104.10
AMARA RAJA BATTE	205.70
ARVIND MILLS	53.95
BALMER LAW	419.20
BATA (I)	183.20
BOMBAY DYEING	1040.75
CELESTIAL LABS	43.55
EVEREST KANTO CYLINDER	341.95
GATEWAY DISTRIPARKS	123.80
GOLDIAM INTL	61.55
GUJ SIDHEE CEMEN	22.65
HCL TECHNOLOGIES	297.05
HOUSING DEV & INFRA	845.45
HYDERABAD INDS	172.10
INDIA GLYCOLS	314.00
INFOMEDIA (I)	243.70
INGERSOLL RAND	314.70
IVRCL INFRASTR & PROJECTS	445.95
JINDAL STEEL POW	2422.70
JUBILANT ORGANOS	382.85
LANCO INFRATECH	533.25
LIC HOUSING FIN	364.90
MCDOWELL HOLDINGS	181.50
MIC ELECTRONICS	899.10
MORGAN STANLEY	53.95
NOIDA TOLL BRIDG	51.95
OUDH SUGAR MILLS	70.90
PARSVNATH DEVELOPERS	236.30
PATSPIN (I)	10.90
PRAJ INDS	206.45
PTC (I)	106.20
PUNJAB CHEMICALS & CROP PROTECTION	215.55
SESA GOA	4344.20
SHRENUJ & CO	50.80
SUMMIT SEC	23.40
SUN TV	346.10
SURYA PHARMACEUTICALS	120.95
TANLA SOLUTIONS	294.90
TODAYS WRITING PRODUCT	69.40
TVS MOTOR	45.75
VENKYS (I)	155.20
VISA STEEL	50.30
VOLTAS LTD	191.85

New Intermediate Downtrend

Prices of stocks (and other entities) rise and fall due to changes in the supply and demand relationships between buyers and sellers of the stock. The causes of the changing supply and demand relationships are many, but the effect of these changes shows up in the changing stock prices.

The following list shows all stocks beginning a new intermediate downtrend. A new intermediate downtrend normally begins with a breakdown when supply soaks up all demand after a series of rising tops and bottoms.

Security Name	Close
GREENPLY INDS	250.85

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