How is bse sensex doing?(EMA perspective)

[krishnanravi2009]

Hi All

June 26,2009.

Another end of the week and the end of June. How is the overall market doing?.Have we finished our consolidation phase or Friday is just a market play.One of the indices technicians often look for such questions is the BSE 500 index.They compare the performance of the 500 index with the sensex.

I take a different Parameter EMA and do a 21day and 100day analysis of all the BSE 500 stocks.Stocks with 21 day moving average higher than the stocks with 100 day moving average higher would indicate that the market has been performing well recently and vice versa.This will also give the overall trend of the market.A word of caution in this analysis is the noise created during May 2009.

The data is from Jan 1 2009 to June26 2009.Parameter 21 days EMA and 100 days EMA.

Out of 500 companies 300 companies are trading above 21 daysEMA and a staggering 440 companies are trading above 100 days EMA.

Markets are certainly in consolidation phase and are expected to move up.

List of companies with higher 21 days EMA.


COMPANY PRICE EMA
3M INDIA LTD 853.4 1269.11
ABB LTD. 789.15 717.19
ABBOTT (I) 470 466.72
ABG SHIPYARD 74.6 206.26
ACC LTD 799.05 783.5
ADANI ENTER 788.55 696.72
ADHUNIK MET 68.55 66.03
ADI BIR NUVO 900.75 877.93
ADVANTA 695.75 610.41
AFTEK LTD 15.85 15.81
AHLUWALIA CO 82.5 80.87
AIAENGINEER 230.7 226.22
ALSTOM POWER 274.95 247.72
AMAR RAJA BA 89.35 86.41
ANANT RAJ IN 99 103.97
APOLLO HOSP. 602.6 515.86
APOLLO TYRES 32.9 30.74
AREVA 339.7 326.76
ASHOK LEYL. 31.8 30.56
ASIAN ELECTR 42.55 42.25
ASIAN HOTELS 314.65 311.48
ASIAN PAINTS 1152.85 1105.85
ASSAM CO.LTD 14.92 14.63
ASTRA MICRO 81.55 78.05
AUROB.PHARMA 500.95 442.32
AVENTIS PH. 1137.5 1121.51
AXIS BANK 818.45 743.21
BAJAJ FINSE 399.5 376.81
BAJAJHIND.LT 209.25 190.52
BANK MAHA 40.6 39.11
BARTRONICSIN 181.3 149.55
BAYER CROP 306.85 300.26
BEML LTD 904.5 845.27
BF UTILI 810.3 759.94
BGR ENERGY 338.9 319.27
BHARAT BIJLE 854.95 845.94
BHARAT ELECT 1339.05 1304.47
BHARSHIP 167.1 160.61
BHARTI ARTL 809.55 805.07
BHEL 2201.5 2122.66
BILCARE LTD. 457.45 455.96
BINANI CEM 53.4 53.02
BIOCON LTD. 226.75 203.56
BL KASHYAP 365.95 351.14
BLUE STAR 311.05 293.34
BNK OF BAROD 435.55 426.23
BNK OF INDIA 345.1 328.03
BSE INFRA 20 19.97
CADILA HEALT 388.15 344.74
CAIRN IND 234 233.64
CANARA BANK 266.1 256.27
CARBORUNDUM 132.8 124.53
CASTROL 376.3 352.36
CENTRAL BK 93.05 80.19
CENTURY TEXT 412.4 403.15
CHAMBAL FERT 65.2 64.19
CIPLA LTD. 261.3 249.11
CMC LTD. 790 654.88
COLGATE PALM 574.2 536.25
CONSOL CONST 238 222.81
CONTAIN.CORP 951.8 948.24
CORE PROJECT 134.5 133.22
CORPN.BANK 331.65 313.79
CRISIL LTD 3448.55 3325.16
CROMPT.GREAV 296.3 276.48
CUMMINS (I) 276.95 266.64
DABUR (I) 121.05 114.95
DALMIA CEMEN 135.85 135.77
DCM SHR.CON 52.95 51.56
DECCAN CHR 80.45 77.03
DEEPAK FERT. 93.15 91.51
DENA BANK 55.55 53.23
DEV CRBANK 38.75 38.19
DISHMAN PHAR 188.05 175.87
DIVI'S LAB. 188.05 175.87
DLF LIMITED* 233.75 219.3
DR.REDDY'S 233.75 219.3
E.I.D.PAR 268.1 253.98
EDUCOMP SOLN 3535.2 3085.37
EICHER MOTOR 315.65 298.7
EIH LTD. 129.25 126.93
ELDER PHARMA 237.95 237.61
ELEC.CASTING 33.45 31.32
EMCO LTD. 81.1 77.38
ENGINRS.(I) 978.35 915.33
ESS DEE ALUM 312.9 296.18
EVEREST KANT 207.7 200.77
EVERONN SYS 406.4 367.61
EXIDE IND. 70.15 68.11
FEDERAL BANK 245.25 241.19
FINANC.TEC. 1377.35 1310.52
FINOLEX IND. 46.3 42.98
FSL 25.85 25.08
GAMMON INDIA 177.3 156.71
GAMMON INFRA 123.45 121.33
GANESH HSG. 84.45 80.79
GENUS POWER 216.65 201.58
GEOD LTD 96.8 104.29
GEOJIT FIN 45 41.64
GLAXOSMITH 1232.1 1217.1
GLAXOSMITHKL 937.6 896.21
GLENMARK PHA 232.4 222.59
GODREJ CONS 175.5 171.95
GODREJ IND 136 128.67
GRAPHITE IN. 43.05 42.83
GRASIM IND. 2372.9 2269.3
GREAT OFFSH 421.4 378.97
GSS AMERICA 117.45 116.26
GTL LTD. 302.35 294.94
GUJ.IND.POW. 82.35 80.99
GUJ.MINERAL 85.35 84.76
GUJ.NRE COKE 49.85 47.93
GUJ.ST.FERT 172.35 170.6
GULF OIL COR 58 57.21
GVK POWERINF 41.8 40.76
HAVELLSINDIA 269.25 268.78
HCL INFOSYS 115.5 114.99
HCL TECHNO 191.7 184.98
HDFC 2435.5 2291.8
HDFC BANK 1496.7 1462.29
HEG LIMITED* 185.95 180.49
HERO HONDA 1412.9 1410.66
HEXAWARE TEC 47 46.97
HIMADRI CHEM 278.8 226.07
HIND UNI LT 265.35 254.55
HIND.CONSTN. 105.4 102.45
HINDUS.ZI 604.45 603.61
HOUSING DEV 252.1 246.39
I.C.S.A. IND 177.95 170.63
ICI INDIA 540.65 516.78
ICICI BANK 754.35 708.41
IDBI BANK L 115.45 102.25
IDEA CELL 79.5 79.21
IFCI LTD 55.55 50.29
IL&FS INVTSM 198.75 150.19
INDBUL REAL 214.65 205.39
INDIABULLS 185.2 177.13
INDIAN BANK 140.75 132.05
INDIAN OVER. 85.9 83.58
INDOTECHTR 294.35 291.82
INDRA GAS 134.85 134.78
INDUSIND BNK 89.65 77.06
INFO EDGE 681.25 641.53
INFOSYS TECH 1826.75 1717.58
INFOTECH EN. 171.05 161.39
INFRA DEVFIN 137.2 130.03
ING VYSYA BN 170.65 169.57
INGERSOLL 296.9 295.84
IPCA LAB.LTD 506.35 500.43
IRB INFRA 153.75 140.79
ITC LTD. 196.65 194.98
IVRCL INFRAS 377.75 317.22
JAI CORP LTD 286.7 276.28
JAIN IRRIG 616.55 616.02
JAIPRA 221.2 204.79
JINDAL SAW 404.55 386.17
JINDAL SOUTH 763.45 721.28
JINDAL STE 2444.05 2315.21
JK LAKSHMI 105.3 101.42
JM FINANCIAL 46.3 46.29
JP HYDROPOW 93.85 82.94
JSL 82.85 81.55
JSWSL 623.8 582.06
JUBILANT ORG 167.7 166.92
K.S.OILS LTD 61.45 59.24
KALPA.POWER 782 721.44
KARNATAKA BK 143.85 134.4
KARUTURI GLO 15.05 14
KEC INTERN 401 376.48
KEI INDUST. 28.3 26.12
KESORAM IND 276.6 275.2
KIRL.BROS. 177.4 157.16
KIRL.OIL ENG 90.6 78.24
KOTAK MAH.BK 650 633.96
KPIT INFOSYS 50.1 49.75
KSK ENERGY 220.75 214.72
LAKSHMI MACH 980.95 953.58
LANCO INFRA 373.95 355.01
LARSEN & TOU 1611.2 1464.65
LIC HOUS.FIN 635.55 562.83
LUPIN LTD. 843.4 841.48
MADHUCON PRJ 162.1 149.03
MARG LTD 106.8 104.43
MARICOLTD 72.65 71.07
MARUTISUZUK 1058.95 1038.4
MASTEK LTD 221.85 220.65
MATRIX LABOR 208.2 202.01
MAX INDIA 215.2 207.98
MCLEOD RUSSE 116.1 105.06
MCNALLYB 120.65 109.89
MIC ELECTRON 38.65 36.93
MINDTREE LTD 483.95 436.56
MPHASIS LTD 408.5 356.84
MRF LTD. 3362.05 3266.08
MRPL 86.3 82.31
MUNDRA PORT 616.9 608.35
MYS CEMENTS 26.7 24.66
NAGAR.CONST. 136.35 125.41
NAGARJ.FERT. 41.55 39.88
NAV BHAR VEN 288.35 277.08
NAVNEET PUBL 78.35 70.41
NESCO LTD 906.9 794.35
NESTLE (I) 1869 1777.2
NEYVELI LIGN 125.85 124.91
NIIT LTD. 58.7 55.2
NMDC LTD 370.7 368.76
NOCIL LTD 25.4 24.17
NOIDA-TOLL B 43.15 41.8
ONMOBILE 450.05 424.88
OPTO CIRCUIT 160.55 159.74
ORACLE FIN 1291.85 1207.47
ORINTAL BANK 184.75 177.95
PANTALOON RE 323.2 306.08
PATEL ENGG. 405.55 369.26
PATNI COMP 271.35 239.76
PENLAND LTD 68.05 66.22
PETRONET LNG 73.55 71.07
PFIZER LTD. 819.9 809.12
PIDILITE 116.25 115.86
PIRAMA HEALT 300.75 282.7
POWER FINAN 201.25 193.36
PRAKASH IND. 110.85 103.79
PRISM CEMENT 38.45 37.24
PROCTER &GAM 922.55 884.72
PTC INDIA 95.15 90.16
PUNJ LLOYD 218.15 200.11
PUNJAB NATIO 655.3 626.94
RADICOKHAIT 78.25 76.1
RASHTR.CHEM. 74.75 74.23
RATNAMNI MET 79.05 76.78
RAYMOND 157.9 150.64
RECLTD 168.05 154.88
REDINGTON 235.5 232.63
REI AGRO LTD 75.35 73.63
REL COM LTD 312.25 307.42
REL INDL INF 997.9 1027.15
REL INFRA 1264.1 1196.64
REL INFRA* 618.15 527.69
REL.CAP. 938.75 908.47
RENUKA SUGAR 142.75 134.69
RIL NAT RES 91.35 88.05
ROLTA (I) 132 128.14
S.KUMARS NAT 46.4 44.84
SADBHAV ENGG 666.95 637.24
SANGHVI MOVE 180.2 171.19
SASKEN COMM 110.65 100.98
SESA GOA 192.45 180.15
SHAW WALLACE 215.75 194.99
SHIVVANI OIL 287.85 277.75
SHREE ASHTA 554.3 547.55
SHREE CEMENT 1185.55 1125.69
SHRIRAM EPC 169.3 166.53
SHRIRAM TRAN 298.05 288.33
SIEMENS LTD. 498.35 470.44
SIMPLX INFRA 380.85 358.18
SINTEX IND. 222 216.96
SKF INDIA 230.85 225.6
SOBHA DEV 204.5 204.16
SOUTH IND.BK 92.75 88.02
SPICE TELE 70.3 69.82
SREIINFRA 71.5 68.13
SRF LIMITED* 83.15 79.59
STATE BANK 1748.95 1701.23
STC INDIA 358.65 334.25
STER TECH 183.5 151.14
STERLITE IN 612.05 605.47
STRIDES 147.35 135.28
SUBEX LTX 64.05 57.43
SUJANATOWER 28.1 27.09
SUZLONENERGY 123.35 111.47
TATA ELXSI 143.8 143.65
TATA POWER 1163.25 1121.67
TATA TELESER 38.5 35.65
TECH MAH 739.2 684.3
TEXMACO LTD. 113.05 105.45
THERMAX 410.25 392.3
TIME TECHNO 39.25 38.31
TITAN IND. 1138.15 1128.05
TORNT POWER 169 150.53
TORRENT PHAR 182.8 173.63
TUBE INV. 48.95 28.86
TVTN 60.7 58.87
ULTRATECH CM 714.4 694.64
UNION BANK L 231.75 216.58
UNITD SPR 928.65 869.05
UNITECH LTD 82.35 80.56
UNITED BREWE 187.95 187.34
UNITED PHOSH 155.6 153.08
UNITY INFRA 320.1 269.99
VAKRANGEE SO 68.05 61.32
VIDEOCON IND 181.65 171.39
VIJAYA BANK 46.55 43
VOLTAMP TRAN 769.35 731.98
VOLTAS LTD 61.85 36.94
WALCHANDNGR 217.9 209.92
WELSP GUJ SR 204.3 197.19
WOCKHARDT 142.4 133.5
WYETH LTD. 600.75 562.46
YES BANK 143.25 130.59

 

[AW10]

Appreciate that you have shared the findings of your analysis with all of us here.

Out of 500 companies 300 companies are trading above 21 daysEMA and a staggering 440 companies are trading above 100 days EMA.

What does this indicate ? What have you interpreted from this statement and how can we use it in out trading?

In my view, Overall market (almost all indices ) are above 200 day ema. /50 day ema / 21d ema. So it is obvious that majority of their constituents will also show the same result.

This type of analysis makes sense to capture divergence signals or to understand if the majority is stocks i.e. sentiment is going in other direction whereas the index is heading in opposite direction. Basically to understand the market's internal weakness/strength which is not obvious from main index.

eg.- when Nifty is going up (cause RIL, ONGC, NTPC etc are moving up) and it is above 21d ema, the broad market analysis is showing more number of stocks trading below 21 d ema etc. That is divergence in reading and hence smart traders take appropriate action without getting fooled by rising Nifty.

Happy Trading.

 

[krishnanravi2009]

Hi

I am just a novice in the field of Market Prediction and want to learn from boarders who are far more insightful and precise as I see from Posts.

My conclusion from this analysis is we are in consolidation phase after breakout in May. I wanted to know whether the rise on Friday is a breakout from consolidation.I wanted to know whether the broader market is gaining momentum.It appears so from another simple indicator called SMA.Out of 500 BSE companies close to 190 companies are trading above 21 days SMA and close to 300 companies are trading above 21 days EMA.

Having said that these are simple parameters from which no definite conclusion can be drawn.

Companies trading above 21 days SMA.

COMPANIES PRICE SMA
3M INDIA LTD 1301.65 1294.95
ABB LTD. 789.15 729.22
ADANI ENTER 788.55 717.7
ADVANTA 695.75 615.7
ALLCARGO GLO 809.2 805.79
ALSTOM POWER 492.7 472.7
ANANT RAJ IN 99 113.75
ANDHRA BANK 83.35 57.48
APOLLO HOSP. 602.6 516.61
APOLLO TYRES 32.9 19.98
AREVA 339.7 338.87
ASIAN PAINTS 1152.85 1126.63
AUROB.PHARMA 500.95 446.75
AXIS BANK 818.45 742.55
BAJAJ AUTO F 68.3 58.32
BAJAJ FINSE 399.5 396.02
BAJAJHIND.LT 209.25 195.23
BALRAM.CHINI 109.3 100.18
BARTRONICSIN 181.3 153.89
BAYER CROP 306.85 306.25
BEML LTD 904.5 861.48
BF UTILI 810.3 810.12
BGR ENERGY 338.9 337.6
BHARAT ELECT 1339.05 1327.36
BHEL 2201.5 2172.37
BIOCON LTD. 226.75 205.66
BLUE STAR 311.05 301.39
BNK OF BAROD 435.55 431.05
BNK OF INDIA 345.1 332.83
CADILA HEALT 388.15 342.07
CANARA BANK 266.1 261.12
CARBORUNDUM 132.8 126.87
CASTROL 376.3 347.41
CENTRAL BK 93.05 80.55
CIPLA LTD. 261.3 245.42
CMC LTD. 790 664.43
COLGATE PALM 574.2 535.69
CONSOL CONST 238 236.46
CORPN.BANK 331.65 314.96
CRISIL LTD 3448.55 3363.88
CROMPT.GREAV 296.3 286.48
CUMMINS (I) 276.95 271.56
DABUR (I) 121.05 114.17
DABUR PHARMA 36.5 36.12
DALMIA CEMEN 78.05 143.48
DECCAN CHR 80.45 79.56
DENA BANK 55.55 55
DISHMAN PHAR 188.05 182.66
DISHMAN PHAR 188.05 182.66
DLF LIMITED* 233.75 219.22
DLF LIMITED* 233.75 219.22
E.I.D.PAR 268.1 261.35
EDUCOMP SOLN 3535.2 3090.07
EICHER MOTOR 315.65 301.5
ELEC.CASTING 33.45 32.97
ENGINRS.(I) 978.35 925.51
EVEREST KANT 207.7 207.43
EVERONN SYS 406.4 381.64
FINOLEX IND. 46.3 45.18
GAMMON INDIA 177.3 162.27
GANESH HSG. 84.45 84.38
GEOD LTD 96.8 108.89
GEOJIT FIN 45 40.71
GLAXOSMITH 1232.1 1225.36
GLAXOSMITHKL 937.6 899.35
GLENMARK PHA 232.4 227.26
GODREJ IND 136 133.51
GRASIM IND. 2372.9 2314.4
GREAT OFFSH 421.4 380.56
GSS AMERICA 117.45 114.5
GTL LTD. 302.35 295.75
HCL TECHNO 191.7 187.23
HDFC 2435.5 2333.6
HDFC BANK 1496.7 1475.85
HIMADRI CHEM 278.8 227.1
HIND UNI LT 265.35 254.08
HT MEDIA 94.9 102.86
ICI INDIA 540.65 518.22
ICICI BANK 754.35 727.31
IDBI BANK L 115.45 102.54
IFCI LTD 55.55 52.17
IL&FS INVTSM 198.75 144.89
INDIAN BANK 140.75 134.32
INDUSIND BNK 89.65 78.05
INFO EDGE 681.25 659.71
INFOSYS TECH 1826.75 1725.67
INFOTECH EN. 171.05 167.01
INFRA DEVFIN 137.2 132.7
IRB INFRA 153.75 143.1
ITC LTD. 196.65 195.23
IVRCL INFRAS 377.75 334.12
JAIPRA 221.2 214.12
JINDAL SAW 404.55 402.05
JINDAL SOUTH 763.45 752.2
JINDAL STE 2444.05 2360.7
JP HYDROPOW 93.85 86.43
JSWSL 623.8 597.68
K.S.OILS LTD 61.45 60.39
KALPA.POWER 782 750.16
KARNATAKA BK 143.85 139.15
KARUTURI GLO 15.05 14.74
KEC INTERN 401 390.88
KEI INDUST. 28.3 27.4
KIRL.BROS. 177.4 162.18
KIRL.OIL ENG 90.6 80.94
KSK ENERGY 220.75 219.48
LAKSHMI MACH 980.95 1000.26
LANCO INFRA 373.95 371.88
LARSEN & TOU 1611.2 1502.32
LIC HOUS.FIN 635.55 569.5
LUPIN LTD. 843.4 843.04
MADHUCON PRJ 162.1 158.02
MARICOLTD 72.65 71.76
MATRIX LABOR 208.2 207.7
MCLEOD RUSSE 116.1 104.93
MCNALLYB 120.65 115.52
MINDTREE LTD 483.95 443.62
MOSER BEAR 93.4 100.82
MPHASIS LTD 408.5 356.2
MRPL 86.3 85.06
MYS CEMENTS 26.7 25.43
NAGAR.CONST. 136.35 130.65
NAV BHAR VEN 288.35 287.51
NAVNEET PUBL 78.35 71.53
NESCO LTD 906.9 824.28
NESTLE (I) 1869 1779.35
NIIT LTD. 58.7 58.2
NOIDA-TOLL B 43.15 42.86
ONMOBILE 450.05 435.75
ORACLE FIN 1291.85 1232.85
ORINTAL BANK 184.75 181.62
PANTALOON RE 323.2 315.35
PATEL ENGG. 405.55 384.45
PATNI COMP 271.35 243.71
PETRONET LNG 73.55 73.06
PFIZER LTD. 819.9 814.84
PIRAMA HEALT 300.75 280.5
POLARIS SOFT 105.5 100.93
POWER FINAN 201.25 196.68
PRAJ IND.LTD 98.15 104.86
PRAKASH IND. 110.85 110.27
PROCTER &GAM 922.55 888.02
PTC INDIA 95.15 92.01
PUNJ LLOYD 218.15 209.14
PUNJAB NATIO 655.3 633.76
RADICOKHAIT 78.25 77.63
RECLTD 168.05 156.12
REL INDL INF 997.9 1093.57
REL INFRA 1264.1 1228.42
REL INFRA* 618.15 509.58
RENUKA SUGAR 142.75 136.41
RIL NAT RES 91.35 90.66
SADBHAV ENGG 666.95 658.77
SANGHVI MOVE 180.2 177.87
SASKEN COMM 110.65 105.27
SESA GOA 192.45 180.93
SHAW WALLACE 215.75 199.26
SHREE ASHTA 554.3 546.6
SHREE CEMENT 1185.55 1141.05
SHRIRAM TRAN 298.05 292.85
SIEMENS LTD. 498.35 484.53
SIMPLX INFRA 380.85 375.56
SOUTH IND.BK 92.75 90.85
SRF LIMITED* 83.15 78.17
STC INDIA 358.65 357.48
STER TECH 183.5 155.96
STRIDES 147.35 135.84
SUBEX LTX 64.05 58.08
SUZLONENERGY 123.35 117.2
TATA POWER 1163.25 1129.09
TATA TELESER 38.5 36.6
TECH MAH 739.2 698.17
TEXMACO LTD. 113.05 107.69
THERMAX 410.25 404.2
TITAGARH WAG 410.4 382.13
TORNT POWER 169 153.91
TORRENT PHAR 182.8 176.33
TUBE INV. 48.95 48.29
TULIP TELE 736.15 687.08
TV 18 INDIA 84.95 138.45
TVTN 60.7 59.14
UNION BANK L 231.75 219.05
UNITD SPR 928.65 890.02
UNITY INFRA 320.1 277.02
VAKRANGEE SO 68.05 65.29
VIDEOCON IND 181.65 179.28
VIJAYA BANK 46.55 44.96
VOLTAMP TRAN 769.35 755.54
VOLTAS LTD 131.65 126.04
WOCKHARDT 142.4 137.45
WYETH LTD. 600.75 562.54
YES BANK 143.25 132.24