Trading CNX 100 stocks with Volume Spread Analysis

bunny

Well-Known Member
#1
I will analyzing and posting my opinions on CNX 100 stocks of the NSE. I may or not trade my account as per my analysis.


As of today, the following stocks are included in the CNX 100 list.
Code:
ACC , ADANIENT , ADANIPORTS , ABIRLANUVO , AMBUJACEM , APOLLOHOSP , ASHOKLEY , ASIANPAINT , AXISBANK
BAJAJ-AUTO , BAJAJFINSV , BAJAJHLDNG , BANKBARODA , BANKINDIA , BHARATFORG , BHEL , BPCL , BHARTIARTL , BOSCHLTD
CAIRN , CANBK , CIPLA , COALINDIA , COLPAL , CONCOR , CROMPGREAV , CUMMINSIND
DLF , DABUR , DIVISLAB , DRREDDY
EXIDEIND , FEDERALBNK
GAIL , GSKCONS , GLAXO , GLENMARK , GODREJCP , GRASIM
HCLTECH , HDFCBANK , HEROMOTOCO , HINDALCO , HINDPETRO , HINDUNILVR , HDFC
ITC , ICICIBANK , IDBI , IDFC , IDEA , INDHOTEL , INDUSINDBK , INFY
JSWSTEEL , JPASSOCIAT , JINDALSTEL
KOTAKBANK
LICHSGFIN , LT , LUPIN
M&M , MARUTI , MPHASIS , NMDC
NTPC
ONGC , OFSS
PETRONET , PFC , POWERGRID , PNB
RANBAXY
RELCAPITAL , RCOM , RELIANCE , RELINFRA , RPOWER , RECLTD
SESAGOA , SRTRANSFIN , SIEMENS , SBIN , SAIL , SUNPHARMA
TATACHEM , TCS , TATAGLOBAL , TATAMOTORS , TATAPOWER , TATASTEEL , TECHM , TITAN
ULTRACEMCO , UNIONBANK , UBL , UNIPHOS , MCDOWELL-N
YESBANK
ZEEL
The charts will be analysed with Volume Spread Analysis(VSA) and not technical analysis or fundamental analysis. Therefore, I may differ.
 

bunny

Well-Known Member
#2
DABUR - The last few days are climacteric action. Looks like the professional money had sold their holdings and booked their profits. Suggest that one should book profits and avoid holding this stock in their portfolio until strength appears again.
 

bunny

Well-Known Member
#3
BHARATFORG - The price volume action is bullish. Selling pressure is not seen on the chart. Expecting price to go up 255 and then 270+
 

bunny

Well-Known Member
#4
EXIDEIND - The professional buying of 22 Apr 2013 is bullish and impresses as strength. There is no selling pressure and the volume on down days is also low. The stock is likely to move up likely. Going up, traders are locked in around between 142 to 148. So I expect that 150 will happen soon.
 

bunny

Well-Known Member
#5
LT - Enough strength in the background. No selling pressure at present price level. Will cross 1650 within this week, seems so to me. Closing price of 11 May 2013 is Rs. 1563.55
 
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bunny

Well-Known Member
#6
ABB - Hopefully, it shall rise up like a spring within the next 2-3 trading sessions. 580 should not be difficult for this scrip. Closed at 518.25.
 

bunny

Well-Known Member
#8
SUNPHARMA - Showing weakness. Advised not to buy and/or exit longs. Today's closing price is 971.05. The stock *may* touch 1000 for a very short duration. Brave one may await this opportunity according to their risk taking liking.
 

bunny

Well-Known Member
#9
DABUR - The last few days are climacteric action. Looks like the professional money had sold their holdings and booked their profits. Suggest that one should book profits and avoid holding this stock in their portfolio until strength appears again.
Weakness continues in DABUR. Advise not to be long in this scrip.
 

bunny

Well-Known Member
#10
ABB - Hopefully, it shall rise up like a spring within the next 2-3 trading sessions. 580 should not be difficult for this scrip. Closed at 518.25.
Clarification on this reading: I do not mean 580 within 2-3 sessions. Cannot comment on the timeframe, and position may be closed at any time if weakness in detected in the scrip, regardless of whether 580 is achieved or not.
 

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