TRW WEEKLY REPORT FOR 8TH-12TH, FEBRUARY 2010

The beginning of 2010 market has been one of the most volatile periods the market have had, The year started as the Index opened at 20,956 and hit an all time high of 23,846, this similar pattern happened in september & october last year when the NSE ALL SHARES Index moved from 21,090 in 15th september to 23,337 in 12th october. 

The markets began the week from a continuous Bullish rally till thursday closing at 23,846. However, they gave way to steep declines on Friday on a large increase in volume. All the indexes finished with huge negative points.


Bottom Line
Current INDEX chart pattern is a Bearish Engulfing, merely shows that the bulls were losing steam.
This coming week will be very crucial as I call it the "week of corrections". The major index will find comfortable levels in RSI 50. Various Moving Averages and Fibonacci levels.

We will see how the market will digest some of the recent rally and important to see how the market indexes deal with resistance levels and whether buyers will start entering from Monday to buy at these current high trend. There are definitely some weak spots in the charts, but price action remains in an overall uptrend. Traders should remain patient, yet cautious at these levels, as the longer term patterns are in flux with near term action. Use the "TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY, WEEKLY & MONTHLY" as a guide to know what Time frame you want to trade.

HAVE A NICE TRADING WEEK

You want to learn more on RSI....
 http://www.investopedia.com/articles/technical/071601.asp

WEEKLY INDEX

Ticker Date Previous Price %Change
NSE 05/02/2010   22,594.90  23,226.28     2.79
NSE 30 05/02/2010        891.25        921.14     3.35
NSE BANKING 05/02/2010        374.27         391.11     4.50
NSE F&B 05/02/2010        596.22       599.33     0.52
NSE INS 05/02/2010        223.19         218.11 -      2.28
NSE O&G 05/02/2010        298.31       299.04        0.24

LAST WEEK INDEX

Ticker Date Previous Price %Change
NSE 29/01/2010   22,030.18   22,594.90        2.56
NSE 30 29/01/2010        876.31        891.25         1.70
NSE BANKING 29/01/2010       357.35        374.27        4.73
NSE F&B 29/01/2010        586.31        596.22         1.69
NSE INS 29/01/2010       226.70        223.19 -      1.55
NSE O&G 29/01/2010       298.45        298.31 -      0.05
WEEKLY GAINERS
Ticker Date  Previous   Price   %Change 
COSTAIN 05/02/2010          4.88          5.95             21.93
FTNCOCOA 05/02/2010          0.72          0.86             19.44
STARCOMMS 05/02/2010          2.00          2.33             16.50
UNHOMES 05/02/2010          0.98           1.12             14.29
WEMABANK 05/02/2010           1.13          1.28             13.27
SKYEBANK 05/02/2010          6.79          7.69             13.25
AIICO 05/02/2010          0.94          1.05             11.70
ACCESS 05/02/2010          8.23          9.12             10.81
DIAMONDBNK 05/02/2010          8.40          9.27             10.36
UBA 05/02/2010        12.45        13.68              9.88
IBTC 05/02/2010          8.30          9.10              9.64
AP 05/02/2010        36.40        39.37               8.16
FCMB 05/02/2010          8.85          9.52              7.57
NESTLE 05/02/2010      252.00      270.00               7.14
AFRIBANK 05/02/2010          2.82          3.01              6.74
FIDELITYBK 05/02/2010          2.51          2.66              5.98
DANGSUGAR 05/02/2010         15.10        15.96              5.70
NB 05/02/2010        54.15        57.00              5.26
UAC-PROP 05/02/2010        20.00        21.00              5.00
BAGCO 05/02/2010          1.90          1.99              4.74
UACN 05/02/2010        40.01        41.90              4.72
NBC 05/02/2010        27.30        28.50              4.40
UNITYBNK 05/02/2010          1.00          1.04              4.00
FIRSTINLND 05/02/2010          0.77          0.80              3.90
NEM 05/02/2010          0.54          0.56              3.70
UNILEVER 05/02/2010        23.17        24.00              3.58
ZENITHBANK 05/02/2010         15.31        15.85              3.53
FIRSTBANK 05/02/2010        14.72         15.17              3.06
UNIC 05/02/2010          0.74          0.76              2.70
CUSTODYINS 05/02/2010          2.85          2.92              2.46
CONTINSURE 05/02/2010          0.95          0.97               2.11
STDINSURE 05/02/2010          0.67          0.68               1.49
ASHAKACEM 05/02/2010        14.77        14.96               1.29
GUARANTY 05/02/2010        17.79        18.00               1.18
REDSTAREX 05/02/2010          2.61          2.64               1.15
WAPCO 05/02/2010        34.00        34.28              0.82
WEEKLY LOSERS
Ticker Date Previous Price %Change
NIGERINS 05/02/2010         0.92        0.78 -    15.22
UPL 05/02/2010         5.45        4.89 -    10.28
VITAFOAM 05/02/2010         5.49        5.00 -     8.93
WAPIC 05/02/2010          1.04        0.95 -     8.65
CONOIL 05/02/2010       33.57      31.00 -     7.66
OCEANIC 05/02/2010         2.36        2.18 -     7.63
TANTALIZER 05/02/2010          1.00        0.93 -     7.00
PLATINUM 05/02/2010         2.22        2.09 -     5.86
DANGFLOUR 05/02/2010        13.10      12.37 -     5.57
NAHCO 05/02/2010         9.04        8.55 -     5.42
STERLNBANK 05/02/2010          1.69        1.60 -     5.33
INTERCONT 05/02/2010         2.30        2.18 -     5.22
PRESTIGE 05/02/2010         3.80        3.61 -     5.00
MAYBAKER 05/02/2010         5.50        5.23 -      4.91
UBN 05/02/2010         6.45        6.15 -     4.65
LASACO 05/02/2010         0.56        0.54 -     3.57
NEIMETH 05/02/2010          1.70        1.64 -     3.53
JAPAULOIL 05/02/2010          1.26        1.22 -      3.17
CRUSADER 05/02/2010          1.05        1.02 -     2.86
CHAMS 05/02/2010         0.77        0.75 -     2.60
FLOURMILL 05/02/2010       38.85      38.01 -      2.16
CORNERST 05/02/2010         0.57        0.56 -      1.75
ASOSAVINGS 05/02/2010         0.68        0.67 -      1.47
BIGTREAT 05/02/2010         0.82        0.81 -      1.22
NASCON 05/02/2010         6.73        6.65 -      1.19
CILEASING 05/02/2010         2.69        2.66 -      1.12
GUINNESS 05/02/2010      128.70    128.02 -     0.53

 

For 5/02/2010 the closing price was 23,226.27.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 23,892.16.
The projected lower bound is: 22,624.04.
The projected closing price is: 23,258.10.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 5/02/2010 the closing price was 860.34(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 948.74.
The projected lower bound is: 896.80.
The projected closing price is: 922.77.
Note: these price projections are for reference only, and can be easily exceeded by the market.
 

For 5/02/2010 the closing price was 391.11.(NSE BANKING)
Overall, the bias in prices is: upwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 408.76.
The projected lower bound is: 374.76
The projected closing price is: 391.76
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 5/02/2010 the closing price was 599.33.(NSE FOOD BEV & TOBACCO)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
By the way, prices are vulnerable to a correction towards 503.97.
The projected upper bound is: 623.45.
The projected lower bound is: 579.35
The projected closing price is: 601.40.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 5/02/2010 the closing price was 218.11.(NSE INSURANCE)
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 223.25.
The projected lower bound is: 211.07.
The projected closing price is: 217.16.
Note: these price projections are for reference only, and can be easily exceeded by the market.

For 5/02/2010 the closing price was 299.04.(NSE OIL & GAS)
Overall, the bias in prices is: Sideways.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
Note: this chart shows extraordinary price action to the downside.
Prices are vulnerable to a correction towards 296.70.
The projected upper bound is: 302.37
The projected lower bound is: 295.82.
The projected closing price is: 299.10.
Note: these price projections are for reference only, and can be easily exceeded by the market.
 

Below are TRW STOCKBROKERS STOCKS WATCH LIST FOR MULTIPLE TIME FRAME OF DAILY, WEEKLY & MONTHLY
SHORT TREND TRADERS TO USE MA 5
MEDIUM TREND TRADERS TO USE MA-50
LONG TERM TRADERS TO USE MA-100
MA (MOVING AVERAGE)

ticker date MA-100 MA-50 MA-5 Overall Trend Trend Phase Comments
ACCESS 05/02/2010 + + + Up Trend Initial Stay with Trend
AFRIBANK 05/02/2010 - + + No Trend Progress live to trade another day
AIICO 05/02/2010 + + + Up Trend Initial Stay with Trend
AP 05/02/2010 - + + + No Trend Progress live to trade another day
ASHAKACEM 05/02/2010 + + + Up Trend Initial Stay with Trend
ASOSAVINGS 05/02/2010 - + - No Trend Progress trading range-avoid
BAGCO 05/02/2010 + + + Up Trend Initial Stay with Trend
BCC 05/02/2010 + +   No Trend Initial Risk for short term reversal
BIGTREAT 05/02/2010 - - - Down Trend Progress Watch Trend?
CHAMS 05/02/2010 + + - No Trend Initial Risk for short term reversal
CILEASING 05/02/2010 + + - No Trend Initial Risk for short term reversal
CONOIL 05/02/2010 - - - - Down Trend Progress Watch Trend?
CONTINSURE 05/02/2010 - - + No Trend Initial Risk for short term reversal
CORNERST 05/02/2010 - - - Down Trend Progress Watch Trend?
COSTAIN 05/02/2010 + + + Up Trend Initial Stay with Trend
CRUSADER 05/02/2010 - + - No Trend Initial trading range-avoid
CUSTODYINS 05/02/2010 + - + No Trend Initial trading range-avoid
DANGFLOUR 05/02/2010 + + - No Trend Initial Risk for short term reversal
DANGSUGAR 05/02/2010 + + + Up Trend Initial Stay with Trend
DIAMONDBNK 05/02/2010 + + + Up Trend Initial Stay with Trend
FCMB 05/02/2010 + + + Up Trend Initial Stay with Trend
FIDELITYBK 05/02/2010 + - + No Trend Initial trading range-avoid
FIRSTBANK 05/02/2010 + + + Up Trend Initial Stay with Trend
FIRSTINLND 05/02/2010 - + + No Trend Progress live to trade another day
FLOURMILL 05/02/2010 + + - No Trend Initial Risk for short term reversal
FTNCOCOA 05/02/2010 + + + Up Trend Initial Stay with Trend
GUARANTY 05/02/2010 + + + Up Trend Progress Stay with Trend
GUINEAINS 05/02/2010       Down Trend Initial Watch Trend?
GUINNESS 05/02/2010 - - - Down Trend Initial Watch Trend?
HMARKINS 05/02/2010       Down Trend Initial Watch Trend?
IBTC 05/02/2010 + + + Up Trend Initial Stay with Trend
INTENEGINS 05/02/2010 - -   Down Trend Progress Watch Trend?
INTERCONT 05/02/2010 - - - Down Trend Initial Watch Trend?
JAPAULOIL 05/02/2010 + - - No Trend Initial live to trade another day
JBERGER 05/02/2010 + +   No Trend Initial Risk for short term reversal
LASACO 05/02/2010 - - - Down Trend Progress Watch Trend?
MAYBAKER 05/02/2010 - + - No Trend Initial trading range-avoid
MBENEFIT 05/02/2010 -     Down Trend Initial Watch Trend?
MULTIVERSE 05/02/2010       Down Trend Initial Watch Trend?
NAHCO 05/02/2010 + + - No Trend Initial Risk for short term reversal
NASCON 05/02/2010 + + - No Trend Initial Risk for short term reversal
NB 05/02/2010   + + + No Trend Initial live to trade another day
NBC 05/02/2010 + + + Up Trend Initial Stay with Trend
NEIMETH 05/02/2010 - + - No Trend Initial trading range-avoid
NEM 05/02/2010 +   + No Trend Initial trading range-avoid
NESTLE 05/02/2010 + + + + + + + + + Strong Up Trend Progress Stay with Trend
NIGERINS 05/02/2010 - - - Down Trend Initial Watch Trend?
OANDO 05/02/2010 +     No Trend Initial live to trade another day
OCEANIC 05/02/2010 - + - No Trend Progress trading range-avoid
PLATINUM 05/02/2010 - + - No Trend Progress trading range-avoid
PRESTIGE 05/02/2010 - - - Down Trend Initial Watch Trend?
PZ 05/02/2010 + +   No Trend Initial Risk for short term reversal
REDSTAREX 05/02/2010 + + + Up Trend Initial Stay with Trend
REGALINS 04/02/2010 -     Down Trend Initial Watch Trend?
SKYEBANK 05/02/2010 + + + Up Trend Initial Stay with Trend
SOVRENINS 05/02/2010 -     Down Trend Progress Watch Trend?
STARCOMMS 05/02/2010 - + + No Trend Initial live to trade another day
STDINSURE 05/02/2010 - + + No Trend Initial live to trade another day
STERLNBANK 05/02/2010 + + - No Trend Initial Risk for short term reversal
TANTALIZER 05/02/2010 + + - No Trend Initial Risk for short term reversal
UAC-PROP 05/02/2010 + + + Up Trend Initial Stay with Trend
UACN 05/02/2010 + + + + Up Trend Initial Stay with Trend
UBA 05/02/2010 + + + Up Trend Initial Stay with Trend
UBN 05/02/2010 - - - Down Trend Progress Watch Trend?
UNHOMES 05/02/2010 - - + No Trend Progress Risk for short term reversal
UNIC 05/02/2010 + + + Up Trend Initial Stay with Trend
UNILEVER 05/02/2010 + + + Up Trend Progress Stay with Trend
UNITYBNK 05/02/2010   + + No Trend Progress live to trade another day
UPL 05/02/2010 - - - Down Trend Initial Watch Trend?
VITAFOAM 05/02/2010 + - - No Trend Initial live to trade another day
WAPCO 05/02/2010 + + + Up Trend Initial Stay with Trend
WAPIC 05/02/2010 + + - No Trend Initial Risk for short term reversal
WEMABANK 05/02/2010   + + No Trend Progress live to trade another day
ZENITHBANK 05/02/2010 + + + Up Trend Initial Stay with Trend
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents.
 
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