TRW WEEKLY REPORT FOR 15TH-19TH, FEBRUARY 2010

TRW WEEKLY REPORT FOR 15TH-19TH, FEBRUARY 2010

The week started on a very bright note as the index continued its last week's upward rally till wednesday, though tuesday and wednesday showed some signs of weak momentum as the index was bolstered upwards, but the sellers kept coming, this pressure pulled down the market. The Bulls tried holding on to the upward grip, but the bears charged like wounded hyenas and wiped out all gains for the week closing the NSE All SHARES INDEX at 22,967.26 points. 

TECHNICAL VIEW

Despite market weakness, Most major Index are trading above its 25-day moving average and RSI recording high readings above  50 points.

There are possible scenarios the Index will trend along its 25-DMA of 22,640 range  If the markets do follow through on weakness, this would be the area to watch for signs of possible support. A move back into the prior base would be a bearish development, and probable cause for taking a defensive posture in most traders' portfolios, The same view applies to NSE 30,NSE Banking & NSE FB&T.

NSE Insurance has been trending below 25DMA since last October, while NSE Food Beverages & Tobacco broke its 25DMA this week, position within these sector is strictly going SHOT.  

Bottom Line

Stepping back, the weak performance for the markets as we kick off earnings season is definitely a cause of concern for the bulls. A reversal after breaking to new highs could put in a long-term top and, as such, bulls should be cautious. However, technically speaking, the markets remain above their bases and rising moving averages. Despite some red flags, the benefit of the doubt remains with the bulls until further deterioration occurs in the charts. The recent lows that coincide with prior consolidation areas are the level to watch for now. If the market begin to fall back into their bases, then bulls would be wise to take a more cautious approach. 

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.

WEEKLY GAINERS                                       WEEKLY LOSERS

CURRENT INDEX

(NSE INDEX)

For 12/02/2010 the closing price was 22,967.25.(NSE INDEX)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 23,643.96.
The projected lower bound is: 22,374.54.
The projected closing price is: 23,010.25.
Note: these price projections are for reference only, and can be easily exceeded by the market.

NSE 30

For 12/02/2010 the closing price was 914.30(NSE30)
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
The projected upper bound is: 942.60.
The projected lower bound is: 889.94.
The projected closing price is: 916.27.
Note: these price projections are for reference only, and can be easily exceeded by the market.

NSE BANKING

For 12/02/2010 the closing price was 380.00.(NSE BANKING)

Overall, the bias in prices is: upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 397.72.

The projected lower bound is: 364.15

The projected closing price is: 380.94 

Note: these price projections are for reference only, and can be easily exceeded by the market.

NSE FOOD BEVERAGES & TOBACCO

For 12/02/2010 the closing price was 593.92.(NSE FOOD BEV & TOBACCO)

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 618.40.

The projected lower bound is: 573.33

The projected closing price is: 595.87. 

Note: these price projections are for reference only, and can be easily exceeded by the market.

NSE INSURANCE

 

For 12/02/2010 the closing price was 213.94.(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: 219.04

The projected lower bound is: 207.24

The projected closing price is: 213.14. 

Note: these price projections are for reference only, and can be easily exceeded by the market.

NSE OIL & GAS

 

For 12/02/2010 the closing price was 293.84.(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.

The projected upper bound is: 297.15

The projected lower bound is: 290.59.

The projected closing price is: 293.87. 

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	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
AFRIBANK	12/02/2010	-	+	-	No Trend	Progress	trading range-avoid
AIICO	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
AP	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
ASHAKACEM	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
ASOSAVINGS	12/02/2010	-	+		No Trend	Progress	trading range-avoid
BAGCO	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
BCC	12/02/2010	+	+		No Trend	Initial	Risk for short term reversal
BIGTREAT	12/02/2010	-	-	+	No Trend	Progress	Risk for short term reversal
CHAMS	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
CILEASING	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
CONOIL	12/02/2010	-	+		No Trend	Progress	trading range-avoid
CONTINSURE	12/02/2010	-	-	+	No Trend	Initial	Risk for short term reversal
CORNERST	12/02/2010	-	-	-	Down Trend	Progress	Watch Trend?
COSTAIN	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
CRUSADER	12/02/2010	-	+	-	No Trend	Initial	trading range-avoid
CUSTODYINS	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
DANGFLOUR	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
DANGSUGAR	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
DIAMONDBNK	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FCMB	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FIDELITYBK	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FIRSTBANK	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FIRSTINLND	12/02/2010	-	+		No Trend	Progress	trading range-avoid
FLOURMILL	12/02/2010	+	+	+ + +	Up Trend	Initial	Stay with Trend
FTNCOCOA	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
GUARANTY	12/02/2010	+	+	+	Up Trend	Progress	Stay with Trend
GUINEAINS	11/02/2010				Down Trend	Initial	Watch Trend?
GUINNESS	12/02/2010	-	-	+	No Trend	Initial	Risk for short term reversal
HMARKINS	12/02/2010	-			Down Trend	Initial	Watch Trend?
IBTC	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
INTENEGINS	12/02/2010	-		-	Down Trend	Progress	Watch Trend?
INTERCONT	12/02/2010	-	-	-	Down Trend	Progress	Watch Trend?
JAPAULOIL	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
JBERGER	12/02/2010	+	-	-	No Trend	Initial	live to trade another day
LASACO	12/02/2010	+	-	-	No Trend	Initial	live to trade another day
MAYBAKER	12/02/2010	+	+		No Trend	Initial	Risk for short term reversal
MBENEFIT	12/02/2010				Down Trend	Initial	Watch Trend?
MULTIVERSE	12/02/2010				Down Trend	Initial	Watch Trend?
NAHCO	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
NASCON	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
NB	12/02/2010	+	+	+ +	Up Trend	Initial	Stay with Trend
NBC	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
NEIMETH	12/02/2010	-	-	-	Down Trend	Initial	Watch Trend?
NEM	12/02/2010	+		-	No Trend	Initial	live to trade another day
NESTLE	12/02/2010	+ + +	+ + +	- -	No Trend	Progress	Risk for short term reversal
NIGERINS	12/02/2010	+	-	-	No Trend	Initial	live to trade another day
OANDO	12/02/2010	+			No Trend	Initial	live to trade another day
OCEANIC	12/02/2010	-	+	+	No Trend	Progress	live to trade another day
PLATINUM	12/02/2010	-	+	-	No Trend	Progress	trading range-avoid
PRESTIGE	12/02/2010	-	-		Down Trend	Initial	Watch Trend?
PZ	12/02/2010	+	+		No Trend	Initial	Risk for short term reversal
REDSTAREX	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
REGALINS	04/02/2010	-			Down Trend	Initial	Watch Trend?
SKYEBANK	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
SOVRENINS	12/02/2010	-			Down Trend	Progress	Watch Trend?
STARCOMMS	12/02/2010	-	+	-	No Trend	Initial	trading range-avoid
STDINSURE	12/02/2010	-	+	-	No Trend	Initial	trading range-avoid
STERLNBANK	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
TANTALIZER	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UAC-PROP	12/02/2010	+	-	-	No Trend	Initial	live to trade another day
UACN	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UBA	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UBN	12/02/2010	-	-		Down Trend	Progress	Watch Trend?
UNHOMES	12/02/2010	-	-	-	Down Trend	Progress	Watch Trend?
UNIC	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
UNILEVER	12/02/2010	+	+	+	Up Trend	Progress	Stay with Trend
UNITYBNK	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UPL	12/02/2010	+	-	+	No Trend	Initial	trading range-avoid
VITAFOAM	12/02/2010	+	-	-	No Trend	Initial	live to trade another day
WAPCO	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
WAPIC	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal
WEMABANK	12/02/2010	+	+	+	Up Trend	Initial	Stay with Trend
ZENITHBANK	12/02/2010	+	+	-	No Trend	Initial	Risk for short term reversal