Saturday, January 29, 2011

Top Traded Shares

Presenting the Price structure of some Top Traded Shares at NSE. The structure is gauged through long term Moving Average alignment of 50 and 200dma .
Moving Averages are lagging in nature but definitive Indicators as they are derived directly from Prices and hence represent the function of Price better than any other Indicator .Bullish alignment is when 50 dma is above the 200dma and Bearish is vice versa.



RELIANCE



SBIN



INFOSYS



TATA STEEL



TATAMOTORS



ICICIBANK



HDFC



DLF



IFCI



SUZLON



UNITECH


 Just an observation, that there is a further room for fall in the Index owing to the factor that few Blue Chips with good weightage are yet to touch their 200dma prices or the bearish cross is nearing .   

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