Report for EOD 27th May 2010

Reassesment of yesterday's notes

RSI value for both grasim and eceind have bumped up to neutral values in my application.  Indicators on Google Finance are pretty much consistent in the fall for grasim for RSI and W%R. According to that Grasim would be a good buy, but you just might hold on for another day as markets have still not turned into a bullish mode. Grasim is trading below its 200 day EMA. Trading Volumes for Grasim have picked up in past couple of days. A lot of shares are trading below their 200 day EMA so this is probably a good time to buy.


My Application is showing reverse values for some indicator, need to get that fixed will be back with more result once that gets fixed.

NSE technical stats for 26th May. Two analysis results are listed below.

Tumbling markets have led a lot of stock below their 200day EMA(exponential moving average)




Stocks to pick as per RSI index

The RSI index is indicating the following two stocks as good  buys.

http://www.google.com/finance?q=NSE%3Aeceind

http://www.google.com/finance?q=NSE:GRASIM

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Dig dig dig, and I shall find the stock I want :D