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Content
Signals
All indicators - Medium term
Tata Consultancy ServiApr 3, 2025
Dixon Technologies (InApr 3, 2025
IDFC First Bank Ltd.Apr 3, 2025
Zee Entertainment EnteApr 3, 2025
Coforge Ltd.Apr 3, 2025

The market showed a small loss Thursday, and S&P BSE SENSEX ended the day at 76295 points, which is a decline of 0.4 percent.

2391 shares showed a gain and 1014 showed a loss. 100 shares were unchanged and closed at the same price as the previous day. There was no trading in 242 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 47.2 billion.

Hindustan Aeronautics Ltd. was up 2.0 percent to close at 4319 rupee. The stock thereby broke the earlier top it set Jan 2 and reached a new year-high. The stock has now closed up for the sixth day in a row and this past month the stock has gained as much as 39.9 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Vardhman Textiles Ltd ended with a solid gain of 19.3 percent and closed at 480 rupee. We must go back to Apr 13. 2009 to find an equally strong rise. That time the stock gained 19.9 percent. It was also very high volume. Overall it was traded for 179 millions rupee in the stock, which is 49 times as much as normal daily turnover.
IDFC First Bank Ltd. closed at 60.36 rupee after posting a gain of 5.5 percent. The stock has never gained more in one day since Jun 5. 2024, when it was up 6.6 percent. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Bal Pharma Ltd. closed at 109 rupee after a solid gain of 20.0 percent. The previous time the stock gained this much was May 29. 2024, when it closed up 20.0 percent. The volume was also very high. At session end it was bought and sold shares for about 22 million rupee in the stock, which equals 34 times mean daily turnover. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Tata Consultancy Services closed at 3404 rupee after posting a loss of 4.0 percent. The previous time the stock lost this much was Mar 19. 2024, when it closed down 4.0 percent. The stock has now closed down for the fourth day in a row. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 3670 rupee and a further decline is indicated.

National S.E. weakly lower Thursday
The market showed a small loss Thursday, and Nifty 50 ended the day at 23250 points, which is a decline of 0.4 percent.

US 500 sharply lower
The market dropped considerably Thursday, and S&P 500 closed at 5397 points after a decline of 4.8 percent. The index has never lost more in one day since Jun 11. 2020, when it was down 5.9 percent. Since the sell signal from the double top formation one month ago, the index now has lost 7.4 percent.

Indices
S&P BSE SENSEX
arrow red   Negative Candidate
S&P BSE SENSEX has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 75918 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has broken down through support at points 77000. This predicts a further decline. In case of positive reactions, there will now be resistance at points 77000. The index is overall assessed as technically negative for the medium long term.
Nifty 50
arrow red   Negative Candidate
Nifty 50 has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 22779 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index is approacing resistance at 23600 points, which may give a negative reaction. However, a break upwards through 23600 points will be a positive signal. The index is overall assessed as technically negative for the medium long term.
S&P 500
arrow yellow   Neutral
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The price has had a strong fall after the negative signal from the double top formation at the break down through the support at 5827. The objective at 5557 is now met, but the formation signals further development in the same direction. The index has support at points 5200 and resistance at points 5820. The index is overall assessed as technically neutral for the medium long term.
Today´s Case
Trident Ltd (521064) Price 27.19, Apr 3, 2025
chart
Trident Ltd has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The stock has built a double bottom formation and given signal of further rise to 27.76. On reactions back, there is now support at 25.91. The stock has support at rupee 24.00 and resistance at rupee 38.00. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the stock. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-2.67%877.42
CAC40-3.31%7598.98
COMPX-5.97%16551.00
DAX-3.01%21717
HEX-2.49%9754.05
N100-3.19%1513.04
OMXC25GI-2.40%1920.44
OMXSPI-3.42%913.14
OSEBX-2.04%1469.70
PSI200.13%6967.03
TECDAX-3.84%3474.97
BUK100P-1.81%842.56
EURUSD1.70%1.1000
CL (OIL)-6.64%66.95
Indices Evaluations
 SML
AEXnegnegpos
CAC40neutralneutralpos
COMPXnegpospos
DAXpospospos
HEXneutralneutralneg
N100negposneg
OMXC25GInegnegneutral
OMXSPInegnegneutral
OSEBXneutralposneutral
PSI20pospospos
TECDAXneutralpospos
BUK100Pnegpospos
EURUSDposposneg
CL (OIL)neutralnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
21% 39% 40%
 792 Buy Candidates
 1449 Neutral
 1512 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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