NSE India (CNX200)

Cummins India: exit-long

Company profile: Cummins India Limited manufactures internal combustion engines, including diesel, reciprocating piston, gas turbine and gasoline engines. The Company also manufactures generating sets and public transport-type passenger motor vehicles, including luxury coaches and air-field buses. In addition, Cummins India Ltd. operates a computerized and fully-equipped research and development facility.

Jindal Steel & Power: high intensity selling

Company profile: Jindal Steel & Power Ltd. (JSPL) manufactures sponge iron, mild steel, and cement. The Company also produces power, conducts mining operations for iron ore and coal, and explores for natural gas and oil. JSPL, with its diverse resources, also contributes to the construction of infrastructure.

Coal India: correction too deep

Company profile: Coal India Limited produces and markets coal and coal products, as well as provides related consulting services.

Hindustan Petroleum: expect correction

Company profile: Hindustan Petroleum Corporation Limited refines crude oil and manufactures petroleum and petroleum products. The Company’s products, which are sold via outlets throughout India, include lube products, lubricating oil, aviation fuel, hydraulic brake fluid, greases, liquefied petroleum gas and insecticides. The Government of India is the majority shareholder in the company.

Container Corp of India: large drawdown

Company profile: Container Corporation of India (concor) supplies railway cargo services, via its fleet of container trains. The Company also provides bonded warehousing services.

NSE Nifty Weekly Outlook

Profile: The S&P CNX Nifty, a free float market capitalization index, is the leading index for large companies on the National Stock Exchange of India. It consists of 50 companies representing 24 sectors of the economy. The base level is defined as 1000 on November 3, 1995. In January 2005, its level was almost 2000.

Amara Raja Batteries: still positive

Company profile: Amara Raja Batteries Limited specializes in the manufacture of industrial and automotive batteries. The Company manufactures industrial batteries primarily for the telecom and UPS sectors. 

Asia & Intermarket

Jardine Cycle & Carriage (SG): strong pressure

Company profile: Jardine Cycle & Carriage Limited distributes, retails, and assembles motor vehicles, parts, and accessories. The Company also develops and invests in properties, and provides after-sales services.

Hilong Holdings (HK): reversal pattern

Company profile: Hilong Holdings (HK:1623) offers oil field equipment and services. The Company provides drill pipes, line pipes, coating materials, and oil field services.

Asian Citrus (HK): basing in downtrend

Company profile: Asian Citrus Holdings (HK:73) owns and operates orange plantations in China. The Company currently cultivates and sells a variety of oranges namely winter oranges (hamlin, pineapple and hong jiang oranges) and summer oranges (Valencia oranges) in mainland China.

ASX Index (AU): very fragile

Profile: Australia All Ordinaries Index, medium term outlook.

TOPIX-17 IT & Services Index (JP)

Profile: Japan TOPIX-17 IT & Services sector index.

Bloomberg WTI Crude Oil sub-index

Profile: Bloomberg WTI Crude Oil sub-index, medium term outlook.

China Steel (TW): looking strong

Company profile: China Steel (TW:2002) manufactures and markets a variety of steel products. The main products are hot rolled coils and sheets, cold rolled coils and sheets, wire rods, steel plates, and steel bars.

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