Trading the Technicals

tanewbie

Well-Known Member
#45
India cements

India cements crosses 200dma on huge volumes on nearly 5times the 200dma of volumes. Traderji your comments and targets?

Historical Scrip-wise Price Volume Data
Data for INDIACEM - EQ - from 1-8-2004 to 17-8-2004


Date Traded Qty Deliverable Qty % Dly Qty to Traded Qty
02-Aug-2004 837061 357195 42.67
03-Aug-2004 1831313 644899 35.22
04-Aug-2004 690669 240474 34.82
05-Aug-2004 827601 466858 56.41
06-Aug-2004 2709927 1044162 38.53
09-Aug-2004 2266405 886044 39.09
10-Aug-2004 1049323 481843 45.92
11-Aug-2004 895782 459587 51.31
12-Aug-2004 757547 271602 35.85
13-Aug-2004 2105121 617191 29.32
16-Aug-2004 2367027 577340 24.39
17-Aug-2004 5097977 1418403 27.82
 
Last edited:
#46
Strong demand helps cement scrips stay afloat

Strong demand helps cement scrips stay afloat

Cement scrips were in the limelight on the bourses on Tuesday with pivotals Grasim rising 2.2 per cent to Rs 1,049.90, ACC gaining 1.90 per cent to Rs 265.45 and Gujarat Ambuja Cements up 1.63 per cent to Rs 311.40. The counters were among the top four gainers in the BSE Sensex basket. Analysts said that firm cement prices and a sustained demand have helped the scrips attract attention in the market. Players said that firm cement prices during the monsoons have helped sentiment with a strong demand resulting in a increase in shipment in July. Analysts said that demand is expected to grow due to demand for infrastructure and a improved demand-supply ratio will bode well for the sector. Demand from the Gulf is also being viewed as extremely favourably by the market, brokers said.
 

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