The Bottom List
On the Long short report got a request for the bottom end of the Relative strength list. Caviat - this is a list of performance and not trend. The lowest on the list simply went up less than than the market. This allows us to focus on the strong but does not mean the weak will fall. An independant study of each stock is needed before you have a view of your own.
What is apprent from the list is I can see a lot of stocks from the Oil and Gas sector including the OMCs, and then PSU banks. Can laggards pick up at some point? Sure if markets keep rising eventually everything gets a bid, but maybe when they do like last time it will be the last push effect. Here are the bottom 20 on the 60 day RS for F&O stocks. Yes Bharti is also here.
PUNJAB NATIONAL BANK | 0.9925 |
BANK OF BARODA | 0.9922 |
HDFC | 0.985 |
COAL INDIA | 0.9834 |
BATA (I) | 0.9762 |
CONTAINER CORPORATION OF INDIA | 0.9757 |
CANARA BANK | 0.9633 |
LIC HOUSING FINANCE | 0.9621 |
INDIAN OIL CORP | 0.9597 |
TATA CHEM | 0.957 |
GAIL (I) | 0.9492 |
MRF | 0.9393 |
UNITED SPIRITS | 0.9126 |
HIND PETROLEUM | 0.9094 |
BHARTI AIRTEL | 0.9024 |
PETRONET LNG | 0.9022 |
SHREE CEMENTS | 0.901 |
ONGC | 0.8676 |
MAHANAGAR GAS LTD | 0.834 |
INDRAPRASTHA GAS | 0.8221 |
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