{"id":667411,"date":"2013-03-14T09:59:50","date_gmt":"2013-03-14T04:29:50","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=667411"},"modified":"2013-03-14T10:06:42","modified_gmt":"2013-03-14T04:36:42","slug":"analysis-sksmicro","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/03\/14\/analysis-sksmicro\/","title":{"rendered":"Analysis: SKSMICRO"},"content":{"rendered":"

Today\u2019s pick is SKSMICRO [stockquote]SKSMICRO[\/stockquote]. The stock started the year with a down move to Rs. 50 levels. After finding support at the levels, the stock started its up-move to see its 52 weeks high of Rs. 200 in December. Since then the stock has been on an down-trend finding support near Rs. 140 levels. In the last three months, the stock moved -21%<\/strong><\/b> vs. a -1% of the Nifty\u2019s.<\/p>\n

\"SKSMICRO<\/a><\/p>\n

Oscillator RSI<\/a> and CMO<\/a> are currently in no-man\u2019s land. The stock is currently trading in the middle of the Bollinger band<\/a>s. Short-term technical just saw a 9×18 bullish<\/b> cross-over.<\/p>\n

The MACD<\/a> line and signal line are moving very close to each other in the positive direction. However, the Long-term and short-term GMMA<\/a> lines are contracting, unable to provide any outlook for the stock.<\/p>\n

\"SKSMICRO<\/a><\/p>\n

SKSMICRO\u2019s average correlation<\/a> with the Nifty<\/a> is 0.30,<\/b> which is positive<\/b>. The scrip will be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote]<\/p>\n

\"SKSMICRO<\/a><\/p>\n

SKSMICRO has a historical volatility<\/a> in the narrow range of 0.6 to 1.8. The scrip\u2019s volatility is currently in the middle of the range.<\/p>\n

Given the technicals, we suggest a short-term BUY<\/b>. A longer term call could be taken based on stocks behavior near Rs. 180 levels. Also, it is advisable to have a tight trailing stop-losses<\/a> level to book profits in case of a sudden trend-reversal.<\/p>\n

For a better picture of the NBFC sector as a whole, you can look at what the experts have to say here<\/a> and here<\/a>.<\/p>\n

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