Breadth Indicator : Week Ending 10 Dec 2010

Above is the distribution of stocks in their respective "deciles". If it is compared to the chart of the week ending Dec 03 we can see a gradual shift in the concentration from -40% to -70%. Nifty after going through a bounce retreated lower. 


The only thing to be commented here is that we are seeing more and more stocks getting weaker. The definition of getting weaker here is "trading closer to their lows" in the December series.


The weakest stocks are:
SCI
JINDALSWHL
JSWSTEEL
PANTALOONR
ROLTA
SINTEX


The strongest are:
HCLTECH
DRREDDY
AREVAT&D
TCS
HEXAWARE 
INFOSYSTCH 
SUNTV