Sectors this week.

In a week that has given signals for change of trend in the markets. Let's find what is the sector performance for the week? While all the sectors have closed negative, there is which held its head above water and that is, the ENERGY Sector with a 0.50% gain on its Index value. Most of the heavy weights in this sector like ONGC, IOC, HINDPETRO, OIL and GAIL etc have given above 5 gains for the week. There still were few weaker stocks here. The Index heavy weight RELIANCE is underperforming, 'is the shine out of RELIANCE', there is huge confusion prevailing about the promoter groups feuds. CAIRN has the weaker stock list.

The weakest sector of the week is CONSUMER SERVICES & UTILITIES; both share the first place from behind with a close to 5% loss on their index values. SUNTV and INDHOTEL have dropped close to 8% on their values and lead the charge in the fall of CONSUMER SERVICES sector. It was NEYVELI LIGNITE, TATAPOWER & TORRENTPOWER with losses of above 5% that has dragged down the UTILITES Sector.

The strongest Industry this week was Public Sector Banks with a 3.62% gain on its index, it was in total contrast to the above 6% fall on the Private Banks Industry. The reason for this change was the effect of European crisis on the financial markets. It is the Private Banks that has more exposure in the current turmoil. Do they really have? At least that's what the price movement says.

The weakest Industry was Computer Software Training with a loss of a whopping 16.43% on its index. EDUCOMP single handedly managed to cripple this industry with a close to 20% drop in its price. The other Industry which has lost in double digit was LCV's & Tractors Industry with an 11.98% drop in value. Big time losses have been registered here. TATAMOTORS -13%, ESCORTS -10% and ASHOKLEYLAND -9%.

A look on which are the stocks that are trading on the long and short side of the market from the NIFTY constituent list.

Long Stocks on Weekly charts

ACC, from 891.20

AXISBANK, from 515.90

GAIL, from 293.10

HCLTECH, 198.80

HDFC, from 2782.25

HDFCBANK, from 1700.25

HEROHONDA, from 1425

HINDALCO, 71.70

IDFC, from 157.75

INFOSYS, from 2260.25

ITC, from 234.00

M&M, from 197.55 (split adjusted)

PNB, from 441.75

SIEMENS, from 297.00

SUNPHARMA, from 1525.25

TATAMOTORS, from 318.10

TCS, from 292.50

WIPRO, 272.50

SHORT stocks on the weekly chart

AMBUJACEM, from 104.50

BHARTIARTL, from 323.80

BHEL, from 2350.75

CIPLA, from 309.70

DLF, from 3524

HINDUNILVR, from 233.30

JINDALSTEL, from 647.90

ONGC, from 1131.00

RCOM, from 184.10

SAIL, from 207.10

TATASTEEL, from 552.40

There are 19 stocks trading on the long side while 11 are trading on the short side. The left over of 20 stocks forming 40% of the index constituents are in sideways, this makes clear why the index is not giving strong moves on the either side. From the above mentioned list some of the stocks have changed direction this week.

HINDALCO, SUNPHARMA< TATAMOTORS, TCS & WIPRO will change to short if this weeks low is taken off. ONGC will move to non-trending on breach of this week high.