Tuesday, April 22, 2008

STIXi values for 22-APR-2008 and market analysis

STIXi values for 22-APR-2008

  • Open: 1092.48
  • High: 1127.96
  • Low : 1067.17
  • Close : 1100.9
  • Prev. Close: 1095.68

STIXi Returns since 01-APR-2008 : 10.0856%
Nifty Returns since 01-APR-2008 : 6.5354%
CNX 500 Returns since 01-APR-2008 : 7.9477%
CNX 100 Returns since 01-APR-2008 : 7.4796%
Sensex Returns since 01-APR-2008 : 7.4056%

Nifty Junior (13.47%), Nifty Midcap (10.6%), Nifty Midcap 50 (12.47%) indices have consistently outperformed STIXi over this period.

  • 5Day EMA 1074.35
  • 9Day EMA 1055.11
  • RSI is @ 83.45

STIXi scrips combined volumes have again picked up @ 20% more than average volume of last three 3 days (in value terms by about 15% over yesterday).
The market appears to have definitely shifted focus to outside Nifty/Sensex universe of stocks. With STIXi RSI at levels of 83.45 a minor correction may be on the cards but upward action may continue in small and midcaps.
Sample this:
During 01-APR-2008 to 22-APR-2008,

  • Large cap components of STIXi have returned approx 6.5%
  • Mid cap components of STIXi have returned approx 10.9%
  • Small cap components of STIXi have returned approx 17%

Cheers

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