- Open: 1129.19
- High: 1154.62
- Low : 1103.79
- Close : 1126.46
- Prev. Close: 1128.2
STIXi Returns since 01-APR-2008 : 12.64%
Nifty Returns since 01-APR-2008 : 8.35%
CNX 500 Returns since 01-APR-2008 : 9.98%
CNX 100 Returns since 01-APR-2008 : 9.40%
SENSEX Returns since 01-APR-2008 : 10.96%
For the day Nifty Junior index corrected down the most.
STIXi
- 5Day EMA 1128.01
- 9Day EMA 1118.84
- 12Day EMA 1109.82
- 20Day EMA 1082.20
- RSI @ 74.70
- ROC @ 2.81
While the corection continues, the chart patterns indicate a formation of a rounded top in progress.
For two days in a row STIXi has closed below short term moving averages. But it is unclear whether the Sensex holding above near-term support level of around 17200-250 is a false-promise of some up-move still pending or a lull before a sharp down move.
What is clear is that the broad market, specifically those outside the key indices seem to have topped for the time being. A down-move towards 20day averages is the preferred view for the broader market / STIXi.
Cheers
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