STIXi values for 13-MAY-2008
- Open: 1101.08
- High: 1126.8
- Low : 1071.3
- Close : 1086.37
- Prev. Close: 1089.73
STIXi Returns since 01-APR-2008 : 8.63%
Nifty Returns since 01-APR-2008 : 4.6%
CNX 500 Returns since 01-APR-2008 : 5.87%
CNX 100 Returns since 01-APR-2008 : 5.31%
SENSEX Returns since 01-APR-2008 : 7.21%
For the day, it was a broad-based fall, with only the Midcap centric indices registering gains. Relatively, STIXi has withstood the fall better.
STIXi
- 5Day EMA 1099.36
- 9Day EMA 1104.24
- 12Day EMA 1102.47
- 20Day EMA 1086.59
- RSI @ 54.75
- ROC @ -1.64
STIXi's share of volume of NSE EQ universe of stocks has gone up sharply by 3.6% over the previous day while that of turnover is up by 1%. The broad market fall has happened with large volumes today. STIXi volume and turnover for the day are very sharply up 16.48% and 8.17% respectively over previous 5 day averages, indicating profit booking and anticipation of further fall by seasoned hands.
STIXi has closed just below its 20Day EMA for the first time.
ROC has resumed the falling trend. Yesterday's BUY trigger in Stochastics (5,3) is followed up by today's BUY trigger in Stochastics (14,3). However there are no confirmations from other indicators.
The market (indices) appear to have formed a Head-and-Shoulder pattern over the past 3 weeks. This fall, accompanied by a very large jump in volumes indicates that market is likely to head down further. NIFTY may be headed towards 4780 - 4820 levels.
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