Wednesday, May 14, 2008

STIXi values for 14-MAY-2008 and market review

STIXi values for 14-MAY-2008

  • Open: 1084.1
  • High: 1121.56
  • Low : 1065.11
  • Close : 1100.47
  • Prev. Close: 1086.37

STIXi Returns since 01-APR-2008 : 10.04%
Nifty Returns since 01-APR-2008 : 5.74%
CNX 500 Returns since 01-APR-2008 : 6.91%
CNX 100 Returns since 01-APR-2008 : 6.44%
SENSEX Returns since 01-APR-2008 : 8.65%

STIXi

  • 5Day EMA 1099.73
  • 9Day EMA 1103.49
  • 12Day EMA 1102.19
  • 20Day EMA 1087.91
  • RSI @ 59.49
  • ROC @ -0.84

STIXi's share of volume of NSE EQ universe of stocks has gone up by about 1% over the previous day while that of turnover is up by 1.2%. However the broad market upmove has happened with sharply lesser volumes & turnover today. Further STIXi volume and turnover for the day are down 4.04% and 3.08% respectively over previous 5 day averages.

ROC has started turning up again, though still near neutral to negative territory. Stochastics (5,3) and (14,3) still indicating a BUY. STIXi has closed over its 5 day EMA and in the process seems to have reversed from its 20DEMA.

Lack of volumes on a good upmove day makes this move unconvincing.

Cheers

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