STIXi values for 6th May 2008 and market wrap

STIXi values for 06-MAY-2008

• Open: 1142.99
• High: 1166.94
• Low : 1108.67
• Close : 1128.2
• Prev. Close: 1142.7

STIXi Returns since 01-APR-2008 : 12.82%
Nifty Returns since 01-APR-2008 : 8.55%
CNX 500 Returns since 01-APR-2008 : 10.48%
CNX 100 Returns since 01-APR-2008 : 9.73%
SENSEX Returns since 01-APR-2008 : 11.18%

While returns from NIFTY Junior and NIFTY Midcap50 baskets continue be way ahead of rest at nearly 17% & 16% respectively, for the day they also corrected down the most.

STIXi

• 5Day EMA 1128.79
• 9Day EMA 1116.93
• 12Day EMA 1106.80
• 20Day EMA 1077.54
• RSI @ 75.73
• ROC @ 5.4

There was a sharp drop in STIXi scrips combined Volumes compared to previous five day averages. STIXi scrips volume share of NIFTY EQ universe has sharply fell over previous day by over 10% whereas the share of turnover has remained static.

With the day's corection, the much anticipated fall in the broader market has materialised. Today's direction will be crucial as it will determine the short-term.

Caution still adviced in the broader market. Market may move towards 20day moving averages.

Cheers