STIXi values for 8th May 2008

STIXi values for 08-MAY-2008

• Open: 1117.57
• High: 1140.78
• Low : 1093.95
• Close : 1119.36
• Prev. Close: 1126.46

STIXi Returns since 01-APR-2008 : 11.93%
Nifty Returns since 01-APR-2008 : 7.22%
CNX 500 Returns since 01-APR-2008 : 8.77%
CNX 100 Returns since 01-APR-2008 : 8.08%
SENSEX Returns since 01-APR-2008 : 9.30%

For the day Nifty Junior index further corrected down sharply. STIXi appears to be outperforming the more popular indices both on the way up as well as down.

STIXi

• 5Day EMA 1125.12
• 9Day EMA 1118.94
• 12Day EMA 1111.29
• 20Day EMA 1085.73
• RSI @ 70.50
• ROC @ 1.68

As anticipated, the corection continued across the market with the advance-decline ratio of NSE EQ universe really sounding. However today's sharper fall has happened with lower volume and lower turnover - both on NSE EQ universe as well as STIXi.

STIXi has closed very close to 9day EMA. Further downside appears possible in the broader market, with STIXi moving towards 1082-1085 levels.

Cheers