STIXi values for 16-JUN-2008 and 17-JUN-2008

• Date Open High Low Close
• 16/06/2008 1003.54 1031.95 982.68 999.37
• 17/06/2008 1001.23 1031.42 987.5 1017.61

Returns Since 01-APR-2008 (as of 17-JUN-2008)

• STIXi : 1.76%
• Nifty : -1.83%
• SENSEX : 0.45%
• CNX500 : -1.67%
• CNX100 : -1.82%
• Midcap50 : 1.46%
• CNX Midcap : 1.08%
• Nifty Junior : -1.80%

STIXi Technicals as of 17-JUN-2008

• STIXi has closed above 13Day EMA now at 1014.02.
• 20 Day EMA : 1027.98
• 21 Day EMA : 1029.46
• 26 Day EMA : 1035.03
• 34 Day EMA : 1040.16
• 50 Day EMA : 1059.1
• RSI (14) is @ 44.3945
• ROC (12) is @ -2.87479
• Williams%R (14) is @ -54.47

While no bullish moving average cross-over has happened, the stochastics (14,3) as well as (5,3) have not given a SELL yet for the current move.

The upmove has not been accompanied by STIXi volumes & turnover, which have been dipping strongly over the past 4 sessions. Profit booking appears to be taking place across the board, as nearly 50% of NSE EQ volume yesterday was outside of STIXi universe of 150 stocks, which was hovering around 63% till 4 days ago.

Cheers

Sensex Weekly Chart - Week starting 30DEC2002 upto Week ending 13JUN2008

As evident from this chart, the Sensex has closed below the 89Week EMA for the second time in the recent past and the 20W SMA as well as 21W EMA have closed below 34W EMA, which has not happened in the last 6 years or so.

So unless, we break above 15500 mark convincingly and close above 16480, we are headed for really tough times downwards, with an intial stop coming at 13890 levels.

In the first chart above, the 20W SMA when looked at alone is showing ominous signs of a H&S formation that is gathering momentum, with the shoulder-line at around 13700 levels, which is slightly below the current 144W EMA @ 14890. If this H&S comes to fruition, it is going to be blood-bath on the market and time-wise the bearish sentiment may continue for

Caution adviced. Cut your speculative positions. Weed out penny stocks from your portfolio. And take home your profits, if you are sitting on any still.

Cheers

STIXi Technicals as of 13JUN2008

STIXi continues to stay below all EMAs



And both Stochastics (14,3) and (5,3) have been indicating 'buy' for past 3 days.
And the 12-Period ROC is showing an uptick but still in negative territory, indicating bearish sentiment, and MACD is showing a divergence on the upside for past few days, but bullish signal line cross-over has not happened yet.

STIXi RSI(14) has made a higher-low and appearing to signal a 'Buy' in the short term while the Williams%R (14) is also indicating a Buy, but has not crossed over mid-mark.

However the mild BUY triggers have not been accompanied by a surge in STIXi volumes, though STIXi's share of volume and turnover in NSE EQ have been consistently moving up indicating action being restricted to select scrips of the entire universe.

While the next 1-2 days may be positive for the market, the medium term trend stays negative.

Cheers

STIXi has completed 50 Trading Days :-)

Know ye all,

As of 13-JUN-2008, STIXi has completed 50 trading days and over this period since 1st April 2008, it has performed exceptionally well in comparison to all the indices (other than Sectoral) in Indian Market - both across NSE as well as BSE, as evident from this chart.

Let us hear it for STIXi.

Cheers

STIXi values for 13-JUN-2008 & for the period (04-JUN-2008 to 12-JUN-2008)

STIXi values for 13-JUN-2008

• Open : 992.54
• High : 1015.65
• Low : 967.47
• Close : 987.55

STIXi Values for the period 04-JUN-2008 to 12-JUN-2008

• Date Open High Low Close
• 04/06/2008 1040.57 1058.51 991.61 1006.22
• 05/06/2008 1006.75 1037.94 976.27 1016.82
• 06/06/2008 1029.49 1047.68 994.2 1007.46
• 09/06/2008 975.94 1005.88 937.49 978.57
• 10/06/2008 974.08 1000.42 940.59 968.39
• 11/06/2008 980.92 1009.44 960.9 985.6
• 12/06/2008 967.98 1004.27 941.74 988.29

Returns since 01-APR-2008

• STIXi : -1.25%
• Nifty : -4.69%
• Sensex : -2.80%
• CNX500 : -4.78%
• CNX100 : -4.90%

STIXi Technicals :

• 5D EMA : 989.83
• 8D EMA : 999.06
• 9D EMA : 1002.53
• 12D EMA : 1012.65
• 13D EMA : 1015.76
• 20D EMA : 1032.19
• 21D EMA : 1033.78
• 26D EMA : 1039.39
• 34D EMA : 1044.08
• 50D EMA : 1063.30
• RSI (14) : 33.79
• ROC (12) : -7.89
• Stoch(14,3) : 28.55, 26.76
• Stoch(5,3) : 64.05, 51.27
• MACD(12,26,9) : -26.74, -17.14, -9.60
• Williams%R (14) : -71.55

Volumes & Turnover

Volume and turnover were down 10% & 12.97% over previous day respectively AND down by 3.24% and 13.64% compared to 5day averages. STIXi's share of NSE EQ universe was also down for the day by about 2.9% and 0.58% and are at 54.69% and 68.51%.

Cheers

STIXi values for 03-JUN-2008 and market review

Open : 1031.6
High : 1058.85
Low : 1001.16
Close : 1037.53

Returns since 01-APR-2008

STIXi : 3.75%
Nifty : -0.50%
Sensex : 2.15%
CNX500 : 0.37%
CNX100 : -0.43%

STIXi Technicals :

5D EMA : 1059.15
8D EMA : 1069.43
9D EMA : 1072.12
12D EMA : 1078.26
20D EMA : 1083.53
21D EMA : 1083.33
26D EMA : 1080.75
34D EMA : 1075.90
RSI (14) : 36.51
ROC (12) : -8.42
Stoch(14,3) : 23.35, 21.07
Stoch(5,3) : 32.39, 31.83
MACD(12,26,9) : -2.48, 9.63, -12.11

Volumes & Turnover

Volume and turnover were up 16.73% & 11.43% over previous day respectively, but still down by about 5% each compared to 5day averages. STIXi's share of NSE EQ universe has gone up for the day by about 1.5% and 1% and are at 56.49% and 68.85%.

It was one of those days when STIXi had fallen more than the other indices. Volume and turnover statistics indicate the bearish action is shifting to front-line / quality stocks.

MACD has crossed the zero-line and gone into the negative zone. Stochastics (14,3) and stoch(5,3) both have given a buy-trigger. However other indicators continuing to show negative bias and with STIXi well below the moving averages, pull-back if any, may be due to petrol-price hikes, is likely to be capped at 1077.70 or at the 20D EMA @ 1083.53.

Cheers

STIXi values for 02-JUN-2008

• Open : 1083.58
• High : 1102.55
• Low : 1033.27
• Close : 1047.73

Returns since 01-APR-2008

• STIXi : 4.77%
• Nifty : 0.00%
• Sensex : 2.79%
• CNX500 : 0.95%
• CNX100 : 0.08%
• NiftyJunior : 0.57%
• NiftyMidcap50 : 6.36%
• CNX Midcap : 3.59%
• BSE500 : 2.83%
• BSE200 : 3.16%
• BSE100 : 3.19%
• BSE Midcap : 2.96%
• BSE Smallcap : 1.24%

STIXi Technicals for 02-JUN-2008

• 5Day EMA : 1069.96
• 9Day EMA : 1080.76
• 12Day EMA : 1085.67
• 20Day EMA : 1088.37
• 21Day EMA : 1087.91
• 26Day EMA : 1084.21
• 34Day EMA : 1078.23
• RSI(14) : 38.84
• ROC(12) : -6.38
• Stochastics (14,3) : %K14 = 11.7 %D3 = 21.16
• Stochastics (5,3) : %K5 = 18.03 %D3 = 29.3
• MACD (12,26,9) : MACD = 1.47 Signal = 12.66 Histogram = -11.19

STIXi volume & turnover for 02-JUN-2008

• Volume for the day : 26 Crore shares (-14.64% over previous day)
• Turnover for the day : 8023.08 Crores (-19.62% over previous day)
• Volume share of NSE EQ universe : 55.01%
• Turnover share of NSE EQ universe : 67.98%
• Day's Volume relative to 5Day SMA : -16.92%
• Day's turnover relative to 5Day SMA : -14.12%

Cheers

STIXi technicals - since 01-APR-2008

STIXi Moving averages have crossed over, on the down-side...

The 14Day RSI for STIXi is below 50...but still not in the buy-zone

The 14Day ROC for STIXi is still negative territory...

While STIXi stochastics (5,3) still has not reversed downwards into a SELL signal...

May-be, just may be, the STIXi stochastics (14,3) has given a buy...may be a false signal...

It is too early in STIXi's life to use this MACD as an indicator...But what the heck...

Cheers

STIXi relative performance v/s all other indices since 01-APR-08

One picture is equal to 1000 words...! So they say...

Interesting to note that while all the other indices had made lower highs and lower bottoms during May-08, the broad based STIXi made a double-top! Clear sign of bearish times to come.

Cheers

Sundar

Relative performance of various indices in MAY-08

Returns of indices for the month of MAY-08

• STIXi -4.36%
• NIFTY -5.73%
• Sensex -5.06%
• CNX 500 -6.22%
• CNX 100 -6.39%
• Nifty Junior -10.35%
• CNX Midcap -6.31%
• Nifty Midcap50 -5.38%
• BSE 500 -5.96%
• BSE 200 -5.53%
• BSE 100 -5.51%
• BSE Midcap -5.30%
• BSE Smallcap -7.30%

Cheers

STIXi values of 29-MAY-2008 and 30-MAY-2008

Date Open High Low Close Returns Since 01-APR-2008

• 29-MAY-08 1090.72 1113.45 1054.28 1072.17 7.21%
• 30-MAY-08 1081.75 1107.03 1052.24 1077.2 7.72%

Review for 30-MAY-08

• STIXi fell 0.47% over previous close.
• STIXi volume and turnover constituted 55.16% & 66.88% of NSE EQ Universe for the day.
• STIXi volume was down 1.16% over 5D average.
• STIXi turnover was up 10.5% over 5D average.

STIXi Technicals for 30-MAY-2008

• 5D EMA : 1081.08
• 9D EMA : 1089.02
• 12D EMA : 1092.57
• 20D EMA : 1092.64
• 26D EMA : 1087.12
• RSI (14) : 46.44
• ROC(14) : -2.11

Cheers