STIXi values for 27-05-2008 and 28-05-2008

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

27/05/2008 1084.82 1106.01 1052.77 1066.76 6.67%

28/05/2008 1071.06 1100.56 1047.46 1082.22 8.22%

With F&O expiry happening today, and technical cues being mildly positive, for the day expect a NIFTY close at around 5007 where 20 / 21 / 26 / 34 Day EMAs are present or around 5021-5028 where 50 / 55 / 200 EMAs are clustered.

Cheers

STIXi values for 26-MAY-2008

• Open : 1091.87
• High : 1108.5
• Low : 1057.28
• Close: 1075.34

Returns since 01-APR-2008 :

• STIXi : 7.53%
• Nifty : 2.86%
• CNX500: 3.80%
• CNX100: 3.07%
• SENSEX: 4.62%

STIXi RSI is @ 44.63 (dropping below 50 for the first time since mid APR-08) and ROC(14) is @ -3.93. Small uptick seen in %K in Stochastics (5,3).

STIXi decisively closed below 26EMA, which is @ 1091.57.

iiiii volumes are abysmally low and fell sharply by over 20% over 5day average. But its share of NSE EQ Universe of stocks remains nearly static, both in terms of volume as well as turnover.
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STIXi values for 22-05-2008 & 23-05-2008

Date Open High Low Close ReturnsSince01-APR-2008
22/05/2008 1131.41 1152.99 1103.71 1123.04 12.30%
23/i05/2008 1127.05 1147.07 1092.75 1103.95 10.39%

Markets extremely weak with latest close below 20Day EMA. RSI @ 53.57 and ROC @ -2.0

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STIXi values for 21-MAY-2008

Open : 1119.2
High : 1156.33
Low : 1102.22
Close: 1139.5
Prev.Close : 1130.29

Returns since 01-APR-2008

STIXi : 13.95%
NIFTY : 7.98%
CNX500: 9.36%
CNX100: 8.62%
SENSEX: 10.34%

STIXI

5DEMA : 1126.61
9DEMA : 1120.35
12DEMA: 1116.54
20DEMA: 1102.19
RSI : 68.97
ROC : -0.28

Volumes for the day as share of NSE EQ volume is down by 2.6% and turnover down by 3.6% over previous day. On the other hand on 5day average basis, the volume and turnover shot up by 16.2% and 9.74% respectively.

Watch crude. Negative cues all over.

Cheers

STIXi values for 20-MAY-2008 and market review

For 20-MAY-2008

• Open: 1129.41
• High: 1156.91
• Low : 1105.47
• Close : 1130.29
• Prev. Close: 1132.89

STIXi Returns since 01-APR-2008 : 13.02%
Nifty Returns since 01-APR-2008 : 7.71%
CNX 500 Returns since 01-APR-2008 : 8.84%
CNX 100 Returns since 01-APR-2008 : 8.37%
SENSEX Returns since 01-APR-2008 : 10.26%

STIXi

• 5Day EMA 1120.17
• 9Day EMA 1115.57
• 12Day EMA 1112.37
• 20Day EMA 1098.26
• RSI @ 66.77
• ROC @ -0.82

For the day all indices ended negative, including STIXi. However STIXi's fall was confined to 0.23% over previous day whereas most of the other indices had fallen by close to 1%.

STIXi's share of volume of NSE EQ universe of stocks moved up marginally to 55.73% from 55.11% while the share of turnover shot up sharply to 70.95% from 67.72% the previous day.

Compared to five-day averages, STIXi volume fell by 1.19% while turnover was up by 6.15%.

ROC has again turned negative and Stochastics (5,3) has given a "SELL". With global cues being not so great at the moment, further downward momentum is expected in the near term.

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STIXi values for 16th May 2008 and market review.

• Open: 1125.7
• High: 1151.69
• Low : 1107.39
• Close : 1132.89
• Prev. Close: 1119.22

Returns since 01-APR-2008

STIXi : 13.28%
Nifty : 8.82%
CNX 500 : 9.97%
CNX 100 : 9.55%
SENSEX : 11.57%

STIXi

• 5Day EMA 1115.11
• 9Day EMA 1111.88
• 12Day EMA 1109.11
• 20Day EMA 1094.89
• RSI @ 68.04
• ROC @ 0.58

On a day when the broader market was up significantly, STIXi's share of volume of NSE EQ universe of stocks has gone down marginally by about 1.85% over the previous day while that of turnover went down by 3.56%.

STIXi volume moved up by about 3.5% and while the turnover was static as compared to previous 5 day averages.

ROC has moved into positive territory.

As indicated in the previous post, the market ended positive for the day. Chart patterns since 2nd week of Apr 2008, look like a Bullish flag formation. If so, then in STIXi, the volume breakout trigger appears to have taken place 15th May itself. On the frontline indices, the trigger appears to have taken place today (16th). If indeed it is a bullish flag formation, with the height of the flagpole being about 280-300 points, we might be looking at Nifty levels around 5450 shortly.

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STIXi values for 15-MAY-2008 and market review

STIXi values for 15-MAY-2008

• Open: 1109.2
• High: 1137.93
• Low : 1090.02
• Close : 1119.22
• Prev. Close: 1100.47

STIXi Returns since 01-APR-2008 : 11.92%
Nifty Returns since 01-APR-2008 : 7.93%
CNX 500 Returns since 01-APR-2008 : 8.95%
CNX 100 Returns since 01-APR-2008 : 8.60%
SENSEX Returns since 01-APR-2008 : 11.05%

STIXi

• 5Day EMA 1106.23
• 9Day EMA 1106.63
• 12Day EMA 1104.78
• 20Day EMA 1090.89
• RSI @ 64.77
• ROC @ -0.49

STIXi's share of volume of NSE EQ universe of stocks has gone up sharply by about 2.5% over the previous day while that of turnover is up by 3.25% and they are at their peak today at 56.96% and 71.28% respectively.

STIXi volume and turnover for the day are more sharply up by 3.5% and 13% respectively over previous 5 day averages.

ROC though is still in negative-to-neutral territory.

The previously indicated probable Head-and-Shoulder pattern on most indices over the past three weeks stands negated with this sharp break-out accompanied by jump in STIXi volumes. Short term trend is up for the broader market, with NIFTY likely to aim for 61.8% retracement of its recent fall - though action may be restricted to front-line or quality stocks, unless fundamental cues such as Inflation Number (due out today) and Crude prices etc spring a surprise.

Cheers