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Weak bounce


By vivek.deveshwar - Posted on Wed,  04 March 2009   19:28

Highlights today:

1. NF Discount narrowed substantially to -15 pts today.  Given positive Asia and Europe except DAX, it would have been a shame if bears wanted to have it all so soon.

2. Reasonably ok volumes on cash and NF.  Looks like whoever went short yesterday covered up a bit today.

3. The FII DII figures are perplexing, the difference is too large.  The unknown hand must account for the rest of buying.

Nothing more, a bear market through and through.  The AD ratio tells what a weak bounce it is.  Up/down percents tell the weak internals of market never mind the nifty figures.  Those who can play intraday moves can make something out of this market.  Not to say that it is easy to do so watching from sidelines is also good option.

 

 

  DayBefYest Yest Today
Nifty Cash Info --------- --------- ---------
%Chg -3.22 -1.95 0.87
H 2764.60 2688.50 2655.70
L 2659.55 2611.55 2611.95
C 2674.60 2622.40 2645.20
Nifty Fut Info --------- --------- ---------
%Chg -3.51 -1.84 1.51
O 2665.15 2638.10 2601.00
H 2679.90 2669.85 2641.00
L 2624.35 2577.60 2586.10
C 2639.40 2590.85 2630.05
NF Prem/Disc -35 -32 -15
Vol(Cr) 8254 10349 10123
Vol(Cr) 10 day avg 8489 8456 8678
Market Breadth --------- --------- ---------
adratio 0.28 0.33 0.60
NH-NL -230.00 -266.00 -258.00
Stocks Info --------- --------- ---------
Vol(Cr) 7134 7496 7777
Vol(Cr) 10 day avg 7533 7480 7544
Up 0-2 136 166 256
Up 2-4 60 68 111
Up 4-6 39 38 62
Up 6-8 14 17 10
Up >8 13 14 17
Dn 0-2 318 348 332
Dn 2-4 298 307 206
Dn 4-6 197 146 114
Dn 6-8 54 33 29
Dn >8 44 22 18
C > 20 SMA 184 163 177
C > 50 SMA 154 148 155
Nifty Pivots Tommorrow EMA/MA EMA/MA Value
Pv 2637.62 13 Day EMA 2739.47
R1 2663.28 20 Day MA 2797.83
S1 2619.53 50 Day MA 2846.29
R2 2681.37 13 Wk EMA 2856.67
S2 2593.87 50 Wk MA 3785.51
Nifty Fut Pivots Tommorrow EMA/MA EMA/MA Value
Pv 2619.05 13 Day EMA 2722.74
R1 2652 20 Day MA 2784.85
S1 2597.1 50 Day MA 2836.6
R2 2673.95 13 Wk EMA 2846.84
S2 2564.15 50 Wk MA 3783.73

FII Data,------------
FII 04-Mar-2009 889.13 1383.35 -494.22
DII 04-Mar-2009 692.02 573.16 118.86

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