In same vein as yesterday observations lets see what we got today:

1. The AD ratio and Up/Down percents are still showing pressure on broad market

2. The no of stocks above 50 SMA has been in downtrend last 3 days.

3. The volumes both in NF and cash have declined sharply today. Cash vol actually more than NF vol, haven’t seen that in a while.

4. Volumes are lowest since 2nd Jan 09. While then was end of holiday period for many institutions, can’t say what is making everyone ditching the markets now! Is it wait-till-elections attitude, is it aversion due to yet unsolved Satyam fiasco, is it expected higher fiscal deficit, or is it just watch which way US markets go ? Most likely the last reason in short term but I also suspect wait-till-election could be reason in the medium term.

5. NF came close but still could touch boundary of gap of 2800 made on 17th Tue. The two day of bounce has been a very weak bounce, it is more of relief that we did not fall down further. However up closing white candles for 2 days still may give minor hope to bulls.

6. FII still selling and DII support is keeping the Nifty afloat with its dignity intact!

	DayBefYest	Yest	Today
Nifty Cash Info	———	———	———
%Chg	-2.74	0.20	0.48
H	2854.65	2806.50	2802.15
L	2757.30	2736.65	2767.60
C	2770.50	2776.15	2789.35
Nifty Fut Info	———	———	———
%Chg	-2.75	0.35	0.83
C	2753.60	2763.25	2786.15
Vol(Cr)	7903	9226	6089
Vol(Cr) 10 day avg	8862	8903	8661
Market Breadth	———	———	———
adratio	0.20	0.59	0.70
NH-NL	-78.00	-105.00	-60.00
Stocks Info	———	———	———
Vol(Cr)	7142	7743	6739
Vol(Cr) 10 day avg	7915	7900	7881
Up 0-2	114	271	302
Up 2-4	51	102	118
Up 4-6	26	47	49
Up 6-8	7	15	13
Up >8	6	13	17
Dn 0-2	288	381	381
Dn 2-4	326	191	161
Dn 4-6	246	95	70
Dn 6-8	69	18	14
Dn >8	32	14	12
C > 20 SMA	395	378	390
C > 50 SMA	261	256	241
Nifty	Pivots Tommorrow	EMA/MA	EMA/MA Value
Pv	2786.37	13 Day EMA	2834.94
R1	2805.13	20 Day MA	2824.74
S1	2770.58	50 Day MA	2883.64
R2	2820.92	13 Wk EMA	2920.85
S2	2751.82	50 Wk MA	3864.79
Nifty Fut	Pivots Tommorrow	EMA/MA	EMA/MA Value
Pv	2778.02	13 Day EMA	2824.67
R1	2801.03	20 Day MA	2813.13
S1	2763.13	50 Day MA	2877.53
R2	2815.92	13 Wk EMA	2916.55
S2	2740.12	50 Wk MA	3864.07

FII Data,————
FII 19-Feb-2009 809.57 1173.05 -363.48
DII 19-Feb-2009 578.54 470.1 108.44