Nifty has advanced 8.6% in 5 trading sessions from 2573 on 9^th Mar to 2794 today. 

Following table gives information on Nifty percent changes and stocks AD ratio over 5 days. That information is based on day to day comparison.

Later in the table it gives up and down % changes over 5 days. So Today figure in Up % 5 Days refers to % change from price 5 days ago i.e. D-5. D-1 figure refers to % change from D-6. It will be easier to figure out from table given below.

The decent number of stocks in Up 12-16% and Up > 16% shows that many stocks in broader market have performed better than Nifty index. This is reversal of previous few weeks/months when strength in Nifty index was not reflected in non-Nifty stocks. Same is corroborated by AD Ratio and NH-NL values over 5 days. This information shows that there is strength in broad market, and probably a better indication of market health than just Nifty movements.  This could be explained that these stocks had declined more previously.  But that trend of broad market underperformance has been halted and reversed in the short term.

Nifty failed to close above 2800 levels today. Previously it has been seen that 2800-2830 zone is a psychological hurdle above which Nifty tends to look for gaining further ground. At the same time it does not seem that Nifty will fall and sustain below 2700-2750 in short term.

 

	D-4	D-3	D-2	D-1	Today
Nifty %Chg	1.72	3.89	2.13	-0.71	1.35
Market Breadth	——	——	——	——	——
AD Ratio	1.07	2.49	2.36	0.95	2.12
NH-NL	-223	-105	-61	-36	-24
Adv/Dec 5 Days	——	——	——	——	——
Adv	293	439	774	833	969
Dec	908	755	430	350	232
Unc	19	22	20	25	19
Up % 5 days	——	——	——	——	——
Up 0-4	174	228	326	324	223
Up 4-8	66	118	222	232	257
Up 8-12	28	58	111	142	200
Up 12-16	11	18	49	54	123
Up >16	14	17	66	81	166
Dn % 5 days	——	——	——	——	——
Dn 0-4	289	340	219	191	139
Dn 4-8	273	210	120	96	57
Dn 8-12	183	122	45	41	21
Dn 12-16	93	48	27	14	10
Dn >16	70	35	19	8	5