1. An unexpected day — when people expected Nifty to get a bounce from overnight US cues, it instead made a trend day downward.  Volume picture says ‘healthy’ amount of selling in cash and NF both.

2. Why I say ‘healthy’ selling is that the broad market was already selling off to oblivion for several weeks now, notwithstanding a few days of Nifty rally in between.  Today it was turn of the pivotals including defensives like HUL to sell off.  At least we are not pretending that we can continue to outperform US equities in short term.

In such days when it is difficult to make sense of world markets, here is an interesting article:

seekingalpha.com/article/121172-in-today-s-environment-neither-technical-nor-fundamental-analysis-alone-will-work

 

	DayBefYest	Yest	Today
Nifty Cash Info	———	———	———
%Chg	-1.95	0.87	-2.59
H	2688.50	2655.70	2663.90
L	2611.55	2611.95	2564.10
C	2622.40	2645.20	2576.70
Nifty Fut Info	———	———	———
%Chg	-1.84	1.51	-2.79
O	2638.10	2601.00	2634.80
H	2669.85	2641.00	2639.45
L	2577.60	2586.10	2538.40
C	2590.85	2630.05	2556.80
NF Prem/Disc	-32	-15	-20
Vol(Cr)	10349	10123	10774
Vol(Cr) 10 day avg	8456	8678	8832
Market Breadth	———	———	———
adratio	0.33	0.60	0.26
NH-NL	-266.00	-258.00	-299.00
Stocks Info	———	———	———
Vol(Cr)	7496	7777	8875
Vol(Cr) 10 day avg	7480	7544	7657
Up 0-2	166	256	152
Up 2-4	68	111	55
Up 4-6	38	62	22
Up 6-8	17	10	11
Up >8	14	17	10
Dn 0-2	348	332	326
Dn 2-4	307	206	288
Dn 4-6	146	114	206
Dn 6-8	33	29	47
Dn >8	22	18	41
C > 20 SMA	163	177	139
C > 50 SMA	148	155	135
Nifty	Pivots Tommorrow	EMA/MA	EMA/MA Value
Pv	2601.57	13 Day EMA	2716.22
R1	2639.03	20 Day MA	2786.51
S1	2539.23	50 Day MA	2836.28
R2	2701.37	13 Wk EMA	2846.88
S2	2501.77	50 Wk MA	3784.14
Nifty Fut	Pivots Tommorrow	EMA/MA	EMA/MA Value
Pv	2578.22	13 Day EMA	2699.03
R1	2618.03	20 Day MA	2773.63
S1	2516.98	50 Day MA	2826.09
R2	2679.27	13 Wk EMA	2836.38
S2	2477.17	50 Wk MA	3782.26

FII Data,————

FII 05-Mar-2009 1533.35 2124.27 -590.92

DII 05-Mar-2009 1127.91 648.87 479.04