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