For September 2nd, 2004

Index Today Closing Up/Down From yesterday (Points)
Nifty Spot 1634.05 +3.65
Nifty Future Sept. 1626.55 +1.15
Cnx Midcap 1882.65 +19.25
Cnxit 2343.50 +27.35

Nifty Future again had a very low volume day, which goes to show that frontline future stocks will move slowly only. Again it is the cash stocks which are the main driving force of market and they are the leaders of this rally. Advance decline was positive.

Advances Declines
551 226
Strongest & Weakest 10 futures  Daily Trend of Nifty Intraday Trend of Nifty & Future Stocks
This is a list of 10 Strong Future Stocks  Ubi, Ipcl, Canara Bank, Guj Amb Cem, Grasim, Arvind Mill, Bob, I-Flex, Bel, Bajaj Auto and this is the list of weak 10 Future Stocks Dr.Reddy, Mtnl, Hindlever, Telco, Polaris, Tisco, M&M, Hero Honda, Cipla, Hdfc Bank.  Nifty Future(NF) came in buy yesterday in 1621 and continues to be in buy. Continue with your long positions and do not try to play short in the market. Next strong resistance for NF is 1645. Nifty and Future stocks intraday will go on behaving like this at the moment i.e. there  will be sideways move in them as they are not in free zone. For more on intraday movements, go to the site.

 

 
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