For September 10th, 2004

Index Today Closing Up/Down From yesterday (Points)
Nifty Spot 1670.30 +22.6
Nifty Future Sept. 1665.50 +23.6
Cnx Midcap 1918.60 +14.9
Cnxit 2439 +5.8

Advance Decline was negative today as market in cash segment was overbought. Stocks above support were 95% yesterday. We buy stocks for delivery when stocks above support are more than 50% and don't hold them when they are below 50%.

Advances Declines
489 278
Strongest & Weakest 10 futures  Daily Trend of Nifty Intraday Trend of Nifty & Future Stocks
This is a list of 10 Strong Future Stocks   Guj Amb Cem, Grasim, National Alum, Satyam, Hdfc Bank, ITC Ltd, Ipcl, I-Flex, Andhra Bank, Cnxit   and this is the list of weak 10 Future Stocks Hero Honda, Maruti, Dr.Reddy, Bpcl, BOI, Hpcl, Icici Bank, Telco, M&M, OBC . Nifty Future NF, came in buy on 30th August, 2004 in 1621 & still continues to be in buy. With overbought market, such reaction do come.  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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