For September 23rd, 2004

Index Today Closing Up/Down From yesterday (Points)
Nifty Spot 1753.90 +1.5
Nifty Future Sept. 1748 -2
Cnx Midcap 1950 +7
Cnxit 2500.50 +1.5

Market is taking a strong resistance at near NF 1750, take care and it is time to do profit taking after the big rally which started from NF 1621 when we bought. This is first time we are asking to do profit taking. Trade less here in this zone.

Advances Declines
423 338

Strongest & Weakest  futures 

Daily Trend of Nifty

Intraday Trend of Nifty & Future Stocks

This is list of 10 Strong Future Stocks  Canara Bank, Bob, Ubi, Boi, Cipla, I-Flex, Andhra Bank, Tata Power, Ranbaxy, Bel and this is the list of weak 10 Future Stocks Maruti,  Mtnl, Hero Honda, Polaris,  Grasim, Arvind Mills, Pnb, Infosys, Bses, Dr.Reddy.. Nifty Future NF, came in buy on 30th August, 2004 in 1621 & still continues to be in buy. We have done 50% profit taking, balance 50% also we should do profit taking near NF 1750 level or around 10:15 am.

130 points of profit in NF is pretty good. Digest it. 

 

Intraday markets change very fast from one sector to other. Intraday at present the traders take and exit positions fast. You may view the intraday movement on Intraday Trend  Page on the site by logging with your email & password.

 To view the brief  Technical Analysis of 20 active stocks 

 

 
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