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Analysis of S&P CNX NIFTY

As on July 15, 2011

( Updated on Sunday, July 17, 2011 )

  

 

   S&P CNX NIFTY closed down -18.700 at 5,581.100.  Volume was 26% below average (neutral) and Bollinger Bands were 25% wider than normal.

 

 

 

Open

High

Low

Close

Volume

Recommendation

S&P CNX NIFTY

5602.95

5631.70

5562.75

5581.10

804,267

           SELL

 

OUTLOOK FOR COMMING WEEK

 

The projected upper bound is: 5,738.89

The projected lower bound is :  5,424.49.

 

Short Term:        Neutral

Intermediate Term:  Bullish

Long Term:           Bearish

 

Moving Averages: 10-period     50-period     200-period

Close:          5,620.63       5,504.90       5,733.09

Volatility:           19             18             22

Volume:        1,022,005      1,067,895        851,663

  

    S&P CNX NIFTY is currently 2.7% below its 200-period moving average and is in an upward trend.  Volatility is relatively normal as compared to the average volatility over the last 10 periods.  Our volume indicators reflect volume flowing into and out of NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 14 periods.

  

BEST STOCKS TO BUY FOR SHORT- TERM (1-2 Weeks)

Symbol

Date

Close

High

Low

Volume

Recommendation

EXIDEIND

2011-07-15

168.75

170.40

164.10

2117520

STRONG BUY

GITANJALI

2011-07-15

304.50

318.00

303.25

1861979

STRONG BUY

IRB

2011-07-15

187.00

191.50

185.65

2001597

STRONG BUY

JSWENERGY

2011-07-15

77.70

79.80

76.60

2511338

STRONG BUY

 

BEST STOCKS TO SELL FOR SHORT - TERM (1-2 Weeks)

Symbol

Date

Close

High

Low

Volume

Recommendation

No Stocks Found For Short Selling

 

Disclaimer: -   we advices users to check with certified experts before taking any investment decision