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Analysis
of S&P CNX NIFTY (NSENIFTY)
As on
7/23/2010
S&P CNX NIFTY closed up 7.150 at 5,449.100. Volume was below average (consolidating)
and Bollinger Bands were 21% narrower than normal.
|
|
Open |
High |
Low |
Close |
Volume |
Recommendation |
|
S&P CNX
NIFTY |
5,441.90 |
5,477.50 |
5,435.15 |
5449.10 |
646,684 |
HOLD |
The projected upper bound is:
5,628.02.
The projected lower bound is:
5,284.40.
Technical Outlook
Short Term: Overbought
Intermediate
Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 5,398.73 5,195.42 5,107.18
Volatility: 7 22 22
Volume: 465,730 114,152,104 178,637,216
S&P CNX NIFTY is
currently 6.7% above its 200-period moving average and is in an upward
trend. Volatility is low as compared to
the average volatility over the last 10 periods. Our volume indicators reflect moderate flows
of volume into NSENIFTY (mildly bullish). Our trend forecasting oscillators are
currently bullish on NSENIFTY and have had this outlook for the last 34
periods.
BEST STOCKS TO BUY FOR
SHORT- TERM (1-2 Weeks)
|
Symbol |
Date |
Close |
High |
Low |
Volume |
Recommendation |
|
ADANIPOWER |
2010-07-23 |
127.75 |
133.90 |
127.10 |
2106826 |
STRONG BUY |
BEST
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Disclaimer: - we
advices users to check with certified experts before taking any investment
decision