**Market Trend Map**

* S&P CNX NIFTY Market Map is currently Positive and Long term trend is UP

The Market Map Turned Positive 80 period(s) ago.

Since the Market Map became positive, * S&P CNX NIFTY’s price has increased 5.456% And has ranged from a high of 5,629.950 to a low of 4,768.250

**RSI Range Analysis**

RSI Range for the* S&P CNX NIFTY has been 36.5158 on the lower side and 79.8378 on the higher side.

Since the lower range of RSI is above 33 and higher range is above 70 Stock is Bullish

In Bull Market – RSI remains in the range of 80 – 40 – RSI never goes below 33 And In Bear Market – RSI remains in the range of 60 – 20 – RSI never goes above 60 – 67.

RSI Range for the* S&P CNX NIFTY on the shorter term has been 36.5158 on the lower side and 54.2934 on the higher side.

Since the higher range of RSI over past 30 days is below 70 Stock is neutral to bearish on short term

**Rate of Change**

Modified ROC for* S&P CNX NIFTY is Less than 4 indicating Short term DOWN trend

**Current Statistics**

Close: 5,114.150

Change: 27.300

Advances: 759

Declines: 694

Today’s Daily Range: 136.750

Today’s Volumes: 168,271,792.00

**Volatility Statistics**

Current Historical Volatility: 18.327

Highest Range of Historical Volatility In the past 1 year: 25.962

Lowest Range of Historical Volatility In the past 1 year: 15.071

Since Volatility is close to the lower band, probability of accelerated move on the down side exists.

**Daily Pivots**

Pivot: 5,075.633

Support 1: 5,026.517

Support 2: 4,938.883

Resistance 1: 5,163.267

Resistance 2: 5,212.383

**Global Markets**

Dow Jones: 13008.5 -0.2%

DAX: 6569.48 0.1%

FUTSEE 100: 5655.06 0.0%

Hang Seng : 20536.7 -2.6%

Korea: 1956.44 -1.6%

Singapore: 2924.95 -2.2%

Taiwan: 7538.08 -2.1%

**Commodities**

NYMEX Crude: 97.94 -0.6%

CRB INDEX: 29.28 0.2%

GOLD: 1637.15 -0.3%

HG COPPER: 3.7735 1.4%

**Currencies**

U.S. Dollar: 79.715 0.2%

USD-INR: 52.83 -1.2%

Nifty RSI Range

**Market Trend Map**

* S&P CNX NIFTY Market Map is currently Positive and Long term trend is UP

The Market Map Turned Positive 79 period(s) ago.

Since the Market Map became positive, * S&P CNX NIFTY’s price has increased 4.893% And has ranged from a high of 5,629.950 to a low of 4,768.250

**RSI Range Analysis**

RSI Range for the* S&P CNX NIFTY has been 36.5158 on the lower side and 79.8378 on the higher side.

Since the lower range of RSI is above 33 and higher range is above 70 Stock is Bullish

In Bull Market – RSI remains in the range of 80 – 40 – RSI never goes below 33 And In Bear Market – RSI remains in the range of 60 – 20 – RSI never goes above 60 – 67.

RSI Range for the* S&P CNX NIFTY on the shorter term has been 36.5158 on the lower side and 54.2934 on the higher side.

Since the higher range of RSI over past 30 days is below 70 Stock is neutral to bearish on short term

**Rate of Change**

Modified ROC for* S&P CNX NIFTY is Less than 4 indicating Short term DOWN trend

**Current Statistics**

Close: 5,086.850

Change: -101.550

Advances: 259

Declines: 1,230

Today’s Daily Range: 106.600

Today’s Volumes: 153,304,688.00

**Volatility Statistics**

Current Historical Volatility: 18.272

Highest Range of Historical Volatility In the past 1 year: 25.962

Lowest Range of Historical Volatility In the past 1 year: 15.071

**Daily Pivots**

Pivot: 5,111.550

Support 1: 5,045.900

Support 2: 5,004.950

Resistance 1: 5,152.500

Resistance 2: 5,218.150

**Global Markets**

Dow Jones: 13038.3 -1.3%

DAX: 6561.47 -2.0%

FUTSEE 100: 5655.06 -1.9%

Hang Seng : 21086 -0.8%

Korea: 1989.15 -0.3%

Singapore: 2990.59 -0.3%

Taiwan: 7700.95 0.5%

**Commodities**

NYMEX Crude: 98.49 -3.9%

CRB INDEX: 29.225 0.0%

GOLD: 1642.42 0.4%

HG COPPER: 3.721 -0.4%

**Currencies**

U.S. Dollar: 79.587 0.4%

USD-INR: 53.47 0.3%

Nifty Analysis

**Market Trend Map**

* S&P CNX NIFTY Market Map is currently Positive and Long term trend is UP

The Market Map Turned Positive 78 period(s) ago.

Since the Market Map became positive, * S&P CNX NIFTY’s price has increased 6.987% And has ranged from a high of 5,629.950 to a low of 4,768.250

**RSI Range Analysis**

RSI Range for the* S&P CNX NIFTY has been 42.2823 on the lower side and 79.8378 on the higher side.

Since the lower range of RSI is above 33 and higher range is above 70 Stock is Bullish

In Bull Market – RSI remains in the range of 80 – 40 – RSI never goes below 33 And In Bear Market – RSI remains in the range of 60 – 20 – RSI never goes above 60 – 67.

RSI Range for the* S&P CNX NIFTY on the shorter term has been 42.2823 on the lower side and 54.2934 on the higher side.Since the higher range of RSI over past 30 days is below 70 Stock is neutral to Bearish on short term

**Rate of Change**

Modified ROC for* S&P CNX NIFTY is Less than 4 indicating Short term DOWN trend

**Current Statistics**

Close: 5,188.400

Change: -50.750

Advances: 429

Declines: 1,047

Today’s Daily Range: 36.650

Today’s Volumes: 118,574,000.00

**Volatility Statistics**

Current Historical Volatility: 18.202

Highest Range of Historical Volatility In the past 1 year: 25.962

Lowest Range of Historical Volatility In the past 1 year: 15.071

**Daily Pivots**

Pivot: 5,195.450

Support 1: 5,173.600

Support 2: 5,158.800

Resistance 1: 5,210.250

Resistance 2: 5,232.100

**Global Markets** 

Dow Jones: 13206.6 (-0.5%)

DAX: 6694.44 (-0.2%)

FUTSEE 100: 5766.55 (0.1%)

Hang Seng : 21249.5 (-0.3%)

Korea: 1995.11 (-0.2%)

Singapore: 3000.94 (-0.2%)

Taiwan: 7659.53 (-0.2%)

**Commodities** 

NYMEX Crude: 102.54 (-2.5%)

CRB INDEX: 29.225 (0.2%)

GOLD: 1635.29 (-1.1%)

HG COPPER: 3.736 (-1.3%)

**Currencies** 

U.S. Dollar: 79.293 (0.1%)

USD-INR: 53.33 (0.7%)

Nifty Analysis

**Market Trend Map**

* S&P CNX NIFTY Market Map (Click Here) is currently Positive

The Market Map Turned Positive 77 period(s) ago.

Since the Market Map became positive, * S&P CNX NIFTY’s price has increased 8.034% And has ranged from a high of 5,629.950 to a low of 4,768.250

**RSI Range Analysis**

RSI Range for the* S&P CNX NIFTY has been 42.2823 on the lower side and 79.8378 on the higher side. Since the lower range of RSI is above 33 and higher range is above 70 Stock is Bullish. In Bull Market – RSI remains in the range of 80 – 40 – RSI never goes below 33 And In Bear Market – RSI remains in the range of 60 – 20 – RSI never goes above 60 – 67.

RSI Range for the* S&P CNX NIFTY on the shorter term has been 42.2823 on the lower side and 54.2934 on the higher side. Since the higher range of RSI over past 30 days is below 70 Stock is neutral to bearish on short term.

**Current Statistics**

Close: 5,239.150
Change: -9.000
Advances: 661
Declines: 792
Today’s Daily Range: 53.150
Today’s Volumes: 119,333,288.00

**Volatility Statistics**

Period            Stat Volatility                      %Change
10-period:          13.4075                                 -0.11
21-period:          15.2799                                  -2.57
39-period:          21.1076                                  -0.46
90-period:          21.3727                                 -0.02

Current Historical Volatility: 18.219
Highest Range of Historical Volatility In the past 1 year: 25.962
Lowest Range of Historical Volatility In the past 1 year: 15.071

**Daily Pivots**

Pivot: 5,248.400
Support 1: 5,217.201
Support 2: 5,195.250
Resistance 1: 5,270.351
Resistance 2: 5,301.550

Nifty Analysis

**Market Trend Map**

* S&P CNX NIFTY Market Map (Click Here) is currently Positive

The Market Map Turned Positive 76 period(s) ago.

Since the Market Map became positive, * S&P CNX NIFTY’s price has increased 8.219% And has ranged from a high of 5,629.950 to a low of 4,768.250

**Current Statistics**

Close: 5,248.150
Change: 39.150
Today’s Daily Range: 60.700
Current Historical Volatility: 18.324
Highest Range of Historical Volatility In the past 1 year: 25.962
Lowest Range of Historical Volatility In the past 1 year: 15.071

**Volatility Statistics**

Period:     Stat Volatility     %Change
10-period:     13.5153             -1.23
21-period:     17.8538               0.19
39-period:     21.5642               0.14
90-period:     21.3921             -0.02

**Daily Pivots**

Pivot: 5,237.250
Support 1: 5,212.350
Support 2: 5,176.550
Resistance 1: 5,273.050
Resistance 2: 5,297.950

In between if this observation fails and market moves on the upside early, the same will be notified and updated. As of now, market should see lower levels below 5135 but should stop and close above 5076. Call options can be accumulated between 5076 and 5135 and stop should be placed on Nifty spot if it manages to close below 5076 on closing basis.

Nifty Analysis - RSI Projection

If we are going to visit the volatility range of 1993 – 1996 and 2005 – 2006, then most of the world markets will be up another 20% from current levels by the next two quarters. However if 1998, 1999, 2000 and 2008, 2010,2011 volatility levels are to act as support, then world over markets should begin to see some correction over a period of next few quarters. Either way it is the best time for traders to participate.

Rajesh.

Global volatility is also one of the factors which will determine the future course of the markets. Currently the volatility is pegged at a four year old support and should this give way, markets can witness fresh bouts of liquidity coming in. On the other hand, if volatility finds support here and bounces back, then correction in the market would be inevitable. Either way, it is good news for traders as markets won’t stay at these levels for long.

Nifty Analysis - 7th April 2012

Crude for India continues to remain a negative factor. In the short term, equities may move along with crude, however in the medium to long term, rising crude prices will be detrimental for equities. As of now though, trend continues to be up and trades need to be taken on the long side.

Nifty Analysis - 26th March 2012

1) Bear noises become so active that ardent Bulls forget their basics and assume that a new bear market has started, and
2) Manner in which corrections happen, damage traders psychologically to an extent that many just can’t take it anymore

The only way to escape this rant is to trust the trend. To put my point forward, I will explain it through my Market Map. One can use their own method to understand this point.

Throughout 2009, 2010 we saw corrections within the Bull market of magnitude which would have scared everyone. Still markets not only recovered, they climbed back to take out the intermediate high. Its only in 2011 when correction finally turned into a bear market. But, if trend would not have been trusted on previous 5 occasions, then traders would have missed the opportunity to make some serious money. Whether this correction is a start of Bear market is a difficult thing to say. But one thing which is certain is that trusting the trend in such times is not a bad thing to do.

All the random noise within the market about 4200 – 4500 being revisited at this stage remains speculative. If 4200 has to come, trend will change and when that happens, one can adjust their position accordingly. Until then, be with the trend.