Indian Stock Index Trends 3 Feb to 11 Feb 2010 – Review

In the trends for this period we had indicated rise in the market. The forecast made on 25 Jan for this period is repeated here.

From	To	Trend	Remarks
3 Feb	11  Feb	Rise	Market may remain firm during this period. Many forces may show pressures, but the support will still emerge. Market holidays on 6 and 7 Feb. Again Market holidays on 12, 13 and 14 Feb.

There was a lot of volatility during this period. Nifty closing on the previous close of this block on 2 Feb was 4830. Despite wild fluctuations the market could still get the support and closed on 11 February at 4827 showing a negligible fall of 3 points. We give below the market fluctuations during this period.

Historical Data for S&P CNX NIFTY                  For the period 02-02-2010 to 11-02-2010

Date Open High Low Close Turnover  (Rs. Cr) 02-Feb-2010 4907.85 4951.15 4814.10 4830.10 7927.05 03-Feb-2010 4831.00 4949.15 4831.00 4931.85 6448.29 04-Feb-2010 4931.30 4931.30 4832.35 4845.35 6169.35 05-Feb-2010 4819.65 4827.00 4692.35 4718.65 7609.87 06-Feb-2010 4712.75 4768.15 4712.75 4757.25 643.11 08-Feb-2010 4755.35 4799.05 4675.40 4760.40 6823.11 09-Feb-2010 4760.55 4810.40 4739.35 4792.65 5819.47 10-Feb-2010 4793.00 4826.85 4748.10 4757.20 6196.72 11-Feb-2010 4757.25 4843.80 4757.25 4826.85 4917.21