MARKET SUMMARY - MAY 16

Market summary

Stocks in database Advance / Decline Stocks above / below 50 DMA Breakouts: Bullish / Bearish Stocks gaining / losing > 5% Stocks Oversold / Overbought Stocks at 20 day HI / LO Stocks at 52 week HI / LO

1047 708 / 339 642 / 405 24 / 57 / 9 30 / 91 197 / 63 64 / 33

NIFTY technicals (autogenerated)

EOD charts provided by iCharts.in

NIFTY closes at 6146.75 (2.52% up)

	High	Low	Close
Latest	6157.10	6018.85	6146.75
Last Day	6026.20	5970.05	5995.40
Last Week	6105.30	5928.45	6094.75
Last Month	5962.30	5477.20	5930.20

Swing Commentary:

Swing	Trend	Eff. Date	Price	Reversal
20 day	UP	22-04-2013	5834	5500
5 day	UP	16-04-2013	5689	5970

Intraday support and resistance:

S 2	S 1	Pivot	R 1	R 2
5969.30	6058.00	6107.55	6196.25	6245.80

Weekly support and resistance:

S 2	S 1	Pivot	R 1	R 2
5865.95	5980.30	6042.80	6157.15	6219.65

Posted in: MARKET SUMMARY