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Charts & Analysis

Indian Market Snapshot: 19 Jul 2011

Despite opening steady and staying lower for much of the morning, the Nifty gained steam and ended up nearly 1% up and above the 5600 mark. About 9,900 crores was traded today, which is still a pathetically low number though not as low as Monday.

The overall put-call ratio is at 0.89, with those on the Nifty at 0.91, meaning that the total amount of fear is substantially lower now. Mid-caps are starting to show strong moves. Watch the 200 DMA.

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(Thanks to dshort.com)