Constructed
and written
by Smartbiz
Intraday
Oscillator: Market sentiment had a small pre-budget
rally with lackadaisical participation. The Oscillator stayed in positive mood
whole day with last minute buying pushed it to end at +192.23; gained 19.23 compared
to its opening point
at +173.00. The Average recorded a gain of 102.73; improved by 75.23
points compared to +27.50 of the previous session.
MSCD: After today’s market, %K crosses over the downtrend line and the
Histogram printed another positive bar.
MSCD data are appended as below:
| DATE | A_OSC | %K | %D | %A | HGM |
| 24/9/2012 | 514.70 | 179.77 | 170.21 | 137.99 | 2.40 |
| 25/9/2012 | 73.04 | 163.36 | 163.01 | 135.63 | 1.99 |
| 26/9/2012 | 151.39 | 161.52 | 162.15 | 136.21 | 1.47 |
| 27/9/2012 | 27.50 | 132.45 | 148.09 | 130.25 | 1.96 |
| 28/9/2012 | 102.73 | 96.28 | 129.51 | 121.78 | 8.21 |
| LAST+- | 75.23 | 36.17 | 18.59 | 8.47 | 6.26 |
Conclusion:
Investors stepped into market with
cautiousness in anticipation of a budget-rally today.
In MSCD, %K continues to move higher with
the Histogram stays in positive zone indicating more confidence has been putting
into the market. However, the effect of the new budget can only be seen by next
week. As such, the sustainability of the upswing remains uncertain.
Note: Explanation on Intra-Day MSO and MSCD are archived under
"Labels" at the sidebar.
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