Wednesday, 25 December 2013

Today's Market : Volatility mars Indian indices

Analysis of NSENIFTY as of 24/12/2013

   NSENIFTY closed down -16.100 at 6,268.400.  Volume was 45% below average (neutral) and Bollinger Bands were 42% narrower than normal.

Open                 High          Low              Close          Volume___
6,296.450    6,301.500    6,262.000    6,268.400    107,642,912

Technical Outlook 
Short Term:          Neutral
Intermediate Term:   Bullish
Long Term:           Bullish

Moving Averages: 10-period     50-period     200-period
Close:                     6,221.80       6,171.06       5,896.20
Volatility:                        17             19             24
Volume:                 185,809,744    170,121,168    171,143,856

   NSENIFTY is currently 6.3% above its 200-period moving average and is in an upward trend.  Volatility is extremely low when compared to the average volatility over the last 10 periods.  There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.  Our volume indicators reflect volume flowing into and out of NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 11 periods.     


Analysis of BANKNIFTY as of 24/12/2013

   BANKNIFTY closed down -47.850 at 11,330.650.  Volume was 47% below average (neutral) and Bollinger Bands were 26% narrower than normal. 

Open                High                Low              Close            Volume___
11,399.150    11,405.000    11,287.300    11,330.650     23,579,514

Technical Outlook 
Short Term:          Neutral
Intermediate Term:   Bearish
Long Term:           Bullish

Moving Averages: 10-period     50-period     200-period
Close:                     11,381.52      11,104.85      11,174.77
Volatility:                       26             36             39
Volume:                  29,318,042     37,174,432     32,398,918


   BANKNIFTY is currently 1.4% above its 200-period moving average and is in an downward trend.  Volatility is low as compared to the average volatility over the last 10 periods.  Our volume indicators reflect volume flowing into and out of BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 2 periods.     




About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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