Indian stock Markets start 2014 on a flattish note


   NSENIFTY closed down  -2.350 at 6,301.650.  Volume was 63% below average (consolidating) and Bollinger Bands were 49% narrower than normal.

Open                High             Low         Close           Volume___
6,323.800    6,327.200    6,298.250   6,301.650     69,567,664

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

Moving Averages: 10-period     50-period     200-period
Close:                        6,270.04       6,190.19       5,908.10
Volatility:                         14             18             23
Volume:                 164,454,672    160,746,016    170,202,864

   NSENIFTY is currently 6.7% above its 200-period moving average and is in an upward 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 16 periods.     


Analysis of BANKNIFTY as of 01/01/2014

   BANKNIFTY closed up   0.350 at 11,385.600.  Volume was 72% below average (consolidating) and Bollinger Bands were 39% narrower than normal. 

Open                High                 Low             Close        Volume___
11,418.900    11,432.550    11,361.000  11,385.600  12,087,962

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

Moving Averages: 10-period     50-period     200-period
Close:                      11,343.92      11,189.53      11,162.68
Volatility:                          21             33             39
Volume:                     25,590,926     35,220,628     32,458,738


   BANKNIFTY is currently 2.0% above its 200-period moving average and is in an upward 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 bullish on BANKNIFTY and have had this outlook for the last 3 periods.     


Indian stock Markets start 2014 on a flattish note Indian stock Markets start 2014 on a flattish note Reviewed by Money99 on 04:35:00 Rating: 5

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