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.
About Money99
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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