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Monday 6 January 2014

Analysis of NSENIFTY as of 06/01/2014

Analysis of NSENIFTY as of 06/01/2014

   NSENIFTY closed down -19.700 at 6,191.450.  Volume was 36% below average (neutral) and Bollinger Bands were 48% narrower than normal.

Open                High              Low          Close            Volume___
6,220.850    6,224.700    6,170.250     6,191.450     118,344,976

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

Moving Averages: 10-period     50-period     200-period
Close:                     6,266.61       6,190.94       5,912.68
Volatility:                         9             18             23
Volume:               120,780,840    158,112,096    170,490,272

   NSENIFTY is currently 4.7% above its 200-period moving average and is in an upward trend.  Volatility is relatively normal 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 19 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.



Analysis of BANKNIFTY as of 06/01/2014

   BANKNIFTY closed down -132.601 at 11,049.050.  Volume was 50% below average (consolidating) and Bollinger Bands were 36% narrower than normal.

Open                 High                     Low          Close                Volume___
11,174.350      11,174.350     10,996.950    11,049.050       20,454,820

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

Moving Averages: 10-period     50-period     200-period
Close:                        11,311.54      11,208.07      11,149.76
Volatility:                           15             33             39
Volume:                  23,832,554     34,376,260     32,685,426

   BANKNIFTY is currently 0.9% below 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 6 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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