Tuesday, 14 January 2014

Energy & IT stocks lift markets - 13 Jan

Analysis of NSENIFTY as of 13/01/2014

   NSENIFTY closed up 101.300 at 6,272.750.  Volume was 24% below average (neutral) and Bollinger Bands were 50% narrower than normal.

Open                  High            Low           Close             Volume___
6,189.550    6,288.200    6,189.55    06,272.750    135,009,952

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

Moving Averages: 10-period     50-period     200-period
Close:                       6,217.88       6,192.27       5,922.14
Volatility:                          13             18             23
Volume:                   131,899,488    155,880,624    170,273,776

   NSENIFTY is currently 5.9% 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 2 periods.     



Analysis of BANKNIFTY as of 13/01/2014

   BANKNIFTY closed up 216.300 at 11,021.600.  Volume was 34% below average (neutral) and Bollinger Bands were 52% narrower than normal. 

Open                  High                  Low              Close     Volume___
10,814.650    11,070.200    10,814.650    11,021.600     26,061,660

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

Moving Averages: 10-period     50-period     200-period
Close:                      11,107.25      11,204.56      11,132.52
Volatility:                          20             32             38
Volume:                   27,246,678     33,682,692     32,849,514


   BANKNIFTY is currently 1.0% below its 200-period moving average and is in an downward 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 bearish on BANKNIFTY and have had this outlook for the last 4 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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