Wednesday, 15 January 2014

Today's Market : Nifty continue their upward trend

Analysis of NSENIFTY as of 15/01/2014

   NSENIFTY closed up  79.050 at 6,320.900.  Volume was 16% below average (neutral) and Bollinger Bands were 53% narrower than normal.

Open                High                 Low           Close       Volume___
6,265.950    6,325.200    6,265.300    6,320.900     145,922,864

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

Moving Averages: 10-period     50-period     200-period
Close:                     6,213.59       6,191.40       5,928.40
Volatility:                       15             18             23
Volume:                 140,214,192    152,378,768    169,832,192


   NSENIFTY is currently 6.6% above its 200-period moving average and is in an downward 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 bearish on NSENIFTY and have had this outlook for the last 4 periods.  


Analysis of BANKNIFTY as of 15/01/2014

   BANKNIFTY closed up 176.500 at 11,125.400.  Volume was 9% below average (neutral) and Bollinger Bands were 50% narrower than normal.

Open                   High               Low              Close                Volume___
11,000.200    11,164.100     10,986.100     11,125.400      35,896,832

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

Moving Averages: 10-period     50-period     200-period
Close:                      11,037.60      11,184.01      11,130.68
Volatility:                          23             31             39
Volume:                      30,116,292     31,470,718     32,877,218


   BANKNIFTY is currently 0.0% below 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 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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