Thursday, 23 January 2014

Analysis of NSENIFTY as of 23/01/2014

Analysis of NSENIFTY as of 23/01/2014

   NSENIFTY closed up   6.700 at 6,345.650.  Volume was 28% below average (neutral) and Bollinger Bands were 43% narrower than normal.

Open              High               Low             Close        Volume___
6,325.950     6,355.600     6,316.400    6,345.650    120,054,600

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

Moving Averages: 10-period     50-period     200-period
Close:                      6,288.98       6,211.19       5,947.40
Volatility:                         14             17             23
Volume:                  139,363,392    150,091,920    169,887,616

   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 2 periods.     


Analysis of BANKNIFTY as of 23/01/2014

   BANKNIFTY closed down  -8.350 at 11,199.000.  Volume was 42% below average (neutral) and Bollinger Bands were 52% narrower than normal. 

Open              High               Low                 Close               Volume___
11,183.750    11,221.100    11,122.350    11,199.000     21,112,012

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

Moving Averages: 10-period     50-period     200-period
Close:                      11,049.04      11,193.77      11,123.91
Volatility:                          23             30             38
Volume:                    25,549,760     28,962,586     33,015,582

   BANKNIFTY is currently 0.7% 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 12 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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