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Wednesday 9 July 2014

Today's Market : Economic Survey fails to cheer markets


Analysis of NSENIFTY as of 09/07/2014

   NSENIFTY closed down -38.200 at 7,585.000.  Volume was 4% below average (neutral) and Bollinger Bands were 41% narrower than normal.

Open                High             Low            Close              Volume___
7,637.950    7,650.100    7,551.650    7,585.000      168,348,848

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

Moving Averages: 10-period     50-period     200-period
Close:                       7,621.71       7,331.84       6,519.86
Volatility:                         17             18             17
Volume:                 143,719,856    178,262,240    169,794,880


   NSENIFTY is currently 16.3% above its 200-period moving average and is in an downward trend.  Volatility is high as compared to the average volatility over the last 10 periods.  Our volume indicators reflect moderate flows of volume out of NSENIFTY (mildly bearish).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 7 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 09/07/2014

   BANKNIFTY closed down -66.400 at 14,931.100.  Volume was 14% below average (neutral) and Bollinger Bands were 52% narrower than normal. 

Open                  High                 Low              Close            Volume___
15,008.250    15,093.450    14,827.100    14,931.100      30,659,706

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

Moving Averages: 10-period     50-period     200-period
Close:                       15,227.02      14,773.55      12,086.28
Volatility:                          27             29             32
Volume:                   25,925,170     36,288,312     35,779,320


   BANKNIFTY is currently 23.5% above its 200-period moving average and is in an downward trend.  Volatility is   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 11 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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