Analysis of activity through 22/08/2014

Analysis Of NSENIFTY And Banknifty


NSENIFTY closed up  22 pnt at 7,913.  Volume was 35% below average (neutral) and Bollinger Bands were 15% narrower than normal. 

Open               High               Low             Close           Volume___
7,904.550     7,929.050     7,900.050     7,913.200     104,074,856


          The current trend is up and all orders on the long side may be considered. Market activity analysis suggests that long trades put on outside of the +L+ focus zone have a  lower probabilty of success than those placed in those zones highlighted on the expert ribbon.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.

Overall, the bias in prices is: Upwards. 

Short term: Prices are moving.

Intermediate term: Prices are trending.




The projected upper bound is: 8,108.86.

The projected lower bound is: 7,728.99.

The projected closing price is: 7,918.93.  

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BANKNIFTY closed up 156.950 at 15,819  Volume was 3% below average (neutral) and Bollinger Bands were 21% narrower than normal. 

Open             High             Low              Close        Volume___
15,699.05    15,865.30    15,696.30    15,819.15  32,028,572

     The current trend is up and all orders on the long side may be considered. Market activity analysis suggests that long trades put on outside of the +L+ focus zone have a  lower probabilty of success than those placed in those zones highlighted on the expert ribbon.  The current market price activity is Strongly Bullish and suggests favorable trade opportunities on the long side.

Overall, the bias in prices is: Upwards. 

Short term: Prices are moving.

Intermediate term: Prices are ranging.




The projected upper bound is: 16,392.06.

The projected lower bound is: 15,260.98.

The projected closing price is: 15,826.52.  



Note: this chart shows extraordinary price action to the upside.

Note: these price projections are for reference only, and can be easily exceeded by the market.
  
Analysis of activity through 22/08/2014  Analysis of activity through 22/08/2014 Reviewed by Money99 on 20:25:00 Rating: 5

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