Wednesday, 20 August 2014

Today's Market : Pharma stocks close on firm footing

Analysed  of  NSENIFTY and Banknifty 


 NSENIFTY closed down -22.200 at 7,875.300.  Volume was 27% below average (neutral) and Bollinger Bands were 25% narrower than normal. 

Open                  High                   Low               Close              Volume___
7,915.800        7,922.700        7,864.050      7,875.300        117,321,408













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

Moving Averages:     10-period         50-period      200-period
Close:                        7,742.11           7,656.99       6,767.33
Volatility:                         15                  16                  16
Volume:                   112,682,872    140,616,144    162,351,856


   
   NSENIFTY is currently 16.4% above its 200-period moving average and is in an upward 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 bullish on NSENIFTY and have had this outlook for the last 5 periods.     
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 BANKNIFTY closed down -42.950 at 15,481.700.  Volume was 40% below average (neutral) and Bollinger Bands were 33% narrower than normal. 

Open                 High                  Low                  Close                Volume___
15,566.750      15,566.750      15,448.900      15,481.700        19,905,172













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

Moving Averages:     10-period         50-period          200-period
Close:                        15,111.14        15,191.53          12,775.26
Volatility:                           24                   24                     29
Volume:                     21,605,628     27,944,668     33,418,098


   BANKNIFTY is currently 21.2% 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 0 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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