Friday, 22 August 2014

Analysed Of NSENIFTY And Banknifty.

Analysed Of NSENIFTY And Banknifty As Of 21/08/2014

   NSENIFTY closed up  15.800 at 7,891.100.  Volume was 28% below average (neutral) and Bollinger Bands were 21% narrower than normal.

Open                  High           Low               Close                 Volume___
7,875.350     7,919.650      7,855.950      7,891.100      115,221,672


















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

Moving Averages:      10-period            50-period             200-period
Close:                         7,764.02            7,661.69                6,775.69
Volatility:                          13                       16                          16
Volume:                   112,568,904        139,147,184         161,941,232



   NSENIFTY is currently 16.5% 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 6 periods.     

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   BANKNIFTY closed up 180.500 at 15,662.200.  Volume was 4% above average (neutral) and Bollinger Bands were 28% narrower than normal. 

Open                High                 Low              Close                Volume___
15,475.500     15,721.950     15,462.500     15,662.200      34,520,564
















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

Moving Averages:      10-period           50-period             200-period
Close:                        15,176.50              15,196.22                 12,797.37
Volatility:                         21                           24                            28
Volume:                   22,931,892             28,025,720             33,322,550


   BANKNIFTY is currently 22.4% 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 1 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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