Monday, 25 August 2014

Analysis of Nsenifty and Banknifty

        Analysis of  Nsenifty and Banknifty as of 25/08/2014

   The Indian markets lost ground in the final hours of trade. NSENIFTY closed down  -7 pnt at 7,906.300.  Volume was 26% below average (neutral) and Bollinger Bands were 12% narrower than normal. Midcaps and Smallcaps closed the day on a weak note. While the BSE Mid Cap index closed lower by 0.6%, the BSE Small Cap index closed the day lower by 0.4%. Metals and realty stocks were the biggest losers today.

As regards global markets, Asian indices closed on a mixed note today, with the Hong Kong and Japanese markets posting gains. The rupee was trading at Rs 60.42 to the dollar at the time of writing.




Open           High            Low            Close         Volume
7,931.75    7,968.25     7,897.95    7,906.30     118,465,592

Technical Outlook 

Short Term:                         Overbought

Intermediate Term:              Bullish

Long Term:                           Bullish


Moving Averages:     10-period            50-period              200-period

Close:                              7,824.19             7,672.54                 6,792.03

Volatility:                               9                           16                         16

Volume:                      123,143,720        136,910,208          160,967,968

   
   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 8 periods.   


BANKNIFTY closed down -150 pnt at 15,669.00  Volume was 32% below average (neutral) and Bollinger Bands were 18% narrower than normal. 

Open            High                  Low             Close               Volume___
15,817.55    15,973.35       15,625.45      15,669.00         22,469,544
   


Technical Outlook 

Short Term:                   Overbought

Intermediate Term:          Bullish

Long Term:                      Bullish


Moving Averages:      10-period          50-period          200-period

Close:                         15,350.05          15,207.68         12,841.20

Volatility:                             19                    24                    28

Volume:                       26,183,780     27,775,450     33,018,342


   BANKNIFTY is currently 22.0% 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 3 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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