Wednesday, 20 August 2014

Small-caps and mid-caps shine in market rally

Small-caps and mid-caps shine in market rally


Analysis of NSENIFTY as of 19/08/2014

NSENIFTY closed up  23.250 at 7,897.500.  Volume was 13% below average (neutral) and Bollinger Bands were 29% narrower than normal. 

Open              High            Low             Close              Volume___
7,901.000    7,918.550    7,881.150     7,897.500     140,615,184




Short Term:          Overbought
Intermediate Term:   Bullish
Long Term:           Bullish

Moving Averages:      10-period          50-period         200-period
Close:                                7,729.24        7,652.58            6,758.46
Volatility:                                15                   16                16
Volume:                         113,774,608    142,907,312    162,496,960


NSENIFTY gapped up today (bullish) on normal volume.  Possibility of a Runaway Gap which usually signifies a continuation of the trend.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.
   NSENIFTY is currently 16.9% 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 moderate flows of volume into NSENIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 4 periods.  

As regards global markets, Asian indices closed on a positive note today, with the Korean and Hong Kong markets seeing the biggest gains. The rupee was trading at Rs 60.72 to the dollar at the time of writing. 

Analysis of BANKNIFTYas of 19/08/2014

   BANKNIFTY closed up  84.900 at 15,524.650.  Volume was 4% below average (neutral) and Bollinger Bands were 34% narrower than normal.

Open                  High             Low             Close             Volume___
15,507.0 50    15,624.350    15,469.850    15,524.650      31,942,362



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

Moving Averages:    10-period         50-period         200-period
Close:                        15,092.29           15,193.25      12,751.72
Volatility:                           24                 24                     29
Volume:                     22,357,472         28,384,896      33,459,438


BANKNIFTY gapped up today (bullish) on normal volume.  Possibility of a Runaway Gap which usually signifies a continuation of the trend.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.
   BANKNIFTY is currently 21.7% above its 200-period moving average and is in an downward 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 bearish on BANKNIFTY and have had this outlook for the last 6 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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