Wednesday, 3 September 2014

Markets close record high

                     Analysis of  NSENIFTY &  BANKNIFTY 



NSENIFTY closed up  31 point at 8,114.600.  Volume was 6% below average (neutral) and Bollinger

Bands were 21% wider than normal.


Open     High       Low      Close        Volume___

8,110    8,141     8,092    8,114       150,726,992



Technical Outlook 

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


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

Close:                         7,960.64             7,726.60           6,846.22
Volatility:                          6                        15                    16
Volume:                   133,252,584        135,940,544       160,381,600

  
   NSENIFTY is currently 18.5% above its 200-period moving average and is in an upward trend.  Volatility is extremely low when compared to the average volatility over the last 10 periods.  There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.  Our volume indicators reflect very strong flows of volume into NSENIFTY (bullish). Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 14 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  


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BANKNIFTY closed down -20.550 at 16,110.000.  Volume was 6% below average (neutral) and 

Bollinger Bands were 18% wider than normal. 



Open                  High                   Low                Close          Volume___

16,208.550     16,208.550     16,048.100     16,110.000      30,657,042



Technical Outlook 

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



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

Close:         15,796.75      15,298.47      12,982.14
Volatility:           15             22             28
Volume:       25,608,678     26,994,344     32,211,600


   BANKNIFTY is currently 24.1% 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 BANKNIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 9 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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