Thursday, 25 September 2014

Indian market closes in red

NSENIFTY closed down -90.550 at 7,911.850.  Volume was 52% above average (neutral) and Bollinger Bands were 41% narrower than normal. 


Asia ended the day on a mixed note today with Japan and China closing higher by about 1.3% and 0.1% respectively, while markets in Hong Kong were down 0.6%. European stocks were trading firm at the time of writing. The rupee was trading at Rs 61.02 to the dollar at the time of writing.

Open             High            Low            Close           Volume___
8,003.300     8,019.300     7,877.350     7,911.850    231,899,008






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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                 8,037.02       7,876.61       7,003.25
  • Volatility:                    18             15             16
  • Volume:              139,823,232    129,820,688    157,938,912


   NSENIFTY is currently 13.0% above its 200-period moving average and is in an upward trend.  Volatility is extremely high when compared to the average volatility over the last 10 periods.  There is a good possibility that volatility will decrease and prices will stabilize in the near term.  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 30 periods.     


Sector Perfprmance



 BANKNIFTY closed down -441.250 at 15,299.050.  Volume was 45% above average (neutral) and Bollinger Bands were 35% narrower than normal. 

Open              High               Low              Close       Volume___
15,690.500     15,734.100     15,213.350    15,299.050    41,715,540




  • Technical Outlook 
  • Short Term:                Oversold
  • Intermediate Term:     Bullish
  • Long Term:                  Bullish

  • Moving Averages: 10-period     50-period     200-period
  • Close:                 15,955.01      15,588.54      13,387.55
  • Volatility:                    25             22             27
  • Volume:                25,669,394     25,212,292     31,136,506



   BANKNIFTY is currently 14.3% above its 200-period moving average and is in an upward trend.  Volatility is extremely high when compared to the average volatility over the last 10 periods.  There is a good possibility that volatility will decrease and prices will stabilize in the near term.  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 25 periods.     



GOLDBEES closed down -12.850 at 2,476.650.  Volume was 47% below average (neutral) and Bollinger Bands were 30% narrower than normal. 

Open     High      Low     Close     Volume___
2,486.0002,487.8502,474.0002,476.650      12,456


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   2,486.54       2,558.50       2,676.19
  • Volatility:                   7                10             12
  • Volume:                   19,879         16,294         25,360



   GOLDBEES is currently 7.5% below 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 moderate flows of volume out of GOLDBEES (mildly bearish).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 23 periods.     




   MCX closed down -28.150 at 774.700.  Volume was 64% below average (consolidating) and Bollinger Bands were 42% narrower than normal. 

Open     High      Low     Close     Volume___
814.400  817.950  765.100  774.700     511,496

  • Technical Outlook 
  • Short Term:          Oversold
  • Intermediate Term:   Bearish
  • Long Term:           Bullish

  • Moving Averages: 10-period     50-period     200-period
  • Close:            814.63         819.15         605.17
  • Volatility:           36             54             68
  • Volume:          436,463      1,277,685      1,593,719

   MCX is currently 28.0% above its 200-period moving average and is in an downward 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 volume flowing into and out of MCX at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on MCX 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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