Friday, 12 September 2014

Indian market remained range-bound.

Indian Markets end flat



   NSENIFTY closed up  19 point at 8,105.500  Volume was 30% below average (neutral) and Bollinger Bands were 13% narrower than normal. 

Open              High            Low             Close            Volume___
8,087.050     8,114.300     8,071.600     8,105.500     111,444,352



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

Moving Averages: 10-period         50-period         200-period
Close:                   8,102.03           7,804.68          6,917.30
Volatility:                  10                      14               15
Volume:               115,191,160    133,830,560    158,567,408


   NSENIFTY is currently 17.2% 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 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 21 periods.     
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Sector Performance

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           BANKNIFTY closed up  50 point at 16,254.150.  Volume was 28% below average (neutral) and Bollinger Bands were 15% narrower than normal. 

   Open                High                    Low               Close        Volume___
16,208.000     16,278.650     16,145.700     16,254.150    22,583,272

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

Moving Averages:   10-period        50-period         200-period
Close:                    16,124.29      15,433.68      13,167.48
Volatility:                     14                 22               27
Volume:                21,338,280     25,857,048     31,491,232


   BANKNIFTY is currently 23.4% 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 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 16 periods.    The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.  

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  GOLDBEES closed down -10 at 2,500.450.  Volume was 28% below average (neutral) and Bollinger Bands were 24% narrower than normal. 

Open           High              Low            Close           Volume___
2,501.050     2,508.800     2,491.000     2,500.450      18,101

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

Moving Averages:    10-period     50-period     200-period
Close:                   2,530.20       2,577.67       2,693.11
Volatility:                      6               12                13
Volume:                  16,636         16,359         25,522


   GOLDBEES is currently 7.2% below 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 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 14 periods.    The security price has set a new 14-period low while our momentum oscillator has not.  This is a bullish divergence.  
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  MCX closed down  -6 at 813.000.  Volume was 84% below average (consolidating) and Bollinger Bands were 48% narrower than normal. 

Open        High      Low       Close         Volume___
820.150  823.900  811.100  813.000     243,176



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

Moving Averages: 10-period     50-period     200-period
Close:                   829.42        795.00           589.58
Volatility:                 22               58                68
Volume:                530,760      1,621,409      1,588,823


   MCX is currently 37.9% 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 moderate flows of volume into MCX (mildly bullish).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 12 periods.     

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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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