Friday, 5 September 2014

NIFTY Spot closed up 132 point at 8,086 for the week.

NIFTY Spot closed up 132 point at 8,086  for the week.



   NSENIFTY closed down  -9.100 at 8,086.850.  Volume was 21% below average (neutral) and 
Bollinger Bands were 26% wider than normal. 



    Open                 High             Low              Close            Volume___

8,099.900             8,122           8,049           8,086           125,981,096



Technical Outlook 

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

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

Close:                          8,002.28              7,748.78            6,867.10
Volatility:                            7                         15                     16
Volume:                   136,724,432          138,737,680       160,136,144


  NSENIFTY is currently 17.8% 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 16 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  


BANKNIFTY closed down -51.050 at 15,982.500.  Volume was 33% below average (neutral) and 
Bollinger Bands were 21% wider than normal. 



Open                  High                  Low                Close               Volume___

16,030.450      16,111.000      15,891.750      15,982.500      21,486,912



Technical Outlook 

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

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

Close:                      15,883.97            15,331.08          13,036.69
Volatility:                         15                       22                     28
Volume:                   22,314,794          26,341,048        31,836,142


   BANKNIFTY is currently 22.6% 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 11 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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