Tuesday, 23 September 2014

The Indian markets succumbed to selling pressure.

   NSENIFTY closed down -128 at 8,017.550.  Volume was 10% below average (neutral) and Bollinger Bands were 39% narrower than normal. 

 The Asian indices closed the day on a poor note. The European indices too have opened weak. The rupee was trading at Rs 60.95 to the dollar at the time of writing.

Open              High           Low            Close          Volume___
8,144.400     8,159.750     8,008.100     8,017.550     140,780,912




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





  • Moving Averages: 10-period     50-period     200-period
  • Close:                 8,063.58       7,856.60       6,985.49
  • Volatility:                18             15                15
  • Volume:           110,694,304    127,995,024    157,583,488


   NSENIFTY is currently 14.8% 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 28 periods.     

BANKNIFTY closed down -291.700 at 15,902.850.  Volume was 20% below average (neutral) and Bollinger Bands were 49% narrower than normal. 

Open              High                Low            Close         Volume___
16,194.400      16,240.550     15,894.550     15,902.850  23,894,196


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                16,086.67      15,546.49      13,344.19
  • Volatility:                21             22             27
  • Volume:            23,960,644     25,082,026     31,058,310


   BANKNIFTY is currently 19.2% above its 200-period moving average and is in an upward trend.  Volatility is   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 23 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.  



GOLDBEES closed up   9.950 at 2,478.900.  Volume was 21% below average (neutral) and Bollinger Bands were 25% narrower than normal. 

Open              High           Low           Close         Volume___
2,479.950     2,482.000     2,468.000     2,478.900      19,050

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,493.53       2,563.86       2,679.92
  • Volatility:            7             10             12
  • Volume:           19,696         16,739         25,450

   GOLDBEES is currently 7.5% 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 21 periods.     





 MCX closed down -18.150 at 806.950.  Volume was 74% below average (consolidating) and Bollinger Bands were 52% narrower than normal. 

Open     High      Low     Close     Volume___
822.000  831.000  804.400  806.950     368,297

  • Technical Outlook 
  • Short Term:          Neutral
  • Intermediate Term:   Bullish
  • Long Term:           Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:            820.43         815.37         601.81
  • Volatility:           31             55             68
  • Volume:          431,359      1,307,620      1,592,216


   MCX is currently 34.1% above its 200-period moving average and is in an upward 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 MCX at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on MCX and have had this outlook for the last 1 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.  


   

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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