Friday, 19 September 2014

Today's Market : Small caps shine today

 NSENIFTY closed up   6.700 at 8,121.450.  Volume was 3% above average (neutral) and Bollinger Bands were 33% narrower than normal.

Asian indices closed on a mixed note today. The rupee was trading at Rs 60.80 to the dollar at the time of writing.

Open            High             Low            Close         Volume___
8,129.400     8,160.900     8,105.350     8,121.450    161,284,512






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





  • Moving Averages: 10-period     50-period     200-period
  • Close:                    8,079.88       7,836.38       6,966.64
  • Volatility:                   17                14               15
  • Volume:               108,608,976    131,603,952    158,035,344




   NSENIFTY is currently 16.6% 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 26 periods.    

                              ========================================



Sector Performance

                                 ========================================
                                     

 BANKNIFTY closed down  -4.699 at 16,152.150.  Volume was 22% below average (neutral) and Bollinger Bands were 46% narrower than normal. 

Open               High              Low              Close          Volume___
16,197.500     16,197.500     16,064.600     16,152.150   23,901,300





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



  • Moving Averages: 10-period     50-period     200-period
  • Close:                  16,113.28      15,499.60      13,295.89
  • Volatility:                   20                21               27
  • Volume:              23,462,350       25,797,340     31,132,256





   BANKNIFTY is currently 21.5% 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 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 21 periods.     



                                ========================================

GOLDBEES closed down  -6.250 at 2,479.850.  Volume was 20% above average (neutral) and Bollinger Bands were 28% narrower than normal. 

Open     High      Low     Close     Volume___
2,485.0002,485.0002,460.2002,479.850      29,359


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



  • Moving Averages: 10-period     50-period     200-period
  • Close:                  2,501.57       2,568.98       2,683.86
  • Volatility:                      7                12                13
  • Volume:                  20,247         17,173         25,558





   GOLDBEES is currently 7.6% 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 19 periods.  Our momentum oscillator is currently indicating that GOLDBEES is currently in an oversold condition.   

                                          ==================================


 MCX closed down -13.950 at 832.700.  Volume was 80% below average (consolidating) and Bollinger Bands were 51% narrower than normal. 

Open     High       Low          Close        Volume___
850.100  854.000   830.100     832.700     285,543

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                     820.17         810.58         598.38
  • Volatility:                    31                55               68
  • Volume:                  565,011      1,407,775      1,591,275


   MCX is currently 39.2% above its 200-period moving average and is in an downward trend.  Volatility is relatively normal 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 bearish on MCX and have had this outlook for the last 17 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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