Thursday, 11 September 2014

Today's Market

Analysis of NSENIFTY & BANKNIFTY


Sector Performance Chart
   

   NSENIFTY closed down  -8.400 at 8,085.700.  Volume was 23% below average (neutral) and Bollinger Bands were 4% narrower than normal.

Open               High                Low                Close             Volume___
8,115             8,127             8,057                 8,085             122,818,160



Technical Outlook 

Short Term:                 Neutral
Intermediate Term:        Bullish
Long Term:                  Bullish

Moving Averages: 10-period     50-period     200-period
Close:                        8,086.92       7,795.27       6,906.77
Volatility:                        10                 14                 16
Volume:                 123,016,608    134,390,304    158,696,336


   NSENIFTY is currently 17.1% 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 20 periods.     


BANKNIFTY closed up  52.400 at 16,204.150.  Volume was 5% below average (neutral) and Bollinger Bands were 2% narrower than normal. 

Open                  High                  Low                Close               Volume___
16,197.300       16,309.700      16,166.850     16,204.150     30,041,684



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

Moving Averages: 10-period     50-period     200-period
Close:                   16,072.92      15,415.02      13,139.74
Volatility:                      14                22                 27
Volume:               21,787,396     25,902,006     31,565,868


   BANKNIFTY is currently 23.3% 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 15 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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