Thursday, 16 October 2014

Indian Markets see sharp decline

NSENIFTY closed down -115.800 at 7,748.200.  Volume was 50% above average (neutral) and Bollinger Bands were 7% narrower than normal. 


   NSENIFTY is currently 9.2% above its 200-period moving average and is in an downward trend.  Volatility is high as compared to the average volatility over the last 10 periods.  Our volume indicators reflect moderate flows of volume out of NSENIFTY (mildly bearish).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 9 periods.     

Open            High             Low           Close          Volume___
7,837.300     7,893.900     7,729.650    7,748.200    213,529,472


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:          7,888.13       7,916.32       7,094.56
  • Volatility:           16             15             15
  • Volume:      145,999,984    132,376,448    154,815,120



  • Asian indices too closed on a weak note today with Japan leading the list of losers. The rupee was trading at Rs 61.47 to the dollar at the time of writing. 


Sector Performance 

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BANKNIFTY closed down -209.950 at 15,541.600.  Volume was 14% above average (neutral) and Bollinger Bands were 10% wider than normal. 

Open               High              Low            Close        Volume___
15,690.350    15,836.150     15,477.050    15,541.600  30,855,086



  • Technical Outlook 
  • Short Term:                Neutral
  • Intermediate Term:     Bearish
  • Long Term:                 Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                   15,487.19      15,625.86      13,604.40
  • Volatility:                 25                23             26
  • Volume:              25,101,698     24,665,102     30,605,682

   BANKNIFTY is currently 14.2% above its 200-period moving average and is in an downward 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 9 periods.    

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 GOLDBEES closed up  41.250 at 2,539.600.  Volume was 133% above average (neutral) and Bollinger Bands were 54% narrower than normal. 



Open     High      Low     Close     Volume___
2,506.0002,545.0002,506.0002,539.600      46,791

  • Technical Outlook 
  • Short Term:              Overbought
  • Intermediate Term:   Bullish
  • Long Term:               Bearish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                     2,487.61       2,537.95       2,657.88
  • Volatility:                   12             11             13
  • Volume:                  18,461         17,804         25,000

   GOLDBEES is currently 4.5% below 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on GOLDBEES and have had this outlook for the last 0 periods.     

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MCX closed down -16.050 at 748.650.  Volume was 63% below average (consolidating) and Bollinger Bands were 19% narrower than normal. 

Open          High          Low        Close     Volume___
758.000     788.200     743.000     748.650     478,344

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  777.39          811.06          624.90
  • Volatility:                34             43               67
  • Volume:              385,902        669,905      1,575,943


   MCX is currently 19.8% 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 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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