Wednesday, 1 October 2014

Indices a flat end to the day

 NSENIFTY closed down -19.250 at 7,945.550.  Volume was 23% below average (neutral) and Bollinger Bands were 32% narrower than normal. 

   NSENIFTY is currently 12.9% 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 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 2 periods.     

Open              High            Low           Close          Volume___
7,960.500     7,977.500     7,936.700     7,945.550   112,997,912






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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                 8,015.24       7,904.26       7,036.45
  • Volatility:               17                14                15
  • Volume:           143,785,440    128,480,424    156,508,640
Asian indices closed mixed today. The rupee was trading at Rs 61.7 to the dollar at the time of writing. 






BANKNIFTY closed down -76.050 at 15,316.200.  Volume was 26% below average (neutral) and Bollinger Bands were 2% narrower than normal. 

Open     High      Low     Close     Volume___
15,370.70015,377.60015,270.95015,316.200  20,668,460







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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                15,723.50      15,608.01      13,460.02
  • Volatility:               27                21                26
  • Volume:            26,288,246     24,771,110     30,785,564



   BANKNIFTY is currently 13.8% 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 2 periods.  


  GOLDBEES closed down  -0.200 at 2,469.600.  Volume was 46% below average (neutral) and Bollinger Bands were 51% narrower than normal. 

Open     High      Low     Close     Volume___
2,469.8002,477.9002,464.5002,469.600      11,599

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                 2,477.67       2,549.35       2,668.88
  • Volatility:                 6                 9               12
  • Volume:                18,489         16,362         25,138



   GOLDBEES is currently 7.5% below its 200-period moving average and is in an downward trend.  Volatility is low as compared to the average volatility over the last 10 periods.  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 27 periods.     


 MCX closed down  -5.700 at 793.850.  Volume was 79% below average (consolidating) and Bollinger Bands were 49% narrower than normal. 

Open     High      Low     Close     Volume___
800.000  807.900  790.250  793.850     277,041

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  808.54         821.09         612.27
  • Volatility:                 43                48             68
  • Volume:               468,514        984,860      1,600,272

   MCX is currently 29.7% 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 moderate flows of volume out of MCX (mildly bearish).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 5 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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