Wednesday, 8 October 2014

Today's Market : Markets end lower after a volatile day

  NSENIFTY closed down  -9.700 at 7,842.700.  Volume was 7% below average (neutral) and Bollinger Bands were 15% narrower than normal. 


   NSENIFTY is currently 11.2% 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 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 4 periods.  

Open           High            Low           Close        Volume___
7,828.750    7,869.900    7,815.750    7,842.700    135,914,080

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                      7,961.13       7,909.12       7,052.20
  • Volatility:                  13                14                15
  • Volume:                 144,375,312    129,653,048    156,445,568


 Asia ended the day on a weak note with Hong Kong and Japan ending lower by about 0.7% and 1.2% respectively. European stocks were trading weak at the time of writing. The rupee was trading at Rs 61.47 to the dollar at the time of writing.



 BANKNIFTY closed up 163.750 at 15,344.000.  Volume was 28% below average (neutral) and Bollinger Bands were 19% wider than normal. 

Open             High              Low             Close         Volume___
15,130.350    15,371.800     15,130.350     15,344.000  19,840,588



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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   15,545.03      15,602.23      13,495.54
  • Volatility:                  25                21                26
  • Volume:             25,787,124     24,622,944     30,712,364


   BANKNIFTY is currently 13.7% above its 200-period moving average and is in an downward 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 bearish on BANKNIFTY and have had this outlook for the last 4 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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