Thursday, 30 October 2014

Todays Market : A new high for the Sensex and realty , IT stocks being the top gainers today.

NSENIFTY closed up 154.650 at 8,169.200.  Volume was 20% below average (neutral) and Bollinger Bands were 7% narrower than normal. 

 BSE-Sensex today closed higher by 248 points, the NSE-Nifty closed higher by 79 points. Midcaps and Smallcaps to witnessed a rise today. While the BSE Mid Cap index closed the day higher by 0.7%, the BSE Small Cap index closed the day higher by 0.3%. Most sectoral indices too closed the day on a positive note, with realty and IT stocks being the top gainers today.

 Asian indices closed on a mixed note today with China leading the list of gainers. The rupee was trading at Rs 61.46 to the dollar at the time of writing. 

  • Open            High          Low            Close         Volume___
  • 8,064.350     8,181.55     07,985.650    8,169.200    610,863,104

  • Technical Outlook 
  • Short Term:               Neutral
  • Intermediate Term:    Bullish
  • Long Term:                Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,000.60       7,060.64       5,899.19
  • Volatility:                  27               37                45
  • Volume:             585,995,776    734,490,752    724,826,368



   NSENIFTY is currently 38.5% 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 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 55 periods.    The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.  

  BANKNIFTY closed up 290.000 at 16,760.051.  Volume was 37% below average (neutral) and Bollinger Bands were 28% narrower than normal. 

Open               High                 Low              Close         Volume___
16,538.900      16,776.350       16,470.850       16,760.051  92,038,288


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

Moving Averages: 10-period     50-period     200-period
Close:                   15,966.63      13,538.49      11,435.78
Volatility:                 39                 66             68
Volume:                 102,702,400    143,879,472    113,309,608


   BANKNIFTY is currently 46.6% 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 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 51 periods.    The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.  

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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