Monday, 13 October 2014

Today's Market : NSE Indices post a comeback

NSENIFTY closed up  24.300 at 7,884.250.  Volume was 16% below average (neutral) and Bollinger Bands were 17% narrower than normal. 


   NSENIFTY is currently 11.4% 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 7 periods.     


Open            High            Low            Close          Volume___
7,831.000     7,901.150     7,796.000     7,884.250    118,781,368


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                    7,914.98        7,914.88       7,078.42
  • Volatility:                  16               15                15
  • Volume:               140,073,248    129,489,296    156,021,552




Asian indices closed on a mixed note today. The rupee was trading at Rs 61.28 to the dollar at the time of writing. 


Sector Performance 


BANKNIFTY closed up 223.700 at 15,677.500.  Volume was 4% below average (neutral) and Bollinger Bands were 19% wider than normal. 



Open     High      Low     Close     Volume___
15,360.70015,705.70015,301.65015,677.500  26,082,820

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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                 15,448.50      15,613.29      13,560.16
  • Volatility:                   32             23                 26
  • Volume:             26,690,540     24,441,224     30,697,924


   BANKNIFTY is currently 15.6% 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 7 periods.     



GOLDBEES closed up   7.750 at 2,494.000.  Volume was 12% below average (neutral) and Bollinger Bands were 67% narrower than normal. 

Open             High             Low           Close        Volume___
2,499.900     2,510.000     2,490.150    2,494.000      17,782

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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                  2,479.15       2,540.09       2,660.54
  • Volatility:                 9               10                12
  • Volume:                15,879          17,246         25,010


   GOLDBEES is currently 6.3% below its 200-period moving average and is in an downward trend.  Volatility is   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 32 periods.     


MCX closed up   1.000 at 771.200.  Volume was 85% below average (consolidating) and Bollinger Bands were 28% narrower than normal. 

Open         High           Low         Close      Volume___
764.000     781.450     764.000    771.200     193,461

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    782.26         813.64         621.52
  • Volatility:                  40              43               67
  • Volume:                436,355        687,792      1,593,172


   MCX is currently 24.1% 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 10 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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