Tuesday, 21 October 2014

Today's Market : Pharma, energy stocks not in favor today.

NSENIFTY closed up  48.350 at 7,927.750.  Volume was 17% above average (neutral) and Bollinger Bands were 0% wider than normal. 


   NSENIFTY is currently 11.5% 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 volume flowing into and out of NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 12 periods.    Our momentum oscillator has set a new 14-period high while the security price has not.  This is a bullish divergence.  

Open             High               Low            Close     Volume___
7,906.150     7,936.600      7,874.350     7,927.750    163,403,392

  • Technical Outlook 
  • Short Term:                Neutral
  • Intermediate Term:     Bearish
  • Long Term:                 Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                  7,859.89       7,927.91       7,110.76
  • Volatility:                   19               15               15
  • Volume:             162,579,008    132,181,056    154,246,016




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 Asia ended the day on a mixed note with Hong Kong up by 0.1%, while Japan and China ended lower by about 2% and 0.7% respectively. European stocks were trading firm at the time of writing. The rupee was trading at Rs 61.3 to the dollar at the time of writing.


USDINR


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 BANKNIFTY closed up 210.650 at 16,427.250.  Volume was 39% above average (neutral) and Bollinger Bands were 27% wider than normal. 

Open                High              Low            Close        Volume___
16,281.950     16,452.850     16,269.000     16,427.250  37,131,784


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                   15,726.35      15,684.58      13,657.08
  • Volatility:                 28                24                26
  • Volume:               28,211,048     24,706,234     30,543,130


   BANKNIFTY is currently 20.3% 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 12 periods.     



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   GOLDBEES closed up  55.550 at 2,563.650.  Volume was 497% above average (trending) and Bollinger Bands were 27% narrower than normal. 

Open              High            Low             Close         Volume___
2,517.000     2,565.000      2,517.000    2,563.650     125,239

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


  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,504.04       2,534.90       2,655.37
  • Volatility:           18             12             13
  • Volume:           31,644         20,060         25,374


GOLDBEES gapped up today (bullish) on heavy volume.  Possibility of a Breakaway Gap which usually signifies the beginning of a major market move.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.

   GOLDBEES is currently 3.5% 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 3 periods.   

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 MCX closed up  42.600 at 790.400.  Volume was 42% above average (neutral) and Bollinger Bands were 15% narrower than normal. 

Open     High      Low     Close     Volume___
752.800  799.000  742.000  790.400   1,784,560

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


  • Moving Averages: 10-period     50-period     200-period
  • Close:            765.79         809.87         628.47
  • Volatility:           43             44             65
  • Volume:          481,934        678,633      1,550,165


   MCX is currently 25.8% 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 MCX at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 15 periods.    Our momentum oscillator has set a new 14-period high while the security price has not.  This is a bullish 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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