Tuesday, 7 October 2014

Today's Market : Weakness all across

NSENIFTY closed down -93.150 at 7,852.400.  Volume was 1% above average (neutral) and Bollinger Bands were 23% narrower than normal. 

Open             High              Low           Close         Volume___
7,897.400      7,943.050     7,842.700    7,852.400    148,199,504


                 NSENIFTY is currently 11.5% above its 200-period moving average and is in an downward trend.  Volatility is   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 3 periods.     

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   7,989.00       7,907.63       7,044.17
  • Volatility:                   13               15                 15
  • Volume:             146,912,352    129,336,384    156,508,656



Asia ended the day on a mixed note with Hong Kong ending higher by about 0.5%, while Japan closed lower by 0.7%. European stocks were trading weak at the time of writing. The rupee was trading at Rs 61.36 to the dollar at the time of writing.



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BANKNIFTY closed down -135.950 at 15,180.250.  Volume was 26% below average (neutral) and Bollinger Bands were 12% wider than normal. 

Open               High                 Low        Close      Volume___
15,214.250     15,344.600    15,157.700    15,180250   20,601,316


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         15,625.84      15,603.90      13,477.00
  • Volatility:           23             21             26
  • Volume:       26,193,196     24,660,362     30,747,144


   BANKNIFTY is currently 12.6% 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 3 periods.    The security price has set a new 14-period low while our momentum oscillator has not.  This is a bullish divergence.  
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GOLDBEES closed down -10.550 at 2,459.050.  Volume was 62% above average (neutral) and Bollinger Bands were 53% narrower than normal. 

Open            High           Low             Close         Volume___
2,468.000     2,480.000    2,455.600      2,459.050      34,154

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   2,474.96       2,546.62       2,666.97
  • Volatility:                   6                9                12
  • Volume:                18,503         16,870         25,206


   GOLDBEES is currently 7.8% below 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 GOLDBEES (mildly bearish).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 28 periods.  Our momentum oscillator is currently indicating that GOLDBEES is currently in an oversold condition.  The security price has set a new 14-period low while our momentum oscillator has not.  This is a bullish divergence.  
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MCX closed down -11.900 at 781.950.  Volume was 83% below average (consolidating) and Bollinger Bands were 46% narrower than normal. 

Open     High      Low     Close     Volume___
785.900  804.800  780.300  781.950     229,884

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    802.07         819.76         614.11
  • Volatility:                  37                44                68
  • Volume:                414,594        791,754      1,598,553

   MCX is currently 27.3% 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 6 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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