Saturday, 1 November 2014

BSE Sensex today closed higher by 520 points, the NSE-Nifty closed higher by 153 points.

  NSENIFTY closed up 153.000 at 8,322.200.  Volume was 27% above average (neutral) and Bollinger Bands were 29% wider than normal. 

  • Open            High             Low             Close        Volume___
  • 8,200.800     8,330.750     8,198.050     8,322.200   176,165,088


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,019.85       7,985.56       7,181.80
  • Volatility:                  11             15             16
  • Volume:             131,156,792    135,348,528    156,878,272

NSENIFTY gapped up today (bullish) on normal volume.  Possibility of a Runaway Gap which usually signifies a continuation of the trend.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.
   NSENIFTY is currently 15.9% above its 200-period moving average and is in an upward 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 bullish on NSENIFTY and have had this outlook for the last 1 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  



BANKNIFTY closed up 285.000 at 17,045.051.  Volume was 15% above average (neutral) and Bollinger Bands were 95% wider than normal. 

  • Open              High               Low                Close        Volume___
  • 16,812.449     17,060.150      16,783.650     17,045.051  30,066,792

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   16,515.12      15,918.75      13,863.36
  • Volatility:                    16                 23               26
  • Volume:              21,064,822     24,572,944     30,690,382


BANKNIFTY gapped up today (bullish) on normal volume.  Possibility of a Runaway Gap which usually signifies a continuation of the trend.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.
   BANKNIFTY is currently 23.0% 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 moderate flows of volume into BANKNIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 6 periods.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition.  


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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