Monday, 10 November 2014

Indian share markets had a volatile outing today

 NSENIFTY closed up   7.250 at 8,344.250.  Volume was 5% below average (neutral) and Bollinger Bands were 93% wider than normal. 

  • Open           High           Low           Close          Volume___
  • 8,337.800    8,383.050    8,304.450    8,344.250    130,749,016


Nifty Future Chart
  • Technical Outlook 
  • Short Term:                 Overbought
  • Intermediate Term:       Bullish
  • Long Term:                   Bullish

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,195.94         8,023.66       7,225.04
  • Volatility:                    11               15               16
  • Volume:               139,355,648     137,972,928    156,047,840


   NSENIFTY is currently 15.5% above its 200-period moving average and is in an upward trend.  Volatility is low 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 5 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  



 The Asian markets largely ended the day on a positive note. The rupee is trading at 61.70 to the US dollar.




BANKNIFTY closed down -84.650 at 17,262.400.  Volume was 28% below average (neutral) and Bollinger Bands were 106% wider than normal. 

  • Open              High              Low             Close         Volume___
  • 17,364.650     17,412.000     17,203.000     17,262.400  18,619,468


Banknifty Future Chart

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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                  16,922.93      16,069.96      13,988.29
  • Volatility:                   12               22                26
  • Volume:              22,605,714     24,801,180     30,568,754


   BANKNIFTY is currently 23.4% 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 very strong flows of volume into BANKNIFTY (bullish). Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 10 periods.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition.  



GOLDBEES closed up  21.900 at 2,412.100.  Volume was 23% above average (neutral) and Bollinger Bands were 58% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 2,415.0002,450.0002,408.0002,412.100      25,409


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,452.36       2,501.00       2,638.74
  • Volatility:           14             13             13
  • Volume:           35,034         23,119         25,336


   GOLDBEES is currently 8.6% below 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 3 periods.     



  MCX closed down -21.350 at 850.350.  Volume was 74% below average (consolidating) and Bollinger Bands were 21% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 873.000  876.650  845.250  850.350     299,487


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:            835.22         813.66         646.18
  • Volatility:           30             38             61
  • Volume:          473,369        607,431      1,357,965



   MCX is currently 31.6% above its 200-period moving average and is in an upward trend.  Volatility is relatively normal as compared to the average volatility over the last 10 periods.  Our volume indicators reflect very strong flows of volume into MCX (bullish). Our trend forecasting oscillators are currently bullish 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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