Monday, 3 November 2014

Indian stock markets ended the day on a flat note

NSENIFTY closed up   1.950 at 8,324.150.  Volume was 3% above average (neutral) and Bollinger Bands were 52% wider than normal. 

   NSENIFTY is currently 15.7% 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 2 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  


Open            High           Low            Close       Volume___
8,348.150    8,350.600    8,297.650    8,324.150   141,090,160

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,074.29       7,996.21       7,192.47
  • Volatility:                   11                15              16
  • Volume:               143,843,824    136,750,544    155,996,528

Markets in other parts of Asia ended the day on a mixed note with China closing higher by 0.4% while Hong Kong ended lower by 0.3%. The rupee was trading at Rs 61.42 to the dollar at the time of writing.





BANKNIFTY closed up  89.049 at 17,134.100.  Volume was 8% above average (neutral) and Bollinger Bands were 104% wider than normal. 

Open              High             Low             Close           Volume___
17,087.000    17,168.400    16,934.850    17,134.100   27,947,948



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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                  16,635.54      15,959.64      13,893.79
  • Volatility:               12                23                26
  • Volume:              24,441,630     24,945,542     30,669,236


   BANKNIFTY is currently 23.3% 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 7 periods.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition.  


 GOLDBEES closed up   2.500 at 2,429.500.  Volume was 77% above average (neutral) and Bollinger Bands were 14% wider than normal. 

Open            High            Low           Close       Volume___
2,438.000    2,439.800    2,421.000    2,429.500      35,301


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  2,491.29       2,512.64       2,643.91
  • Volatility:                20               13               13
  • Volume:                  35,473         20,692         24,855

   GOLDBEES is currently 8.1% below 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 0 periods.  


 MCX closed up   5.700 at 836.450.  Volume was 76% below average (consolidating) and Bollinger Bands were 11% narrower than normal. 

Open     High      Low     Close     Volume___
829.700  841.400  826.150  836.450     278,778


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:            808.64         811.83         642.10
  • Volatility:           33             38             61
  • Volume:          563,406        616,890      1,429,804

   MCX is currently 30.3% 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 MCX (mildly bullish).  Our trend forecasting oscillators are currently bullish on MCX and have had this outlook for the last 3 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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