Wednesday, 12 November 2014

Today's Market : Auto stocks lead the day & Economic outlook

   




  • Open               High              Low           Close      Volume___
  • 8,378.900      8,415.050     8,370.500     8,383.300   125,243,328

Nifty Future Chart

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,269.91       8,042.49       7,246.55
  • Volatility:                    11                15               15
  • Volume:              148,834,528    138,532,080    155,809,456





   NSENIFTY is currently 15.7% 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 moderate flows of volume into NSENIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 7 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  

As regards to the global markets, the Asian pack closed mixed today with Hong Kong leading the gains. The rupee was trading at Rs 61.66 to the dollar at the time of writing.




BANKNIFTY closed up 196.852 at 17,587.051.  Volume was 5% above average (neutral) and Bollinger Bands were 101% wider than normal. 

  • Open             High              Low             Close        Volume___
  • 17,461.449    17,635.900     17,453.449     17,587.051  27,093,290


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:         17,117.99      16,139.88      14,054.05
  • Volatility:           12             22             26
  • Volume:       24,973,320     24,461,794     30,507,038



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 25.1% 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 12 periods.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition.  

GOLDBEES closed up  11.050 at 2,393.250.  Volume was 21% below average (neutral) and Bollinger Bands were 85% wider than normal. 

  • Open             High            Low             Close        Volume___
  • 2,395.000     2,403.500     2,391.050     2,393.250      16,312


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,428.22       2,493.65       2,635.05
  • Volatility:           14             14             14
  • Volume:           35,554         23,681         25,444


   GOLDBEES is currently 9.2% 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 5 periods.   
  

MCX closed up   1.250 at 859.700.  Volume was 74% below average (consolidating) and Bollinger Bands were 24% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 861.400  872.900  854.000  859.700     298,903


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                    844.66         813.79         649.44
  • Volatility:                   29                38               60
  • Volume:                   397,441        569,752      1,330,621



   MCX is currently 32.4% 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 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 8 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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