Friday, 14 November 2014

Today's Market : Metal & realty shares steal the show

Sector Performance 


             Indian equity markets gathered some momentum and closed the day in the green. While the BSE-Sensex today closed higher by 106 points, the NSE-Nifty closed higher by 32 points. Even Midcaps and Smallcaps closed in the green today. Both BSE Mid Cap index and BSE Small Cap index closed higher by 0.52%. Metal & Realty stocks were the biggest gainers today. 

NSENIFTY closed up  32.051 at 8,389.900.  Volume was 6% above average (neutral) and Bollinger Bands were 104% wider than normal. 

  • Open            High            Low          Close       Volume___
  • 8,360.700   8,400.650    8,346.800    8,389.900   146,768,576


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  8,332.88       8,061.23       7,267.47
  • Volatility:                  11               15                15
  • Volume:               149,010,320    138,788,768    155,899,344




   NSENIFTY is currently 15.4% 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 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 9 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.  

As regards global markets, Asian pack closed strong today. The rupee was trading at Rs 61.85 to the dollar at the time of writing. 



BANKNIFTY closed up 123.801 at 17,576.801.  Volume was 5% above average (neutral) and Bollinger Bands were 82% wider than normal. 

  • Open                 High               Low           Close       Volume___
  • 17,460.551     17,601.150    17,410.500    17,576.801  27,021,000

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  17,290.87       16,214.62      14,118.82
  • Volatility:                  14               22                 26
  • Volume:              26,333,460     24,604,522     30,473,142

   BANKNIFTY is currently 24.5% 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 14 periods.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition.  

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GOLDBEES closed down  -3.850 at 2,390.450.  Volume was 30% below average (neutral) and Bollinger Bands were 100% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 2,394.3002,394.7002,384.6502,390.450      14,406

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,408.96       2,486.90       2,631.35
  • Volatility:           14             13             13
  • Volume:           35,685         23,803         25,447


   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 7 periods.     

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MCX closed down  -8.500 at 835.950.  Volume was 77% below average (consolidating) and Bollinger Bands were 18% wider than normal. 

Open     High      Low     Close     Volume___
844.050  855.000  831.000  835.950     250,551

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

Moving Averages: 10-period     50-period     200-period
Close:            848.63         814.44         652.67
Volatility:           32             37             59
Volume:          374,079        559,977      1,314,772



   MCX is currently 28.1% 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 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 10 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.


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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