Tuesday, 18 November 2014

Today's Market : Small caps steal the show

NSE-Niftyclosed lower by 5 points. Midcaps and Smallcaps witnessed a rise today. While the BSE Mid Cap index closed the day higher by 0.3%, the BSE Small Cap index closed the day higher by 0.9%. Sectoral indices closed the day on a mixed note, with capital goods and power stocks being the top gainers today. 
Nsenifty Volume was 2% below average (neutral) and Bollinger Bands were 85% wider than normal. 

  • Open            High            Low          Close         Volume___
  • 8,441.250    8,454.500    8,407.250    8,425.900   134,678,944
Nifty Future Chart

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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                     8,369.41       8,080.55       7,288.85
  • Volatility:                     4                 15               15
  • Volume:               135,682,960    137,566,720    155,536,432





   NSENIFTY is currently 15.6% 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 11 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  

ooooooooooOOOOOOOOOOoooooooooooo


BANKNIFTY closed up  62.150 at 17,702.551.  Volume was 6% below average (neutral) and Bollinger Bands were 54% wider than normal. 

  • Open             High               Low             Close        Volume___
  • 17,672.850    17,750.250     17,601.150    17,702.551  24,168,196
                                                      Banknifty Chart
  • Technical Outlook 
  • Short Term:                Overbought
  • Intermediate Term:      Bullish
  • Long Term:                  Bullish

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  17,444.65      16,292.31      14,185.52
  • Volatility:                   12                 22               26
  • Volume:               25,235,160     24,717,920     30,461,474

   BANKNIFTY is currently 24.8% 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 16 periods.   Our momentum oscillator is currently indicating that BANKNIFTY 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.  

                                      ooooooooooOOOOOOOOOOoooooooooooo

GOLDBEES closed up  10.350 at 2,440.750.  Volume was 37% above average (neutral) and Bollinger Bands were 89% wider than normal. 

  • Open            High           Low           Close       Volume___
  • 2,421.050     2,444.000    2,421.050   2,440.750      28,714

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    2,406.95       2,481.71       2,628.14
  • Volatility:                    16               14                 14
  • Volume:                   34,563         24,684         25,633

 
   GOLDBEES is currently 7.1% 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 9 periods.    Our momentum oscillator has set a new 14-period high while the security price has not.  This is a bullish divergence.  

ooooooooooooOOOOOOOOOOOOOOoooooooooooooooo

  MCX closed down  -5.250 at 865.700.  Volume was 66% below average (consolidating) and Bollinger Bands were 7% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 869.800  884.950  858.000  865.700     376,940

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   856.46         815.16         656.48
  • Volatility:                 40               36              59
  • Volume:                 433,545        479,834      1,303,343


   MCX is currently 31.9% 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 12 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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