Friday, 5 December 2014

Market dull end to the week


NSENIFTY closed down -26.101 at 8,538.300.  Volume was 100% below average (consolidating) and Bollinger Bands were 34% narrower than normal. 

 Asia ended the day on a firm note, while sentiments in Europe seemed to be buoyant at the time of writing. The rupee was trading at Rs 61.85 to the dollar at the time of writing.


  • Open             High                Low        Close         Volume___
  • 8,584.250    8,588.350      8,523.900     8,538.300           0

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,527.24       8,191.82       7,440.83
  • Volatility:           10             14             15
  • Volume:      154,206,160    146,109,984    154,960,112





   NSENIFTY is currently 14.7% 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 24 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.  


 BANKNIFTY closed down -26.100 at 18,756.750.  Volume was 100% below average (consolidating) and Bollinger Bands were 30% wider than normal. 

  • Open              High             Low             Close      Volume___
  • 18,827.600    18,875.449    18,706.250    18,756.750           0

  • Technical Outlook 
  • Short Term:              Overbought
  • Intermediate Term:    Bullish
  • Long Term:                Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,409.72      16,858.13      14,682.59
  • Volatility:           19             23             25
  • Volume:       43,045,564     29,785,350     31,153,756




   BANKNIFTY is currently 27.7% 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 volume flowing into and out of BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 29 periods.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition.  

 GOLDBEES closed down -10.000 at 2,427.050.  Volume was 50% below average (consolidating)(neutral) and Bollinger Bands were 18% narrower than normal. 

  • Open            High            Low          Close        Volume___
  • 2,437.000    2,438.000    2,424.000   2,427.050      11,154

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   2,435.66       2,459.46       2,606.33
  • Volatility:                18               16               14
  • Volume:                29,037         27,354         26,114
   GOLDBEES is currently 6.9% 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 22 periods.     



 MCX closed down -10.700 at 877.300.  Volume was 13% below average (neutral) and Bollinger Bands were 53% narrower than normal. 

  • Open      High        Low      Close        Volume___
  • 888.900  901.900  872.000  877.300     676,555
  • Technical Outlook 
  • Short Term:               Neutral
  • Intermediate Term:    Bullish
  • Long Term:                Bullish
  Moving Averages: 10-period     50-period     200-period
  • Close:                     874.62         827.63         680.68
  • Volatility:                    28               37                 56
  • Volume:                 529,368        509,956      1,224,799

   MCX is currently 28.9% 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 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 25 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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