Monday, 29 December 2014

Todays Market : Auto stocks in demand today

 Indian share markets pared some of their gains and trended lower in the post-noon trading session, albeit closing the day on a firm note. The BSE-Sensex closed up by 154 points while the NSE-Nifty closed higher by 46 points. Both midcap and small cap stocks were in demand. BSE Mid Cap closed higher by 0.87% and BSE Small Cap index up by 0.53%. Barring banking stocks, most of the sectoral indices closed in green with auto stocks being the most favoured. 


  • Open             High           Low          Close        Volume___
  • 8,214.700     8,279.150    8,214.700    8,246.300  82,086,032

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,187.07       8,264.42       7,590.64
  • Volatility:                 22               15                15
  • Volume:                136,956,752    145,340,192    154,962,720



   NSENIFTY is currently 8.6% above 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 10 periods.    



BANKNIFTY closed down -28.850 at 18,528.350.  Volume was 12% below average (neutral) and Bollinger Bands were 35% narrower than normal. 

  • Open              High              Low            Close           Volume___
  • 18,589.600     18,700.699    18,501.051     18,528.350    26,414,596

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  18,354.24      17,623.27      15,241.35
  • Volatility:                   27               21               25
  • Volume:              43,116,976     34,606,980     32,552,608


   BANKNIFTY is currently 21.6% above 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 7 periods.    


GOLDBEES closed up   9.400 at 2,470.750.  Volume was 48% below average (neutral) and Bollinger Bands were 14% narrower than normal. 

  • Open             High          Low           Close          Volume___
  • 2,466.000    2,482.950    2,461.150    2,470.750      11,793


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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   2,469.49       2,455.77       2,581.28
  • Volatility:                  12               17                14
  • Volume:                 21,202         28,266         26,042


   GOLDBEES is currently 4.3% below 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on GOLDBEES and have had this outlook for the last 10 periods.     


 MCX closed up   9.650 at 841.650.  Volume was 45% below average (neutral) and Bollinger Bands were 16% narrower than normal. 

  • Open     High      Low     Close     Volume___
  • 835.000  854.400  835.000  841.650     313,277

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:            842.46         841.84         704.37
  • Volatility:           36             35             55
  • Volume:          313,655        494,195      1,130,857



   MCX is currently 19.5% above its 200-period moving average and is in an downward 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 MCX at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 9 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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