Monday, 15 December 2014

Todays Market : Banking stocks standout today

The 30-share index closed at 19,902.07, up 384.92 points or 1.97 per cent. It touched a high of 19,929.24 and a low of 19,583.97 in trade today. 
NSENIFTY closed down  -4.500 at 8,219.600.  Volume was 1% below average (neutral) and Bollinger Bands were 5% narrower than normal. 



  • Open             High         Low           Close          Volume___
  • 8,160.750    8,242.400    8,152.500    8,219.600     137,140,608

  • Technical Outlook 
  • Short Term:                 Oversold
  • Intermediate Term:       Bearish
  • Long Term:                   Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,403.63       8,222.96       7,508.68
  • Volatility:                  10               13               15
  • Volume:              128,989,064    144,454,320    154,523,120

   NSENIFTY is currently 9.5% 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 2 periods.     




BANKNIFTY closed up  72.900 at 18,372.650.  Volume was 46% above average (neutral) and Bollinger Bands were 8% narrower than normal. 

  • Open             High               Low            Close         Volume___
  • 18,176.699     18,470.051     18,157.250   18,372.650   41,440,080


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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                   18,508.23      17,156.04      14,927.24
  • Volatility:                   14                20                25
  • Volume:                38,993,324     31,557,500     31,672,666


   BANKNIFTY is currently 23.1% 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 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 35 periods.     


   GOLDBEES closed down  -4.950 at 2,481.300.  Volume was 41% below average (neutral) and Bollinger Bands were 21% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 2,487.0002,490.9502,466.3002,481.300      13,583

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,451.54       2,457.64       2,596.61
  • Volatility:           15             17             14
  • Volume:           20,067         27,337         26,207



   GOLDBEES is currently 4.4% 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 2 periods.     


 MCX closed down  -8.600 at 855.450.  Volume was 64% below average (consolidating) and Bollinger Bands were 58% narrower than normal. 

  • Open     High      Low     Close     Volume___
  • 855.000  866.700  851.100  855.450     220,045

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:            869.38         833.27         691.55
  • Volatility:           27             34             56
  • Volume:          577,679        516,637      1,208,114


   MCX is currently 23.7% above its 200-period moving average and is in an downward 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 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 1 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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