Monday, 22 December 2014

Today's Market :Power stocks light up Dalal Street

NSENIFTY closed up  98.800 at 8,324.000.  Volume was 2% above average (neutral) and Bollinger Bands were 45% wider than normal. 


  • Open               High            Low          Close          Volume___
  • 8,255.000      8,330.950      8,228.200    8,324.000    139,159,664

  • Technical Outlook 
  • Short Term:               Neutral
  • Intermediate Term:     Bearish
  • Long Term:                Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,223.88       8,245.26       7,560.24
  • Volatility:                 20                15                15
  • Volume:               140,683,296    145,801,968    155,083,776




   NSENIFTY is currently 10.1% 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 7 periods.     



BANKNIFTY closed up 268.449 at 18,747.350.  Volume was 34% above average (neutral) and Bollinger Bands were 24% narrower than normal. 


  • Open                High               Low            Close       Volume___
  • 18,562.350     18,801.150      18,424.000    18,747.350  39,132,216

  • Technical Outlook 
  • Short Term:                Neutral
  • Intermediate Term:     Bearish
  • Long Term:                 Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                   18,308.02      17,441.63      15,122.77
  • Volatility:                  28                 22                25
  • Volume:               45,291,580     33,823,508     32,281,758


   BANKNIFTY is currently 24.0% 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 4 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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