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.     

Today's Market :Power stocks light up Dalal Street Today's Market :Power stocks light up Dalal Street Reviewed by Money99 on 23:48:00 Rating: 5

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