Friday, 23 January 2015

As compared to last week, the Sensex closed higher by about 4.1%.

 NSENIFTY closed up  74.199 at 8,835.600.  Volume was 40% above average (neutral) and Bollinger Bands were 72% wider than normal. 


  • Open              High            Low            Close         Volume___
  • 8,827.950     8,866.400     8,795.400     8,835.600   197,124,704

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    8,548.07       8,385.09       7,776.50
  • Volatility:                   16                 18                 16
  • Volume:               165,459,040    142,536,608    150,961,664





NSENIFTY gapped up today (bullish) on normal volume.  Possibility of a Runaway Gap which usually signifies a continuation of the trend.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.
   NSENIFTY is currently 13.6% above 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 very strong flows of volume into NSENIFTY (bullish). Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 5 periods.   Our momentum oscillator is currently indicating that NSENIFTY is currently in an overbought condition.  


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BANKNIFTY closed up 155.049 at 20,072.699.  Volume was 72% above average (neutral) and Bollinger Bands were 37% wider than normal. 

  • Open                 High              Low              Close       Volume___
  • 20,133.850     20,167.650      19,967.350     20,072.699  60,572,192

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   19,357.23      18,536.48      15,933.14
  • Volatility:                   21              23                  24
  • Volume:               54,934,400     43,219,180     33,663,236



BANKNIFTY gapped up today (bullish) on normal volume.  Possibility of a Runaway Gap which usually signifies a continuation of the trend.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.
   BANKNIFTY is currently 26.0% above 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 moderate flows of volume into BANKNIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 5 periods.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition.  

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  GOLDBEES closed up   6.350 at 2,577.300.  Volume was 35% below average (neutral) and Bollinger Bands were 65% wider than normal. 

  • Open             High           Low           Close         Volume___
  • 2,573.250    2,585.400    2,571.600    2,577.300      15,627

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    2,535.13       2,468.42       2,552.94
  • Volatility:                   16                16                 15
  • Volume:                   24,311         22,458         25,453


  
   GOLDBEES is currently 1.0% above 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 moderate flows of volume into GOLDBEES (mildly bullish).  Our trend forecasting oscillators are currently bullish on GOLDBEES and have had this outlook for the last 8 periods.     

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   MCX closed up   2.250 at 870.500.  Volume was 7% above average (neutral) and Bollinger Bands were 25% narrower than normal. 

  • Open     High      Low     Close     Volume___
  • 872.000  885.000  851.700  870.500     536,615

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   861.35         860.18         737.21
  • Volatility:                    19               37              54
  • Volume:                 402,906        511,505      1,075,310


   MCX is currently 18.1% above 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 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 3 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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