Monday, 19 January 2015

The BSE-Sensex closing higher by 140 points and he NSE-Nifty closed higher by 37 points

The Indian markets ended the day on a firm note today, with the BSE-Sensex closing higher by 140 points or 0.5%. The NSE-Nifty closed higher by 37 points or 0.4%. Barring stocks from the IT space, buying was seen across the board with power and consumer durables stocks leading the pack. Mid and smallcaps were in favour today as well with their representative indices ending higher by about 0.5% and 0.8% respectively. 

Barring China (down 8%), Asian markets ended the day on a firm note; European stocks were trading mix at the time of writing. The Rupee was trading at 61.7 to the Dollar. 



  • Open            High           Low          Close       Volume___
  • 8,550.050    8,570.950    8,531.500    8,550.700   129,346,424

  • Technical Outlook 
  • Short Term:               Overbought
  • Intermediate Term:    Bullish
  • Long Term:                Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                    8,320.71       8,353.19       7,732.73
  • Volatility:                  26                18                16
  • Volume:                155,947,888    138,597,312    150,834,384


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 10.6% 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 moderate flows of volume into NSENIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 1 periods. 







BANKNIFTY closed up 182.900 at 19,406.051.  Volume was 30% above average (neutral) and Bollinger Bands were 24% narrower than normal. 

  • Open               High              Low            Close        Volume___
  • 19,345.650     19,434.199     19,299.100    19,406.051  43,457,728

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   18,804.54      18,336.20      15,782.48
  • Volatility:                  32               23                25
  • Volume:                52,520,344     40,453,056     33,121,368



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 23.0% 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 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 1 periods.    The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.  


GOLDBEES closed up  22.300 at 2,554.450.  Volume was 61% above average (neutral) and Bollinger Bands were 2% narrower than normal. 

  • Open         High      Low     Close     Volume___
  • 2,543.000    2,560.000    2,538.000    2,554.450      38,171

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   2,495.50       2,453.54       2,555.81
  • Volatility:                    19                16                15
  • Volume:                  20,907         23,210         25,263


   GOLDBEES is currently 0.1% below its 200-period moving average and is in an upward 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on GOLDBEES and have had this outlook for the last 4 periods.   


 MCX closed up   9.700 at 859.000.  Volume was 53% below average (consolidating) and Bollinger Bands were 23% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 849.200  864.000  849.200  859.000     232,688
  • Technical Outlook 
  • Short Term:                Neutral
  • Intermediate Term:     Bearish
  • Long Term:                 Bullish

  • Moving Averages: 10-period     50-period     200-period
  • Close:                     853.74         859.40         729.70
  • Volatility:                  23                37                54
  • Volume:                 366,244        495,767      1,074,760



   MCX is currently 17.7% 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 moderate flows of volume into MCX (mildly bullish).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 24 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.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil