Monday, 9 February 2015

Selling pressure mars indices , BSE Sensex Tanks 490 Pts To Three-Week Low On Delhi Exit Polls Forecast

Markets today slumped for the seventh straight day, its longest losing streak in 15 months, with BSE Sensex losing over 490 points to end at about three-week low on exit polls showing that the Narendra Modi-led Bharatiya Janata Party (BJP) may not be able to form government in Delhi. Besides, the rupee depreciated against the dollar to over three-week low of 62.20 (intra-day) on sustained capital outflows which dampened market sentiments. The BSE Sensex, after opening lower at 28,566.50, to slide on selling pressure in bluechip companies, forcing the Sensex to touch a low of 28,183.32 before settling lower by 490.52, or 1.71 per cent, to close at 28,227.39. 
                       This is its weakest closing since January 16. As many as 24 stocks closed with losses, including L&T, GAIL, Cipla, SBI, M&M, Bharti Airtel, Tata Motors, Maruti Suzuki, ICICI Bank, TCS, Axis Bank, Hero MotoCorp, RIL, BHEL, HDFC Bank, ITC Ltd, Coal India, NTPC and HDFC Ltd. However, Dr Reddy, Bajaj Auto, Sun

 NSENIFTY closed down -134.700 at 8,526.350.  Volume was 0% below average (neutral) and Bollinger Bands were 45% wider than normal. 


  • Open              High              Low           Close        Volume___
  • 8,584.400     8,605.550      8,516.350     8,526.350    151,329,600

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,776.28       8,453.65       7,879.14
  • Volatility:                   14               19                17
  • Volume:             205,602,384    154,209,632    152,281,328



NSENIFTY gapped down today (bearish) 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 8.2% 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 15 periods.     


BANKNIFTY closed down -382.850 at 18,403.850.  Volume was 45% above average (neutral) and Bollinger Bands were 53% wider than normal. 

  • Open               High              Low             Close        Volume___
  • 18,650.000     18,667.051     18,379.600    18,403.850  60,429,344

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   19,608.46      18,899.08      16,278.99
  • Volatility:                 29                27                25
  • Volume:              80,087,328     52,307,572     35,777,776


BANKNIFTY gapped down today (bearish) 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 13.1% 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 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 0 periods.     



Asian stocks ended the day on a mixed note, while stocks in Europe were also trading mixed. The rupee was trading at Rs 62.05 to the dollar at the time of writing.



GOLDBEES closed down -43.150 at 2,506.850.  Volume was 10% below average (neutral) and Bollinger Bands were 18% wider than normal. 

  • Open               High           Low          Close          Volume___
  • 2,524.400      2,524.400     2,502.200    2,506.850      20,852

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    2,554.01       2,492.72       2,546.75
  • Volatility:                  15                16               15
  • Volume:                13,194         19,564         24,917



GOLDBEES gapped down today (bearish) 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.
   GOLDBEES is currently 1.6% 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 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 18 periods.     


  MCX closed down  -0.150 at 850.300.  Volume was 65% below average (consolidating) and Bollinger Bands were 55% narrower than normal. 

  • Open     High      Low     Close     Volume___
  • 844.500  862.500  841.150  850.300     170,008

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:            863.75         860.17         754.86
  • Volatility:           20             34             53
  • Volume:          362,580        461,614      1,042,174



   MCX is currently 12.6% above its 200-period moving average and is in an upward 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 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 13 periods.    

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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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