Wednesday, 4 February 2015

Todays Market : Market slip toward the end


The 30-share index closed at 19,902.07, up 384.92 points or 1.97 per cent. It touched a high of 19,929.24 and a low of 19,583.97 in trade today. 


The Nifty ended at 5,909.70, up 129.65 points or 2.2 per cent. The index touched intraday high of 5,917.60 and a low of 5,802.70.
Sun Pharmaceutical's subsidiary and Intrexon have formed a joint venture to develop controllable gene-based therapics for treatment of ocular diseases that cause partial or total blindness.




  • Open     High      Low     Close     Volume___
  • 8,789.1508,792.8508,704.4008,723.700 201,252,368

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,819.02       8,445.05       7,851.09
  • Volatility:           13             19             16
  • Volume:      211,881,936    155,361,664    152,221,200

   NSENIFTY is currently 11.1% 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 NSENIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 12 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.  


Bank Nifty is very close to the area when the interest rate cut was announced on Thursday morning and then it gapped up. So that gap is between levels of around 18800 to about 19000 levels and it is very close to the support levels. But overall the structure is definitely weakened. Lot of PSU banks, while they did bounce back, were extremely oversold on the intraday charts. The short to medium term trends have been kind of more pushed on the slightly bigger corrective bias and we will see lower  

 BANKNIFTY closed down -208.949 at 19,174.000.  Volume was 103% above average (neutral) and Bollinger Bands were 66% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 19,423.25019,423.25019,113.35019,174.000  81,360,048

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         19,967.58      18,860.13      16,189.74
  • Volatility:           30             26             25
  • Volume:       77,716,192     50,836,244     35,287,908


   BANKNIFTY is currently 18.4% 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 12 periods.     

Asian stocks closed mixed today. European stock markets trading lower at the time of writing. The rupee was trading at Rs 61.79 to the dollar.






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.

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