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Thursday 19 February 2015

Todays Market : Small, mid caps outperform today

After opening the day on a positive note, the indices maintained their upward momentum through the day, closing well in the green. While the BSE Sensex today closed higher by 165 points, the NSE Nifty closed higher by 60 points. Smallcaps and midcaps too witnessed gains today. The BSE Mid Cap and the BSE Small Cap closed the day higher by 0.8% and 1% respectively. Sectoral indices closed the day on a mixed note, with consumer durables and power stocks being the top gainers today.

As regards global markets, Asian indices closed on a positive note today. The rupee was trading at Rs 62.24 to the dollar at the time of writing.

NSENIFTY closed up  59.750 at 8,869.100.  Volume was 1% below average (neutral) and Bollinger Bands were 22% narrower than normal.

Open             High            Low           Close          Volume___
8,811.550    8,894.300    8,808.900    8,869.100   152,152,800

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

Moving Averages: 10-period     50-period     200-period
Close:                    8,701.13       8,476.12       7,938.10
Volatility:                   15               19                 16
Volume:              176,227,968    155,740,976    153,843,376

   NSENIFTY is currently 11.7% above its 200-period moving average and is in an upward trend.  Volatility is low 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 21 periods.     

 BANKNIFTY closed up 106.551 at 19,296.500.  Volume was 5% above average (neutral) and Bollinger Bands were 36% wider than normal. 

  • Open                High                Low              Close       Volume___
  • 19,226.400    19,389.801    19,171.900     19,296.500  46,736,880

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         19,009.45      18,971.73      16,468.80
  • Volatility:           24             27             25
  • Volume:       72,736,856     55,147,304     37,136,836

   BANKNIFTY is currently 17.2% 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 6 periods.     


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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