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.