Tuesday, 3 March 2015

Today's Market : Nifty hits 9000, closes at record

NSENIFTY closed up  39.500 at 8,996.250.  Volume was 17% above average (neutral) and Bollinger Bands were 18% narrower than normal. 


  • Open              High                Low           Close         Volume___
  • 8,962.850    9,008.400    8,925.550   8,996.250    183,251,968

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  8,836.38       8,575.87       8,032.78
  • Volatility:              16                19                17
  • Volume:           190,287,888    165,367,888    156,828,352



   NSENIFTY is currently 12.0% above its 200-period moving average and is in an upward trend.  Volatility is   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 30 periods.     



BANKNIFTY closed down -46.900 at 19,961.199.  Volume was 21% above average (neutral) and Bollinger Bands were 16% narrower than normal. 


  • Open              High                  Low               Close          Volume___
  • 20,043.400    20,043.400    19,821.551    19,961.199  58,340,796

  • Technical Outlook 
  • Short Term:             Overbought
  • Intermediate Term:   Bearish
  • Long Term:               Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                  19,167.05      19,123.33      16,747.51
  • Volatility:                     35               29               26
  • Volume:               61,092,988     58,630,888     38,501,256



   BANKNIFTY is currently 19.2% above its 200-period moving average and is in an downward 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 BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 15 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.

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