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.     

Today's Market : Nifty hits 9000, closes at record Today's Market : Nifty hits 9000, closes at record Reviewed by Money99 on 23:00:00 Rating: 5

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