Wednesday, 22 April 2015

Market Updates : Indian Markets rebound in the last hour for 22 April 2015

The Indian equity markets gathered steam in the last hour of trade and closed the day on a firm note. While the BSE Sensextoday closed higher by 214 points, the NSE-Nifty closed higher by 52 points. However, Midcaps and Smallcaps closed flat today. While the BSE Mid Cap index was up by 0.38% the BSE Small Cap index closed lower by 0.04%. Capital goods and healthcare stocks were the biggest gainers today. However, IT stocks ended the day in the red.

FII Statistic 

As regards global markets, Asian pack closed mixed today. The rupee was trading at Rs 62.91 odd levels to the dollar at the time of writing.





NSENIFTY closed up  51.950 at 8,429.700.  Volume was 10% above average (neutral) and Bollinger Bands were 5% wider than normal. 


  • Open              High             Low            Close        Volume___
  • 8,400.400    8,449.950    8,284.700   8,429.700  176,926,944 
  • Technical Outlook 
  • Short Term:              Oversold
  • Intermediate Term:    Bearish
  • Long Term:               Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                  8,642.55       8,682.13       8,238.76
  • Volatility:                 17               18               17
  • Volume:           108,550,560    165,381,440    148,363,792

   NSENIFTY is currently 2.3% above its 200-period moving average and is in an downward 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 bearish on NSENIFTY and have had this outlook for the last 2 periods.     


BANKNIFTY closed up 137.949 at 18,243.699.  Volume was 13% above average (neutral) and Bollinger Bands were 36% narrower than normal. 

  • Open            High                  Low            Close           Volume___
  • 18,196.850   18,297.199   17,798.650   18,243.699  61,974,248
  • Technical Outlook 
  • Short Term:                Neutral
  • Intermediate Term:     Bearish
  • Long Term:                Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                   18,505.27      18,811.86      17,340.86
  • Volatility:                20               27              25
  • Volume:               40,483,720     56,556,500     39,944,120


   BANKNIFTY is currently 5.2% above its 200-period moving average and is in an downward trend.  Volatility is relatively normal 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 47 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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