Friday, 10 April 2015

Market Update : Indian Markets End Flat






Indian markets closed today's session on a flat note after opening weak and dropping over 100 points. BSE Sensex closed today's trading day with a loss of 6 points while NSE-Nifty closed the day with marginal gains of 2 points. BSE Mid Cap and BSE Small Cap stocks outperformed today's market. Smallcap stocks gained over 1% while midcap stocks edged moderately upwards by 0.3%. Banks, Capital Goods and Pharma stocks traded with a negative bias while rest of the stocks gained moderate positive momentum.

NSENIFTY closed up   2.050 at 8,780.350.  Volume was 14% below average (neutral) and Bollinger Bands were 9% narrower than normal. 





  • Open      High         Low       Close       Volume___
  • 8,774.350   8,787.400    8,733.600   8,780.350    141,464,352
  • Technical Outlook 
  • Short Term:              Overbought
  • Intermediate Term:    Bearish
  • Long Term:               Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                 8,584.63       8,716.35       8,202.84
  • Volatility:                19             17                16
  • Volume:            168,508,912    183,639,456    150,553,296

   NSENIFTY is currently 7.0% above its 200-period moving average and is in an downward trend.  Volatility is low as compared to the average volatility over the last 10 periods.  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 22 periods.     

BANKNIFTY closed down -75.000 at 18,800.850.  Volume was 3% below average (neutral) and Bollinger Bands were 21% narrower than normal. 





  •    Open     High      Low     Close     Volume___
  • 18,869.85018,896.50018,724.94918,800.850  54,223,552

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,423.08      19,029.52      17,227.37
  • Volatility:           29             30             25
  • Volume:       55,829,828     63,850,280     39,848,332


   BANKNIFTY is currently 9.1% above its 200-period moving average and is in an downward trend.  Volatility is low 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 40 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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