Monday, 6 April 2015

Market Update : A strong start to the week





The Indian markets ended the day on a firm note as selected index heavy weights led the gains. The BSE-Sensex ended higher by 244 points .
NSENIFTY closed up  73.650 at 8,659.900.  Volume was 9% below average (neutral) and Bollinger Bands were 1% wider than normal. Midcaps and smallcaps shared the enthusiasm as the representative indices ended higher by 1.1% and 1.4% respectively. Amongst the sectoral indicespharmaceuticals and realty stocks were trading firm while the banking and metal stocks were amongst the key underperformers. 


  • Open             High             Low          Close        Volume___
  • 8,615.800    8,667.550     8,573.750    8,659.900    150,877,856





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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                    8,510.86       8,718.13       8,180.78
  • Volatility:                  20               17                  17
  • Volume:            175,687,488    186,386,688    151,873,744


     NSENIFTY is currently 5.9% 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 18 periods.    Our momentum oscillator has set a new 14-period high while the security price has not.  This is a bullish divergence.  


 BANKNIFTY closed down -12.400 at 18,605.449.  Volume was 15% below average (neutral) and Bollinger Bands were 1% wider than normal. 



  • Open               High            Low            Close       Volume___
  • 18,702.600    18,702.600     18,455.199    18,605.449  47,587,504






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



  • Moving Averages: 10-period     50-period     200-period
  • Close:                18,336.51      19,130.28      17,164.50
  • Volatility:               27              29                 25
  • Volume:              56,527,588     65,077,960     39,746,604


  

   BANKNIFTY is currently 8.4% above its 200-period moving average and is in an downward trend.  Volatility is extremely low when compared to the average volatility over the last 10 periods.  There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.  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 36 periods.     

 GOLDBEES closed up  50.100 at 2,463.700.  Volume was 13% above average (neutral) and Bollinger Bands were 15% narrower than normal. 



  • Open     High      Low     Close     Volume___
  • 2,425.0502,469.0002,425.0502,463.700      19,742

  • Technical Outlook 
  • Short Term:          Neutral
  • Intermediate Term:   Bullish
  • Long Term:           Bearish
  • Moving Averages: 10-period     50-period     200-period
  • Close:                  2,414.03       2,470.49       2,502.89
  • Volatility:               20               14               15
  • Volume:               17,464         14,100         20,245

   
GOLDBEES gapped up today (bullish) on normal volume.  Possibility of a Runaway Gap which usually signifies a continuation of the trend.  Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion.  Gaps acts as support/resistance.
   GOLDBEES is currently 1.6% below its 200-period moving average and is in an upward 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on GOLDBEES and have had this outlook for the last 2 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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