Wednesday, 1 April 2015

Market Updates : Banks help markets gain over 1%

Indian markets finished today's trading day on a strong note. Broader indices gained over 1% as BSE Sensex gained 302 points while NSE-Nifty gained 95 points. Indian markets opened today's trading day on a weak note as core sectors growth data weighed over the Indian markets. Additionally, investors were also wary over the Greece crisis and Iran's inclusion in the nuclear deal got delayed. However, investors gained optimism towards the second half of the trading session. Banks gained investor attention towards the close while healthcare stocks remained strong throughout the trading session. 
 NSENIFTY closed up  95.250 at 8,586.250.  Volume was 18% below average (neutral) and Bollinger Bands were 12% wider than normal. 





  • Open             High              Low              Close         Volume___
  • 8,483.700    8,603.400    8,464.750    8,586.250   136,312,448



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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,508.33       8,715.95      8,174.85
  • Volatility:                     19               17             17
  • Volume:           177,462,544    185,956,064    152,372,656
   
   NSENIFTY is currently 5.0% 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 17 periods.     




BANKNIFTY closed up 411.199 at 18,617.850.  Volume was 18% below average (neutral) and Bollinger Bands were 11% wider than normal. 

  • Open                High                 Low             Close            Volume___
  • 18,204.551    18,668.850    18,131.400   18,617.850    45,673,068




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

Moving Averages: 10-period     50-period     200-period
Close:                18,357.08      19,146.29      17,147.88
Volatility:                   28             30             25
Volume:            56,937,140     64,995,364     39,682,092



   BANKNIFTY is currently 8.6% 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 moderate flows of volume out of BANKNIFTY (mildly bearish).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 35 periods.  



GOLDBEES closed up  14.650 at 2,413.600.  Volume was 19% below average (neutral) and Bollinger Bands were 22% narrower than normal. 

Open              High           Low              Close             Volume___
2,409.950    2,419.800    2,399.000   2,413.600      14,165

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

Moving Averages: 10-period     50-period     200-period
Close:                   2,405.52       2,472.31       2,502.93
Volatility:                   17               13               14
Volume:                 16,901         14,469         20,250


   GOLDBEES is currently 3.6% 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 1 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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