Indian markets ended the day with moderate losses. Markets hovered between small gains and declines throughout the day, before ending the day on a dull note. The BSE-Sensex lost about 53 points while NSE-Nifty lost about 13 points. BSE Mid Cap and BSE Small Cap indices opposed the trend and finished the day higher by 1% each. Among sectoral indices, IT and Consumer Durables stocks lost the maximum while PSU and Realty stocks balanced the losses with some gains.
Barring Japan's Nikkei (down 1%), Asian stocks were broadly flat following weak data from China. European markets were seen falling at the open with concerns over volatility and tightening of financial conditions from the rise in bond prices.
The Indian Rupee advanced further by 15 paise to Rs 63.85 against the US dollar at the time of writing.
Analysis of NSENIFTY as of 14/05/2015
NSENIFTY closed down -11.250 at 8,224.200. Volume was 16% below average (neutral) and Bollinger Bands were 3% wider than normal.
- Open High Low Close Volume___
- 8,232.4508,236.2508,137.3008,224.200 138,964,400
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bearish
- Moving Averages: 10-period 50-period 200-period
- Close: 8,209.59 8,533.21 8,285.93
- Volatility: 30 21 17
- Volume: 152,116,704 160,496,816 149,452,592
NSENIFTY is currently 0.7% below 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 moderate flows of volume out of NSENIFTY (mildly bearish). Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 17 periods.
Analysis of BANKNIFTY as of 14/05/2015
BANKNIFTY closed up 18.750 at 18,116.199. Volume was 7% below average (neutral) and Bollinger Bands were 28% narrower than normal.
- Open High Low Close Volume___
- 18,071.00018,156.94917,806.10018,116.199 54,448,232
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 18,032.60 18,544.65 17,558.85
- Volatility: 42 32 26
- Volume: 64,341,472 55,588,868 42,588,864
BANKNIFTY is currently 3.2% 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 5 periods.
GOLDBEES closed up 32.300 at 2,516.600. Volume was 42% above average (neutral) and Bollinger Bands were 40% narrower than normal.
- Open High Low Close Volume___
- 2,524.0002,525.0002,493.0002,516.600 21,603
- Technical Outlook
- Short Term: Overbought
- Intermediate Term: Bullish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 2,471.08 2,437.00 2,489.10
- Volatility: 12 14 14
- Volume: 14,805 15,011 18,802
GOLDBEES is currently 1.1% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into GOLDBEES (mildly bullish). Our trend forecasting oscillators are currently bullish on GOLDBEES and have had this outlook for the last 28 periods.
Analysis of MCX as of 14/05/2015
MCX closed up 6.500 at 1,052.900. Volume was 35% below average (neutral) and Bollinger Bands were 2% narrower than normal.
- Open High Low Close Volume___
- 1,052.0001,083.0001,033.0001,052.900 381,397
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 1,016.01 1,113.18 910.71
- Volatility: 64 64 52
- Volume: 279,573 512,275 732,300
MCX is currently 15.6% 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 MCX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 25 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.
About Money99
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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