Friday, 29 May 2015

Market Update : A positive end to a dull week for 29 May 2015

Indian equity markets traded firm in today's session despite negative global cues. The Indian indices began the day's proceedings on a firm note and the afternoon session saw them inching upwards as buying intensified across index heavyweights. The BSE Sensex closed higher by 358 points while NSE-Nifty closed higher by 115 points. BSE Mid Cap and BSE Small Cap outperformed today, closing 1.2% and 1.4% higher respectively. Barring realty, all other BSE sectoral indices were trading in the green. Among them, auto index gained the most, followed by infrastructure and healthcare.

Asian markets finished mixed. The Nikkei 225 gained 0.06%, while the Shanghai Composite led the Hang Seng lower. They fell 0.18% and 0.17% respectively. European stocks drop as Greece worries persist. The rupee was trading strong by at 63.76 in the post noon session.

 NSENIFTY closed up 114.650 at 8,433.650.  Volume was 119% above average (neutral) and Bollinger Bands were 27% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 8,327.1008,443.9008,305.7008,433.650 375,232,192

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,383.94       8,437.57       8,323.80
  • Volatility:           14             20             17
  • Volume:      179,748,640    156,600,560    151,923,376


   NSENIFTY is currently 1.3% 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 2 periods.     

 BANKNIFTY closed up 272.150 at 18,721.350.  Volume was 4% below average (neutral) and Bollinger Bands were 21% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 18,486.40018,751.19918,461.44918,721.350  58,085,376

  • Technical Outlook 
  • Short Term:          Overbought
  • Intermediate Term:   Bullish
  • Long Term:           Bullish

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,466.85      18,352.91      17,734.86
  • Volatility:           15             27             26
  • Volume:       57,719,724     54,511,092     44,216,872


   BANKNIFTY is currently 5.6% above its 200-period moving average and is in an upward trend.  Volatility is high as compared to the average volatility over the last 10 periods.  Our volume indicators reflect moderate flows of volume into BANKNIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 9 periods.   

  GOLDBEES closed down  -2.200 at 2,459.850.  Volume was 60% below average (consolidating) and Bollinger Bands were 23% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 2,455.0502,469.6002,454.0002,459.850       5,804

  • Technical Outlook 
  • Short Term:          Oversold
  • Intermediate Term:   Bearish
  • Long Term:           Bearish

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,486.55       2,450.94       2,483.86
  • Volatility:            9             14             14
  • Volume:            9,027         14,386         18,581


   GOLDBEES is currently 1.0% below 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 1 periods.     

  MCX closed up  37.000 at 1,096.500.  Volume was 32% below average (neutral) and Bollinger Bands were 0% wider than normal. 


  • Open     High      Low     Close     Volume___
  • 1,059.5001,117.0001,048.0001,096.500     378,154

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          1,094.46       1,092.77         926.74
  • Volatility:           35             51             49
  • Volume:          275,553        369,387        576,167


   MCX is currently 18.3% above its 200-period moving average and is in an upward trend.  Volatility is relatively normal as compared to the average volatility over the last 10 periods.  Our volume indicators reflect moderate flows of volume into MCX (mildly bullish).  Our trend forecasting oscillators are currently bullish on MCX and have had this outlook for the last 8 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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