Saturday, 23 May 2015

Market Update : A positive end to a volatile week for 22 May 2015

Indian equity markets opened the trading session on a strong note following global cues. The markets lost momentum in the afternoon session, but regained the thrust in the final hour. While the BSE-Sensex closed higher by 150 points, the NSE-Nifty closed higher by 40 points. The BSE Mid Cap and BSE Small Cap indices ended on a flat note.

Among sectoral indices, stocks from healthcare sector gained the most followed by information technology and capital goods. On the other hand, consumer durables, realty and metal stocks witnessed maximum selling activity.

Asian markets ended the week on a high with Nikkei and Shanghai Composite leading the index. The rupee was trading strong by 12 paise at 63.52 against the dollar in the afternoon session on continued dollar selling.

NSENIFTY closed up  37.950 at 8,458.950.  Volume was 15% above average (neutral) and Bollinger Bands were 29% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 8,432.5008,489.5508,420.6008,458.950 193,080,656

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,321.67       8,471.01       8,309.49
  • Volatility:           21             20             17
  • Volume:      141,608,112    153,571,904    149,920,544



   NSENIFTY is currently 1.8% 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 volume flowing into and out of NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 0 periods.     



BANKNIFTY closed down -79.850 at 18,433.301.  Volume was 84% above average (neutral) and Bollinger Bands were 24% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 18,560.85018,755.44918,354.55118,433.301 110,163,568

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,253.02      18,402.78      17,657.83
  • Volatility:           30             27             26
  • Volume:       66,442,964     54,225,036     43,516,068



   BANKNIFTY is currently 4.4% 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 volume flowing into and out of BANKNIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 4 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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