Wednesday, 27 May 2015

Today's Market : PSU, banking stocks in favour today

Indian markets opened weak today following international cues, but gained a positive momentum towards the end of the trading session. Indian markets closed with BSE Sensex gaining about 44 points while NSE-Nifty, BSE Mid Cap and BSE Small Cap indices all ending the day on a flat note. Among sectoral indices, PSU was the star performer followed by banking and consumer durables stocks. However, IT and auto stocks weighed on the market.


European shares ascended today after sharp declines in the previous session. Asian indices ended the day's trading session on a mixed note with shares in Hong Kong and Singapore off the most. The rupee wiped off its early losses and was trading a tad strong at 63.96 at the time of writing.

 NSENIFTY closed down  -4.750 at 8,334.600.  Volume was 2% above average (neutral) and Bollinger Bands were 27% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 8,302.7508,342.8508,277.9508,334.600 170,583,408

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,357.33       8,448.13       8,317.74
  • Volatility:           12             20             17
  • Volume:      145,550,768    151,367,024    150,201,824



   NSENIFTY is currently 0.2% 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 0 periods.     




BANKNIFTY closed up 209.549 at 18,538.850.  Volume was 20% below average (neutral) and Bollinger Bands were 25% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 18,299.65018,561.50018,236.25018,538.850  47,772,488

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,379.73      18,361.84      17,701.67
  • Volatility:           12             27             26
  • Volume:       55,804,216     53,839,480     43,786,008




   BANKNIFTY is currently 4.7% 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 7 periods.     



GOLDBEES closed down  -6.800 at 2,466.200.  Volume was 53% below average (consolidating) and Bollinger Bands were 26% narrower than normal. 

  • Open     High      Low     Close     Volume___
  • 2,469.9502,473.7502,462.0002,466.200       6,837

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,496.68       2,448.19       2,484.89
  • Volatility:           12             14             14
  • Volume:           10,927         14,739         18,666

 
   GOLDBEES is currently 0.8% below 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 37 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.  




 MCX closed down  -9.700 at 1,071.900.  Volume was 65% below average (consolidating) and Bollinger Bands were 1% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 1,076.8501,083.0001,066.0001,071.900     191,465

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          1,094.70       1,095.50         924.20
  • Volatility:           40             51             49
  • Volume:          367,995        372,217        582,089



   MCX is currently 16.0% 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 MCX (mildly bullish).  Our trend forecasting oscillators are currently bullish on MCX and have had this outlook for the last 6 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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