Friday, 12 June 2015

Market Updates : A flat end to the week updates for 12 June 2015

The Indian indices ended on a flat note today after a volatile day of trading. While the morning session witnessed buying activity, these were pared in the subsequent hours. The final trading hour saw the indices close above the dotted line. The BSE-Sensex closed higher by 52 points, the NSE-Nifty closed higher by 17 points. The S&P BSE Midcap inched higher by 0.4% while S&P BSE Smallcap closed lower by 0.3%. Losses were largely seen in banking and auto stocks.

As regards to major global markets, Asian markets finished broadly higher today. The Hang Seng was up 1.39%, while China's Shanghai Composite was up 0.87% and Japan's Nikkei 225 was up 0.12%. European stock markets are trading lower today with uncertainty lingering over Greece's debt crisis. The Indian rupee showed weakness for second day running and depreciated further by 7 paise to Rs 64.04 against the American dollar.

NSENIFTY closed up  17.550 at 7,982.900.  Volume was 16% below average (neutral) and Bollinger Bands were 13% wider than normal. 


Open             High               Low              Close         Volume___7,959.850   7,995.600    7,940.300    7,982.900    140,839,872 

Technical Outlook Short Term:              NeutralIntermediate Term:   BearishLong Term:              Bearish 

Moving Averages: 10-period     50-period     200-periodClose:                  8,118.96       8,353.06       8,345.81Volatility:                 20              20                 18Volume:           151,402,848    150,782,896    153,023,248


   NSENIFTY is currently 4.3% 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 8 periods.     


 BANKNIFTY closed up 219.150 at 17,523.551.  Volume was 6% below average (neutral) and Bollinger Bands were 10% wider than normal. 


Open                High                   Low              Close         Volume___17,298.449    17,551.350     17,174.699    17,523.551  56,900,276

Technical Outlook Short Term:               NeutralIntermediate Term:    BearishLong Term:               Bearish

Moving Averages: 10-period     50-period     200-periodClose:                  17,704.19      18,194.71      17,864.82Volatility:                 27               28                 26Volume:              60,520,084     55,164,020     46,048,180


   BANKNIFTY is currently 1.9% below 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 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 6 periods.     


GOLDBEES closed up  16.000 at 2,444.450.  Volume was 8% above average (neutral) and Bollinger Bands were 12% narrower than normal. 


Open     High      Low     Close     Volume___2,439.4002,449.0002,431.1002,444.450      14,457

Technical Outlook Short Term:          NeutralIntermediate Term:   BearishLong Term:           Bearish
Moving Averages: 10-period     50-period     200-periodClose:          2,451.22       2,461.22       2,476.39Volatility:           10             13             14Volume:           14,306         13,879         18,222

   GOLDBEES is currently 1.3% 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 11 periods.     

  MCX closed down  -7.950 at 954.950.  Volume was 65% below average (consolidating) and Bollinger Bands were 4% wider than normal. 


Open     High      Low     Close     Volume___965.700  972.900  950.000  954.950     185,018

Technical Outlook Short Term:          OversoldIntermediate Term:   BearishLong Term:           Bullish
Moving Averages: 10-period     50-period     200-period
Close:          1,003.83       1,062.81         936.70Volatility:           24             48             48Volume:          273,750        324,894        548,029



   MCX is currently 1.9% 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 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 5 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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