The weak sentiments in the Indian markets continued throughout the day with the BSE-Sensex closing lower by about 84 points, while the NSE-Nifty closed lower by about 17 points. S&P BSE Midcap and S&P BSE Smallcap ended the day on a flat note. Most sectoral indices posted losses, with capital goods and banking stocks being the top losers today.
European equities were weak again as Greek talks draw another blank. Asian markets finished broadly lower today with shares in China leading the region. The Shanghai Composite is down 7.40% while Hong Kong's Hang Seng is off 1.79% and Japan's Nikkei 225 is lower by 0.31%. The rupee wiped off its initial losses and was trading a tad strong at 63.61 against the US$.
European equities were weak again as Greek talks draw another blank. Asian markets finished broadly lower today with shares in China leading the region. The Shanghai Composite is down 7.40% while Hong Kong's Hang Seng is off 1.79% and Japan's Nikkei 225 is lower by 0.31%. The rupee wiped off its initial losses and was trading a tad strong at 63.61 against the US$.
NSENIFTY closed down -16.900 at 8,381.100. Volume was 29% below average (neutral) and Bollinger Bands were 9% wider than normal.
Open High Low Close Volume___
8,393.950 8,408.550 8,339.700 8,381.100 113,959,472
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 8,242.69 8,262.37 8,364.30
Volatility: 10 21 18
Volume: 144,080,432 155,506,448 153,894,048
NSENIFTY is currently 0.2% 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 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 3 periods.
BANKNIFTY closed down -121.400 at 18,371.500. Volume was 9% below average (neutral) and Bollinger Bands were 1% wider than normal.
Open High Low Close Volume___
18,461.600 18,461.600 18,199.250 18,371.500 51,902,056
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 18,021.54 18,076.13 17,991.21
Volatility: 16 28 26
Volume: 55,638,944 58,702,216 47,526,916
BANKNIFTY is currently 2.1% 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 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 2 periods.
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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