Tuesday, 9 June 2015

Todays Market : Volatility mars Indian indices for 09 June 2015

The Indian equity markets had a subdued outing today. After starting off the session above the dotted line, the indices kept oscillating to either side of yesterday's close. Markets finally closed flat, with a negative bias. While the BSE-Sensex closed lower by around 42 points, the NSE-Nifty closed lower by around 28 points. The BSE Mid Cap and BSE Small Cap did not fare any better, as they closed moderately lower by 0.3% and 0.4% respectively. Realty and Healthcare stocks weighed heavy on the indices today.

As regards to major global markets, European shares fell extending their recent losing streak tracking a drop in Wall Street. Asian markets languished in red with stocks in Japan leading the losses. The Nikki 225 is down 1.76%, while Hong Kong's Hang Sang is off 1.2% and China's Shanghai Composite is lower by 0.36%. The rupee was trading strong by 15 paise at 63.93 in the afternoon session.



NSENIFTY closed down -21.750 at 8,022.400.  Volume was 17% below average (neutral) and Bollinger Bands were 11% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 8,026.5008,057.1508,005.1508,022.400 140,217,680

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,220.41       8,375.12       8,340.05
  • Volatility:           18             21             18
  • Volume:      184,617,424    154,314,496    151,895,072


   NSENIFTY is currently 3.8% 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 5 periods.     


 BANKNIFTY closed up  57.301 at 17,489.900.  Volume was 5% below average (neutral) and Bollinger Bands were 9% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 17,413.44917,560.50017,392.94917,489.900  57,344,056

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,021.61      18,228.77      17,825.49
  • Volatility:           25             28             26
  • Volume:       60,751,692     56,209,968     45,340,656



   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 3 periods.     



GOLDBEES closed down  -0.600 at 2,447.400.  Volume was 25% below average (neutral) and Bollinger Bands were 15% narrower than normal. 

  • Open     High      Low     Close     Volume___
  • 2,448.0002,451.8502,438.0502,447.400       9,865

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,457.55       2,460.44       2,479.27
  • Volatility:            7             14             14
  • Volume:            9,140         13,402         18,301



   GOLDBEES is currently 1.3% below its 200-period moving average and is in an downward 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 GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 8 periods.     


MCX closed up   4.200 at 985.750.  Volume was 35% below average (neutral) and Bollinger Bands were 15% narrower than normal. 

  • Open     High      Low     Close     Volume___
  • 982.1001,003.000  972.900  985.750     353,402

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          1,035.90       1,072.59         934.39
  • Volatility:           34             49             48
  • Volume:          254,638        326,987        553,592


   MCX is currently 5.5% above 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 MCX at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 2 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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