Saturday, 4 July 2015

Small & midcaps under perform update 03 July 2015

After opening the day on a positive note, the indices maintained their upward momentum through the day, thus closing well in the green. While the BSE-Sensex today closed higher by 147 points, the NSE-Nifty closed higher by 40 points. Meanwhile, the S&P BSE Midcap index and the S&P BSE Smallcap index bucked the trend and ended the day flat. Sectoral indices closed the day on a mixed note.

 NSENIFTY closed up  40.000 at 8,484.900.  Volume was 42% below average (neutral) and Bollinger Bands were 24% wider than normal. 


  • Open             High              Low            Close         Volume___
  • 8,440.100    8,497.750    8,424.150   8,484.900  91,142,976

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                   8,394.43       8,258.56       8,373.27
  • Volatility:               12               20                18
  • Volume:            135,980,624    155,211,264    153,324,272



   NSENIFTY is currently 1.3% above its 200-period moving average and is in an upward 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 moderate flows of volume into NSENIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 8 periods.     


European stocks slipped in early trade ahead of referendum in Greece. Asian markets closed mixed. The Straits Times gained 0.45%, while the Shanghai Composite crashed 5.84% today. The rupee was trading down 4 paise at 63.47 against the US dollar.

BANKNIFTY closed up 144.100 at 18,729.650.  Volume was 33% below average (neutral) and Bollinger Bands were 19% wider than normal. 


  • Open     High      Low     Close     Volume___
  • 18,535.69918,756.65018,535.69918,729.650  37,531,820

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,439.00      18,103.75      18,053.24
  • Volatility:           18             27             26
  • Volume:       56,495,568     59,155,692     48,269,360


   BANKNIFTY is currently 3.7% above its 200-period moving average and is in an upward 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 moderate flows of volume into BANKNIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 7 periods.     


GOLDBEES closed down  -7.850 at 2,394.800.  Volume was 28% below average (neutral) and Bollinger Bands were 28% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 2,405.0002,405.0002,393.0002,394.800       9,685

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,419.40       2,457.62       2,465.36
  • Volatility:            7             10             14
  • Volume:           11,136         12,693         18,127



   GOLDBEES is currently 2.9% 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 26 periods.     


   MCX closed down  -5.500 at 1,066.450.  Volume was 70% below average (consolidating) and Bollinger Bands were 28% narrower than normal. 


  • Open     High      Low     Close     Volume___
  • 1,075.0001,078.8501,060.0001,066.450     142,514

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          1,059.98       1,039.20         952.40
  • Volatility:           31             47             48
  • Volume:          284,342        304,168        501,921


  

   MCX is currently 12.0% 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 7 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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