Tuesday, 21 July 2015

The BSE Sensex close lower by 237 points while the Nifty clos elower by 74 points for 21 July 2015


After hovering around the dotted line for most part of the day, the Indian markets closed the day on a dismal note as profit booking took toll in the final hour of trade. The Sensex ended lower by 237 points while the NSE-Nifty ended lower by 74 points. The BSE Mid Cap and BSE Small Cap stocks ended the day, trading lower by 1.42% and 1.59% respectively.

 NSENIFTY closed down -74.000 at 8,529.450.  Volume was 13% above average (neutral) and Bollinger Bands were 36% narrower than normal. 



  • Open     High      Low     Close     Volume___
  • 8,601.5008,646.7508,517.9008,529.450 169,151,104

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,484.05       8,322.42       8,397.47
  • Volatility:           16             16             18
  • Volume:      131,365,688    144,227,408    154,457,744


  
   NSENIFTY is currently 1.6% 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 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 20 periods.     


Asian markets closed on a positive note at the most recent closing prices. Nikkei gained 0.93%, while the Hang Seng gained 0.52%. The rupee was trading at 63.57 against the US$ in the post noon session.



 BANKNIFTY closed down -309.299 at 18,723.400.  Volume was 26% below average (neutral) and Bollinger Bands were 31% narrower than normal. 



  • Open     High      Low     Close     Volume___
  • 19,042.94919,101.50018,702.44918,723.400  40,091,628

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,820.05      18,291.62      18,215.81
  • Volatility:           21             21             26
  • Volume:       46,965,188     54,697,180     49,687,096



   BANKNIFTY is currently 2.8% 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 19 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.  


Stocks in the FMCG sector ended the day on a negative note with Pidilite Industries and Gillette India bearing the brunt. Hindustan Unilever Limited (HUL) reported its numbers for the quarter ending June 2015. The company's net sales climbed 5% YoY. At the operating levels, the figure was up by about 14% YoY as margins expanded on the back of lower input costs. However, profits came in flat on account of lower other and extraordinary income. The stock of HUL ended the day on a negative note.

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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