Tuesday, 7 July 2015

The Sensex finished 116 points higher while the NSE-Nifty gained 38 points for 06 July 2015


The benchmark indices bounced back in the late afternoon trade after opening the day on a weak note. The Sensex finished 116 points higher while the NSE-Nifty gained 38 points. TheBSE Mid Cap and BSE Small Cap also ended the day on an encouraging note with both the indices up by 0.9% and 1% respectively. Barring consumer durables and metal stocks, majority of the se
ctoral indices ended the trading day in the green.



 NSENIFTY closed up  37.250 at 8,522.150.  Volume was 34% below average (neutral) and Bollinger Bands were 28% wider than normal. 



  • Open     High      Low     Close     Volume___
  • 8,386.1508,533.1508,386.1508,522.150 104,578,128
  • Technical Outlook 
  • Short Term:          Overbought
  • Intermediate Term:   Bullish
  • Long Term:           Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:          8,411.34       8,262.90       8,375.44
  • Volatility:            9             20             18
  • Volume:      133,784,192    153,745,952    153,217,248



   NSENIFTY is currently 1.8% 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 9 periods.     


Asian stocks edged lower today, as Greece voted against accepting further austerity, increasing the risk of the country's exit from the euro zone. European markets are broadly lower today with shares in France off the most. The CAC 40 is down 1.51% while Germany's DAX is off by 1.35% and London's FTSE 100 is lower by 0.43%. The rupee was trading at 63.57 against the US$ in the post noon session.

BANKNIFTY closed up  95.500 at 18,825.150.  Volume was 24% below average (neutral) and Bollinger Bands were 23% wider than normal. 



  • Open     High      Low     Close     Volume___
  • 18,488.35018,855.90018,417.35018,825.150  42,769,840
  • Technical Outlook 
  • Short Term:          Overbought
  • Intermediate Term:   Bullish
  • Long Term:           Bullish
  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,488.06      18,120.21      18,067.46
  • Volatility:           12             27             26
  • Volume:       54,630,632     58,965,296     48,375,772


   
   BANKNIFTY is currently 4.2% 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 8 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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