Tuesday, 18 August 2015

BSE-Sensex ended up closing lower by 47 points while NSE-Nifty closed lower by 13 points for 18 Aug 2018


 BSE-Sensex ended up closing lower by 47 points while NSE-Nifty closed lower by 13 points. However, midcaps and smallcaps bucked this trend and closed in positive. The S&P BSE Midcap was up by 0.4% while the S&P BSE Smallcap was up by 0.9%. Sectoral Indices ended the trading day on a mixed note. Gains were seen in stocks from the IT, consumer durables and capital goods sector, while profit booking was seen in metal, PSU and healthcare stocks

European shares opened slightly lower in early trade, after a weak trading session in Asia. Asian markets finished broadly lower today with shares in China leading the region. The Shanghai Composite is down 6.15% while Hong Kong's Hang Seng is off 1.43% and Japan's Nikkei 225 is lower by 0.32%. 


 NSENIFTY closed down -10.750 at 8,466.550.  Volume was 6% above average (neutral) and Bollinger Bands were 34% narrower than normal. 



  • Open             High            Low          Close        Volume___
  • 8,505.850   8,525.750   8,433.600   8,466.550  157,991,552

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                     8,487.68       8,403.04       8,454.17
  • Volatility:                  16               16                 18
  • Volume:              160,026,496    146,847,088    155,850,688




   NSENIFTY is currently 0.1% above its 200-period moving average and is in an downward trend.  Volatility is   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 10 periods. 


BANKNIFTY closed down -41.201 at 18,780.850.  Volume was 40% above average (neutral) and Bollinger Bands were 12% narrower than normal. 



  • Open             High             Low           Close         Volume___
  • 18,862.150  18,874.100  18,595.500  18,780.850  81,705,776

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                    18,690.50      18,485.77      18,504.88
  • Volatility:                   28               22                 26
  • Volume:               68,540,728     60,062,092     54,292,556


    BANKNIFTY is currently 1.5% above its 200-period moving average and is in an downward trend.  Volatility is extremely high when compared to the average volatility over the last 10 periods.  There is a good possibility that volatility will decrease and prices will stabilize in the near term.  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 12 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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