Wednesday, 26 August 2015

Indian equity markets had a rather volatile trading session today for 25 Aug 2015

Indian equity markets had a rather volatile trading session today. After beginning the day on a positive note, stocks moved into the red around noon. However, buying activity intensified heavily in the later hours pushing the indices well above the dotted line. While the BSE-Sensex closed higher by 291 points today, the NSE-Nifty closed higher by 71 points. The S&P BSE Midcap and the S&P BSE Smallcap did well too, closing with gains of 2% and 1% respectively. Gains were largely seen in realty, metal and oil and gas stocks, while those from the IT space were at the receiving end.



  NSENIFTY closed up  71.700 at 7,880.700.  Volume was 97% above average (neutral) and Bollinger Bands were 52% wider than normal. 


  • Open             High            Low             Close       Volume
  • 7,895.400    7,925.400    7,667.250    7,880.700  308,255,264

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                     8,302.53       8,417.52       8,453.79
  • Volatility:                   39              23                 20
  • Volume:              205,198,672    155,729,136    157,685,456



   NSENIFTY is currently 6.8% below 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 15 periods.  Our momentum oscillator is currently indicating that NSENIFTY is currently in an oversold condition.   


Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.76%, while the Shanghai Composite led the Nikkei 225 lower. They fell 7.63% and 3.96% respectively. European shares rose on Tuesday to recover some poise after a sharp sell-off in the previous day that saw around 450 bn Euros wiped off the value of leading stocks. The rupee was trading at 66.70 against the US$ at the time of writing.


 BANKNIFTY closed up 380.949 at 17,192.750.  Volume was 99% above average (neutral) and Bollinger Bands were 68% wider than normal. 


  • Open     High      Low     Close     Volume___
  • 17,084.15017,269.15016,670.55117,192.750 123,179,424

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:         18,160.97      18,514.81      18,528.92
  • Volatility:           52             30             28
  • Volume:       87,689,520     64,028,276     56,053,064




   BANKNIFTY is currently 7.2% below 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 17 periods.     

GOLDBEES closed down -29.250 at 2,444.650.  Volume was 68% above average (neutral) and Bollinger Bands were 157% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 2,451.0502,472.0002,436.1502,444.650      28,118

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          2,393.82       2,363.68       2,437.33
  • Volatility:           15             14             14
  • Volume:           22,633         18,544         17,734



   GOLDBEES is currently 0.3% above its 200-period moving average and is in an upward trend.  Volatility is high 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 bullish on GOLDBEES and have had this outlook for the last 7 periods.     


   MCX closed up  19.900 at 998.750.  Volume was 69% above average (neutral) and Bollinger Bands were 9% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 991.0001,017.450  908.500  998.750     498,391

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:          1,056.19       1,081.85       1,006.08
  • Volatility:           63             43             49
  • Volume:          220,321        293,000        463,887



   MCX is currently 0.7% below 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 MCX at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 11 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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