Monday, 18 January 2016

The Indian equity markets continued to bleed through the day : 18 Jan 2015


 NSENIFTY closed down -86.800 at 7,351.000.  Volume was 42% above average (neutral) and Bollinger Bands were 19% wider than normal. 

  • Open           High           Low             Close            Volume___
  • 7,420.350   7,463.650   7,336.400    7,351.000     240,798,176

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  7,565.75       7,834.23       8,170.19
  • Volatility:                  16               15               20
  • Volume:      168,863,264    154,574,656    159,989,088



   NSENIFTY is currently 10.0% 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 5 periods.  Our momentum oscillator is currently indicating that NSENIFTY is currently in an oversold condition.   


 BANKNIFTY closed down -185.500 at 15,020.800.  Volume was 93% above average (neutral) and Bollinger Bands were 47% wider than normal. 

  • Open     High      Low     Close     Volume___
  • 15,165.20015,270.40014,956.95015,020.800 121,191,176

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

  • Moving Averages: 10-period     50-period     200-period
  • Close:                  15,865.20     16,789.42     17,731.68
  • Volatility:                  20                 20              27
  • Volume:       73,784,680     57,765,556     60,038,492



   BANKNIFTY is currently 15.3% below its 200-period moving average and is in an downward trend.  Volatility is   Our volume indicators reflect moderate flows of volume out of BANKNIFTY (mildly bearish).  Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 7 periods.  Our momentum oscillator is currently indicating that BANKNIFTY is currently in an oversold condition.   



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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