Sunday, 10 March 2019

Analysis of NSENIFTY and BANKNIFTY f 08/03/19

Analysis of   NSENIFTY (NSENIFTY)   as of 08/03/19

   NSENIFTY closed down -22.800 at 11,035.400.  Volume was 3% below average (neutral) and Bollinger Bands were 1% narrower than normal. 

Open               High               Low                Close                 Volume___
11,038.850     11,049.000       11,008.950        11,035.400      326,569,824


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



  • Moving Averages: 10-period     50-period     200-period
  • Close:                    10,910.38      10,840.29      10,869.27
  • Volatility:                     10                12                16
  • Volume:               392,502,144    334,285,248    308,128,192


Summary



   NSE NIFTY is currently 1.5% above its 200-period moving average and is in an upward trend.  Volatility is low 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 bullish on NSENIFTY and have had this outlook for the last 3 periods.   




Analysis of BANKNIFTY (BANKNIFTY) as of 08/03/19

   BANKNIFTY closed down  -2.799 at 27,761.801.  Volume was 21% below average (neutral) and Bollinger Bands were 4% wider than normal. 

Open                    High                   Low                Close           Volume___
27,686.150   27,811.350       27,645.400      27,761.801       140,524,304

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


  • Moving Averages: 10-period     50-period     200-period
  • Close:                 27,231.89      27,196.42      26,674.31
  • Volatility:                  15                14                18
  • Volume:             187,414,896    174,026,064    174,941,600




Summary


   BANKNIFTY is currently 4.1% 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 2 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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