Today's Market : Indian markets slip into red

Analysis of  NSENIFTY as of 03/01/2014

   NSENIFTY closed down -10.000 at 6,211.150.  Volume was 26% below average (neutral) and Bollinger Bands were 50% narrower than normal.

Open               High             Low            Close             Volume___

6,194.550     6,221.700    6,171.250    6,211.150     139,043,888

• Technical Outlook 
• Short Term:          Neutral
• Intermediate Term:   Bullish
• Long Term:           Bullish
• 
  
• Moving Averages: 10-period     50-period     200-period
• Close:                      6,274.89       6,190.68       5,910.98
• Volatility:                       14             18             23
• Volume:                  126,143,336    159,510,896    170,482,096

   NSENIFTY is currently 5.1% 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 18 periods.     

Analysis of  BANKNIFTY as of 03/01/2014

   BANKNIFTY closed down  -1.550 at 11,181.650.  Volume was 32% below average (neutral) and Bollinger Bands were 38% narrower than normal. 

Open                High                   Low              Close         Volume___

11,098.250    11,208.000    11,052.600    11,181.650     28,242,636

Technical Outlook 

Short Term:          Oversold

Intermediate Term:   Bullish

Long Term:           Bullish

Moving Averages: 10-period     50-period     200-period

Close:                        11,335.87      11,204.70      11,153.40

Volatility:                           18             33                 39

Volume:                      24,256,220     34,947,100     32,648,536

   BANKNIFTY is currently 0.3% 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 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 5 periods.     

About Money99

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.