NSENIFTY closed up 23.250 at 7,897.500. Volume was 13% below average (neutral) and Bollinger Bands were 29% narrower than normal.
Open High Low Close Volume___
7,901.000 7,918.550 7,881.150 7,897.500 140,615,184
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 7,729.24 7,652.58 6,758.46
Volatility: 15 16 16
Volume: 113,774,608 142,907,312 162,496,960
NSENIFTY gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
NSENIFTY is currently 16.9% 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 moderate flows of volume into NSENIFTY (mildly bullish). Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 4 periods.
As regards global markets, Asian indices closed on a positive note today, with the Korean and Hong Kong markets seeing the biggest gains. The rupee was trading at Rs 60.72 to the dollar at the time of writing.
Analysis of BANKNIFTYas of 19/08/2014
BANKNIFTY closed up 84.900 at 15,524.650. Volume was 4% below average (neutral) and Bollinger Bands were 34% narrower than normal.
Open High Low Close Volume___
15,507.0 50 15,624.350 15,469.850 15,524.650 31,942,362
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 15,092.29 15,193.25 12,751.72
Volatility: 24 24 29
Volume: 22,357,472 28,384,896 33,459,438
BANKNIFTY gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
BANKNIFTY is currently 21.7% above its 200-period moving average and is in an downward 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 BANKNIFTY at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 6 periods.
As regards global markets, Asian indices closed on a positive note today, with the Korean and Hong Kong markets seeing the biggest gains. The rupee was trading at Rs 60.72 to the dollar at the time of writing.
Analysis of BANKNIFTYas of 19/08/2014
BANKNIFTY closed up 84.900 at 15,524.650. Volume was 4% below average (neutral) and Bollinger Bands were 34% narrower than normal.
Open High Low Close Volume___
15,507.0 50 15,624.350 15,469.850 15,524.650 31,942,362
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 15,092.29 15,193.25 12,751.72
Volatility: 24 24 29
Volume: 22,357,472 28,384,896 33,459,438
BANKNIFTY gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist - Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
BANKNIFTY is currently 21.7% above its 200-period moving average and is in an downward 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 BANKNIFTY at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 6 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.
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