Today's market

NSENIFTY closed up  57 point  at 7,968.850.  Volume was 2% below average (neutral) and Bollinger Bands were 41% narrower than normal. 

Open             High            Low             Close       Volume___
7,885.850     7,993.300     7,841.80     07,968.850 147,835,872

• 
  
• Technical Outlook 
• Short Term:                Neutral
• Intermediate Term:     Bullish
• Long Term:                 Bullish
• 
  
• Moving Averages: 10-period     50-period     200-period
• Close:                  8,023.35       7,885.45       7,011.89
• Volatility:                  19               14             15
• Volume:             143,462,384    130,336,032    157,747,792

   NSENIFTY is currently 13.6% above its 200-period moving average and is in an upward 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 bullish on NSENIFTY and have had this outlook for the last 31 periods.    



BANKNIFTY closed up 308.200 at 15,607.250.  Volume was 30% above average (neutral) and Bollinger Bands were 31% narrower than normal. 

Open               High                Low               Close        Volume___
15,262.900      15,666.400     15,168.400      15,607.250   37,253,896

• Technical Outlook 
• Short Term:                Neutral
• Intermediate Term:     Bullish
• Long Term:                Bullish
• 
  
• Moving Averages: 10-period     50-period     200-period
• Close:                  15,890.33      15,602.85      13,407.26
• Volatility:                  29             22             26
• Volume:                27,136,456     25,300,264     31,047,350

   BANKNIFTY is currently 16.4% above its 200-period moving average and is in an upward 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 bullish on BANKNIFTY and have had this outlook for the last 26 periods.     

 GOLDBEES closed down  -0.050 at 2,476.600.  Volume was 19% below average (neutral) and Bollinger Bands were 35% narrower than normal. 

Open              High             Low       Close          Volume___

2,499.000     2,503.000     2,472.050    2,476.600      18,949

• Technical Outlook 
• Short Term:                Neutral
• Intermediate Term:     Bearish
• Long Term:                 Bearish
• 
  
• Moving Averages: 10-period     50-period     200-period
• Close:                 2,484.16       2,556.13       2,674.24
• Volatility:                  7             10             12
• Volume:                19,964         16,426         25,280

   GOLDBEES is currently 7.4% below its 200-period moving average and is in an downward 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 moderate flows of volume out of GOLDBEES (mildly bearish).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 24 periods.     

  MCX closed up  12.600 at 787.300.  Volume was 56% below average (consolidating) and Bollinger Bands were 39% narrower than normal. 

Open          High          Low          Close       Volume___

786.400     797.050     773.000     787.300     626,206

• Technical Outlook 
• Short Term:              Oversold
• Intermediate Term:    Bearish
• Long Term:                 Bullish
• 
  
• Moving Averages: 10-period     50-period     200-period
• Close:                   812.05            819.51         606.85
• Volatility:                38                50                68
• Volume:                474,766      1,214,470      1,595,645

   MCX is currently 29.7% above its 200-period moving average and is in an downward 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 moderate flows of volume out of MCX (mildly bearish).  Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 2 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.