NSENIFTY closed down -100.600 at 7,859.950. Volume was 1% below average (neutral) and Bollinger Bands were 18% narrower than normal.
The Indian equity markets continued to extend losses in the post noon trade with no signs of recovery, and closed the day on a poor note. Weak global cues on account of concerns over European growth dragged the domestic markets lower.
NSENIFTY is currently 11.2% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume out of NSENIFTY (mildly bearish). Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 6 periods.
Open High Low Close Volume___
7,911.000 7,924.050 7,848.450 7,859.950 142,926,896
BANKNIFTY closed down -287.400 at 15,453.800. Volume was 12% below average (neutral) and Bollinger Bands were 20% wider than normal.
Open High Low Close Volume___
15,603.450 15,628.750 15,439.350 15,453.800 24,179,824
BANKNIFTY is currently 14.2% above its 200-period moving average and is in an downward 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 bearish on BANKNIFTY and have had this outlook for the last 6 periods.
GOLDBEES closed down -4.150 at 2,486.250. Volume was 51% below average (consolidating) and Bollinger Bands were 61% narrower than normal.
Open High Low Close Volume___
2,480.1502,495.0002,480.1502,486.250 9,905
GOLDBEES is currently 6.6% below its 200-period moving average and is in an downward 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 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 31 periods.
MCX closed up 1.350 at 770.200. Volume was 36% below average (neutral) and Bollinger Bands were 30% narrower than normal.
Open High Low Close Volume___
765.900 790.800 752.000 770.200 835,031
MCX is currently 24.3% above 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 MCX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 9 periods.
The Indian equity markets continued to extend losses in the post noon trade with no signs of recovery, and closed the day on a poor note. Weak global cues on account of concerns over European growth dragged the domestic markets lower.
7,911.000 7,924.050 7,848.450 7,859.950 142,926,896
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 7,926.79 7,913.00 7,069.69
- Volatility: 16 15 15
- Volume: 146,415,968 130,192,392 156,198,528
Option Gain
Asian indices closed the day in red today, while European indices opened weak. The rupee was trading at Rs 61.25 to the dollar at the time of writing.
Sector performance
BANKNIFTY closed down -287.400 at 15,453.800. Volume was 12% below average (neutral) and Bollinger Bands were 20% wider than normal.
Open High Low Close Volume___
15,603.450 15,628.750 15,439.350 15,453.800 24,179,824
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 15,454.79 15,606.18 13,537.82
- Volatility: 30 23 26
- Volume: 26,683,824 24,475,158 30,695,128
BANKNIFTY is currently 14.2% above its 200-period moving average and is in an downward 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 bearish on BANKNIFTY and have had this outlook for the last 6 periods.
GOLDBEES closed down -4.150 at 2,486.250. Volume was 51% below average (consolidating) and Bollinger Bands were 61% narrower than normal.
Open High Low Close Volume___
2,480.1502,495.0002,480.1502,486.250 9,905
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bearish
- Moving Averages: 10-period 50-period 200-period
- Close: 2,478.70 2,541.24 2,662.05
- Volatility: 9 10 12
- Volume: 15,989 17,112 25,072
GOLDBEES is currently 6.6% below its 200-period moving average and is in an downward 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 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 31 periods.
MCX closed up 1.350 at 770.200. Volume was 36% below average (neutral) and Bollinger Bands were 30% narrower than normal.
Open High Low Close Volume___
765.900 790.800 752.000 770.200 835,031
- Technical Outlook
- Short Term: Oversold
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 785.42 814.87 619.62
- Volatility: 40 44 67
- Volume: 447,568 704,132 1,601,348
MCX is currently 24.3% above 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 MCX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 9 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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