Indian markets : RBI keeps rates unchanged

Sector Performance 

'Sensex and Nifty fell for a second consecutive session on Tuesday, as software services exporters declined on rupee strength and as investors booked profits after the RBI kept interest rates unchanged, although it signalled potential rate cuts by early 2015.

InfosysBSE -2.18 % provisionally fell 2.2 per cent while Tata Consultancy Services BSE -1.38 % ended down 1.5 per cent.Indian markets ended the day on a weak note today, with the BSE-Sensex closing lower by about 115 points or 0.4% , the NSE-Nifty closed lower by 31 points or 0.4%.

Asia ended the day on a firm note, while sentiments in Europe seemed to be buoyant with almost all markets trading positive at the time of writing. The rupee was trading at Rs 61.93 to the dollar at the time of writing.

Analysis of NSENIFTY 

• Open            High            Low           Close       Volume___
• 8,535.450    8,560.200    8,504.650    8,524.700   137,386,976

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

• Moving Averages: 10-period     50-period     200-period
• Close:                   8,489.36       8,158.02       7,402.75
• Volatility:                 11                15                 15
• Volume:             163,057,568    147,140,000    155,900,592

   NSENIFTY is currently 15.2% 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 NSENIFTY at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 21 periods.    our momentum oscillator has set a new 14-period low while the security price has not.  This is a bearish divergence.  

BANKNIFTY closed up  30.549 at 18,555.850.  Volume was 99% above average (neutral) and Bollinger Bands were 17% wider than normal. 

• Open             High             Low               Close           Volume___
• 18,434.750     18,601.850     18,301.000    18,555.850     54,738,132

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

• Moving Averages: 10-period     50-period     200-period
• Close:                  18,119.88      16,691.43      14,554.29
• Volatility:                   23                23                25
• Volume:                 45,427,740     29,535,812     31,169,804

   BANKNIFTY is currently 27.5% 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.   Our momentum oscillator is currently indicating that BANKNIFTY is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish divergence.  

GOLDBEES closed up  28.850 at 2,420.550.  Volume was 8% above average (neutral) and Bollinger Bands were 14% narrower than normal. 

• Open             High           Low           Close        Volume___
• 2,433.000   2,448.000    2,418.000    2,420.550      23,884

• Technical Outlook 
• Short Term:                Neutral
• Intermediate Term:      Bearish
• Long Term:                 Bearish

• Moving Averages: 10-period     50-period     200-period
• Close:                    2,436.88       2,463.04       2,611.32
• Volatility:                    17                16                14
• Volume:                 30,293         27,415         26,093

   GOLDBEES is currently 7.3% below 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 volume flowing into and out of GOLDBEES at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bearish on GOLDBEES and have had this outlook for the last 19 periods.     

MCX closed down  -5.500 at 865.950.  Volume was 71% below average (consolidating) and Bollinger Bands were 58% narrower than normal. 

• Open     High      Low     Close     Volume___
• 863.000  875.000  862.500  865.950     256,294

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

• Moving Averages: 10-period     50-period     200-period
• Close:                   870.49         823.38         674.88
• Volatility:                    27                 36               56
• Volume:                  574,873        488,656      1,231,659

   MCX is currently 28.3% 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 MCX (mildly bullish).  Our trend forecasting oscillators are currently bullish on MCX and have had this outlook for the last 22 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.