NSENIFTY closed up 98.800 at 8,324.000. Volume was 2% above average (neutral) and Bollinger Bands were 45% wider than normal.
BANKNIFTY closed up 268.449 at 18,747.350. Volume was 34% above average (neutral) and Bollinger Bands were 24% narrower than normal.
- Open High Low Close Volume___
- 8,255.000 8,330.950 8,228.200 8,324.000 139,159,664
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 8,223.88 8,245.26 7,560.24
- Volatility: 20 15 15
- Volume: 140,683,296 145,801,968 155,083,776
NSENIFTY is currently 10.1% 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 NSENIFTY at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on NSENIFTY and have had this outlook for the last 7 periods.
BANKNIFTY closed up 268.449 at 18,747.350. Volume was 34% above average (neutral) and Bollinger Bands were 24% narrower than normal.
- Open High Low Close Volume___
- 18,562.350 18,801.150 18,424.000 18,747.350 39,132,216
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 18,308.02 17,441.63 15,122.77
- Volatility: 28 22 25
- Volume: 45,291,580 33,823,508 32,281,758
BANKNIFTY is currently 24.0% 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 4 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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