The Indian markets ended the day on a firm note today, with the BSE-Sensex closing higher by 140 points or 0.5%. The NSE-Nifty closed higher by 37 points or 0.4%. Barring stocks from the IT space, buying was seen across the board with power and consumer durables stocks leading the pack. Mid and smallcaps were in favour today as well with their representative indices ending higher by about 0.5% and 0.8% respectively.
Barring China (down 8%), Asian markets ended the day on a firm note; European stocks were trading mix at the time of writing. The Rupee was trading at 61.7 to the Dollar.
Barring China (down 8%), Asian markets ended the day on a firm note; European stocks were trading mix at the time of writing. The Rupee was trading at 61.7 to the Dollar.
- Open High Low Close Volume___
- 8,550.050 8,570.950 8,531.500 8,550.700 129,346,424
- Technical Outlook
- Short Term: Overbought
- Intermediate Term: Bullish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 8,320.71 8,353.19 7,732.73
- Volatility: 26 18 16
- Volume: 155,947,888 138,597,312 150,834,384
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 10.6% above its 200-period moving average and is in an upward trend. Volatility is high 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 1 periods.
BANKNIFTY closed up 182.900 at 19,406.051. Volume was 30% above average (neutral) and Bollinger Bands were 24% narrower than normal.
- Open High Low Close Volume___
- 19,345.650 19,434.199 19,299.100 19,406.051 43,457,728
- Technical Outlook
- Short Term: Overbought
- Intermediate Term: Bullish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 18,804.54 18,336.20 15,782.48
- Volatility: 32 23 25
- Volume: 52,520,344 40,453,056 33,121,368
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 23.0% above its 200-period moving average and is in an upward 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 BANKNIFTY at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BANKNIFTY and have had this outlook for the last 1 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
GOLDBEES closed up 22.300 at 2,554.450. Volume was 61% above average (neutral) and Bollinger Bands were 2% narrower than normal.
- Open High Low Close Volume___
- 2,543.000 2,560.000 2,538.000 2,554.450 38,171
- Technical Outlook
- Short Term: Overbought
- Intermediate Term: Bullish
- Long Term: Bearish
- Moving Averages: 10-period 50-period 200-period
- Close: 2,495.50 2,453.54 2,555.81
- Volatility: 19 16 15
- Volume: 20,907 23,210 25,263
GOLDBEES is currently 0.1% below 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 GOLDBEES at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GOLDBEES and have had this outlook for the last 4 periods.
MCX closed up 9.700 at 859.000. Volume was 53% below average (consolidating) and Bollinger Bands were 23% narrower than normal.
MCX is currently 17.7% 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 into MCX (mildly bullish). Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 24 periods.
MCX closed up 9.700 at 859.000. Volume was 53% below average (consolidating) and Bollinger Bands were 23% narrower than normal.
- Open High Low Close Volume___
- 849.200 864.000 849.200 859.000 232,688
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bullish
- Moving Averages: 10-period 50-period 200-period
- Close: 853.74 859.40 729.70
- Volatility: 23 37 54
- Volume: 366,244 495,767 1,074,760
MCX is currently 17.7% 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 into MCX (mildly bullish). Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 24 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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