NIFTY SPOT , HDFC AND ULTRACEMO SIGNAL ON MONEY99 EOD SYSTEM FOR 19 May 2015

NIFTY SPOT 

HDFC 

HDFC closed up  30.000 at 1,264.300.  Volume was 43% below average (neutral) and Bollinger Bands were 5% narrower than normal. 

Open     High      Low     Close     Volume___

1,234.0001,271.0001,227.0001,264.300   1,779,600

Technical Outlook 

Short Term:          Neutral

Intermediate Term:   Bearish

Long Term:           Bullish

Moving Averages: 10-period     50-period     200-period

Close:          1,202.87       1,282.43       1,160.53

Volatility:           41             38             37

Volume:        3,083,889      3,276,304      2,754,451

   HDFC is currently 8.9% 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 moderate flows of volume out of HDFC (mildly bearish).  Our trend forecasting oscillators are currently bearish on HDFC and have had this outlook for the last 31 periods.     

ULTRACEMO

  ULTRACEMCO closed up  94.700 at 2,900.100.  Volume was 11% below average (neutral) and Bollinger Bands were 38% narrower than normal. 

Open     High      Low     Close     Volume___

2,815.0002,905.0002,780.3502,900.100     269,975

Technical Outlook 

Short Term:          Overbought

Intermediate Term:   Bullish

Long Term:           Bullish

Moving Averages: 10-period     50-period     200-period

Close:          2,750.06       2,864.23       2,720.36

Volatility:           47             37             37

Volume:          300,437        330,880        267,407

   ULTRACEMCO is currently 6.6% above its 200-period moving average and is in an upward trend.  Volatility is   Our volume indicators reflect volume flowing into and out of ULTRACEMCO at a relatively equal pace (neutral).  Our trend forecasting oscillators are currently bullish on ULTRACEMCO and have had this outlook for the last 3 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.