Indian equity markets eroded their gains as the day progressed to finally close flat. While the BSE-Sensex closed higher by 32 points, the NSE-Nifty closed higher by 10 points. S&P BSE Midcap and the S&P BSE Smallcap indices closed on a positive note. IT, oil and gas and power sectors led the pack of gainers.
NSENIFTY closed up 9.900 at 8,060.700. Volume was 19% below average (neutral) and Bollinger Bands were 51% narrower than normal.
- Open High Low Close Volume___
- 8,086.350 8,100.350 8,031.750 8,060.700 136,625,376
- Technical Outlook
- Short Term: Oversold
- Intermediate Term: Bullish
- Long Term: Bearish
- Moving Averages: 10-period 50-period 200-period
- Close: 8,176.25 7,998.64 8,372.32
- Volatility: 7 25 20
- Volume: 166,693,760 185,182,048 167,500,064
NSENIFTY is currently 3.7% below 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.
BANKNIFTY closed down -15.000 at 17,325.600. Volume was 32% below average (neutral) and Bollinger Bands were 51% narrower than normal.
- Open High Low Close Volume
- 17,436.500 17,466.199 17,265.051 17,325.600 44,370,784
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bearish
- Moving Averages: 10-period 50-period 200-period
- Close: 17,570.22 17,237.67 18,291.68
- Volatility: 18 34 29
- Volume: 60,697,116 68,014,064 62,085,720
BANKNIFTY is currently 5.3% below its 200-period moving average and is in an downward 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 BANKNIFTY at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BANKNIFTY and have had this outlook for the last 0 periods.
GOLDBEES closed down -14.800 at 2,396.700. Volume was 52% below average (consolidating) and Bollinger Bands were 35% narrower than normal.
- Open High Low Close Volume___
- 2,415.0002,415.0002,395.0002,396.700 7,611
- Technical Outlook
- Short Term: Oversold
- Intermediate Term: Bullish
- Long Term: Bearish
- Moving Averages: 10-period 50-period 200-period
- Close: 2,437.30 2,415.50 2,429.68
- Volatility: 10 14 13
- Volume: 8,059 13,799 14,983
GOLDBEES is currently 1.4% below 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 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 11 periods.
MCX closed up 9.950 at 896.900. Volume was 41% below average (neutral) and Bollinger Bands were 32% narrower than normal.
- Open High Low Close Volume___
- 892.400 900.000 885.100 896.900 133,038
- Technical Outlook
- Short Term: Neutral
- Intermediate Term: Bearish
- Long Term: Bearish
- Moving Averages: 10-period 50-period 200-period
- Close: 910.92 951.23 1,025.32
- Volatility: 16 41 48
- Volume: 137,958 193,747 382,887
MCX is currently 12.5% below its 200-period moving average and is in an downward 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 MCX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on MCX and have had this outlook for the last 2 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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