Archive for June, 2015

INDEX FUTURE Technical Analysis

Technical Indicators

Name Value Action
RSI(14) 70.591 Buy
STOCH(9,6) 76.521 Buy
STOCHRSI(14) 0.000 Oversold
MACD(12,26) 49.250 Buy
ADX(14) 57.430 Buy
Williams %R -22.993 Buy
CCI(14) 116.4985 Buy
ATR(14) 24.0714 Less Volatility
Highs/Lows(14) 3.7679 Buy
Ultimate Oscillator 68.456 Buy
ROC 0.550 Buy
Bull/Bear Power(13) 45.3960 Buy

Buy: 10

Sell: 0

Neutral: 1

Summary: STRONG BUY

Moving Averages

Period Simple Exponential
MA5 8406.45
Sell
8402.86
Sell
MA10 8396.90
Buy
8393.76
Buy
MA20 8369.60
Buy
8360.46
Buy
MA50 8240.55
Buy
8265.27
Buy
MA100 8128.84
Buy
8206.72
Buy
MA200 8178.67
Buy
8188.47
Buy

Buy: 10

Sell: 2

Summary: BUY

 

Bank INDEX Technical Analysis

Technical Indicators

Name Value Action
RSI(14) 70.048 Buy
STOCH(9,6) 98.939 Overbought
STOCHRSI(14) 7.381 Oversold
MACD(12,26) 168.990 Buy
ADX(14) 52.606 Buy
Williams %R -0.943 Overbought
CCI(14) 111.1903 Buy
ATR(14) 85.9533 Less Volatility
Highs/Lows(14) 0.0000 Neutral
Ultimate Oscillator 63.257 Buy
ROC 1.082 Buy
Bull/Bear Power(13) 172.1820 Buy

Buy: 7

Sell: 0

Neutral: 4

Summary: STRONG BUY

Moving Averages

Period Simple Exponential
MA5 18405.62
Sell
18396.67
Buy
MA10 18380.80
Buy
18353.57
Buy
MA20 18236.20
Buy
18233.66
Buy
MA50 17835.33
Buy
17959.26
Buy
MA100 17656.01
Buy
17880.12
Buy
MA200 17989.71
Buy
17923.98
Buy

Buy: 11

Sell: 1

Summary: BUY

 

INDEX FUTURE Technical Analysis

Technical Indicators

Name Value Action
RSI(14) 86.228 Overbought
STOCH(9,6) 80.176 Overbought
STOCHRSI(14) 82.553 Overbought
MACD(12,26) 64.820 Buy
ADX(14) 60.137 Buy
Williams %R -12.160 Overbought
CCI(14) 101.8425 Buy
ATR(14) 21.1964 Less Volatility
Highs/Lows(14) 50.9464 Buy
Ultimate Oscillator 67.862 Buy
ROC 1.725 Buy
Bull/Bear Power(13) 96.8460 Buy

Buy: 7

Sell: 0

Neutral: 4

Summary: STRONG BUY

Moving Averages

Period Simple Exponential
MA5 8371.75
Buy
8365.73
Buy
MA10 8342.30
Buy
8341.26
Buy
MA20 8286.69
Buy
8292.92
Buy
MA50 8163.40
Buy
8200.71
Buy
MA100 8091.09
Buy
8162.78
Buy
MA200 8176.15
Buy
8167.04
Buy

Buy: 12

Sell: 0

Summary: STRONG BUY

 

Bank INDEX Technical Analysis

Technical Indicators

Name Value Action
RSI(14) 82.633 Overbought
STOCH(9,6) 99.364 Overbought
STOCHRSI(14) 82.850 Overbought
MACD(12,26) 212.090 Buy
ADX(14) 58.547 Buy
Williams %R -0.691 Overbought
CCI(14) 86.3488 Buy
ATR(14) 92.6677 High Volatility
Highs/Lows(14) 234.8574 Buy
Ultimate Oscillator 74.336 Overbought
ROC 3.381 Buy
Bull/Bear Power(13) 378.8268 Buy

Buy: 6

Sell: 0

Neutral: 5

Summary: STRONG BUY

Moving Averages

Period Simple Exponential
MA5 18350.81
Sell
18313.95
Buy
MA10 18206.28
Buy
18212.30
Buy
MA20 17970.55
Buy
18034.65
Buy
MA50 17681.76
Buy
17799.78
Buy
MA100 17598.85
Buy
17783.93
Buy
MA200 17987.97
Buy
17889.23
Buy

Buy: 11

Sell: 1

Summary: BUY

 

INDEX FUTURE Technical Analysis

Technical Indicators

Name Value Action
RSI(14) 68.635 Buy
STOCH(9,6) 81.320 Overbought
STOCHRSI(14) 69.375 Buy
MACD(12,26) 40.610 Buy
ADX(14) 37.897 Buy
Williams %R -13.204 Overbought
CCI(14) 87.1308 Buy
ATR(14) 29.0179 Less Volatility
Highs/Lows(14) 30.4107 Buy
Ultimate Oscillator 60.793 Buy
ROC 1.125 Buy
Bull/Bear Power(13) 59.4520 Buy

Buy: 9

Sell: 0

Neutral: 2

Summary: STRONG BUY

Moving Averages

Period Simple Exponential
MA5 8158.40
Buy
8154.02
Buy
MA10 8136.98
Buy
8138.63
Buy
MA20 8104.49
Buy
8106.50
Buy
MA50 8029.55
Buy
8067.61
Buy
MA100 8049.72
Buy
8091.33
Buy
MA200 8192.96
Sell
8141.48
Buy

Buy: 11

Sell: 1

Summary: STRONG BUY

 

Bank INDEX Technical Analysis

Technical Indicators

Name Value Action
RSI(14) 61.610 Buy
STOCH(9,6) 99.312 Overbought
STOCHRSI(14) 70.284 Buy
MACD(12,26) 62.130 Buy
ADX(14) 24.783 Neutral
Williams %R -0.787 Overbought
CCI(14) 62.6467 Buy
ATR(14) 72.5033 Less Volatility
Highs/Lows(14) 21.1929 Buy
Ultimate Oscillator 53.422 Buy
ROC 0.534 Buy
Bull/Bear Power(13) 99.0000 Buy

Buy: 8

Sell: 0

Neutral: 3

Summary: STRONG BUY

Moving Averages

Period Simple Exponential
MA5 17693.59
Sell
17686.36
Buy
MA10 17660.74
Buy
17667.25
Buy
MA20 17603.77
Buy
17607.11
Buy
MA50 17486.00
Buy
17550.84
Buy
MA100 17565.98
Buy
17659.34
Buy
MA200 17996.58
Sell
17861.52
Sell

Buy: 9

Sell: 3

Summary: BUY

 

Market outlook

Index slowly commencing upward journey. Today it got good support from all around but not bank index. Big boss Reliance seems to be in big mood to move up. If big daddy goes up, no force can keep nifty down. Fingers crossed.

We will have lot of hiccups and speed breakers on the way up. Today last 30 minutes saw index give up most of the gains. It can be attributed to profit booking.

Index is well within the path as depicted on chart. Two long term trend lines have been added. Index has to cross the area formed by upper trend line and round bottom line. Once it is above it, swifter moves can be expected.

If index fails to cross upper trend line and falls below 7900 then it is likely to touch lower trend line. This may take it to 7800 or lower.

nifty-1706

 

Points of worry :

Continued selling by FIIs.

Option writing clues show support at 8000 and resistance at 8200-8300.

With only 6 sessions left before expiry, only an unexpected good news or huge buying by FII can help nifty take out resistance.

First hurdle is close above 8163.

MARKET OUTLOOK

Index today gave smart recovery and closed well above 8000. Support came from all around specially banknifty.

As mentioned in previous post, nifty seems to be following possibility no 1. Now to not falter, it should remain above 8000 and also cross 8240 decisively.

Today it has broken short term falling trendline as shown in chart. Possibility of rounding bottom formation has come alive as depicted in chart. If it happens we are on our way to 8500 with few pot holes and speed breakers. Hoping that Fed and Greece would not play major spoil sport.  These news are more or less discounted however still impact on actual news remains to be seen.

nifty-1606

Point of worry is selling by FII continue in both cash and futures. Hope in coming days it will get reversed.

If market closes above 8240 for 2-3 days, we may be in for a surprise expiry.

As mentioned in previous post..Trading is simple now..Short below 8000 and long above it…

OVER SOLD

ADANIENT
ASIANPAINT
BAJAJCORP
BOMDYEING
DENABANK
DRREDDY
FINANTECH
GNFC
HINDALCO
HMT
INDIACEM
IOB
IVRCLINFRA
JETAIRWAYS
KESORAMIND
MCX
ORIENTBANK
PNB
RIIL
ROLTA
SOBHA
TATAMETALI
UTTAMSTL
VIJAYABANK

OVER BOUGHT

CUMMINSIND
Crude$
GAIL

 

INDEX FUTURE Technical Analysis

Technical Indicators

Name Value Action
RSI(14) 49.893 Neutral
STOCH(9,6) 59.561 Buy
STOCHRSI(14) 66.748 Buy
MACD(12,26) -3.400 Sell
ADX(14) 26.479 Sell
Williams %R -46.828 Neutral
CCI(14) 51.9109 Buy
ATR(14) 34.0714 Less Volatility
Highs/Lows(14) 0.0000 Neutral
Ultimate Oscillator 45.437 Sell
ROC 0.364 Buy
Bull/Bear Power(13) 13.3200 Buy

Buy: 5

Sell: 3

Neutral: 3

Summary: BUY

Moving Averages

Period Simple Exponential
MA5 8009.75
Sell
8003.07
Sell
MA10 7992.57
Buy
7994.84
Buy
MA20 7972.86
Buy
7998.53
Buy
MA50 8020.47
Sell
8025.99
Sell
MA100 8091.23
Sell
8094.03
Sell
MA200 8243.20
Sell
8171.95
Sell

Buy: 4

Sell: 8

Summary: SELL