_Price15 min chart
Date: 10/29/2010 10:52:00 AM
PRICE AND MOVING AVERAGES :-
NIFTY (5984.05) has closed above its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages, and STOPLOSS 5,987.438
The relationship between price and moving averages is: neutral in short-term, and neutral in mid-long term.
BOLLINGER BANDS :-
NIFTY has closed above bottom band by 31.6%.
Bollinger Bands are 156.3% wider than normal.
The large width of the bands suggest high volatility as compared to NIFTY 's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 10 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
Weighted
CURRENT VALUE FOR THE AVARAGE( 9 ) periods is = 5,985.927
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