SHORT-TERM VIEW OF (NIFTY)

SHORT-TERM VIEW OF  (NIFTY)
as on 11/09/2010 1:49:00 PM
PRICE AND MOVING AVERAGES :-
NIFTY (6260.5)  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   6,248.953
The relationship between price and moving averages is: neutral in short-term, and neutral in mid-long term.

BOLLINGER BANDS :-
NIFTY  has closed BELOW upper band by 18.6%.
Bollinger Bands are 48.4% 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  1 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 = 6,225.397
RSI SHORT-TERM VIEW OF  (NIFTY)
as of 11/09/2010 1:51:00 PM
The current value for the RSI is   64.802

The RSI, written by J. Welles Wilder in 1978, can be used in several different ways to analyze a chart.
Tops and Bottoms:

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.

 BUY / SELL SIGNALS :-
A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.
The last signal was a SELL  1 period(s) ago.

CHART FORMATIONS :-
The RSI often forms chart patterns (such as head and shoulders or rising wedges) and support/resistance levels that may or may not be visible on the price chart.  Since the analysis of chart patterns/formations is subjective, the automatic interpretator cannot find them.  Please visually inspect the chart and look for such patterns.

Failure Swings (also known as support or resistance penetrations or breakouts):The RSI does not currently show any Failure Swings.

DIVERGENCE :-
The RSI and price are not diverging.
 MACD
Date: 11/09/2010 1:52:00 PM

MACD SHORT-TERM VIEW OF   (NIFTY)
as of 11/09/2010 1:52:00 PM

CURRENT STATISTICS

Close: 6,258.250
Change:  -18.950
MACD Value:   73.721
Signal Line:   60.126


The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.


CROSSOVERS :-

Currently the MACD is bullish since it is trading above its signal line.
The MACD crossed above its signal line 3 period(s) ago.
Since the MACD crossed its moving average, NIFTY's price has decreased   -0.445
And has ranged from a high of 6,338.500 to a low of 6,199.350

OVER BOUGHT/OVERSOLD :-
The MACD is not in an Overbought/Oversold range.

MACD DIVERGENCE :-
There have been no divergence signals within the last 5 periods.
 ADX SHORT-TERM VIEW OF  (NIFTY)
as of 11/09/2010 1:52:00 PM
ADX DIRECTIONAL MOVEMENT:-

Plus directional movement index line (+DI) is currently above minus directional movement index (-DI)
It crossed above 6 bars ago.

Welles Wilder (the author of Directional Movement indicator) suggests buying when the +DI rises above the -DI and selling when the +DI falls below the -DI.

Crossover happened more than 3 bars ago, so it is too late to act on this signal.

TREND STRENGTH :-

The ADX is currently   24.960 and falling.
This suggests that the trend is rather weak or very weak. Important: when trend is weak directional movement system generates signal too frequently and whipsaws can 'eat' all your profits.

THIS COMMENTARY IS NOT A RECOMMENDATION TO BUY (OR) SELL, USE AT YOUR OWN RISK

.NIFTY 11/09/2010 1:52:00 PM Price: 6258.3\c22  ADX  24.960\c29  +DMI  32.622\c32  -DMI  21.121