Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Nifty Positional Long and Short Based on TRIN

35 sec read

The chart presented illustrates the comparison between the Nifty index and the 10-day Simple Moving Average (SMA) of the TRIN (Trading Index).

  • Red Line: Represents the TRIN.
  • Blue Line: Represents the Nifty index.

This visualization offers a straightforward approach to determining the optimal moments for initiating positional trades based on the 10-day SMA of TRIN:

  • For Positional Shorts: Consider taking a short position when the 10-day SMA of TRIN crosses above the 1.0 mark, indicating an overbought condition.
  • For Positional Longs: A long position may be favorable when the 10-day SMA of TRIN falls below 1.0, signaling an oversold situation.

To explore the 10-day SMA TRIN charts for Nifty, follow the provided details.

In essence, a rising TRIN indicates increasing bearish control over the market. Conversely, a declining TRIN suggests that bullish sentiment is gaining strength, as evidenced by higher volumes moving into advancing stocks compared to declining ones.

Currently, the TRIN setup is showing an downward trend indicating a bullish trend overall in the short to medium term.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in)

Nifty and BankNifty 90 min charts update for 16th…

Nifty turns to sell mode on 90 min charts with trailing resistance coming near to the 5500. Similarly Bank Nifty too in sell mode...
Rajandran R
10 sec read

Nifty and BankNifty 90 min charts update for 15th…

Nifty turns to buy mode with cloud supports coming near to 5460-5470 zone. And Bank Nifty still in sell mode with resistance near 10900....
Rajandran R
8 sec read

Nifty Week End Review

Nifty week end review on daily and 90 min timeframe and Nifty Option Details
Rajandran R
32 sec read

One Reply to “Nifty Positional Long and Short Based on TRIN”

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More