Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

NSE Breadth Indicators

22 sec read


 
Its interesting to look into the breadth indicators as the market reached newer highs and even tested the 6000 mark breadth indicators are throwing contradictory signals against the trend.

In a bull market – Trin value 1 points to oversold level and 0.5 value points to Overbought level. And this time trin is even lower than 0.5(Ultra Bullishness)
which could probably mark a short term top. Also the advance decline line is near to its newer low once again… which again and again proving that majority of the stocks are dumped on only selective buying happens in the market for the past one year.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

NSE Breadth Indicators

Its interesting to look into the breadth indicators as the market reached newer highs and even tested the 6000 mark breadth indicators are throwing...
Rajandran R
22 sec read

NSE Advance-Declines at newer low

Today the Breath Chart - Advance-Decline index moves to the newer low which symbols a great divergence in the Advance decline index and the...
Rajandran R
16 sec read

2 Replies to “NSE Breadth Indicators”

  1. Dear Sir,

    I am very much impressed by your article regarding TRIN and the inferences which can be derived from this simple plotting of TRIN values against Nifty spot levels.

    Can similar inferences be drawn by using the PCR (Put Call Ratio)…?

    PCR for index option, stock options and total (as per NSE website)
    are different for each day.

    I have observed that with rising PCR (index options) the market rises and with falling PCR (index options) the market falls. This is just my observation over the last six months, no statistics have been maintained by me.

    One request, is it possible for you to provide the TRIN and A/D number along with Nifty spot levels for the last 2 yrs in a excel format (office 2003) for my personal study and better understanding of the concept ?

    If yes, appreciate your time and efforts.

    Best regards,
    CT
    carnot11@gmail.com

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