Nifty futures trading negative for the 9th consecutive day and one timeframe as well. And Quickflip continues it short signal for a 6th consecutive trading session on a 5min timeframe which is by any means overextended and the extreme sentiment indicator closed extremely negative.
Do simple Trading strategies really work in Indian Markets? It is the curiosity remains among most of the traders. Does a simple technical condition bring consistent returns in the markets despite commissions and slippages?
The India Algo Convention 2018, is the Annual Algo Event of Dravyaniti Consulting (www.dravyaniti.com).This is the largest gathering of some of the best quantitative minds in India and the World.These are practitioners of the craft, who will share their experiences in the 2-Day Residential event.
Inventory is getting short to too short again. Holding shorts could be risky here as the wednesday trading session showed a volatility decline despite a huge drop. Possible signs of short term trend reversal. Nifty is trading very close to the 200 moving average level. In such a situation when short covering happens one have to run for cover especially when inventory conditions are getting short to too short.
Python has taken the data analytics space by storm – more so in the financial services space. With the rapid growth of data and ever-increasing need to process data faster and getting results of back-testing in shorter spans of time, there is no other better time than now to delve into the world of languages like Python. To give a perspective, the Indian Market Fundamental Data on Quandl has a dataset of a little over 9.1 million rows.
Amibroker AFL 2015 – Bangalore Workshop Photo Gallery
Willam VIX FIX study has been applied over the daily and weekly charts of Nifty futures. And VIX FIX turning down from the peak indicate a possible bottom is already in place. On the weekly charts Nifty futures has to maintain 5197 Weekly 5EMA low as support on weekly basis. And the 5EMA High weekely levels are at 8483.
Gold (01.12.2014) reverse from $1207 mark which we mention as first resistance for bulls. However fall from mention level should taken as correction or profit booking but swiss gold referendum added more fuel & created panic selling.
Nifty Future breakout from the triangle last week after making the weekly low of 7993 and close the week at the highest level ever for the index. As from chart above one can clearly the breakout. Strong global cues backed up with higher liquidity in Indian market the trend was set after Tuesdays close above 8040 future.
After breakout from horizontal trading range in bank index the bank nifty future made its life time high’s in past week. The high made on future is 16632 and the weekly close was at 16483+. Now going forward for monday trading session the Hurdle for banknifty is at 16700 fresh buying will happen once this level sustains and since there is no resistance left for market its all a bulls play the trend will continue.
Marketcalls first Live Blogging on Election 2014 Results and Updates on Markets. Proud to say that first Indian trading blog to go for Live Blogging. It starts by 9a.m in the morning and ends by 6p.m Stay tuned.
Triple Momentum Strategy is from Gerald Appel, introduced in his 2005 book, “Technical Analysis: Power Tools for Active Investors.” It’s included on pages 58-63 of his book. That section is headed, “The Triple Momentum Nasdaq Index Trading Model.” Gerald Appel, is also probably best known for his creation – Moving Average Convergence Divergence (MACD).