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You are here: Home / Futures and Options / Interesting Charts to Watch Ahead of Budget 2016

Interesting Charts to Watch Ahead of Budget 2016

February 27, 2016 by Rajandran Leave a Comment

Sensex and Gaps
Gap and Sensex

Sensex in February month had lost almost 6.9% and this is the 6th consecutive month sensex is making lower lows and lower highs. And the current down slide from OCT 2015 had left 4 gaps left unfilled in Sensex around 27318, 25357, 24196, 23361. So are we testing the first gap zone 23361 this Budget 2016?

Relative Study

CNX Metal

RRG Charts shows the relative study of NSE sectoral indices with respect to CNX Nifty. Metals, Realty, Small Cap, Energy, Media, IT are gaining Momentum relative to CNX Nifty

CNX Energy and CNX Metal Weekly Sentiment

CNX Energy and CNX Metals are the two sectors where the sentiment turned positive on the weekly charts and also relatively outperforming CNX Nifty in the current downfall. In FEB 2016 CNX Metals lost -1.7% and outperforming Sensex greatly. However CNX Energy lost -9.4% this month but still the weekly sentiment turned positive.

CNX Energy Weekly Charts
CNX Engergy

CNX Metal Weekly Charts
CNX Metal Weekly

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Filed Under: Futures and Options Tagged With: Budget 2016, CNX Energy, CNX Metal, RRG Graph, RRG Study, Sensex, Weekly Sentiment

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

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