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.

Interesting Charts to Watch Ahead of Budget 2016

32 sec read

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

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.

Sell in July and Go Away – July Market…

Markets have been one-sided in Nifty Futures this week. However, the development of information is quite serious and the market-generated information brings the odds...
Rajandran R
28 sec read

Short Covering from an Extreme Short Term Inventory –…

Nifty trading inventory goes short to too short as on last Monday trading session followed by a short-covering rally and this inventory adjustment process...
Rajandran R
22 sec read

State of the Market – 20th June 2022

It's Monday morning and SGX Nifty is trading sub 15300 levels and a little bit of nervousness in the markets as the last Thursday's...
Rajandran R
1 min read

Leave a Reply

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