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.

Nifty Big Picture – Long Term Overview

36 sec read

Nifty PE Ratio

Nifty PE ratio hovering above 26 levels for the the past 1-month. Monthly trading sentiment is continuing positive and at the extreme. Yearly profile shows a trending market with poor structure, which indicates short term is still bullish however the participation is getting more and more emotional in buying. Lack of symmetrical structure often suggests how emotional/patriotic long term players are!

Nifty Spot Yearly Profile

Short term supports for this month comes in the range of 10200-10300 levels. Immediate larger corrections are not expected for this month though there are some global jitters last week. Any temporary corrections are more likely to be bought back. However larger picture is still concerning from investment perspective as the end of this emotional phase is increased volatility.

Nifty Monthly Sentiment

Hedging is the mantra for long term inventors to protect from any increased volatility. If you are a trend follower still one can be riding the trend and contrarian thinking about a bear market is still not a appropriate time.

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.

Nifty Look Below Balance and Fail – Targets 15400…

Nifty Futures on the Daily charts trading in a 1000 points range between 14400 - 15400 approximately for more than 2 months. It is...
Rajandran R
21 sec read

Nifty Hedged Futures – Apr 2021 – Short Term…

Nifty Futures had made a sharp drop on Monday Morning (5th Apr 2021) almost touched 14500 levels however post that market had done a...
Rajandran R
1 min read

Options Strategy: Nifty Weekly Bull Put Spread

Nifty Apr Series on the hourly timeframe showed trend exhaustion and the Nifty Futures is trading with 100 pts of premium. Trading sentiment flipped...
Rajandran R
37 sec read

One Reply to “Nifty Big Picture – Long Term Overview”

Leave a Reply

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