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.

Twiggs Money Flow Update for Nifty and Bank Nifty

55 sec read

Nifty and Bank Nifty Daily Charts with Twiggs money flow indicator (Smoothed version) indcates that a possible turn around from the bottom and shorter term bullishness could continue despite slowdown in IIP numbers. India’s industrial released post friday trading indicates that output fell the steepest in 3 months by 1.9% in October from 0.7% expansion in September. If any negative jerks in the market due to those news factors could last only for a very short duration.

Nifty Daily Charts

Markets shown stability despite poor Nikkei PMI figures and RBI maintains status, which is perceived as negative sentiment for the markets.Daily Sentiments for both Nifty and Bank Nifty remains positive. However US Markets are hitting all time high and the global sentiment market mood is all setup before the FED announcement begin next week on 13th-14th Dec 2016.

Bank Nifty Daily Charts

Nifty Open Interest Lookup

At this point Nifty put writers are very much active at 8000PE zone since the start of the series and the call writers for this series are not confident yet however 8300CE, 8400CE, 8500CE holds higher open interest on the call side but not significant though. Which in turn implies that market range on the upperside could be extended anywhere between 8300-8500 zone. On the downside 8000PE writers are strong in protecting the 8000 zone.

India VIX Daily Charts

Volatility in the market is inching down and currently trading at 15 handle.

Participation OI indicates that FII’s are increasing their net longs in Index futures and Retails traders are increasing their net shorts

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.

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One Reply to “Twiggs Money Flow Update for Nifty and Bank Nifty”

  1. Mr Rajandran, earlier in market profile for both nifty & bank nifty values were coming.. Now it is not coming, appreciate if you can look into it & arrange for rectification. Regards, Shankar

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