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.

10 day SMA of Trin nears 1

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10 day SMA of Trin Near 1. Avoid shorting until Nifty Dips below 4509. If Dips below 4509 then trend will be rangebound between 4509-4253 Also have a close eye on trin. Trin Dipping below 1 now provides buying oppurtunity in the market. Negative Factors: 1)Lower PCR(0.82) suggests overconfident markets… but not a bullish nature 2)Weekly RSI-2 of USD Index trading below heavily oversold levels. Possibly this could invoke FII selling in short term 3)TRIN Still abpve 1 4)Negative Divergence in Hourly charts 5)Weekly Supports near 4250 levels…far away from the spot Rest Everything looks bullish!!!!

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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