Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Hourly Nifty and Advance-Decline Chart

September 30, 2010 26 sec read

NMA-Hourly Nifty Charts

Ichimoku-Hourly Nifty Charts

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Though there is a final hour surge in nifty after expiry, But Still the hourly strategy of both the NMA and Ichimoku remains with the sell signal with resistance coming near the 6030-6040(Approx) zone. Advance-Decline charts are proving that only few stocks are moving in the incremental direction and the most of the stock decline than the advaning stocks. Even Advance-Decline ratio is at newer low but Nifty is enjoying higher high’s and even newer high’s and rising TRIN indicates more declining stocks with volumes when compared to the advancing stocks as spotted in the earlier post about NSE Breath Indicators.

NSE Advance – Decline Line