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You are here: Home / Nifty Technicals / Nifty Positional Long and Short Based on TRIN

Nifty Positional Long and Short Based on TRIN

December 18, 2008 by Rajandran Leave a Comment


 

Chart Shown here is the Nifty chart in comparision with 10 day SMA of TRIN.
 
Red Line – TRIN
Blue Line – Nifty
Here is a simple view for you when to initiate positional longs/shorts based on 10 day SMA of Trin
 
Initiate Positional Shorts if 10 day SMA of TRIN crossed above 1.0(Overbought)
Initiate Positional Longs if 10 day SMA of TRIN dips below 1.0(Oversold)
 

check here for 10 day SMA Trin Charts for nifty

In short a rising Trin signals that the Bears are beginning to take control. Likewise, a falling Trin tells us that the Bulls are taking control of the direction of the market because a falling Trin shows us that more volume is flowing into advancing stocks than declining stocks.

And Current trin setup shows that there is a rising trin towards 1.0 which shows that
bears will be visible in couple of days.

Source:
www.marketcalls.in

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Filed Under: Nifty Technicals, TRIN

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Abhimanyu says

    April 18, 2009 at 8:03 am

    Where I can get TRIN formula for Amibroker

    Reply

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