Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

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

Nifty Positional Long and Short Based on TRIN

by 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

Related Readings and Observations

  • MCX bullion basket welcomes ‘GOLD GLOBAL’MCX bullion basket welcomes ‘GOLD GLOBAL’ Gold Global is an international price based contract, exclusive of import premium, customs duty, sales tax/VAT, and domestic market premium among others. ‘Gold Global’ makes the refiners, […]
  • Hourly Nifty and Reliance Chart for 4th October 2010Hourly Nifty and Reliance Chart for 4th October 2010 Nifty Hourly Charts with buy signal during the first hourly of last friday and currently with Trailing stop loss near 6019. Reliance(Spot) Hourly Charts with buy signal with Trailing […]
  • Nifty June 2016 Trend Overview – Top Down ApproachNifty June 2016 Trend Overview – Top Down Approach If you are trading any charts to get a clear view about the trend it is good to start with Dalton's Top Down Approach. In the top down approach we will start the day by looking into the […]
  • Buy : Dish TV : Short Term TargetBuy : Dish TV : Short Term Target Charts for Targets#1    Stock : Dish TV CMP : Rs 17.05Target: Rs 26Returns : More than 50%Time Frame : 2-3 monthsStop Loss : Rs 16 on closing basisCharts Shown : Dish […]
  • MC Tracker v1.0MC Tracker v1.0 MC Tracker v1.0 is a simple MS Excel Based tool Which does   Live NSE Index Update (Auto Refresh Every 1min) SMR Computations (EOD) PCR Ratio(Live - Updates every 1 min) Indian […]
  • Ideal Nifty trade for 17th Dec 2009Ideal Nifty trade for 17th Dec 2009   Hold Longs(Intraday) only above 5060 or Hold Shorts(Intraday) only below 5005 No positions between 5005-5060. All thelines in Nifty 5 min(Spot) charts indicates GANN FAN […]

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

Leave a Reply

%d bloggers like this: