Rajandran R FollowCreator 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
Sensex and Twiggs Money Flow Indicator
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Though majority of the indicators went into buy mode after closing above 2860 in nifty. But still it is unclear how much upside remains or either the uptrend is going to continue or not.
Also my 5EMA + 2 RSI + TRIN Everything in buy mode….. Even 10 day of SMA also shows a bullish signal
But Sensex 5 Year Charts shows 13 Week Twigg's Money Flow Oscillator still maintains below zero shows increased selling pressure.
Now at this point of time its wise to go long only if twiggs money flow oscillator moves above Zero…. or wait for sell signal and catch it only if 2821 breaks on closing basis.
So Buy/Sell ???? Its Difficult to judge the market at this point. As per my knowledge markets ends in an uncertain state.
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Rajandran R FollowCreator 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