Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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
Until now no Bullish Cues from Trin
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Until now 10 day SMA trin shows bearishness(raising trin) and today shows a sharp move
towards 2.0 i.e still at oversold levels(Delivery based selling zone)
Note : Only falling trin is considered as bullish. Raising Trin is Considered as bearish
Still Now.
1)No Bullish cues from TRIN(Still in raising mode)
2)No Bullish Cue from USD Index(Still remains rangebound)
3)Nifty Bearish Top formation in Weekly Charts
4)Reliance lagging Nifty – A Bearish Factor as per Dow theory if the market leader lags the index
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Rajandran R FollowCreator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. 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