Hi,
I have started learning a new trading system and the first step is to have an idea of which side the index may go in next few weeks. Don't need precise data just an estimate of whether the market is bullish / bearish or neutral is sufficient. It will be beneficial if I can find the magnitude of the move but direction of move too will be sufficient.
Open Interest in Nifty options are one way to have an estimate another is Put Call Ratio. What other indicators can forecast the direction of market.
Please help.
I have started learning a new trading system and the first step is to have an idea of which side the index may go in next few weeks. Don't need precise data just an estimate of whether the market is bullish / bearish or neutral is sufficient. It will be beneficial if I can find the magnitude of the move but direction of move too will be sufficient.
Open Interest in Nifty options are one way to have an estimate another is Put Call Ratio. What other indicators can forecast the direction of market.
Please help.