Hai Traders,
I am trying to find out how we can analyse the trend of Nifty without watching any charts.Too much data is available from NSE web site and also from google and yahoo.
I use the following:
1. Advance Declines of Nifty 50 stocks based on their intraday Pivots.
2. Advance Declines of Major Spot Indices based on their intraday Pivots.
3. Option Analysis Put Call ratios.
4. World Markets.
What else we can use to find out the trend. I also tried to find out advance declines of Nifty 50 stocks not merely based on their closing prices but also taking their weightage into account. Top 10 stocks in Nifty adds more than 50% of weightage of Nifty. The movement of those stocks can hold,pull or push Nifty.Does anybody tried this...I tried and failed.
I request the senior traders to help me in this aspect how to read the trend without watching charts..old fashioned but think should work.
Please don't include Pivot trading as it does not reflect the total sentiment of market.(Excuse me if i am wrong)
I am trying to find out how we can analyse the trend of Nifty without watching any charts.Too much data is available from NSE web site and also from google and yahoo.
I use the following:
1. Advance Declines of Nifty 50 stocks based on their intraday Pivots.
2. Advance Declines of Major Spot Indices based on their intraday Pivots.
3. Option Analysis Put Call ratios.
4. World Markets.
What else we can use to find out the trend. I also tried to find out advance declines of Nifty 50 stocks not merely based on their closing prices but also taking their weightage into account. Top 10 stocks in Nifty adds more than 50% of weightage of Nifty. The movement of those stocks can hold,pull or push Nifty.Does anybody tried this...I tried and failed.
I request the senior traders to help me in this aspect how to read the trend without watching charts..old fashioned but think should work.
Please don't include Pivot trading as it does not reflect the total sentiment of market.(Excuse me if i am wrong)