I have been purely trading Nifty based on TA.
I would like to incorporate fundamentals data too but this is a brand new area to me.
Usually opening price is influenced by big money, they all react to fundamental insights, for instance SGX Nifty usually picks the steam of the day even before NSE starts, so these guys are trading fundamental insight unlike retail TA traders.
If I want to apply fundamental analysis to NIFTY, what should I be tracking? Can someone throw some pointers for relevant information and links?
Here are few things I think can be useful if tracked (but have not fully tried myself):
* interest rates
* election results
* USD INR and index correlations
I would like to incorporate fundamentals data too but this is a brand new area to me.
Usually opening price is influenced by big money, they all react to fundamental insights, for instance SGX Nifty usually picks the steam of the day even before NSE starts, so these guys are trading fundamental insight unlike retail TA traders.
If I want to apply fundamental analysis to NIFTY, what should I be tracking? Can someone throw some pointers for relevant information and links?
Here are few things I think can be useful if tracked (but have not fully tried myself):
* interest rates
* election results
* USD INR and index correlations