BANKNIFTY Bearish Sentiment Capturing through Market InternalsHello Fellow Traders,
Today we have witnessed yet another bearish movement due to various factors including but not limited to Corona Virus, Oil Crash and many other factors.
Currently, the market reaction is entirely based on global cues and news events and rational/technical aspects of stocks are entirely off the table.
So, rather than depending on the Technical Indicators or Price action, it is necessary to analyze the overall market sentiments in terms of money inflow and outflow.
Happy and Successful Trading!!
NSE:BANKNIFTY
Breadth Indicators
Bank Nifty Indicator based on MoneyFlow_Min 40 to 50 pts gainHello Fellow Traders,
During these highly volatile times(due to corona), We doesn't know what direction the market moves.
We highly expect it to move downwards, but to our surprise, it may move upside, which has happened TODAY.
Thus, trading should not be a guessing game. It has to be based on the overall market sentiments. How the overall trading community is thinking, that's what makes the movement of the Index.
This tool caters to the same purpose. It analyses the market sentiments and provides indications according to that, ELIMINATING OUR OWN SPECULATIVE BIAS.
Based on today's indications, a profit of 40 to 50 points on BankNifty can be easily achieved through this tool.
Happy Trading!
P.S: Its an intraday tool. All the positions has to be closed before market close.
NSE:BANKNIFTY
BANKNIFTY Indication Tool - Accurately Predicted today's moveHello Fellow Traders,
I have created a trading strategy on BankNifty based on Market Internals - Advance/Decline Volume and TICK
These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment.
Just doing some technical analysis on Price action doesn't provide good results.
Price action along with Volume gives a meaningful insight.
But simple VOLUME information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE volume gives a clear picture of the symbol movement.
We can get the volume information FOR ANY STOCKS anywhere. But, VOLUME INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. We need to construct the VOLUME based on the underlying stocks(12 stocks for BankNifty). And this tool provides the exact feature.
In a nutshell,
1) THIS TOOL PROVIDES BUY/SELL INDICATIONS on the BANKNIFTY based on the underlying stocks' PRICE AND VOLUME
2) THE VOLUME INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE VOLUME, WHICH HELPS IN DECIDING THE MARKET DIRECTION.
This post is for today's market movements and the tool has predicted the right direction and it has helped in achieving a MINIMUM PROFIT OF 150 POINTS on BANKNIFTY.
BANKNIFTY
Happy Trading!
Dishtv broke the Market Profile Resistance - A good buy for 20%Dishtv broke the Market Profile Resistance - A good buy for 20% return in short duration
Market profile helps us to find the Value area acceptance and Rejection, Because Price a representation of Value. So price analysis is not required very much
Details mentioned in chart
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STOCKS TO AVOID < 3 > (conditional ..levels of 75) better stocks of the same sector are available like { X , Y ,Z } , I would enter the stock only if it sustains above 75 ... !
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