Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
Hi, Thanks for your response to my previous post which actually made profit for some traders. Expecting similar response for this post too.
https://in.tradingview.com/chart/NIFTY/B87sD1nY-Nifty-Shall-We-Get-Ready-For-A-Pullback/
So the rally did come, as per expectations, which took the index from 10701 to 10809 in just two trading sessions. However, it came ...
its rare but one of the pattern that is possible , You have to trail your stop if you are long , and once brake the all time top , Look for reversal on daily before Going for short
Bullish on indian market
as price is above the cloud and bear market start when price close below the 29000 level.
If new high on sensex then bear level 29000 is not valid.
Its difficult to spare time for publications. But 'we--the authors' can't resist to share interesting thoughts. I usually ask readers to 'hit the like button' b'coz that motivates us to write more robust analysis. So keep supporting and i ll keep sharing the scoop of knowledge that God has ushered upon me.
I could have just marked an arrow on the chart and said ...
See the RSI . Its in downtrend. Be ready to short around 10830 to 10850. Flag is in the making. The day i published of flag making , it is respecting the yellow downtrend line. Just short on any rise. Something big is going to happen. Market will fall .
What a performance by "Retracement and Reversal"!!! Crystal Clear.
Buy on around 1:15 pm @ 26500 and Zoommmmmm
Here it is how it performed in 3 min Timeframe.
https://in.tradingview.com/chart/BANKNIFTY/sEo3qjiJ-BankNifty-Goes-Zoom/
"Retracement and Reversal" Never Predicts.
I've observed that Nifty gave breakout of Head & Shoulder pattern suggesting the trend reversal, however another up sloping parallel channel is in force which can support and try to arrest the down more here. Interestingly it is at the same level of last swing low therefore confluence of these may work and give strength. We can see good tussle tomorrow and let's ...
The Good Trade Process
A good trader would do some analysis post market, some do it in the evening while the others at night but the time of analysis does not matter. He searches for his favorite setups on higher time frame charts and look for potential opportunities. He takes down only those trades which qualify his risk appetite. Opportunities with 1:2 or more ...
