Dear Fellow Traders,
This indicator for BankNifty INTRADAY trading is based on Market Internals - and TICK
These Market Internals, also known as Breadth Tools helps in identifying the overall market sentiment.
Just doing some on Price action doesn't provide good results.
Price action along with gives a meaningful insight and helps in improving the accuracy.
But simple information is not sufficient to take a directional view on the markets. A segmentation of POSITIVE and NEGATIVE gives a clear picture of the symbol movement.
We can get the information FOR ANY STOCKS anywhere. But, INFORMATION FOR AN INDEX ALONG WITH POSITIVE AND NEGATIVE VOLUMES are not available in normal trading platforms. 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
2) THE INFORMATION IS BIFURCATED INTO POSITIVE AND NEGATIVE , WHICH HELPS IN DECIDING THE MARKET DIRECTION.
P.S: This is an Invite-only indicator. Inbox me for getting access.