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nifty and trin |
svkum
White Belt
Joined: 14 Feb 2007
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Post: #1  Posted: Thu Dec 12, 2013 1:28 am Post subject: nifty and trin |
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AS we see whenever TRIN is between 0.5 and 0.6 , there is steep correction in nifty after it has advanced some 200 pts .
AS can be seen in 4 occasions.
here again nifty may face correction of 400 pts may be at 6500-6600 range .
LETS see 5th time if it shows same results . |
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rameshraja
Expert
Joined: 24 Nov 2006
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| Post: #2 Posted: Thu Dec 12, 2013 7:11 am Post subject: |
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Hello Mr SVKUM
Namaskar.. Good analysis. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #3 Posted: Thu Dec 12, 2013 8:12 am Post subject: Re: nifty and trin |
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| svkum wrote: | AS we see whenever TRIN is between 0.5 and 0.6 , there is steep correction in nifty after it has advanced some 200 pts .
AS can be seen in 4 occasions.
here again nifty may face correction of 400 pts may be at 6500-6600 range .
LETS see 5th time if it shows same results . |
but in May nifty actually went up while in aug it fell sharply when trin was way above 1.? |
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svkum
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| Post: #4 Posted: Thu Dec 12, 2013 8:48 am Post subject: |
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vinay28
pl read what i said
after reaching trin in bottom area , nifty corrects AFTER IT ADVANCES SOME 200 PTS , by that time trin may also rise . see when is the trigger and when correction starts . |
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pkholla
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Posts: 2890
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| Post: #5 Posted: Thu Dec 12, 2013 10:14 am Post subject: |
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svkum: I hope u dont mind that I am posting a brief description of TRIN from Wikipedia:
[The TRIN, or Arms index, developed by Richard Arms in 1970s, is a short-term technical analysis stock market trading indicator based on the Advance-Decline Data.[1]The name is short for TRading INdex. The index is calculated as follows:
TRIN= (advancing issues/declining issues)/ (advancing volume/ declining volume)
A value below 1 usually indicates bullish sentiment, and a value above 1 – bearish. A reading reaching 1.5 is very bearish. The index was introduced by Richard Arms, and is continuously displayed during trading hours, among other indices, on the New York Stock Exchange's central wall display for the stocks traded on that exchange.
The index is calculated based on number of shares traded, not their dollar value. Therefore, a highly-traded stock with a low share price will affect the index more than the same dollar volume traded in a higher-priced stock.]
Cheers, Prakash Holla |
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SwingTrader
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Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
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| Post: #6 Posted: Thu Dec 12, 2013 10:20 am Post subject: |
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A relevant thing I want to point out is that the trin chart we have provided on the "Breadth Charts" page is actually a 10 SMA of trin (as indicated on the chart axis itself). To view the raw trin chart, use $NSETRIN as the symbol code in Charts Premium or JCharts (Premium) using "Daily" timeframe option. Make sure you view the chart as a line chart as trin appears only as tick.
_________________
Srikanth Kurdukar
@SwingTrader |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #7 Posted: Thu Dec 12, 2013 10:55 am Post subject: nifty and trin |
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| pkholla wrote: | svkum: I hope u dont mind that I am posting a brief description of TRIN from Wikipedia:
[The TRIN, or Arms index, developed by Richard Arms in 1970s, is a short-term technical analysis stock market trading indicator based on the Advance-Decline Data.[1]The name is short for TRading INdex. The index is calculated as follows:
TRIN= (advancing issues/declining issues)/ (advancing volume/ declining volume)
A value below 1 usually indicates bullish sentiment, and a value above 1 – bearish. A reading reaching 1.5 is very bearish. The index was introduced by Richard Arms, and is continuously displayed during trading hours, among other indices, on the New York Stock Exchange's central wall display for the stocks traded on that exchange.
The index is calculated based on number of shares traded, not their dollar value. Therefore, a highly-traded stock with a low share price will affect the index more than the same dollar volume traded in a higher-priced stock.]
Cheers, Prakash Holla |
Prakash, the good catch I see in using TRIN is "The index is calculated based on number of shares traded, not their dollar value. Therefore, a highly-traded stock with a low share price will affect the index more than the same dollar volume traded in a higher-priced stock.", where the TRIN usage needs caution. |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #8 Posted: Thu Dec 12, 2013 11:02 am Post subject: Re: nifty and trin |
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| rsnerella wrote: | | Prakash, the good catch I see in using TRIN is "The index is calculated based on number of shares traded, not their dollar value. Therefore, a highly-traded stock with a low share price will affect the index more than the same dollar volume traded in a higher-priced stock.", where the TRIN usage needs caution. |
rsn: We should value TRIN for another reason.
I mean, look at current rally to 6400 NF caused by a few stocks, artificial. The economy is in bad shape, banks are loaded with bad loans. Auto companies are NOT doing well but shares at historic highs eg Maruti
A true rally caused by length and breadth of market going up (as in 2010) will be recognized as such by TRIN
I congratulate svkum for bringing this valuable indicator to our attention
Cheers, Prakash Holla |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #9 Posted: Thu Dec 12, 2013 11:08 am Post subject: Re: nifty and trin |
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| pkholla wrote: | | rsnerella wrote: | | Prakash, the good catch I see in using TRIN is "The index is calculated based on number of shares traded, not their dollar value. Therefore, a highly-traded stock with a low share price will affect the index more than the same dollar volume traded in a higher-priced stock.", where the TRIN usage needs caution. |
rsn: We should value TRIN for another reason.
I mean, look at current rally to 6400 NF caused by a few stocks, artificial. The economy is in bad shape, banks are loaded with bad loans. Auto companies are NOT doing well but shares at historic highs eg Maruti
A true rally caused by length and breadth of market going up (as in 2010) will be recognized as such by TRIN
I congratulate svkum for bringing this valuable indicator to our attention
Cheers, Prakash Holla |
Yes Prakash, I see definitely going to be active at svkum levels surely  more precisely in 6560 ranges.... |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #10 Posted: Thu Dec 12, 2013 11:22 am Post subject: |
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| svkum wrote: | vinay28
pl read what i said
after reaching trin in bottom area , nifty corrects AFTER IT ADVANCES SOME 200 PTS , by that time trin may also rise . see when is the trigger and when correction starts . |
ok |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #11 Posted: Thu Dec 12, 2013 11:24 am Post subject: |
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| SwingTrader wrote: | | A relevant thing I want to point out is that the trin chart we have provided on the "Breadth Charts" page is actually a 10 SMA of trin (as indicated on the chart axis itself). To view the raw trin chart, use $NSETRIN as the symbol code in Charts Premium or JCharts (Premium) using "Daily" timeframe option. Make sure you view the chart as a line chart as trin appears only as tick. |
it has remarkable similarity with your rank, ST. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #12 Posted: Thu Dec 12, 2013 3:58 pm Post subject: |
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not got it...sorry folks...it means to say, after advanced 200-300 points advance that fall comes....
i) from now on when advance goes to 6500+
or
ii) decline already started [steep] as per Trin |
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ca.krishna
White Belt
Joined: 17 Sep 2013
Posts: 158
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| Post: #13 Posted: Fri Dec 13, 2013 1:06 pm Post subject: Re: nifty and trin |
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Hi SVKUM....can you please update the Nifty Trin with yesterday close....it will be helpful in deciding the trade to be taken for next week.
Thanks
| svkum wrote: | AS we see whenever TRIN is between 0.5 and 0.6 , there is steep correction in nifty after it has advanced some 200 pts .
AS can be seen in 4 occasions.
here again nifty may face correction of 400 pts may be at 6500-6600 range .
LETS see 5th time if it shows same results . |
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