How To Analyse Trend Without Charts

Dawood

Dawood

Active Member
#1
#1
Hai Traders,

I am trying to find out how we can analyse the trend of Nifty without watching any charts.Too much data is available from NSE web site and also from google and yahoo.
I use the following:
1. Advance Declines of Nifty 50 stocks based on their intraday Pivots.
2. Advance Declines of Major Spot Indices based on their intraday Pivots.
3. Option Analysis Put Call ratios.
4. World Markets.

What else we can use to find out the trend. I also tried to find out advance declines of Nifty 50 stocks not merely based on their closing prices but also taking their weightage into account. Top 10 stocks in Nifty adds more than 50% of weightage of Nifty. The movement of those stocks can hold,pull or push Nifty.Does anybody tried this...I tried and failed.

I request the senior traders to help me in this aspect how to read the trend without watching charts..old fashioned but think should work.

Please don't include Pivot trading as it does not reflect the total sentiment of market.(Excuse me if i am wrong)
 
S

Sunny1

Well-Known Member
#2
#2
Observe and Learn is all I can say.
but dont put your own logic and observe..which would fail. logic comes always after gaining some info or more much info.
what you do is observe and then think logically..and you will start learning.

doing without charts..will bit more time to learn.and price volume comes first try to remember and read that.

And dont forget to read "Reminiscences of stock operator" a book..
 
NTrader42

NTrader42

Well-Known Member
#3
#3
Hello

Just take the daily close declared by NSE (adjusted) and compare it with 2 or 4 days or week or whatever your choice. This will tell you the trend.

What else is a trend, it tells us if the price is growing or reducing over a period of time (of your choice).

Happy Trading
 
SavantGarde

SavantGarde

Well-Known Member
#8
#8
Hi Dawood,

Here is something you can try and see if you are able to spot the trend...

Either a notebook or an excel...preferably a notebook

Vertical column headers you will need are as follows:

DATE, OPEN, HIGH, LOW, CLOSE & VOLUME (Though volume isn't necessary.)

With every date note down the above in the order mentioned...at the end of the week draw a thick line below Friday's entry & circle the High & Low Of the week.....

Practice this for sometime.....and you will be amazed how much you can glean from this jotting down at a glance.... (You have to do it yourself for it to be effective..Don't get get some assistant or cousin to do it for you..:)

If you do undertake, what is suggested.... then let me know in a couple of months.... about your observation.

SG


Dawood said:
Hai Traders,

I am trying to find out how we can analyse the trend of Nifty without watching any charts.Too much data is available from NSE web site and also from google and yahoo.
I use the following:
1. Advance Declines of Nifty 50 stocks based on their intraday Pivots.
2. Advance Declines of Major Spot Indices based on their intraday Pivots.
3. Option Analysis Put Call ratios.
4. World Markets.

What else we can use to find out the trend. I also tried to find out advance declines of Nifty 50 stocks not merely based on their closing prices but also taking their weightage into account. Top 10 stocks in Nifty adds more than 50% of weightage of Nifty. The movement of those stocks can hold,pull or push Nifty.Does anybody tried this...I tried and failed.

I request the senior traders to help me in this aspect how to read the trend without watching charts..old fashioned but think should work.

Please don't include Pivot trading as it does not reflect the total sentiment of market.(Excuse me if i am wrong)
Click to expand...
 
Last edited:
MurAtt

MurAtt

Well-Known Member
#9
#9
hmm .. back to business ... The Bull has been spotted :D









Just joking SG. btw Hows u doing ?
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
R Suggestions for a good MF portfolio analyser Mutual Funds Discussion Forum 2
C Nifty & Stocks - Elliott wave analyses - daily/ swing trading ideas Technical Analysis 34
V Option analyser tool Options 1
S Please analyse this trade and give your opinion Day Trading 2
S Analyse Analysts Stock Recommendations AmiBroker 2

Similar threads