Market Trend Map
What is the Market Trend Map?
Market Trend Map simply illustrates the trend of the S&P CNX Nifty and other broad based market indices. Whenever prices are visible in Blue, trend of the market is up and whenever prices are visible in Red, trend of the market is down. The parameters used for determining the trend of the market incorporate the Price structure, Volumes and Momentum. These parameters have been gelled together into a “Model” using Amibroker. Market Trend Map thus provides an easy visual depiction of the current trend of the market for those market participants who do not have the time to go through our market analysis articles and videos.
How to use the Market Trend Map?
Market trend map does not provide entry and exit signals. It simply illustrates the current trend in the market. Therefore, if the price is plotted in the Red, then this signifies that the current market is a Sell/Short on rally kind of market and participants must look towards exiting their positions or should look towards building short positions.
Historical Performance of the Market Trend Map?
Currently the Market trend map is being made available for Nifty & Bank Nifty. However, at later stage, the same would be made available for individual stocks. Historical performance of Nifty and Bank Nifty will be available on their respective pages.