Nitin Ranjan

June 9, 2023

#MarketQuadrant CW23/2023

Market Quadrant ⦿ Trend: Confirmed Uptrend ⦿ Momentum: Positive & improving ⦿ Breadth: Strong ⦿ Bias: Bullish ⦿ Swing Confidence: 75 Trend ⦿ Most major indices (including Nifty, NiftyJr, CNX500, Midcap & Smallcap) stay in a confirmed uptrend ⦿ Banknifty is the only major index still in rally attempt. ⦿ IT index enters confirmed downtre...

June 2, 2023

#MarketQuadrant CW22/2023

Market Quadrant ⦿ Trend: Confirmed Uptrend ⦿ Momentum: Positive & improving ⦿ Breadth: Strong ⦿ Bias: Bullish ⦿ Swing Confidence: 100 Trend ⦿ Most major indices (including Nifty, NiftyJr, CNX500, Midcap & Smallcap) are now in a confirmed uptrend ⦿ Banknifty is the only major index still in rally attempt. ⦿ PSUbank & OilGas are still in...

May 26, 2023

#MarketQuadrant CW21/2023

Market Quadrant ⦿ Trend: Confirmed Uptrend ⦿ Momentum: Positive & improving ⦿ Breadth: Strong ⦿ Bias: Bullish ⦿ Swing Confidence: 100 Trend ⦿ Most major indices (including Nifty, NiftyJr, CNX500, Midcap & Smallcap) are now in a confirmed uptrend. ⦿ Banknifty is the only major index still in rally attempt. ⦿ PSUbank & Media are still in...

May 19, 2023

#MarketQuadrant CW20/2023

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Positive & improving ⦿ Breadth: Strong but weakening ⦿ Bias: Bullish ⦿ Swing Confidence: 25 Trend ⦿ Midcap index joins Smallcap index in a confirmed uptrend. ⦿ Other major indices (including Nifty, CNX500, Banknifty) stay in a rally attempt, but are on the verge of entering a confirmed...

May 12, 2023

#Market Quadrant CW19/2023

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Positive & improving ⦿ Breadth: Improving ⦿ Bias: Bullish ⦿ Swing Confidence: 50 Trend ⦿ Smallcap index enters a confirmed uptrend. ⦿ Other major indices (including Nifty, CNX500, Midcap, Banknifty) stay in a rally attempt, but are on the verge of entering a confirmed uptrend. ⦿ PSUban...

May 11, 2023

Pivot High Low Duo

Here is the Pivot High Low Duo script for Tradingview. This is just an extension of the built-in Pivot Points High Low script. Here it plots both 10-period & 20-period pivots in one script. All 20-period pivots will be 10-period pivots, so it avoids some clutter. Additionally, there is an option to show only the 10-period, or the 20-pe...

May 5, 2023

WeeklyIndexCheck CW18/2023

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Positive & improving ⦿ Breadth: Improving ⦿ Bias: Bullish ⦿ Swing Confidence: 100 Trend ⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) stay in a rally attempt. ⦿ Consumption index also enters a confirmed uptrend. ⦿ IT & Media are still in a confirmed downtrend. Momentum ⦿ M...

April 28, 2023

WeeklyIndexCheck CW17/2023

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Positive & improving ⦿ Breadth: Improving ⦿ Bias: Bullish ⦿ Swing Confidence: 100 Trend ⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) stay in a rally attempt. ⦿ Pharma & Realty enter a confirmed uptrend. ⦿ IT & Media are still in a confirmed downtrend. Momentum ⦿ Most indi...

April 21, 2023

WeeklyIndexCheck CW16/2023

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Improving ⦿ Bias: Bullish ⦿ Swing Confidence: 50 Trend ⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) stay in a rally attempt. ⦿ FMCG, Auto, Infra & PSE are in a confirmed uptrend. ⦿ IT & Media are still in a confirmed downtrend. Momentum ⦿...

April 13, 2023

WeeklyIndexCheck CW15/2023

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Improving ⦿ Bias: Bullish ⦿ Swing Confidence: 100 Trend ⦿ Most indices (including Nifty, CNX500, Midcap, Smallcap) are now in a rally attempt. ⦿ Auto, Infra & PSE join FMCG in a confirmed uptrend. ⦿ IT, Media, Metal & PSUbank are still in a confirmed d...

April 6, 2023

WeeklyIndexCheck CW14/2023

Market Quadrant ⦿ Trend: Rally Attempt ⦿ Momentum: Negative but improving ⦿ Breadth: Weak but strengthening ⦿ Bias: Bullish ⦿ Swing Confidence: 75 Trend ⦿ Many major indices (including Nifty, CNX500, Smallcap) are now in a rally attempt. ⦿ FMCG index in a confirmed uptrend. ⦿ Midcap, NiftyJr & Banknifty are still in a confirmed downtre...

March 31, 2023

WeeklyIndexCheck CW13/2023

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative but improving ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 25 Trend ⦿ All major indices (including Nifty, CNX500, Smallcap, Midcap) stay in a confirmed downtrend. ⦿ Infra & FMCG are in a confirmed uptrend. ⦿ Auto & PSE are in an uptrend under pressure. ⦿ Pharma en...

March 24, 2023

WeeklyIndexCheck CW12/2023

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 0 Trend ⦿ Midcap joins all other major indices (including Nifty, CNX500, Smallcap) in a confirmed downtrend. ⦿ Infra & FMCG are in a confirmed uptrend. ⦿ Auto & PSE are in an uptrend under pressure. Momentum...

March 21, 2023

Book insights - Thinking in bets

'Thinking in bets' by former professional poker champion Annie Duke is not a trading psychology book per se, but pretty close to it. I view trading as being somewhere in-between poker & chess. Here are some insights from this amazing book every trader should read: Embrace uncertainty When we think probabilistically, we are less likely ...

March 17, 2023

WeeklyIndexCheck CW11/2023

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 0 Trend ⦿ Most indices (including Nifty, CNX500, Smallcap) are in a confirmed downtrend. ⦿ Midcap is the only major index in uptrend under pressure. ⦿ PSE, Infra & FMCG are a confirmed uptrend. ⦿ Energy, Oil...

March 16, 2023

MARS - Moving Average Relative Strength

Tough times call for tougher measures. Here's my take on relative strength using a simple moving average, some cricketing analogies & a Tradingview script. What is MARS? MARS stands for Moving Average Relative Strength. We compare the distance from 50-day moving average of the stock vs that of the index. Whomsoever of the 2 has a great...

March 10, 2023

WeeklyIndexCheck CW10/2023

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative but improving ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 50 Trend ⦿ Most indices (including CNX500, Banknifty, NiftyJr, Smallcap) are in a confirmed downtrend. ⦿ Nifty & Midcap are the major indices in uptrend under pressure. ⦿ PSE index joins FMCG in a confirme...

March 3, 2023

WeeklyIndexCheck CW09/2023

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative but improving ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 25 Trend ⦿ Most indices (including CNX500, Banknifty, NiftyJr, Smallcap) are still in a confirmed downtrend. ⦿ Nifty & Midcap are the major indices in uptrend under pressure. ⦿ FMCG is the only index in a ...

February 24, 2023

WeeklyIndexCheck CW08/2023

Market Quadrant ⦿ Trend: Confirmed Downtrend ⦿ Momentum: Negative & worsening ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 0 Trend ⦿ Most indices (including CNX500, Banknifty, NiftyJr, Smallcap) are now in a confirmed downtrend. ⦿ Nifty & Midcap are the only major indices still in uptrend-under-pressure. ⦿ FMCG & Auto are the on...

February 17, 2023

WeeklyIndexCheck CW07/2023

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative but improving ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 75 Trend ⦿ Pretty much unchanged from last week; most indices stay in uptrend under pressure. ⦿ NiftyJr & Smallcap are the major indices in confirmed downtrend. ⦿ FMCG & Auto are the only indices in a c...

February 10, 2023

WeeklyIndexCheck CW06/2023

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative but improving ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 50 Trend ⦿ Most indices stay in uptrend under pressure. ⦿ NiftyJr & Smallcap are the major indices in confirmed downtrend. ⦿ FMCG & Auto are the only indices in a confirmed uptrend. ⦿ IT stays in a rall...

February 3, 2023

WeeklyIndexCheck CW05/2023

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative & Worsening ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 0 Trend ⦿ Most indices stay in uptrend under pressure. ⦿ NiftyJr & Smallcap are the major indices in confirmed downtrend. ⦿ FMCG joins Auto as the only indices in a confirmed uptrend. ⦿ IT stays in a rall...

January 30, 2023

Simplifying Ranges

The daily price range is a good proxy to judge an instrument’s volatility. I have combined multiple concepts in this “Simple Range” indicator, to displays information regarding the daily price range & its volatility. This is a post on how to make use of the Simple Range indicator on Tradingview. A trading day's range is simply the diff...

January 27, 2023

WeeklyIndexCheck CW04/2023

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative & Worsening ⦿ Breadth: Weak ⦿ Bias: Bearish ⦿ Swing Confidence: 0 Trend ⦿ Most indices stay in uptrend under pressure. ⦿ NiftyJr & Smallcap indices are in confirmed downtrend. ⦿ Auto is the only index in a confirmed uptrend. Momentum ⦿ Almost all major indices have ne...

January 20, 2023

WeeklyIndexCheck CW03/2023

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative & Worsening ⦿ Breadth: Worsening ⦿ Bias: Sideways ⦿ Swing Confidence: 25 Trend ⦿ Most indices stay in uptrend under pressure. ⦿ Metal, OilGas, & PSE are the only indices in a confirmed uptrend. ⦿ IT improves to a rally attempt. Momentum ⦿ Almost all major indices have...

January 13, 2023

WeeklyIndexCheck CW02/2023

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative & Worsening ⦿ Breadth: Weak but strengthening ⦿ Bias: Bullish ⦿ Swing Confidence: 25 Trend ⦿ Most indices stay in uptrend under pressure. ⦿ Smallcap, IT & Pharma stay in a confirmed downtrend. ⦿ Metal is the only index in a confirmed uptrend. Momentum ⦿ Metal & IT ind...

January 7, 2023

WeeklyIndexCheck CW01/2023

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative & Worsening ⦿ Breadth: Worsening ⦿ Bias: Bullish ⦿ Swing Confidence: 0 Trend ⦿ Most indices stay in uptrend under pressure. ⦿ Smallcap, IT & Pharma stay in a confirmed downtrend. ⦿ Metal is the only index in a confirmed uptrend. Momentum ⦿ PSE & Oil-&-Gas indices have...

December 30, 2022

WeeklyIndexCheck CW52/2022

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative & Worsening ⦿ Breadth: Weak but strengthening ⦿ Bias: Bullish ⦿ Swing Confidence: 25 Trend ⦿ Most indices stay in uptrend under pressure. ⦿ Smallcap, IT & Pharma stay in a confirmed downtrend. ⦿ No index in a confirmed uptrend. Momentum ⦿ Metal & Oil-&-Gas indices hav...

December 23, 2022

WeeklyIndexCheck CW51/2022

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Negative ⦿ Breadth: Weak & oversold ⦿ Bias: Bearish ⦿ Swing Confidence: 0 Trend ⦿ Most indices are now in uptrend under pressure. ⦿ Smallcap index falls 8% in a week to enter a confirmed downtrend. ⦿ No index in a confirmed uptrend. Momentum ⦿ All indices have worsening moment...

December 16, 2022

WeeklyIndexCheck CW50/2022

Market Quadrant ⦿ Trend: Uptrend under pressure ⦿ Momentum: Positive but worsening ⦿ Breadth: Strong but weakening ⦿ Bias: Bullish ⦿ Swing Confidence: 25 Trend ⦿ Nifty & CNX500 are now in uptrend under pressure. ⦿ Many indices (including BankNifty, Midcap, Smallcap) are still in a confirmed uptrend. ⦿ Power index joins IT & Pharma in a...