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This is how see / read through #FII data.. (Participantwise category)

Quantum of Buying / Selling in. cash Market + Index Futures + Stock Futures.
How the flows are basis last 3 days? How the flows are basis current week? It give an indication which camp is strong
Updated ..

#LetsLearn
Update:

Relentless selling by #FIIs in Cash segment

Cumulative chart attached (how #Nifty trends with FII flow)
Update:
#FIIs have changed their stance in derivatives.. (reversal in cash segment is awaited) #Nifty
Update: #FII
Update: #FII data
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#LetsLearn #FII #FIIs #Nifty

More from @sumitverma29 see all

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Sumit Verma
@sumitverma29
#LetsLearn
#MarketData sort

Basic screener... good number of stocks..
Bullish Market Breadth..
#LetsLearn
#MarketData sort

Very few number of stocks showing OI buildup after 11% rally in 6 days..
This suggests Table Tennis action in market going forward.

Fresh commitment missing at higher levels.
#LetsLearn
#MarketData sort

More number of stocks with Relative Strength against Index closed at a 10 day high vs very few at 10 day low with weakness.

This is momentum based market breadth scanner which is signalling ratio of 15:2.

Bullish
Read 3 tweets
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Sumit Verma
@sumitverma29
#LetsLearn

Earlier I explained how to make charts cleaner by using Two day Swing Lines & today I explained how to identify Relative Highs & Relative Lows in an objective manner
Link1:

Link2:

1/n
#LetsLearn

Now I will try to show how to make a TRADING system out of the two....

Tools used:
Relative High AND Low identifier (N=10) and
Two day Swing Lines

.....2/n
#LetsLearn

Further to the above thread to find trade setups using the above mentioned tools.

Topic: Identifying "TREND FOLLOWING trade setups" using Top-Down approach

- Weekly and Daily charts are taken with Relative Highs and Relative Lows marked (parameter N=5)

..contd..
Read 7 tweets
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Sumit Verma
@sumitverma29
A thread on how to Define correct Swing Highs / Lows for the purpose of Dow Theory analysis or drawing Trendlines:

Thomas DeMark in his book "The New Science of Technical Analysis" said that drawing
of trend lines is a highly arbitrary process. 1/n
A trend line is typically intended to connect
several Relative Highs or Relative lows. If there are two or more such points, the trend line can be drawn
precisely. (notes from Jack Schwager's book "The Complete Guide to the Futures Market").. 2/n
Relative high is a High that is higher than high on the N prior & N succeeding bars.
where N is a number of bars (can be anything as per individual's setup 5 / 10 / 20...)

if N = 5, Relative High is Current High > last 5 days & succeeding 5 days. Viceversa for Relative Low.. 3/n
Read 10 tweets

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