Nifty Future Trend Finder free Application
Find the trend of Nifty future, the below application uses nifty spot data and the nearby out of money nifty call and put option. Main criterion behind the trend calculation is the difference between the spot price and the strike price of call and put option if the premium is more than the difference value it will determine the trend.
How to use Nifty future trend finder:
- Enter Nifty Spot price.
- Enter the current price of call option of strike shown there.
- Then enter CMP of put option shown below.
- Just press Find Trend button.
{ 54 comments… read them below or add one }
Nice update Bhaveek!
Thanks Anand, Did you like nifty trend finder??? Tell me what would you like to see here in this blog share your creative ideas.
As of now blog seems very good, with lot of useful info.
plz add social network plugin to internal pages also, on some pages its missing, like I don’t find one, on this page.
I will place facebook share / like and twitter button today itself. Thanks Anand for your valuable suggestion.
Hi Bhaveek,
It seems a good tool, just want to know that, the suggested trend is what timeline, like Daily, Weekly or ??
Hi Anupam, The trend shown in this tool is on daily time frame. Should be treated as near term trend, depending on trend you must chase the bulls or bears.
Happy trading.
Thnx a lot Bhaveek
Good Input
This system good can u tell me hoe to plot in excel file send me details on mail m1806@rediffmail.com
good work
Hi Mahadeo, This system is based on javascript and some calculation. I will create a new excel based system for nifty trend finder and let you know.
Hi Bhaveek,
This Nifty Future Trend Finder free Application can be used for other Index also like Bank nifty.
Regards,
Ajit karmalkar
I have not optimized it for bank nifty, but for nifty future it works like a dream.
Good tool Bhaveek. Can you tell me how much is the minimum % it should show to initiate a trade? Today I get 51% down after filing the data which dont give me confidence
Pradeep, For more confident direction of nifty, you should see percentage more than 60%. So more than 60% chance is good indication for nifty being bullish or bearish.
sir
sir please clarify by seeing your nifty trend indication can i go for long or short nifty tomorrow
According to Nifty trend finder nifty is bearish, which can confirmed if you look at my latest article here. Below is screenshot of trend that came after I have placed the data.
Hi Baveek,
Thank you for sharing such a good tool.
Is it possible to give a approx entry and exit prices along with trend?
Thanks Harsh for commenting here. For approx entries and exits you need to look at the charts and study them. As this trend finding tool is based on mathematical calculations, so it don’t use concept of technical analysis or charts. Hence charts would be good tool to find your entries and exits.
Regards,
Bhaveek Patel
Mr Bhaveek
you can short or take long position as per ur nifty trend tool but what happens if market opens gap up or gap down next day.
Nifty trend finder shows short term trend and its has noting to do with entries or exits. For entries or exits your can use the indicators.
Mr.Bhaveek
You have done a good job. When the data should be entered ?
At market opening time or any time during market hours ? Is it for intraday or short term ?
Sir, Use this tool before market opens, with closing data (EOD data). Trend on this application will show short term trend of nifty.
Let me know if you like this app or have any feedback for it.
Bhaveek, today nifty trend finder is showing that nifty is in uptrend, with 55% chances of going up. what’s your view for same???
Hi Jayesh,
I am bullish on nifty future and bank nifty, also extremely bullish on high beta stocks like sesagoa.
sir, is there any tool to find stock trend. if yes pl. let me know.
thanks,
pawan
Hi Pawan, As nifty has highly liquid options, so it is feasible to find trend. But for stocks this is not the case.
Whats the accuracy of nifty trend finder tool? And how much probability does it work as accordingly?
thank you sir to help me…. few doubts are there still now… relinance infra is trading at 505 levels.. but in that graph it shows 432 … are those different companies?
Reliance infra (RELINFRA) and Reliance industrial infrastructure (RIIL) are both different companies. This is the reason you are seeing so much difference in prices.
dear sir,
really this trend finder is superb sir… but could not able to decide what option to buy and at what interval we have to plot the data in that window? kindly inform me sir…
please tell how to download datafeeder and amibroker to view cost free software
Hi Musthafa, datafeeder is free of cost you only need to purchase amibroker or even u can use trial version. Datafeeder works fine with both of these versions, let me know if I can be of your help further.
THANKS FOR A GOOD TOOLS.
I CAN’T UNDERSTAND THAT WHY WE INTER SPOT PRICE, WHY NOT FUTURE PRICE ?
PLEASE CLARIFY
THAKS AGAIN
Hi Anand, We use nifty spot prices because nifty futures and options are derived from spot. While calculating the value of options we always use the spot prices. Here in above system, I am using option price to check the premium with respect to spot prices, finally we get the trend. Future price has a lot of factors in them, like premium / discount. Hope you have understood.
Hi Bhaveek…. You are a genius… really u got a point .. i saw the nifty trend finder and we know that share market is depend on human sentiment also and u tried to add human sentiments in the your logic… i am impressed… good job… i want to check your logic in worst conditions of market (real time)… good job.. thanks
Dear Bhaveek,
Would request you to add time and dateline for each comment received and reply by you, to determine the chronological sequence, and differentiate between old and latest. Thanks.
Dear Bhaveek,
I seen a very good toll on your site Trend for NIFTY you can use social chat system from above, it is free to use.Thanks
Hi,
Can you tell me exact formula for finding nifty trend.Because when I calculate the same manually, the answer differs to some extent.I also want to know the logic behind your formula. Awaiting your reply very soon.
Ok.goodbye
Dear patel
plase tell me the formula for calculating trend.
Regards
Ajay
Thanks.for this useful app.
i wan to learn option trading but more simplified with 3-4 strategies.tht works in buy call-buy put….sell call-sell put…………..what is premium-strike price-spot price in all the four ( buy call-buy put…sell call-sell put.)…
what should be the minimum investment for option trading and safer option strategies.
sir ye tool to kafi acha hai .pahle to nahi dekha tha. shayad aap ko yaad hoga ki maine aap se Technical Analysis sikha tha
sir,
i am sridhar.i am trading now nifty options.r u giving any tips.i would like to subscribe the nifty option calls.please send mail to me.
Thanks
Hi I am trading in nifty and your Nifty Future Trend Finder free Application is very useful. In my office net connections is not avl i use my phone for that so plz give me excel file for calculation of this application.
Regards,
really awesome nd superb
too good nice job
how accurate it work
Bhaveek bro , pls add date & time below the comments and your posts and tools so tht we know how old the post is .
Keep up the gr8 work .
sir
would it be possible for me to find trend for some other script with help of ur tool trend finder. please advise sir.
hi,
its very useful. i started watching……
As we go long by seeing this calculator market went down.
Any if trend goes our direction wht to do.
Sir
your idea is very good to indicate the trend. but can you say at what % are the sureity to make a 100 % profit from the trend, and it is WORKING for intraday or for EOD (BEFORE PRE-OPEN FOR NEXT DAYS) ONLY.
PLS GUIDE US
THANKS
good tool, go ahead…
Hi, Pratik, to day i come acrross your side and its look intresting.
I am basic trader for call put still learning not getting profit till date , kndly guide me if possible.so i can be a profitable trader.
i am also avaialble during trade hours at yahoo
thanks
hitesh