7/18/2010 09:51:00 AM

There are 101 ways to know the current trend.

1st one is common-sense gut-feeling observation.

6 more are given below.

Rest 94 can be shared by fellow traders.

2. RSI

= When RSI 14/1d on 3 month or 6 month chart is moving from lower boundary towards upper boundary the trend is up. When reverse is the case, the trend is down.

3. SAR

= When on 1 month or 3 month chart, SAR (Stop And Reverse) dots are below the priceline, the trend is up. Otherwise, the trend is down.

4. EMA 34/8

= When EMA 34 line is below the priceline, the trend is up. Otherwise, the trend is down.

5. Higher high, higher low

= When the priceline is making higher highs and higher lows the trend is up. When it is making lower highs and lower lows, the trend is down.

6. Premium / Discount

= Till the Nifty futures premium is substantially higher than the spot, the trend is up.
When it is substantially lower than the spot, the trend is down.

7. Experts on TV

= This is the easiest of all. Even easier than the common-sense observation. Just switch on any business tv channel in the morning before the market opens. The experts on air may not be predicting the stock or market movement for the day right but they certainly have a good idea about the trend.

Combination of more than one ways can estimate the trend more accurately.