TRaders INdex : It is a Technical Indicator which depicts the Overbought & Oversold situation of market. Reading of 1.2 to 1.3 indicates highly oversold conditions ( happened in Feb/2016 ) & a reading of 0.5 to 0.6 indicates highly Overbought condition of market.
From mid June/16 to till date - it is in between 0.5 to 0.8
Currently NSE TRIN is near 0.5 ,indicating highly Overbought situation of Market.
Interestingly - this type extreme reading of TRIN is not seen in the last two years. Let.s see where this market is going ....