Make your profits grow with RichMonks
RichMonks makes you feel the pulse of the market. Trust our Algos and curated reports (Ranks, Scorecard, GBR to name a few), for making your trading experience relaxed and more rewarding.
About the App
Welcome to RichMonks, the most comprehensive algo-based app on the Derivative Stock Market.
Trading is a demanding field— which seeks discipline, focus and solitude. A lot of the trading decisions which go wrong are because of an information overload from brokers’ tips, experts’ advice and more. Our goal here at RichMonks is to cut through that noise for you. RichMonks, with its various tools, makes it possible to judge the market correctly and take timely decisions, without emotions.
RichMonks, like any other technical product, is based on momentum trading. But what sets us apart is the fact that it is not based merely on price volume data. It comprehensively covers FNO specific parameters such as Open Interest, Options premium, Call Put Velocity, Implied Volatility etc. What you finally get are simple, easy-to-understand reports, giving you a much better understanding of the market dynamics. RichMonks’ mantra is very simple— trust, trade and earn!
Elements
1
RichMonks Ranks
RichMonks ranks all the FNO stocks on a daily basis, based on three parameters – consistency, momentum and performance.
2
RichMonks Score
While judging trades, a trader has to actively look at highs / lows, moving averages, point-to-point performance, open interest, implied volatility, options prices, etc. RichMonks Score is an encapsulation of all these parameters in a single number.
3
Call/Put Velocity
RichMonks has developed an elaborate methodology to calculate Call Velocity and Put Velocity for every stock. By looking at Call / Put Velocity, you can judge the strength or weakness of the stock instantly.
4
RichMonks Sentimeter
Richmonks Sentimeter (Fear and Greed Index for India’s Derivative Stock Market) provides you with a sense of the mood prevailing in the market, ranging from ‘Extreme fear’ to ‘Extreme greed’.
5
Profit Per Lot
Profit Per Lot is a simple but unique concept for understanding the pulse of the market.
6
Trigger Point
Trigger point is calculated for every instrument and it serves as a reference point for judging the short term strength or weakness of the instrument.
My whole idea was to build a system that would work for the traders.
Rajesh Mehra
Founder of RichMonks
Can you predict the market ?
No, nobody can. But a well-tested and logical system like RichMonks gives you tools to make trading easier and more rewarding.