NSE Nifty index is being regularly made by the NSE authority on & from 3rd July 1990. It was a closing index originally.However, with effect from 3rd November 1995 , it is published as OHLC basis. From 01-01-1997, volume has been added.
Candle Distrbution Table is being formulated over a period of 4153 days for a candle size of 53.93 on an average.
However, it is observed that highest candle size is 754.85 for Nifty as on 22-Jan-08 & lowest at 0.00 is as on 30-10-1996
Candle Distrbution Table is being formulated over a period of 4153 days for a candle size of 53.93 on an average.
However, it is observed that highest candle size is 754.85 for Nifty as on 22-Jan-08 & lowest at 0.00 is as on 30-10-1996
R A N G E Days Av Candle Scale (24.21)
ReplyDelete0.00 50 2603 24.21 1.00
50.05 100 952 71.68 2.96
100.05 150 371 121.43 5.02
150.05 200 149 170.73 7.05
200.05 250 39 221.66 9.16
250.05 300 21 273.37 11.29
300.05 350 8 326.96 13.51
350.05 400 2 362.80 14.99
400.05 or more 8 559.73 23.12
Candle size had increased in scale (Base=24.31) of 1,3,5,7,9,11,13, 15 & finally 23 over these periods !