Nifty Index Time Frame 75 Minutes for Period ending 31/12/2014

First let us have a look at a Daily Nifty Chart with 150 candles for Period ending 31/12/2014 :

With reference to red rectangular marked in the above Chart, I had prepared a TF 75 minutes for the period from 19/11/2014 to 31/12/2014. Data based on TF 15 minutes were used ; from a batch of 5 candles, opening of 1st candle & closing of 5th candle were taken as opening & closing of TF 75 ; 

maximum of high of all candles was taken to be high & similarly minimum was taken to be low. Resultant chart was prepared through Excel

Simple moving average of closing were determined for SMA_5 & SMA_34 & finally histogram were prepared with Excel. Charts followed :

Nifty Index Time Frame 75 Minutes : An Introduction

 The Elliott Oscillator is most effective when the Chart has the 'correct' number of bars. From 100 to 150 is the number of bars  being used with EWO {Basically, MACD (5,34) }. While Dr Bill Williams suggest 100-140, Tom Joseph insist on 150, being the right,

 ,  http://www.tradingfives.com/articles/elliott_oscillator.htm

 Market in India is from 9:15 AM to 15:30 hours (3:30 PM) and of 375 Minutes duration. As such, a TF of 3 minutes cover a day with 125 candles, TF of 5 minutes covers 2 days, TF of 15 minutes cover 6 days & TF of 75 minutes cover in 30 days - all with 150 candles.

Traditionally, Daily chart  of around 30 weeks is of /around 150 candles. Fractal of daily chart is taken/accepted of being hourly, However, in my opinion , the hourly chart is asymmetrical in nature ; 1st candle depicted as 9:00 is based on 3 candles of TF  15, & 7th candle depicted as 15:00 is based on 3 candles of TF  15. Balance 5 candles (10:00 to 14:00 inclusive) are based on 4 candles of TF 15.  Best option for fractal is no doubt a TF of 75 minutes.

Data were manually tabulated & sourced from : http://www.netdania.com/Products/live-realtime-streaming-currency-exchange-rates-charts/chart-forex-charts/NetStationFullWindow.aspx

OHLC basis data was selected from TF15 minutes data & feed into an excel sheet :

First chart from TF 75 Minutes revealed  High-Low averaged 31.30 points with lowest being 9.35 & highest being 76.75 in a time of 75 minutes.

EVA (Economic value added) & a selection from Indian Corporate World.

EVA (Economic value added) was first seen by me in the pages of the Annual Report by Hindustan Lever a few years back.
Simply a Company uses Shareholders' wealth & burrowed capital to run a Business. Consider the cost of borrowing in a year to be 10% say ; shareholders's Wealth Capital & accumulation) does NOT cost any thing but these risk capital may be assigned a cost element 1.25 times the cost of borrowing {extra 25% for risk associated).
Whenever, a Company perform well & in excess of such deemed cost of risk capital, it is said to have EVA plus Company. A simple parameter for this is RONW (Return on net worth) being EPS (earning per share) by BV (book value). Based on Data (sourced from Capital Market, Aug 4-17 issue), the excel incorporate annual BV, EPS & trailing EPS & calculate RONW's ; had used a cut off of 20% RONW in the said source & Sales exceeding Rs. 300 crores to weed out marginal (small) Company.
Nifty are listed in a sheet & others (Including Nifty) in another

https://excel.office.live.com/x/ExcelView.aspx?FBsrc=https%3A%2F%2Fwww.facebook.com%2Fdownload%2Ffile_preview.php%3Fid%3D362945870525538%26time%3D1408251485%26metadata&access_token=1835286898%3AAVKFbDFpGkcVizzIekjx9VUFRuPzMyfOF7pzIEQfkVUZ2g&title=Select_RONW.xlsx

A selection of out performers in EVA positive sense :

A selection of under performers in EVA  sense so much so may be called wealth Destroyers

A selection of out performers in EVA positive sense from Indian Corporate world (inclusive Nifty) :

Nifty : Bi-Monthly Chart (1990-2013)

Nifty Index is being compiled since 03/07/1990, initially on closing basic only. O H LC is being compiled with effect from 03/11/1995.

 As data is limited, I am making a "Bi-Monthly" chart instead so that we have a Chart since inception.https://docs.google.com/spreadsheet/ccc?key=0Av41dGrpKfhMdEp1RzZvQUFmbVBERGhSNy1RelNSeWc#gid=0

Milestone day of Nifty Index on reaching 1-6 K ; 7K is evasive for a pretty long time . Further, details of single day candles of 1000 points or more also tabulated.