Up dated version of Excel incorporating Bi-Monthly OHLC ( being Open of range, Highest of range, Lowest of range, and Close of range ) may be accessed :
https://excel.office.live.com/x/ExcelView.aspx?FBsrc=https%3A%2F%2Fwww.facebook.com%2Fattachments%2Ffile_preview.php%3Fid%3D302478353209742%26time%3D1430622879%26metadata&access_token=1835286898%3AAVKCq7AnsaHYbT2fee5uuAYFseY-S1jnsRgNS_oBaPqICg&title=CNX+NIFTY_BiMonthly_Public-2015.xlsx
While Nifty index is being compiled since 03/07/1990, it is being based on OHLC basis with effect from 03/11/1995. Here in, I had created a Bi-Monthly Data aided by excel & sharing my observations. First, Chart based on the Data :
Macd (5,34,5) were then calculated on usual basis and resultant chart is :
Based on my understanding of EW Oscillators, Nifty is in 5th wave of high degree wave starting in April 2003. It is essential that current Macd does NOT cross the earlier high.
Highest Histogram (419) is based on closing value of 5201 (December 2009). On hypothetical closing as on 30/06/2015 of 10300 (a figure being talked of - near parallel of a TL October 2008), it shall be 280 ; similarly based on highest closing (8902) & closing =Highest (9119), it shall be 22 & 62 respectively. However, if closing is 8781 or lower , it shall turn NEGATIVE & if Vipani's suggested value (7936) be closing , it shall be (156)
No comments:
Post a Comment