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

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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.

Nifty : Projecting a High during August 2013

Without repeating my earlier observations,
http://lalitlk-lalit-lk.blogspot.in/2013/05/nifty-mirror-inversion-2009-13.html

I shall explain a slight change in my hypothesis of the 'mathematical model' for Nifty Index value. Earlier, the point "5280" was used as a 'pivot' for all calculations. Influenced by 'perturbation theory' , & my observation of  the Gann square having a great role in many things RANDOM, I have set the 'pivot' as

5256.5 = mean of { Sq (73) + Sq (72) }= (5329+5184)/2.

5329 was selected influenced by close of 4-8-2011 & 5184 was selected by open of  very next day.

OHLC value of the Nifty was used to determine the value of ‘Open - 5256.5’, ‘High-5256.5’, ‘Low-5256.5’ & ‘Close-5256.5’ , e.g., 155.9, 178.0, 66.65 & 75.3 for 4-Aug-2011. Similarly for all prior days based on historical data { Sample data in 'Pink' shaded as above } ( Data Sourced from NSE).

Accordingly, mirror projections for 5 Aug 11 are calculated as :
open =5256.5 -75.3 (corresponding to CLOSE), high =5256.5 - 66.65 (corresponding to LOW), low=5256.5 -178 (corresponding to HIGH) & close=5256.5 -132.4 (corresponding to OPEN) {Data pertaining 4 Aug 11}.

Calculations for SUBSEQUENT days were made SIMILARLY based on PRIOR days (e.g., 8 Aug 11, 9 Aug 11 etc etc  3 Aug 11, 2 Aug 11 etc etc) { Sample data in 'Blue' shaded as above }
Actual Index had been AHEAD of the projected value mostly over the period of 491 days. Latest variations are as per the attached Chart :

And, the 'Projection Values'  are tabulated  for a month ending on 24th July 2013 ,in the image of Excel sheets, Remark implies 'Actual' is 1.01, etc. times the Mirror Projections  as follows:

Projected value of the Index for the month of August 2013 are as follows:

Cross your fingers & await a range of "5700-6400 " in the coming month.

SBI & its Listed Subsidiary: A comparative Study

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Nifty EOD 14/06/2013

Red line is POFT (following Wave Rider) in this Hourly chart &  green line connecting 6133-5972 (most recent POFT) ; Friday's bounce back touch this line after recovery of 39% of previous falls (273).  POFT line

     6229 - 6133 are shown in blue.

Chart in 5 Hrs

After two spinning tops ,below the POFT red line, Friday ended with  morning star and bullish abondoned baby pattern . With RBI policy due, Monday is going to have a crucial day for Nifty.