>> Sunday, February 1, 2009
NIFTY Chart -
Nifty EOD Technicals ( Auto Update)-
*Credits Market Calls
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Terms you need to know -
Pivot Point - A technical indicator derived by calculating the numerical average of a particular stock's high, low and closing prices.
NIFTY TRIN - Is short form for TRaders INdex. A technical analysis indicator calculated by taking the advances-to-declines spread and dividing that by the volume of advances to declines.
TRIN is for NIFTY 50 Stocks
EMA(current) = ( (Price(current) - EMA(prev) ) x Multiplier) + EMA(prev)
Depending on the period you are using, the EMA will apply a percentage for how much the recent price action is weighted:
For example, a 10-period EMA's Multiplier is calculated like this: (2 / (Time periods + 1) ) = (2 / (10 + 1) ) = 0.1818 (18.18%)Free SMS Updates subscribe - Click here