NIFTY Auto generated Technical Analysis.

>> Sunday, February 1, 2009

NIFTY Chart -



Nifty EOD Technicals ( Auto Update)
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*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 ONLY and not for ALL stocks.

RSI -
A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.

EMA - The Exponential Moving Average is calculated with the following formula (courtesy of stockcharts):

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%)

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1 comments:

sehar February 4, 2009 at 11:01 PM  

sir..how to excute the nifty auto generated tech...to nifty calls..plz explain me.