CNX Nifty : Time Frame 75 Minute - As on 27/03/2015

CNX Nifty Chart in TF75 Minutes, created manually & subsequently aided by NetDania table of 15 Minutes Nifty ; full data are shared  with the following link :


https://excel.office.live.com/x/ExcelView.aspx?FBsrc=https%3A%2F%2Fwww.facebook.com%2Fattachments%2Ffile_preview.php%3Fid%3D1559283447655492%26time%3D1427470723%26metadata&access_token=1835286898%3AAVI0HQc-QX6w6imKZz8-0L2NzaWNyXDf-6emX786k3w_ow&title=CNX+NIFTY_TF75+%28EWO%29_DN.xlsx


By TF75 minutes Nifty is analysed by symmetric candles - five candles covering the full working from 09:15 to 15:30 hours in Indian Stock Exchange. Chart covers from 13th February 2015 to 27th March 2015.

Labels to be watched next couple of days in case of  expected up moves are listed. Incidentally H_n_S pattern had lead to approximate fall of 400 points in comparison of head height of 450 points.

CNX NIFTY INDEX Time Frame : Cycles of 21 days

Some orthodox TA resents a Chart of less than 150 candles to my blog :

http://kolkatabull.blogspot.in/2015/03/cnx-nifty-index-time-frame-bi-monthly.html .

With a weird idea, I prepared an Excel of  TF of 21 days (21 being a Fibonacci number) starting with 03/11/1995 (being the first day of OHLC basis NSE Nifty Index) ; it is compiled  based on data for 21 days. It is a better option in the sense that each Candle cover a fixed period rather than irregular days in a month. Chart with 150 candles were prepared as below :



Last candle is based on data for the period starting on 16/02/2015 & 14/03/2015 and as such in progress.

Time Frame for CNX Nifty

http://www.netdania.com & others provide live, although a bit delayed, Nifty & a select others Date in  1, 5, 15, 30 , 60, 120 minutes etc : out of these data in 30,60 & 120 minutes are
asymmetric in the sense that Indian stock exchange timing being from 09;15 to 15:30 hours (covering 6 hours 15 minutes = 375 Minutes) ,e.g.,

14 candles of 30 Minutes in a day ;

7 candles of 60 Minutes in a day ; &

4 candles of 120 Minutes in a day.

IMHO a time frame of 25 Minutes, covering the day in 15 candles, 75 Minutes, covering the day in 5 candles & 125 minutes, covering the day in 3 candles would prove very good for Technical Analyst. These would be more popular than 30 Minutes, 1 hour & 2 hours simply for being UNIFORM & SYMMETRICAL in character. 

Wish Data provider heed my suggestion. In the meanwhile, I am making TF 75 Minutes for my own use.

CNX Nifty Index : Time Frame Bi-Monthly

"The most important single concept about the Elliott Oscillator is that the highest/lowest point of the Oscillator is connected to the bullish/bearish Wave 3 of the swing.  Related concepts are that Wave 4 crosses the zero line in the opposite direction of the trend. Wave 5 often makes a new high or low price for the swing but always diverges from the Oscillator. If the suspected Wave 5 makes a new extreme price simultaneously with a new Oscillator extreme then it is not a Wave 5."

"The Elliott Oscillator is most effective when the chart has the "correct" number of bars. From 100 to 150 bars is the correct number of bars to use with the oscillator. Dr. Bill Williams suggests 100-140. Tom Joseph implies that 150 is right. We like to use about 120 bars, which is comfortably in the middle of that range, and which has consistently produced reliable results."

Nifty Index is being compiled since 02/07/1990 ; as such, a Time Frame of Bi-Monthly (Open, High, Low & Close over a period of two months for the Index) cover the full range of the Index since inception.  Full range Chart in 148 candles is shown herein.

MACD (5,34,5) is not available for the first 39 candles due to default Data requirement. As such, using a zoomed view over last 100 candles fulfilling the minimum requirement :

Presently, Nifty is in Wave 5 of the bigger degree IMHO. Let us see if it is correctly label in next few months.

112 Candles  Chart cover additional two years of trades. Rest as in other Charts.