Friday, March 6, 2015

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.


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