Thursday, March 5, 2015

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.




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