Nifty50-30 Days Historical Data with DMAs for Stock Market Trend Analysis
The following historical data is self-explanatory and self-guided toolkit for investors, traders and new entrants. If key figures “Nearest DMAs, Nearest High and Low” are observed carefully by plotting them on the daily chart, with reference to the ongoing financial policies of respective country, geopolitical situations emerging across the globe, FED policy declarations, etc., it can provide valuable insights into market trends.
Pay attention to key figures, such as the nearest DMA and the previous high and low figures by plotting them on the daily chart along with Open interest in calls and puts will help in determining support and resistance levels, as well as identifying breakout and breakdown levels. See the instructions below for an analysis of market trends.
Forming Equations for Market Forecasting. During the day Breakout, Breakdown and Reversal Levels may be detected from these Support and Resistant levels.
Guidelines to use above data for Stock Market Trend Analysis
Note: After range bound of market for a day or so, intraday high range trade is witnessed in subsequent day, based on the trend of the market.
- Regular study and analysis of historical data provide a guideline for market prediction.
- Levels of DMAs, Previous High, Low to be observed by plotting them on yearly and intraday charts, if these levels are broken, may lead market to breakout or breakdown.
- When downside movement starts, Index may find support of nearest DMA or previous low, if broken, further downside may be seen.
- When upward movement starts, Index may find resistant of nearest DMA or previous high, if broken, further upside may be seen.
- For accurate results, corelate Index with change in Open Interest (Call & Put) of nearest Strike Price and Total Open Interest for Strong Support or Resistant.
- It is strongly advised to consider other parameters including Financial Policies of respective countries and GEO Political situations across the Globe.
- Once the trend of market is clear, any opposite action of market may be used to take position for successful trades as per Trend.
- Trend of Stock Market may be detected through significant change in open interest of calls and puts.
Disclaimer
The content provided on this website is for informational purposes only and should not be construed as professional financial, investment, legal, or tax advice. The information presented on this site is based on the author’s opinions, research, and publicly available information, and is intended for general guidance. It is not a substitute for consulting with a qualified financial advisor or other professional.
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