Tuesday, November 29, 2016

When does nifty make high and low for the day?


When does market make high?

09 represents time from 09:15 to 10:00
10 represents time from 10:00 11:00


HTML Code:
Count Time 
 404 09
 101 10
  73 11
  67 12
  86 13
 176 14
 297 15
Majority of the time markets make either in the morning or in the evening.

When does market make low?
HTML Code:
 319 09
  93 10
  85 11
 126 12
 114 13
 213 14
 252 15
It's interesting to know these stats. Don't know how can we take advantage of these figures.
What we see in the chart are the point with low time(x axis ) and (y axis ) for a day.
The x axis and y axis are actually in seconds. Like 09:16 a.m. will be 09*60+16 => 556. 

A single point represent a trading day.
X axis Low time
Y axis High time

If there is a point in the left top, that means for that trading day Nifty made the high at the end of the trading day and low at the open.

If there is a point in the right top, that means for that trading day Nifty made the high at the end of the trading day and low also at the end of the trading day. That's why chart is not dark at right top.





 

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