In this thread I will post some market studies which I do every now and then. These are on the Nifty index.
Here is the first one - If the open is inside the previous day's range then where is the close?
Three things can happen here
- Close is above the previous day's high
- Close is below the previous day's low
- Close is again between the previous day's range.
I wanted to check on this and ran some test on the EOD data from 2014 till date. Below is the result:
Out of 364 occasions, 49.7% of the time the close was again within previous day's range!!
Here is the first one - If the open is inside the previous day's range then where is the close?
Three things can happen here
- Close is above the previous day's high
- Close is below the previous day's low
- Close is again between the previous day's range.
I wanted to check on this and ran some test on the EOD data from 2014 till date. Below is the result:
Out of 364 occasions, 49.7% of the time the close was again within previous day's range!!
Various Market Studies
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