Sreeni asked 6 years ago
Hi Sir, I am trying to understand BNF range with some example, how many days we have to consider the calculation (close price) 10 or 30 days ? Can you please example for today calculation (29624-30111) I have taken one-year data points and I got 30093 (upper) – 29557 Please explain
Raghu Staff answered 6 years ago
You can use 30 days close price to compute the expected range of the closing price after ‘n’ days. If you take too small a period, then the range will get skewed towards the recent past (short-term). Likewise, if you take too large a range, then the range will get smoothened out, and may not be useful
sreeni answered 6 years ago
Thank you for Quick reply, based on 30 days (data points for NIFTY) I got this range for next day 1sd 11681.13 11536.4 is it correct?
Sreeni
replied 6 years ago for tomorrow I got these numbers 11694.40529
11551.9935
Raghu Staff answered 6 years ago
Broadly looks right.
We have not been tracking Nifty actively, will let you know reg. this soon.
Others who have been tracking Nifty, please reply on this.