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Journal of Statistics and Management Systems cover

Journal of Statistics and Management Systems

(Since 1998)
Open Access ·Peer-reviewed·ISSN (Online): 2169-0014·ISSN (Print): 0972-0510
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The Journal of Statistics and Management Systems (JSMS) is a world leading journal publishing high quality, rigorously peer-reviewed original research on theoretical and applied statistics and management systems since 1998. The scope is intentionally broad, but papers must make a novel contribution to the field to be considered for publication. Topics include, but are not limited to, the following: • Statistics • Applied Statistics • Industrial Statistics • Statistical Inference • Interdisciplinary role of Statistics • Actuarial Sciences • Decision Sciences • Managerial Aspects • Management Sciences • Management Information Systems

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Journal of Statistics and Management Systems
Open Access Research Article

An analysis of movements in prices of Nifty index, using relative strength index indicator

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pp. 493–504Vol. 26Issue 3April 2023DOI: 10.47974/JSMS-1042XML
Published Online:
31 Mar 2023
Article type:
Research Article
Language:
EN
Article no.:
JSMS-1042
Pages:
493–504

Abstract

Technical analysis is conducted to predict the price movements in stocks in future. There are so many technical analysis tools which help the investors to pick the right stock at right time. Such analysis is based on different charts and indicators. Historical data of 249 days for the period of1 June 2021 to 31 May 2022was collected from the website of NSE India for conducting the research. Relative strength index indicator which indicates under price, overprice or optimum price of shares was applied on this data. In this research, we used Microsoft Excel in finding the values of RSI. The result shows that RSI indicators is trustworthy to understand the future predictions of Nifty Index. This study indicates that RSI indicator is helpful for the investors to categorize the current movements and risks connected with the stock market. Traders and investors can use this indicator for better trading.

Keywords

Nifty indexRelative strength index (RSI)Technical indicator

Subject Classifications

G1G11N2

References

[1] Alberto Antonio Agudelo Aguirre, N. D. Artificial intelligence applied to investment in variable income through the MACD (moving average convergence/divergence) indicator. Journal of Economics, Finance and Administrative Science, 268-281 (2021).
[2] J. Zuzik, R. W. Use of technical analysis indicators at trading shares of steel companies. Metalurgija, 286-288 (2014).
[3] Pick-Soon Ling, R. A.-R. The effectiveness of technical strategies in Malaysian Shariah vs conventional stocks. ISRA International Journal of Islamic Finance, 195-215 (2020).
[4] Shalini, T. P. Picking Buy-Sell Signals: A Practitioner’s Perspective on Key Technical Indicators for Selected Indian Firms. Studies in Business and Economics, 205-219 (2019).
[5] Shik, T.C. and Chong, T.T.L. ‘A comparison of MA and RSI returns with exchange rate intervention’, Applied Economics Letters, Vol. 14, No. 5, pp. 371-383 (2007).

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