Page 266 - IMDR JOURNAL 2023-24

IMDR’s Journal of Management Development & Research 2023-24

negative 0.19%. The candle formed has wicks on both sides of the body.

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Table 5: Gift Nifty on the 18 May 2023
Previous Gap Up/
Date Opening Closing % Change RSI
Closing Down
18-05- 18225 18182 18216 -0.19% 56.19 9
2023
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Table 7: Nifty 50 spot from 30 November till 4 December (Primary Source).

Image 4 (Primary Source)

Now let’s look at the other half year after SGX Nifty is trading in the GIFT City as Gift Nifty

Futures.
Nifty 50 Gift Nifty

Date % Gap up / Gap % Gap up / Gap

Change RSI Down change RSI Down
03-07-2023 0.70% 74.85 57 0.87% 76.57 106

06-07-2023 0.51% 78.23 -13 0.19% 78.45 14

07-07-2023 -0.85% 68.31 -75 -0.84% 68.26 -76
17-07-2023 0.75% 75.68 48 0.71% 75.14 8
20-07-2023 0.74% 80.57 -2 0.79% 74.05 15
21-07-2023 -1.17% 67.27 -179 -1.19% 66.39 -141
27-07-2023 -0.60% 62.19 72 -0.61% 59.31 56
02-08-2023 -1.05% 52.59 -78 -1.17% 53.2 -65
07-08-2023 0.41% 54.9 60 0.51% 55.18 -4
11-08-2023 -0.59% 47.51 11 -0.58% 47.89 -49
18-08-2023 -0.28% 42.82 -64 -0.28% 41.72 -98

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