Confused on Today's Close and LTP

vikassethi · #11 1st June 2006, 09:54 AM

BTW, is LTP considered as next day's opening price or Close Price of last day considered as the opening price?

jdm · #12 1st June 2006, 01:16 PM

Quote:

Originally Posted by vikassethi

BTW, is LTP considered as next day's opening price or Close Price of last day considered as the opening price?

none of them are the next day's opening prices. opening prices are the first traded price for any script.

vikassethi · #13 1st June 2006, 01:33 PM

Quote:

Originally Posted by jdm

none of them are the next day's opening prices. opening prices are the first traded price for any script.

Perfect. Thanks.

rangarajan · #14 1st June 2006, 06:08 PM

But many a times,when we see the graph in the opening,we could see neither the low nor the high prices traded.How is that possible 7 what is the explanation.
ranga

jdm · #15 1st June 2006, 10:57 PM

Quote:

Originally Posted by rangarajan

But many a times,when we see the graph in the opening,we could see neither the low nor the high prices traded.How is that possible 7 what is the explanation.
ranga

hi ranga,

don't get confused. opening prices are nothing but the first traded price (the first trade that has taken place in the script). highs and lows are made subsequently during the day.

sometimes the days opening may be the days high or low as the case may be, but not necessarily.

for example let Scritp A closed at Rs.100. the next day the first traded price is Rs.100.50 then thats the opening price. during the day its moves up to Rs. 104.25 to make a high, lets say at 11.30am. later it falls back and closes at Rs.103.50. now if the price of the said script does not falls below Rs.100.50 during the day, then we can say that the opening price is same as days low.

this can only and only be said when we have the complete picture.

cheers,
jdm.

srinivasud · #16 1st June 2006, 11:12 PM

Quote:

Originally Posted by jdm

hi ranga,

don't get confused. opening prices are nothing but the first traded price (the first trade that has taken place in the script). highs and lows are made subsequently during the day.

sometimes the days opening may be the days high or low as the case may be, but not necessarily.

for example let Scritp A closed at Rs.100. the next day the first traded price is Rs.100.50 then thats the opening price. during the day its moves up to Rs. 104.25 to make a high, lets say at 11.30am. later it falls back and closes at Rs.103.50. now if the price of the said script does not falls below Rs.100.50 during the day, then we can say that the opening price is same as days low.

this can only and only be said when we have the complete picture.

cheers,
jdm.

Opening Price is weighted Average Price of the Opening Orders Matched i.e some people will place Market orders for Buy & for some Sell and also some limit orders on both side. And as per Closing price it is the weigthed average price of the scrip during last 15 mins trading.

Srini

Czar · #17 1st June 2006, 11:24 PM

1 thing I cant make out, how can we know if the market has opened gap up or not...cause a few scripts open & then the rest & the chart in bseindia, etc I cannot make out if its gapped up ? any clue ?

aca_trader · #18 1st June 2006, 11:37 PM

Quote:

Originally Posted by Czar

1 thing I cant make out, how can we know if the market has opened gap up or not...cause a few scripts open & then the rest & the chart in bseindia, etc I cannot make out if its gapped up ? any clue ?

Go on the TA section of Moneycontrol. They enlist all such stocks.

Regards,
--Ashish

jdm · #19 1st June 2006, 11:45 PM

Quote:

Originally Posted by srinivasud

Opening Price is weighted Average Price of the Opening Orders Matched i.e some people will place Market orders for Buy & for some Sell and also some limit orders on both side. And as per Closing price it is the weigthed average price of the scrip during last 15 mins trading.

Srini

hi Srini,
closing prices are weighted avarage. 30 minutes in nse's case. but opening prices are not.

market orders means nothing unless they are executed.

Czar · #20 2nd June 2006, 12:08 AM

Quote:

Originally Posted by aca_trader

Go on the TA section of Moneycontrol. They enlist all such stocks.

Regards,
--Ashish

I meant intraday like maybe today it opened 50+ gap (sensex) can i check that somewhere (not EOD), is that what you said ?

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