WHAT IS BHAV COPY OF BSE AND NSE?
what is bhav copy and why it is used .for what purpose it is issued by exchange
It is like the 9 PM news roundUp, covering in brief what all happened in the day.
While a stock is traded every second/minute of the trading period, the bhav copy shows the Open, High, Low and Close of the day as well as the total volume traded in a day. The close price is the weighted average price of the last 30 minutes of the day and is a very useful parameter for the next days' trading.
With one line of information for each stock, the bhav copy covers all the stocks traded on that day in that exchange. In the sane way, one bhav copy for each type of instruments traded on an exchange like stocks, futures, options, currency etc.
One has to select the type of instrument he will be interested and the exchange and download the same every day and import it into a technical analysis software to decide on the further strategy of buying/ holding/ selling.
You may refer to the software section to get more info on how to use the bhav copy/ TA software.
murthymsr