RSI 20-3081 means (Oversold)
RSI 80 -3133(Overbought)
Hi Subrata
These are the prediction of Nifty value for Rsi(5) 20-50-and 80. for tomorrow. These keep changing during the day as the nifty moves as shown below in today's readings. Just Ingnore the MACD readings which also are an indication.
Code:
Ticker Date/Time Close Buy sell RSI20 RSI50 MACD310 RSI80
NIFTY3/27/2009 2:00 3069.05 0.00 0.00 3069.13 3086.80 3100.32 3157.46
NIFTY3/27/2009 2:05 3072.60 0.00 0.00 3061.51 3083.96 3096.45 3140.49
NIFTY3/27/2009 2:10 3074.90 0.00 0.00 3058.67 3082.15 3088.41 3127.37
NIFTY3/27/2009 2:15 3079.40 0.00 0.00 3052.01 3081.60 3081.14 3117.77
NIFTY3/27/2009 2:20 3086.10 1.00 0.00 3042.75 3082.50 3075.62 3111.44
NIFTY3/27/2009 2:25 3084.55 0.00 0.00 3051.11 3082.91 3072.47 3109.78
NIFTY3/27/2009 2:30 3110.50 0.00 0.00 3000.71 3088.43 3073.33 3110.36
NIFTY3/27/2009 2:35 3106.80 0.00 0.00 3021.93 3092.10 3071.96 3118.18
NIFTY3/27/2009 2:40 3107.05 0.00 0.00 3038.35 3095.09 3079.75 3115.95
As you can see a Buy signal was triggered at 2:20 and the RSI-80 target was 3111.44 which is know at the time of taking the trade. You will also see he value of RSI-changing and it was 3118 at 2:35 and the price reached 3120
Since the the thread is on prediction and some people mentioned how RSI can be used I gave the values. There must be a thread dedicated to RSI. You may read it
Regards
ken