Big Data Analytics: A Trading Strategy of NSE Stocks Using Bollinger Bands Analysis
- Title
- Big Data Analytics: A Trading Strategy of NSE Stocks Using Bollinger Bands Analysis
- Creator
- Parambalath G.; Mahesh E.; Balasubramanian P.; Kumar P.N.
- Description
- The availability of huge distributed computing power using frameworks like Hadoop and Spark has facilitated algorithmic trading employing technical analysis of Big Data. We used the conventional Bollinger Bands set at two standard deviations based on a band of moving average over 20 minute-by-minute price values. The Nifty 50, a portfolio of blue chip companies, is a stock index of National Stock Exchange (NSE) of India reflecting the overall market sentiment. In this work, we analyze the intraday trading strategy employing the concept of Bollinger Bands to identify stocks that generates maximum profit. We have also examined the profits generated over one trading year. The tick-by-tick stock market data has been sourced from the NSE and was purchased by Amrita School of Business. The tick-by-tick data being typically Big Data was converted to a minute data on a distributed Spark platform prior to the analysis. 2019, Springer Nature Singapore Pte Ltd.
- Source
- Advances in Intelligent Systems and Computing, Vol-839, pp. 143-154.
- Date
- 2019-01-01
- Publisher
- Springer Verlag
- Subject
- Big data; Bollinger bands; Chartists; Intraday trading; NSE; Spark
- Coverage
- Parambalath G., Department of Economics, Christ University, Bengaluru, India; Mahesh E., Department of Economics, Christ University, Bengaluru, India; Balasubramanian P., Amrita School of Business, Amrita University, Coimbatore, India; Kumar P.N., Department of Computer Science and Engineering, Amrita University, Coimbatore, India
- Rights
- Restricted Access
- Relation
- ISSN: 21945357
- Format
- Online
- Language
- English
- Type
- Book chapter
Collection
Citation
Parambalath G.; Mahesh E.; Balasubramanian P.; Kumar P.N., “Big Data Analytics: A Trading Strategy of NSE Stocks Using Bollinger Bands Analysis,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 23, 2025, https://archives.christuniversity.in/items/show/18887.