A price prediction calculator was developed based on historical pivot point calculations and their probabilities. It gives the user high and low targets for next month based on previous months’ high, low and close which serve as inputs for the calculator.
The Project also involved a study on how Artificial Intelligence especially machine learning techniques which are used in financial markets. These techniques are being used in fraud detection, client interaction, and credit scoring applications by helping to make more informed and better decisions possible. These techniques have enormous potential to impact and revolutionize the landscape of the financial industry.
I was blessed to have the best possible mentorship and guidance at each stage of my summer internship. My mentors were very kind enough to take out time from his busy schedule and taught me F&O Strategies. Both made sure that I made the most of this internship and guided me in every possible way to gradually understand the various concepts with real-life examples. They also periodically reviewed my work and gave me critical inputs on how I could improve and add value to my work. Working with oldest stockbroking firm was an enriching experience and I got a chance to interact with top-level financial minds.
Along with the project, the trading experience was like Icing on the cake. Sometimes I made a profit and sometimes loss but this was just beginning because an Active trader should have an opportunist view rather than a Bearish or Bullish view. The two-month stay at Paterson Securities in Chennai was filled with unforgettable memories.
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About the Author:
Sagar Patil
"Second-year Finance enthusiast student pursuing MBA at Institute for Financial Management & Research (IFMR)"
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