How to summarise a trade?

The Indian stock market is open from 9:15 AM to 15:30 PM. During the 6 hour 15 minute market

session, there are millions of trades that take place. Market opened at 9:15 AM and closed at 15:30 PM during which there were many trades. 

By tracking the Open, high, low and close we can draw a summary of the price action.

The open – When the markets open for trading, the first price at which a trade executes is called

the opening Price.

The high – This represents the highest price at which the market participants were willing to

transact for the given day.

The Low – This represents the lowest level at which the market participants were willing to transact for the given day.

The close – The Close price is the most important price because it is the final price at which the

market closed for a particular period of time. The close serves as an indicator for the intraday

strength. If the close is higher than the open, then it is considered a positive day else negative. Of

course we will deal with this in a greater detail as we progress through the module.