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Nifty-50-Future-Prediction-using-Arima and Monte Carlo Algorithm

Introdcution to Data Set The NIFTY 50 is a benchmark Indian stock market index that represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange.[1] It is one of the two main stock indices used in India, the other being the BSE SENSEX.[2] Nifty 50 is owned and managed by NSE Indices (previously known as India Index Services & Products Limited), which is a wholly owned subsidiary of the NSE Strategic Investment Corporation Limited.[3][4] NSE Indices had a marketing and licensing agreement with Standard & Poor's for co-branding equity indices until 2013. The Nifty 50 index was launched on 22 April 1996,[5] and is one of the many stock indices of Nifty.

Data Set 'Nifty_monthly_OHLC.xlsx' is extracted from https://in.investing.com/indices/s-p-cnx-nifty-historical-data?end_date=1616783400&interval_sec=monthly&st_date=1041359400&interval_sec=daily In this data set we have Date,Price of NIFTY50 INDEX on mothly basis from year 2013 to March 2021, We are forcasting the Price of Nifty 50 Index of next 10 years from Today using Arima Code is reviewed from https://www.kaggle.com/freespirit08/time-series-for-beginners-with-arima

IMP link of MC Algo-

https://medium.com/analytics-vidhya/monte-carlo-simulations-for-predicting-stock-prices-python-a64f53585662 https://github.com/eliasmelul/finance_portfolio https://datascienceplus.com/how-to-apply-monte-carlo-simulation-to-forecast-stock-prices-using-python/