What is the predictive close column on PI?
On the Market Watch on Pi we have an additional column called "Predictive Close" which suggests the closing price of that particular scrip.
The interesting thing is that this column becomes active in the last 30 minutes of trading on NSE and BSE. During the last 30 minutes, it continuously plots the weighted average of the scrip and shows you the probable closing price.
This has many advantages:
- You will have an idea of what the closing price may be for the scrip you're trading.
- On expiry days, you'll have a fair idea of whether your option will expire in the money or out of the money.