An Effective Time Series Analysis for Equity Market Prediction Using Deep Learning Model

Abstract

A stock Exchange is a market where securities are traded. Every day, billions are traded at various stock exchanges across the world. In recent years prediction of movement of stock market is regarded as fascinating and has created a demand in financial market time series prediction. A precise forecasting of equity market is needed to provide higher returns for investors. Since there is high complexity in predicting stock market profits, developing models for it becomes difficult. The data mining and machine learning techniques has played an important role in Prediction of stock market movement. This study attempted to develop a deep learning model using Recurrent Neural Network for forecasting movement in the National Stock Exchange of India's benchmark broad based stock market index(NIFTY 50) for the Indian equity market. In this paper the NIFTY 50 index and INFYOSYS Ltd historical data from Yahoo finance companies has been selected for forecasting and analysis.