Hello,
An interesting premise has surfaced in the last few days. I have a strong feeling that traders will be able to successfully and Regularly benefit from it.
Market Research is very interesting. When combined with good trading skills it can become lethal
Have been researching over the OHLC data of Nifty of the last year. Out of several usable statistical conclusions, some stood out. These I would like to share.
In the following you will find the summary of the Research and Conclusions.
Summary ONE
The following is the percentage of Mons-Fris that went above/below 80 points from Open for the past 52 weeks.
31, 39, 25, 29, 35;
Conclusion: Tuesday and Friday are highest moving days. Meaning, Tues is way up there with Friday on the high horse.
Summary TWO
Let us take it a step further and combine the days.
The percentage of times when either Thursday or Friday went more than 80 points after Open was a whopping 62%;
Meaning more than twice their individual figures.
Conclusion: If one buys on Wednesday, there is a
62% chance that he will get a chance to exit in profit.
Summary THREE
The percentage of times when either Monday or Tuesday went more than 80 points after Open was
57%;
Still impressive.
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This is only research, an observation. How one makes use of it is a whole different different chapter.