Thread by @KakkarSpeaks

Did some analysis of #Nifty Historical Daily %Change from 1996 till date to get an idea how our market has behaved over the last 25 years or so.
Data source: Investing.com
Observations:
1. Daily changes have been the best on 'Wednesdays' and worst on 'Monday's

..(1/n)

2. If we remove the 95th percentile outliers from the data... 'Monday' surprisingly turns to be the 2nd best while 'Wednesday' still remains the best.

3. Most of the bad outliers occurred on 'Monday'... I guess it it is due to the weekend effect (bad news)....

(3/n)..

4. Daily individual contributions have been best in Qtr-2 & Qtr-4 while not so great in Qtr-1...

5. After removing outliers, Qtr-2 still best historically for positive daily % changes..

(4/n)...

6. On Monthly view with complete data 'April' and 'December' are the best while 'March' followed by October are the worst.

7. However, after removing outliers, 'March' is not that bad after all as compared to 'October'.. April, December and June still good..

(5/5)..

So with the big event to span out tomorrow and being on wednesday of 2nd month of Qtr-3, i would bet on the bullish side, maybe i am wrong but let's play the event with a view atleast ;)
#Nifty #BANKNIFTYFUTURE #USDINR #USElections2020 #USElection2020

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Singapore Nifty flying now.. way past 12,100 Boom Boom 🚀💥