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MK💎 Profile picture
MK💎
@KakkarSpeaks
IIM C | GLIM | MBA Finance | Double Gold Medalist | Pinescript coder | Part-time Trader | Deloitte+SAP for Living | Tea Lover | https://t.co/iKL77owgBb
Nov 3, 2020 • 7 tweets • 4 min read
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)....