Nifty Bank Nifty FinNifty Probability Insights

  Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical Analysis or Fundamental Analysis.  The outcome could be prone to data issues or calculation issues.  This post is for information purpose only.  I don't charge or offer any paid service. The higher probability percentage or ranking does not guarantee the actual outcome to be matching with that of predicted outcome. I am not SEBI registered. FinNifty  Probability Insights Update for 1-August-2023 FinNifty #FinNifty #NiftyFinancialServices Spot FinNifty has 4863 days of historical data. Overall prediction accuracy as on 31-July-2023 is 53.06% for Nifty. FinNifty closed at 20342.05  above the previous day close of 20298.05. Following are the probability insights based on the new pattern for 1-Aug-2023 There are 285 trading days that matches the pattern to the close of the previous day close There are 158 trading days that had positive close compared to previous day close, with Ave

  Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical Analysis or Fundamental Analysis.  The outcome could be prone to data issues or calculation issues.  This post is for information purpose only.  I don't charge or offer any paid service. The higher probability percentage or ranking does not guarantee the actual outcome to be matching with that of predicted outcome. I am not SEBI registered. Nifty and Bank Nifty Probability Insights Update for 1-August-2023 Nifty #Nifty Spot Nifty has 6612 days of historical data. Overall prediction accuracy as on 31-July-2023 is 54.06% for Nifty. The pattern identified for 31-July-2023 was a noisy one and probability distribution for positive close was 49.49% and negative close was 50.51%. Nifty closed at  19753.80   above the previous day close of 19646.05. Following are the probability insights based on the new pattern for 1-Aug-2023 There are 1802 trading days that matches the pattern to the

Nifty and Bank Nifty Probability Insights Update for 31-July-2023 I have made a change in pattern identification. For Nifty, instead of identifying daily pattern, the pattern will remain valid as long as the flow of the pattern continues. However, the update for Bank Nifty will be on daily basis. The reason behind different behavior for Nifty and Bank Nifty is because Bank Nifty is high beta and pattern changes quickly compared to Nifty. I have back tested both and overall prediction accuracy as on 28-July-2023 is 54.06% for Nifty and 52.78% for Bank Nifty. Nifty This pattern remains valid as long as next day close will be below the previous day close. There are 741 days matching the pattern. This pattern is noisy with 49.49% of positive close and 50.61% probability of negative close. There are 366 days had positive close compared to previous day close, Average 1.04%, Minimum 0.004% and Maximum 7.65% There are 375 days had negative close compared to previous day close, Averag

  Daily Nifty Probability for 28-July-2023  This is daily prediction on whether Spot Nifty will close higher or lower compared to previous day close. Previous day review : Although there was high probability of Nifty closing higher (58%) compared to previous day close of 19778.3. Although market opened higher but closed lower -0.60% compared to previous day close. On 27-July-2023 Nifty closed at 19659.9 There are 366 days in Historical price data that has pattern  similar to that of previous day close. 186 days had positive close compared to the previous day close. The average positive close has been 0.86%, minimum 0.004% and maximum 4.51%. Probability of positive close is 50.81% 180 days had negative close compared to the previous day close. The average negative close has been -1.19%, minimum -0.01% and maximum -13.86%. Probability of negative close is 49.19% Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical Analysis or Fundamental

 Daily Nifty Probability for 27-July-2023  This is daily prediction on whether Spot Nifty will close higher or lower compared to previous day close. On 26-July-2023 Nifty closed at 19778.30 There are 213 days in Historical price data that has pattern  similar to that of previous day close. 124 days had positive close compared to the previous day close. The average positive close has been 0.73%, minimum 0.002% and maximum 3.42%. Probability of positive close is 58% 89 days had negative close compared to the previous day close. The average negative close has been -0.91%, minimum -0.03% and maximum -7.13%. Probability of negative close is 42% Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical Analysis or Fundamental Analysis. This post is for information purpose only.  The higher probability percentage or ranking does not guarantee the actual outcome to be matching with that of predicted outcome.