FinNifty Probability Insights Update for 1-August-2023

 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 Average 1.31%, Minimum 0.002% and Maximum 16.31%.

The probability of positive close greater than compared to previous day close of 20342.05 on 1-Aug-2023 is is  56.44%

There are 127 trading days that had negative close compared to previous day close, with Average -1%, Minimum -0.003% and Maximum -9.65%.

The probability of negative close lower than compared to previous day close of 20342.05 on 1-Aug-2023 is 44.56%

Location: India

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