Nifty Bank Nifty FinNifty Probability Insights

 Probability Insights of #Nifty for 1-Sep-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close lower than previous day close of 19347.45 with 56.93% probability. However it closed lower by -0.49%  than the previous close at 19253.80 Overall back testing of Prediction accuracy as on 31-Aug-2023 is 54.64%. There are totally 6633 trading days of historical price data of Nifty. There are 341 trading days matching the pattern with that of close on 31-Aug-2023 Following is patterns based probability analysis for 1-Sep-2023 There are 175 trading days with positive close. There is 51.32% probability of spot Nifty closing > previous day close of  19253.80 There are 166 trading days with negative close. There is 48.68 % probability of spot Nifty closing < previous day close of  19253.80 Note - Probability analysis does not take into consideration and news flows that can force market to take different direction compared to anticipated path. also refer disclaim

Probability Insights of #Nifty for 31-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close lower than previous day close of 19342.65 with 50.61% probability. However it closed higher by 0.02%  than the previous close at 19347.45 Overall back testing of Prediction accuracy as on 30-Aug-2023 is 54.65%. There are totally 6632 trading days of historical price data of Nifty. There are 469 trading days matching the pattern with that of close on 30-Aug-2023 Following is patterns based probability analysis for 31-Aug-2023 There are 267 trading days with positive close. There is 56.93% probability of spot Nifty closing > previous day close of  19347.45 There are 202 trading days with negative close. There is 43.07 % probability of spot Nifty closing < previous day close of  19347.45 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 i

Probability Insights of #Nifty for 30-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close higher than previous day close of 19306.05 with 58.09% probability. It indeed closed higher by 0.19%  than the previous close at 19342.65 Overall back testing of Prediction accuracy as on 28-Aug-2023 is 54.66%. There are totally 6631 trading days of historical price data of Nifty. There are 93 trading days matching the pattern with that of close on 29-Aug-2023 Following is patterns based probability analysis for 30-Aug-2023 There are 45 trading days with positive close. There is 48.39% probability of spot Nifty closing > previous day close of  19342.65 There are 48 trading days with negative close. There is 50.61 % probability of spot Nifty closing < previous day close of  19342.65 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 issu

  Probability Insights of #Nifty for 29-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close higher than previous day close of 19265.8 with 55% probability. It indeed closed higher by 0.21%  than the previous close at 19306.05 Overall back testing of Prediction accuracy as on 28-Aug-2023 is 54.65%. There are totally 6630 trading days of historical price data of Nifty. There are 241 trading days matching the pattern with that of close on 28-Aug-2023 Following is patterns based probability analysis for 29-Aug-2023 There are 140 trading days with positive close. There is 58.09% probability of spot Nifty closing > previous day close of  19306.05 There are 101 trading days with negative close. There is 41.91% probability of spot Nifty closing < previous day close of  19306.05 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 issu

Probability Insights of #Nifty for 28-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close higher than previous day close of 19386.70 with 54.36% probability. It closed lower by -0.62%  than the previous close at 19265.8 Overall back testing of Prediction accuracy as on 25-Aug-2023 is 54.66%. There are totally 6629 trading days of historical price data of Nifty. There are 360 trading days matching the pattern with that of close on 25-Aug-2023 Following is patterns based probability analysis for 28-Aug-2023 There are 198 trading days with positive close. There is 55% probability of spot Nifty closing > previous day close of  19265.8 There are 162 trading days with negative close. There is 45% probability of spot Nifty closing < previous day close of  19265.8 Note - Probability analysis looks at overall data and does not look at immediate events or sentiments. As o verall market sentiment seems to be negative so above probability may not be applic

I have found a new pattern which has increased the overall prediction accuracy from 54.03 to 54.66%. Probability Insights of #Nifty for 25-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close higher than previous day close of 19444.00 with 56.18% probability. It opened gap up but closed lower by -0.24%  than the previous close at 19386.70 Overall back testing of Prediction accuracy as on 24-Aug-2023 is 54.66%. There are totally 6627 trading days of historical price data of Nifty. There are 149 trading days matching the pattern with that of close on 23-Aug-2023 Following is patterns based probability analysis for 25-Aug-2023 There are 81 trading days with positive close. There is 54.36% probability of spot Nifty closing > previous day close of  19386.70 There are 68 trading days with negative close. There is 45.64% probability of spot Nifty closing < previous day close of  19386.70 Disclaimer - This is not a investment or trading advice / recomme

  Probability Insights of Nifty for 24-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close higher than previous day close of 19396.50 with 56.07% probability. It indeed closed higher by 0.24%  higher than previous close at 19444.00 Overall back testing of Prediction accuracy as on 23-Aug-2023 is 54.03%. There are totally 6626 trading days of historical price data of Nifty. There are 858 trading days matching the pattern with that of close on 23-Aug-2023 Following is patterns based probability analysis for 24-Aug-2023 There are 482  trading days with positive close. There is 56.18% probability of spot Nifty closing > previous day close of  19444.00 There are 376 trading days with negative close. There is 43.82% probability of spot Nifty closing < previous day close of  19444.00 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 da

 Probability Insights of Nifty for 23-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close higher than previous day close of 19393.60 with 56.07% probability. It indeed closed higher by 0.01%  higher than previous close at 19396.50 Overall back testing of Prediction accuracy as on 22-Aug-2023 is 54.02%. There are totally 6625 trading days of historical price data of Nifty. There are 857 trading days matching the pattern with that of close on 22-Aug-2023 Following is patterns based probability analysis for 23-Aug-2023 There are 481  trading days with positive close. There is 56.07% probability of spot Nifty closing > previous day close of  19396.50 There are 376 trading days with negative close. There is 43.93% probability of spot Nifty closing < previous day close of  19396.50 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 dat

Probability Insights of Nifty for 22-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close lower than previous day close of 19310.20 with 50.54% probability. However it closed higher by 0.43%  higher than previous close at 19393.60 Overall back testing of Prediction accuracy as on 21-Aug-2023 is 54.01%. There are totally 6625 trading days of historical price data of Nifty. There are 856 trading days matching the pattern with that of close on 21-Aug-2023 Following is patterns based probability analysis for 22-Aug-2023 There are 480  trading days with positive close. There is 56.07% probability of spot Nifty closing > previous day close of  19393.60 There are 376 trading days with negative close. There is 43.93% probability of spot Nifty closing < previous day close of  19393.60 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

 Probability Insights of Nifty for 21-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close lower than previous day close of 19365.30 with 50.57% probability. It indeed closed lower by -0.28%  lower than previous close at 19310.20 Overall back testing of Prediction accuracy as on 18-Aug-2023 is 54.02%. There are totally 6624 trading days of historical price data of Nifty. There are 744 trading days matching the pattern with that of close on 18-Aug-2023 Following is patterns based probability analysis for 21-Aug-2023 There are 368 trading days with positive close. There is 49.46% probability of spot Nifty closing > previous day close of  19310.20 There are 376 trading days with negative close. There is 50.54% probability of spot Nifty closing < previous day close of  19310.20 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 i

  Medium to Long term analysis of Nifty based on EOD patterns on 18-August-2023  Nifty has 6625 days of historical data.  Nifty created a pattern on 18-Aug-2023 that was last seen on 29-Dec-2022. Nifty is near 19300 on 18-Auig-2023 while it was near 18200 on 29-Dec-2022. Between 18-Aug-2023 and 29-Dec-2022 there are 158 trading days where in Nifty touched approx the low of 16800 (-7% to -8%  fall) followed by high of 20000. The average for the range comes to 18400.  As of now Nifty is in the range of 18400 to 20000 and is in correction. There are 97 trading days out of 158 trading days when Nifty was in the range of 16800 to 18400. Percentage wise that comes to 61.39% There are 61 trading days out of 158 trading days when Nifty was in the range of 18400 to 20000. Percentage wise that comes to 38.61% Due to dynamic nature of market, this analysis will have to be reviewed periodically.  Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technica

Probability Insights of Nifty for 18-Aug-2023 NIFTY - Patterns based probability prediction Spot Nifty was expected to close higher than previous day close of 19465.00 with 56.14% probability. However it closed lower by -0.51%  lower than previous close at 19365.30 Overall back testing of Prediction accuracy as on 17-Aug-2023 is 54.01%. There are totally 6624 trading days of historical price data of Nifty. There are 743 trading days matching the pattern with that of close on 17-Aug-2023 Following is patterns based probability analysis for 18-Aug-2023 There are 368 trading days with positive close. There is 49.53% probability of spot Nifty closing > previous day close of  19365.30 There are 375 trading days with negative close. There is 50.57% probability of spot Nifty closing < previous day close of  19365.30 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

Probability Insights of Nifty for 17-Aug-2023 NIFTY Spot Nifty was expected to close higher than previous day close of 19434.60 with 55.94% probability. It opened gap down but closed higher by 0.16%  higher than previous close at 19465.00 Overall back testing of Prediction accuracy as on 16-Aug-2023 is 54.02%. There are totally 6623 trading days of historical price data of Nifty. There are 855 trading days matching the pattern with that of close on 16-Aug-2023 Following is patterns based probability analysis for 17-Aug-2023 There are 480 trading days with positive close. There is 56.14% probability of spot Nifty closing > previous day close of 19465.00 There are 375 trading days with negative close. There is 43.86% probability of spot Nifty closing < previous day close of 19465.00 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.

Probability Insights of Nifty for 16-Aug-2023 NIFTY Spot Nifty was expected to close lower than previous day close of 19428.30 with 52.12% probability. It opened gap down but closed higher by 0.03% higher than previous close at 19434.60 Overall back testing of Prediction accuracy as on 14-Aug-2023 is 54.04%. There are totally 6622 trading days of historical price data of Nifty. There are 842 trading days matching the pattern with that of close on 14-Aug-2023 Following is patterns based probability analysis for 16-Aug-2023 There are 471 trading days with positive close with average close of 0.91%, minimum 0.002%, maximum 15.07%. There is 55.94% probability of spot Nifty closing > previous day close of 19434.60 There are 371 trading days with negative close with average close of -0.88%, minimum -0.004%, maximum -9.05%. There is 44.06% probability of spot Nifty closing < previous day close of 19434.60 Disclaimer - This is not a investment or trading advice / recommendation. It does

Probability Insights of Nifty for 14-Aug-2023 NIFTY Spot Nifty was expected to close lower than previous day close of 19543.10 with 52.12% probability. It closed lower by -0.59% low than previous close at 19428.30 Overall back testing of Prediction accuracy as on 11-Aug-2023 is 54.04%. There are totally 6621 trading days of historical price data of Nifty. There are 1317 trading days matching the pattern with that of close on 11-Aug-2023 Following is patterns based probability analysis for 14-Aug-2023 There are 630 trading days with positive close with average close of 1.11%, minimum 0.002%, maximum 8.06%. There is 47.88% probability of spot Nifty closing > previous day close of 19428.30 There are 687 trading days with negative close with average close of -1.17%, minimum -0.003%, maximum -9.24%. There is 52.12% probability of spot Nifty closing < previous day close of 19428.30 Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical A

 Probability Insights of Nifty for 11-Aug-2023 NIFTY Spot Nifty was expected to close higher than previous day close of 19632.60 with 57.80% probability. However, It closed lower by -0.45% low than previous close at 19543.10 Overall back testing of Prediction accuracy as on 10-Aug-2023 is 54.03%. There are totally 6620 trading days of historical price data of Nifty. There are 1316 trading days matching the pattern with that of close on 10-Aug-2023 Following is patterns based probability analysis for 11-Aug-2023 There are 630 trading days with positive close with average close of 1.11%, minimum 0.002%, maximum 8.06%. There is 47.88% probability of spot Nifty closing > previous day close of 19543.10 There are 686 trading days with negative close with average close of -1.17%, minimum -0.003%, maximum -9.24%. There is 52.12% probability of spot Nifty closing < previous day close of 19543.10 Disclaimer - This is not a investment or trading advice / recommendation. It does not look at

Probability Insights of Nifty for 10-Aug-2023 NIFTY Spot Nifty was expected to close higher than previous day close of 19570.90 with 50.54% probability. However, It closed higher by 0.31% higher than previous close at 19570.90 Overall back testing of Prediction accuracy as on 9-Aug-2023 is 54.03%. There are totally 6619 trading days of historical price data of Nifty. There are 1801trading days matching the pattern with that of close on 9-Aug-2023 Following is patterns based probability analysis for 10-Aug-2023 There are 1041 trading days with positive close with average close of .84%, minimum 0.01%, maximum 6.69%. There is 57.80% probability of spot Nifty closing > 19632.60 There are 760 trading days with negative close with average close of -0.85%, minimum -0.006%, maximum -8.24%. There is 42.20% probability of spot Nifty closing < 19632.60 Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical Analysis or Fundamental Analysis. Th

   Probability Insights of Nifty for 9-Aug-2023 NIFTY Spot Nifty was expected to close higher than previous day close of 19597.30 with 57.64% probability. However, It closed lower by -0.14% lower than previous close at 19570.90 Overall back testing of Prediction accuracy as on 8-Aug-2023 is 54.03%. There are totally 6618 trading days of historical price data of Nifty. There are 742 trading days matching the pattern with that of close on 8-Aug-2023 Following is patterns based probability analysis for 9-Aug-2023 There are 367 trading days with positive close with average close of 1.04%, minimum 0,004%, maximum 7.66%. There is 49.46% probability of spot Nifty closing >  19570.90 There are 375 trading days with negative close with average close of -1.29%, minimum -0.01%, maximum -13.94%. There is 50.54% probability of spot Nifty closing <  19570.90 Disclaimer - This is not a investment or trading advice / recommendation. It does not look at Technical Analysis or Fundamental Analysis.

  Probability Insights of Nifty for 8-Aug-2023 NIFTY Spot Nifty was expected to close higher than previous day close of 19517 with 57.64% probability. It indeed closed higher by 0.41% higher than previous close at 19597.30 Overall back testing of Prediction accuracy as on 7-Aug-2023 is 54.05%. There are totally 6617 trading days of historical price data of Nifty. There are 434 trading days matching the pattern with that of close on 7-Aug-2023 There are 250 trading days with positive close with average close of 0.98%, minimum 0,004%, maximum 9.45%. There is 57.64% probability of spot Nifty closing >  19597.30 There are 183 trading days with negative close with average close of -1.18%, minimum -0.002%, maximum -8.53%. There is 42.36% probability of spot Nifty closing <  19597.30 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. Thi

    Probability Insights of Nifty, Bank Nifty for 7-Aug-2023 NIFTY Spot Nifty was expected to close lower than previous day close of 19381.65 with 52.13% probability, However, It closed higher by 0.69% higher than previous close at 19517 Overall back testing of Prediction accuracy as on 4-Aug-2023 is 54.04%. There are totally 6616 trading days of historical price data of Nifty. There are 432 trading days matching the pattern with that of close on 4-Aug-2023 There are 249 trading days with positive close with average close of 0.98%, minimum 0,004%, maximum 9.45%. There is 57.64% probability of spot Nifty closing >  19517 There are 183 trading days with negative close with average close of -1.18%, minimum -0.002%, maximum -8.53%. There is 42.36% probability of spot Nifty closing <  19517 BANK NIFTY Spot Bank Nifty was expected to close lower than 44513.45  with 51.87% probability, however, It closed higher on 4-Aug-2023 by 0.81% higher than previous close at 44879.50 Overall back t

  Probability Insights of Nifty, Bank Nifty for 4-Aug-2023 NIFTY Spot Nifty was expected to close lower than previous day close of 19526.55 with 52.05% probability, It indeed closed in negative by -0.74% lower than previous close and closed  today at 19381.65   Overall back testing of Prediction accuracy as on 3-Aug-2023 is 54.05%. There are totally 6615 trading days of historical price data of Nifty. There are 1360 trading days matching the pattern with that of close on 3-Aug-2023 There are 651 trading days with positive close with average close of 1.11%, minimum 0%, maximum 8.05%. There is 47.87% probability of spot Nifty closing > 19381.65   There are 709 trading days with negative close with average close of -1.17%, minimum -0.003%, maximum -9.24%. There is 52.13% probability of spot Nifty closing < 19381.65   BANK NIFTY Spot Bank Nifty was expected to close lower than 44995.7 which was close on 2-Aug-2023 with 51.45% probability, It indeed closed in negativ

  Probability Insights of Nifty, Bank Nifty and FinNifty for 3-Aug-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. For more details on Probability Analysis refer the FAQ in link below  https://www.marketprobabilityinsights.com/p/what-is-probability-analysis.html NIFTY Spot Nifty was expected to close lower than  19,733.55  with 52.01% probability, It indeed closed in negative by -1.06% lower than previous close at 19526.55 which is very near to the expected average price of -1.18%. Overall back testing of Prediction accuracy as on 2-Aug-2023 is 54.05%. There are totally 6614 trading day

Probability Insights of Nifty, Bank Nifty and FinNifty for 2-Aug-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. For more details on Probability Analysis refer the FAQ in link below https://www.marketprobabilityinsights.com/p/what-is-probability-analysis.html Overall Major indexes (Nifty, Bank Nifty and Fin Nifty) have closed in the range of -0.07% to -0.12% which shows market is waiting for clarity of direction before it takes a decisive move. NIFTY Spot Nifty was expected to close higher than 19753.8 with 57.82% probability, however it closed in negative by -0.10% lower than p