Probability Insights of Nifty for 8-Aug-2023

 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. 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

 


Location: India

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