Probability Insights of Nifty for 9-Aug-2023

  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. 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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