Probability Insights of Nifty for 10-Aug-2023

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. 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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