Probability Insights of Nifty for 11-Aug-2023

 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 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


 


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