Probability Insights of #Nifty for 28-Aug-2023

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 overall market sentiment seems to be negative so above probability may not be applicable.

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

Comments

Post a Comment

Popular posts from this blog

Next 20 days Outlook of SPX based on Patterns from Historical Price Data as on EOD Jan-5-2024

Patterns based prediction using Predictive Analytics Every data contains patterns based on which it is possible to predict the expected movement of the market. Here I am trying to derive expected movement of SPX in next 20 trading session which will be approx 1 month timeframe from the day it is evaluated.  This blog is like central repository for me that I can refer in future to see how my research of the subject is progressing. Please don't use it for your trading. See the disclaimer below. Next 20 days Outlook of SPX based on Patterns from Historical Price Data as on EOD Jan-5-2024 The historical price data as on Jan-5-2024 is matching the pattern with  3 instances of the past.  1. First Pattern match is from March-21-1985 where in SPX had moved up 1.79%, corrected -0.84% and closed positive 0.98% in next 20 trading sessions compared to the opening levels of next trading day of March-21-1985. 2. The second pattern match is from April-22-1996 where in SPX had moved up 3.98%. corr
Read more

टीसीएस नाम का व्याकरण शास्त्र से विश्लेषण

 टीसीएस एक आईटी सेवा, परामर्श और व्यापार समाधान संगठन है जो पिछले 50 वर्षों से दुनिया के कई सबसे बड़े व्यवसायों के साथ साझेदारी कर रहा है। हमारा मानना ​​है कि नवाचार और सामूहिक ज्ञान बड़े उद्देश्य के साथ हमारे सभी भविष्य को बदल सकता है। टीसीएस यह चार अक्षरों का शब्द जिसमे की ३ अक्षर जल मंडल से है और १ शब्द पृथ्वी मंडल से है. जल मंडल और पृथ्वी मंडल मित्र मंडल है और उनका विरोधी मंडल अग्नि मंडल और वायु मंडल है. जैसा की आप देख सकते है की टीसीएस शब्द में अग्नि मंडल और वायु मंडल से कोई भी अक्षर नहीं है. यानि इस नाम के चारो अक्षर मिलके एक साथ टीम बांके काम करते है.  शायद इसी लिए टीसीएस कंपनी एक बड़ी सॉफ्टवेयर कंपनी बन पायी है जिसके अभी २०२४ में ६ लाख से ज्यादा कर्मचारी है जों १५३ देशो में काम करते है और इस कंपनी को नवोन्मेषी कंपनियाँ में गिना जाता है.  Disclaimer Note – This subject is of Faith or Trust. There is no assurance that every individual using this service will get their desired outcome.  
Read more

Next 20 days Outlook of SPX based on Patterns from Historical Price Data as on EOD Jan-12-2024

Jai Jinendra, Patterns based prediction using Predictive Analytics Every data contains patterns based on which it is possible to predict the expected movement of the market. Here I am trying to derive expected movement of  SPX in next 20 trading session which will be approximate 1 month timeframe.  This blog is like central repository for me that I can refer in future to see how my research of the subject is progressing. Please don't use it for your trading. See the disclaimer below. Next 20 days Outlook of  SPX based on Patterns from Historical Price Data as on EOD Jan-12-2024 1. First Pattern match is from Nov-11-1991 where in  SPX had moved up 4.17%, corrected 0% and closed 4.17% in next 20 trading sessions compared to the opening levels of next trading day of Nov-11-1991. 2. The second pattern match is from December-12-2017   where in SPX had moved up 7.09%. corrected -0.34% and closed 7.09%  in next 20 trading sessions compared to the opening levels of next trading day on Dece
Read more