Next 20 days Outlook of Nifty based on Patterns from Historical Price Data as on EOD Jan-15-2024
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 Nifty 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 Nifty based on Patterns from Historical Price Data as on EOD Jan-15-2024 1. Pattern match is from multiple days where in Average Nifty had moved up 2.33%, corrected -2.05% and closed 0.25% in next 20 trading sessions compared to the opening levels of next trading day While there are minor supports in between, Next major support is between 4600-4640 levels. The minor resistance is at 4800 to 4840 levels. How did the prediction perform one month back? The patter...
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