5 Feb 2018

Since 2000, the NIFTY 50 Index has risen on average 41.66% on the 5th trading day of February. The Index has had a negative return on this day in -0.26% of years since 2000. The following chart shows the return of every February 5TD since 2000.

 

T1
NIFTY 50 5th trading day of February (2000 – 2017)

On the seasonality system, only BPCL gave notable daily average return around 1.82%. Even this instrument did not give any specific indication for any trend. But Wipro gave a negative sentiment on the seasonal pattern. Wipro has risen only 25% on the 5th trading day of February.

Trading Strategy for the day available in my book TRADER’S ALMANAC 2018