06 Feb 2018

Since 2000, the NIFTY 50 Index has risen on average 76.92% on the 6th trading day of February. The Index has had a positive return on this day in 0.71% of years since 2000.

The following chart shows the return of every February 6TD since 2000.

T1
NIFTY 50 6th trading day of February (2000 – 2017)

 

On the seasonality system, only Tata Mot gave notable daily average return around 1.80%. This instrument gave a positive indication for trend. Even Nifty also provide a positive sentiment for the day.

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