Nifty 50 - 8th November 2023 | @ 76 Days | + 0.15%

Last trade: + 0.15% | 'B' class signal detected in India's Nifty 50. Running at an average wavelength of 76 days over 14 iterations since December 2020. Currently troughing

ΣL Cycle Summary

Here we have the 80 day wave in India’s main equity measure. Somewhat delayed in phase against the more accurate US Stockmarket Composite, which we reported on recently, the wave is fairly coherent across the sample. Riding within what is likely the 40 week nominal wave, shown below, this component is due to peak early - mid December.

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Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Sell - NIFTY 50 4th October 2023
Entry: 4th October 2023 @ 19436.09
Exit: 8th November 2023 @ 19406.69
Gain: 0.15%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 76.25 Days
Completed Iterations: 14
Component Yield Over Sample: 65.1% - learn more

Time Frequency Analysis