I had some time today and thought of getting some statistics.
As you know, today, Nifty gaped down near 1%. I checked how Gap Downs, near 1% performed in the past starting from 2005. Given below all such occurrences, baring today’s .
A picture is worth 1000 words. Hence I am not venturing into explaining (also I do not have time to do that). Instead you can see graphically, how such occurrences performed. Now guess what is in store in the coming days.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
