Can Nifty touch 9600 by Dec 2016 – Historical Prospective

Can Nifty touch 9600 by Dec 2016 – Historical Prospective

There has been always a year end rally. In this study we have taken Oct low as base and taken December closing. Except,   4 years ( 2015 ,2011,2010,2009). Nifty has always given a positive return. Nifty Index has repeatedly broken into a year end rally. Once the Nifty Index forms its October low it rallies nearly 13% (avg) by the end of the year. So going by this , yes it  shows that Nifty may very well past its previous high /life time highs if October correction remains shallow.

Incase of drawdown, we have taken if nifty has broken October Low in the month of November or December. Only 4 years it has broken its October Low

Assuming that 8508 is the October 2016 low for Nifty Index, it can rally up to 9650 based on its past Statistics.

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