How will the markets behave in the July series? What strategy you should follow while trading in markets? How have the markets behaved in this month over the last 10 years? Understand the movement of Nifty to make informed choices, reveals Zee Business Managing Editor Anil Singhvi. Zee Business’ Ashish Chaturvedi throws light on this.
The July series has traditionally been in favour of bulls since 2009, Chaturvedi said. There has been a lot of movement with significant ranges between High and Lows, he further said.
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In his research report, Chaturvedi gave comparisons in returns given by Nifty. The returns were 7-8 per cent in 2009, while in 2010, it was only 1.7 per cent. In 2011 and 2012, the returns fell by 2.8 per cent and 2 per cent respectively. In 2013 and 2014, the returns were up by 4 per cent and 3 per cent respectively. In 2015, the returns were marginal at just 0.3 per cent. In 2016, 2017 and 2018, the returns were up by 5 per cent, 5.5 per cent and 5.5 per cent. In 2019, the returns fell by 5 per cent, he added.
The data over the 10 year period i.e. between 2009 and 2019 suggests that the July series has given positive returns 7 times as against negative returns at 3 times.
Commenting on this trend, Zee Business Managing Editor Anil Singhvi said that the trends show a mixed result of highs and lows. He further said that barring 2019, the last four years gave positive returns in July.
On being asked why the markets gave negative returns in July in 2019, Chaturvedi said that the research team was looking at this aspect and would inform channel viewers on this, shortly.
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Zee Business will be beginning its preparations on July series for the channel viewers from tomorrow (Friday), Singhvi said.