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GUEST LECTURE BY PRESIDENT OF THE AUSTRALIAN TECHNICAL ANALYSTS ASSOCIATION.
The Association of Technical Analysts, India is proud to announce this guest lecture on Feb 20, in Delhi, at PHD House. (2 PM to 5 PM). Full details can be had at www.taindia.org . The topic is related to automated trading systems – a subject which is rarely discussed.
This is a wonderful chance, do not miss it.
Members will be given preference at the meeting. Attendance for members is FREE while it is Rs 500/- for non-members. Please contact Vivek Rattan at 09350618090 for registration. We hope to conduct such lectures every month.
The presentation will be recorded so members away from Delhi will get an opportunity to view it over the internet. But, there is no substitute for personal attendance. If you are anywhere in North India, then access to Delhi is easy, and, you should attend.
Leading to the Budget
Is there a pattern in the last two weks of Feb, leading to the annual budget?
Here is th performance of the Nifty, from 1995 to 2009. The fields are:
Last trading day of Feb, Nifty value onafter Feb15, Nifty on last trading day of Feb, Change
19950228.00 1032.64 1014.72 -17.92
19960229.00 1051.99 992.51 -59.48
19970228.00 1009.45 1053.55 44.10
19980227.00 974.55 1060.75 86.20
19990226.00 970.25 941.20 -29.05
20000229.00 1744.50 1654.80 -89.70
20010228.00 1393.35 1351.40 -41.95
20020228.00 1150.00 1142.05 -7.95
20030228.00 1036.00 1063.40 27.40
1040227.00 1913.60 1800.30 -113.30
20050228.00 2098.25 2103.25 5.00
20060228.00 3017.55 3074.70 57.15
20070228.00 4047.10 3745.30 -301.80
20080229.00 5202.00 5223.50 21.50
20090227.00 2948.35 2763.65 -184.70
In the past 15 years, the Nifty saw 9 declines, 6 advances between 15th Feb and the last trading day in Feb. In many years, due to elections, the budgets were not presented in Feb therefore the data is not truly reprsentative. Yet, this is what we have for the second half of Feb. The data suggests that the bias is slightly to the downside.
More inputs are welcome.