Nifty Bank IndexUpdated BANKNIFTY Quadruple Witching
If you go and analyze S&P 500 index, in the 15 days before and after quadruple witching day, there are 65 events from 2006 to 2023 till now. The S&P 500 typically rallies from the BANKNIFTY 6th day before to the day before quad witch day. It is evident that the market typically declines on quadruple witching day itself.
A similar pattern can be seen in the case of Nifty. In the majority of the cases, the Nifty starts falling from a few days just before quadruple witching day. You can see the chart above to see the effect of Quadruple Witching on Nifty since the last year. So, it is advised to stay cautious in the next week. Be careful with your positions.
Good luck, stay safe!
BANKNIFTY 6th day before to the day before quad witch day. It is evident that the market typically declines on quadruple witching day itself.A similar pattern can be seen in the case of Nifty. In the majority of the cases, the Nifty starts falling from a few days just before quadruple witching day. You can see the chart above to see the effect of Quadruple Witching on Nifty since the last year. So, it is advised to stay cautious in the next week. Be careful with your positions.
Good luck, stay safe!
Note
MACD is bullish
Note
Note
44623
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.