Banks are gold mines only in Q3

The title may surprise you, but you can’t ignore the statistics. Every sector shows its strength depending on  the economy, government policies and supply/demand. Here is my observation on Banking sector: From 2003 to 2010, Banking sector  has been doing well in Q3 except 2002. Using 2003-2010  NSE-Bankex data Average return in Q3: 21% Minimum […]

IIP data and January month

IIP(index of industrial production) data certainly have some influence on market. I am trying to compile previous 4-5 years data to take position with caution. Around 2nd week of January,  Industrial Production  data from April to November in previous  are released. I assume better IIP data will push market upwards. My analysis only involves IIP […]