Here's an update to a post we did back in december which shows the bias for a particular day of the week and the net change for that day.
It's just a stat and the idea is to see if there is any advantage in approaching any day of the week with a fixed bias.
The last post on the subject is here : http://www.vtrender.com/content/nifty-daily-stats-3
Here is a continuation of the same with data from the 1st week of december to the close of trading on friday- 3rd May.
Day of week based change :
Ever since this rally began from 5500 levels, we have mostly seen a positive Monday, a flat tuesday, data is absent on wednesdays owing to holidays falling on that day twice, up thursday and a down friday.
This is data only for the rally from 5500 levels .
Even otherwise thursday seems to be holding a bigger positive bias than other days.