The End-of-Month Nifty returns have been less than stellar in the recent months, as September closed in with –1.2% and the Nifty dropped nearly 20% in the year.
October has traditionally been lousy; even if you remove the 26% drop in 2008, October has averaged a –0.6% average return, with 11 of the last 17 Octobers showing a negative return.
Consider that already, in just two days, the Nifty has fallen 3.5%. In fact the last expiry – last thursday – was above 5,000 – and we are at 4772, nearly 5% down from there in three days. Oh, it’s going to be a crazy October, for sure, with earnings coming right through it.
