The Nifty is now up 5 consecutive months, which is a situation that’s occurred seven times in the past – and each such time, the market has moved substantially in the next month (with the exception of July 2007).
Here’s the Nifty Monthly Returns:
The Nifty has of course gone even longer – in 2003 and 2006 it went on for another three months before it declined.
Here’s the data for the Sensex too:
Nifty Moves Up For The Fifth Consecutive Month in July at +4.2%: Monthly Returns
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