Nifty 50 has rallied by about 5.4 percent so far in November series and is on track to post highest gains since January series when the index rallied about 5.6 percent. But, talking specifically about the expiry day, historical data suggests that bears took control of D-Street in 7 out of the last 10 months.
Last 10 months data of 2018 suggests that Nifty slipped in the red on 7 out of last 10 expiry days. The index saw a cut of 0.98 percent in October, followed by 0.77 percent fall on June expiry day, and 0.69 percent drop seen in September and March.
The index rose by about 1.15 percent on May expiry day, followed by 0.45 gain seen in April and 0.32 upside recorded on July expiry day.
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