i used (close of last trading day of month - open of 1st trading day of the month)/close of last trading day of previous month. quite complex, but exact. basically you are saying that you go long at open of 1st day and close your position at the last trading day..
That is interesting!! I thought that December gives the least return.
ReplyDeleterathi dude.. it could be a dull market in west, but festive season looks to be eventful for indian market, check out october's performance!
ReplyDeleteQuite Interesting?
ReplyDeleteBut on what basis did you calculate the return?
e.g.
Is it (EOM Close / SOM Close - 1) of Nifty?
EOM: End Of Month
SOM: Start of Month
i used (close of last trading day of month - open of 1st trading day of the month)/close of last trading day of previous month. quite complex, but exact. basically you are saying that you go long at open of 1st day and close your position at the last trading day..
ReplyDelete