Nifty : Mirror inversion (2009-13)

A hypothesis (plural hypotheses) is a proposed explanation for a phenomenon, per dictionary.

As my hypothesis is “after two GAPS Down one after another , waves are PENDULUM like reverting, so to say after inverting anti-clock wise by 180 degree.”

http://lalitlk-lalit-lk.blogspot.in/2012/06/nifty-inversion-of-waves-over-2-years.html

On 5th August 2011, there was Gap down of 127.45 in NIFTY and on the next working day the 8th August, there was a Gap down of 127.40 further. '5280' is the middle point of two candles in the chart.

OHLC value of the Nifty was used to determine the value of ‘Open - 5280’, ‘High-5280’, ‘Low-5280’ & ‘Close-5280’ , eg., 132.4, 154.5, 43.15 & 51.8 for 4-Aug-2011. Similarly for all prior days based on historical data (Sourced from NSE).

Accordingly, mirror projections for 5 Aug 11 are calculated as :
open =5280-51.8 (corresponding to CLOSE), high =5280-43.15 (corresponding to LOW), low=5280-154.5 (corresponding to HIGH) & close=5280-132.4 (corresponding to OPEN){Data pertaining 4 Aug 11}.

Calculations for SUBSEQUENT days were made SIMILARLY based on PRIOR days (eg., 8 Aug 11, 9 Aug 11 etc etc  3 Aug 11, 2 Aug 11 etc etc)

In the above image of Excel sheet , please notice that OHLC for Nifty from 5th August 2011, and the calculated 'Mirror projection' ; ratio of Actual to Projection are given under bluish shade. Chart, below, shows the total range :

And the Data are analysed as per the following parameters

A	0.99	1.01	60	13.51
B	0.98	1.02	57	12.84
C	0.97	1.03	32	7.21
D	0.96	1.04	39	8.78
E	0.95	1.05	33	7.43
X	< 0.95	> 1.05	94	21.17
XX	< 0.90	> 1.10	129	29.05
			444	100

  
It is observed that out of 444 cases, mis-matches (X & XX) are more than good matches (A with a variation of 1% or less), B (<2%), C (<3%), D (<4%) and E (<5%), however, the mystery of PAST influencing the PRESENT can not be brushed aside.

Note that on 12 March 2013 (latest worst mis-match), the Actual Nifty was 1.12 times the Projection for the said day, and on 26 March 2013 (latest best match), the Actual Nifty was 1.007 times the Projection for the said day. Projection for next week are also listed. 

Here is a super-imposed inverted chart on the Nifty chart since 04/08/2011.