Step Sum Analysis : Nifty Update as on 31/08/2016

Concept of "STEP SUM" & "Count of 15" were discussed in my earlier blog  & not repeated :

http://lalitlk-lalit-lk.blogspot.in/2016/02/step-sum-analysis-of-nifty-as-on.html

I shall like to share a few observations afresh post reviews of all Data at my disposal.

Above covers Nifty over 14 years with Closing & relevant Step sum at monthly rest. Note the median value of Step sum (over the period) is 232.

Next is "Count of 15" ( i.e., consecutive 15 days's step sum duly added ) ; notice a large number of data are in the range of  "+9 to -9  " & their contributions to overall step sum literally small & insignificant.

Here I had explained the concept of "Count of 15" .

The following Table elaborates the details over 4 years from 01/01/2013 & over all period  :

Let us focus our attention over four years since 01/01/2013 :

Nifty Chart of 2013-6 with key observations.