It appears of the five days of the week that markets trade on. Tuesday seems to be a really special day. The current month of January 2011 would have 5 Tuesdays of which four have been traded. The net result is an amazing finding where 72.65% of the monthly gains were recorded on the four Tuesday’s put together. The month has seen trading for twenty days. Yet another way of looking at these numbers is 25% of the days contributed to 72.65% or 75% of the days contributed to 27.35% of the gains.

The NSENIFTY also played out similarly with 70.6% of the monthly gains coming on the 4 Tuesdays.

The month of January 2012 has been really special as suddenly it appears all the problems of the country on fundamentals; economic and political have been resolved with the change of the year. India was the worst performing market in the year 2011 losing 24.64% on the SENSEX and 24.62% on thee NIFTY. With barely a month in the present year having been completed India is the best performing market of the world having gained 11.51% on the SENSEX and 12.55% on the NIFTY. If one were to look at it in another way the recovery in absolute numbers is 1779 points against a loss of 5054 points or 35.20% on the SENSEX, and 580 points of 1510 on the NIFTY or 38.43%.

The important thing to watch is whether Tuesday the 31st of January would be like a Super Tuesday or any other day. It sure would be interesting to watch how the remaining two days of the month play out.

Clearly it’s a great way to start the new year but whether the momentum is sustainable or not is a million dollar question.