Received this interesting WhatsApp forward
The Month January in last few years:
2008:
Nifty peaked around 10th Jan, and was down 30% from there by 22nd, recovering minorly after that.
2009:
Nifty peaked around 7th, down 15% by 23rd.
2010:
Nifty peaked around 18th, down 10% by month end.
2011:
Nifty peaked on 4th, down 13% during the month. Recovery only post March.
2012, 2013: market went up in January.
2014:
Nifty peaked around 23rd, down 5% by month end.
2015:
Nifty was down 5% in 2 trading days in the 1st week, but recovered later.
2016:
Nifty peaked on 1st Jan, before going down 10% by 20th. Further 10% fall in Feb.
2017: market consolidated with bullish signs.
2018:
Very well remember this year. Exuberance of 2017 came to an end around 25th Jan. It was downhill from there.
2019:
Very choppy January. Up down up down.
2020:
Before the severe March crisis, market had started correcting from 20th Jan. Till Feb 1st, 7% down.
2021:
After a super 1 direction run since June 2020, Nifty corrected 8% from 21st Jan till month end, before resuming upward move from 1st Feb (Budget)
2022:
Nifty peaked on 18th Jan, a level which was only seen again on 11th Nov. Post 18th Jan, next one week saw Nifty 6% down. Minor recovery only started mid March.
Reason may be whatever. Januarys has been very volatile & have not been that good for Nifty 50 historically.