Is this a general trend in Nifty ?

Here is a plot of action on Nifty in last 5 days taken from

There seems to have a strange trend

Whatever  trend (going up or down)  emerges  within first half and hour seems to persist for whole day. Last week this happened on 4 out 5 days.  On Wednesday this did not happened. However, it is clear that on Wednesday, there was no trend in first  half an hour. 

 The same first half and hour effect was also visible on Nasdaq.

Is this just a coincidence or a general rule of stock market?





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