I keep track of this chart to see if Nifty is over valued or not.
Nifty/Gold gives fair value of Nifty in terms of gold. There is good trendline which it has been honoring as resistance.
We are seeing selling pressure at the same levels.
Nifty/Gold gives fair value of Nifty in terms of gold. There is good trendline which it has been honoring as resistance.
We are seeing selling pressure at the same levels.
Note
Follow through daily H&S . . .Note
We are back to same trend line...!Break above 10.7 can be a game changer for nifty...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.