This week, with its fresh breakout gold has started outperforming cnx500.
This is generally a period of subdued returns in the stock market as big money could have shifted to gold as a hedge against inflation or upcoming correction in the markets.
We need gold to consolidate at current levels and fall down for a retest of its breakout levels. which should happen soon.
until then we may expect lower returns from equities and the indices could go into a consolidation mode.
Its not the time to be aggressive in the market, the market will make a fakeout to the top and then fall down. We will closely monitor for such a scenario.