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ArpitBansal
Apr 23, 2020 7:56 AM

Nifty in gold terms 

100*NIFTY/(GOLD*USDINR)NSE

Description

Nifty never crossed the 2008 highs when measured in terms of gold. So much for the bull run. Will be interesting to see how this chart unfolds.
Comments
ArpitBansal
@niftytrader Sir Please have a look.
sm266
Great
avsrikanth
@ArpitBansal

Unbelievable insight....

So by statistical measure. Nifty should do well compared to Gold after this drama period ends?
ArpitBansal
@avsrikanth, My guess is it should test the lower support line first, i.e. gold will outperform nifty over next couple of months. Following that, if the trend stays true and there is no breakdown then yes, nifty might outperform gold. Though, this is about relative and not absolute performance.
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