Nifty / Gold nearing resistance
Updated
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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