Nifty Multi-asset and USDINR chart
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Nifty has been underperforming. This is a time when it is important to watch out for price breakouts in Gold and USDINR.
I track Gold or USDINR price charts when they starts outperforming.
Below is a USDINR chart. The breakout from here (~83.45) will open higher counts.
Hope the Nifty bounces back and this pattern fails. However, that hope is for equity and economy.
Trading requires ruthless and emotionless execution. Trade what you see, not what you want.
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Thanks for the informative post, real time updates such as these help traders integrate theory with practical. In this direction, off late, DE team has taken some great initiatives.
sir, till last week, midsmalcap was being outperformed by only Gold asset class and not other asset classes. But todays strong red price action has suddenly changed the game against the equities. And midsmlcap400 is underperforming all other asset classes.
Now not only nifty largecap but even other segments have started underperforming other asset classes. I think sir, after observing underperformance in all equity segments, you have written this post. Am I right sir??
So now it appears RS switch, as seen on charts at the moment, atleast in the short term is confirmed OFF.
So ideally , we should trade other asset classes or if somebody still wants to trade in equity then pullbacks should be the go to option. Hope my understanding is correct
