was going through some charts on gold/equity relationship.. See the Gold/Nifty weekly chart where I have marked the approx peaks and bottoms . An interesting observation (not mine) i read on the net where they say when Gold price/Nifty value goes below 3 . Equities are at the peak in that period and when it goes higher than 4 then equities/nifty at bottom . So i have put out both Gold/Nifty ratio chart and Nifty chart marking by circle(in nifty chart) and by vertical lines on both where peaks and bottoms occurred.
No as we see equity going higher and higher what remains to be seen when there is a correction (real one) in near future , will the graph of gold/nifty go below 3? or other way round keep a watch when this touches the "equity bottom zone" and then become extremely cautious?
Agreed gold or dollar strength is just one of the many factors but still this graph could be a pointer i feel
Shireesh Joshi
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@The Wealth Vriksh
i go as per the constituents provided by defineedge. It may not be partof NIFTY FMCG but it is a FMCG consituent -
i have spent some time on this feature and I have found it very useful especially for realigning your long term portfolio.. Its something like "follow the leaders". I have studied each sector (less than 25 stocks )including define edge sectors and have come across some interesting observations of stocks within a sector .. Eye openers if you may . For eg, while analyzing the FMCG sector , naturally stocks which are "solid" like Brittania , HUL, ITC come to mind and we stay invested for long . Bur in last 10 years Actually VBL gave more value ... it still is the leader, Then it goes that one should perhaps book profits in these blue chips and realign by adding VBL. Eventually we should have 3 to 4 of these top stocks and keep tracking say every three months . Maybe a new entrant comes in the realign accordingly .for eg i tried to compare VBL with others as mentioned above.
I am sharing some other sectors images ....with the same logic
Another example is IT .. Is it time to realign and include/add on to persistent /coforge and exit/pare holdings in TCS , INFY????
Is this the right track?? or is it too simplistic -
Yes , thats true , how to resolve this?
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Hi,, yes i did eventually get that 1 min time frame would be the issue. But thanks for the suggestion to use web tradepoint.. will do it
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I have been carrying out backtesting on my strategy for F&O stocks (delivery based) . My long entry is based on my P&F system builder called MAST-Bullish and my exit is at my strategy called "Exit strategy" which is a simple box below MAST indicator in coloumn 0. Long exit at 25 %profit. I have run on various groups . I am including one result
My query is whatever peiod i give in "period From" it doesnt go before May 2023 even if i give default from period . Why is this? i am unable to attach the csv files..am attaching photos s not sure if photo is clear
Can we predict peaks/bottoms using Gold/Nifty ratio chart?
multiple stock performance - useful guidline for long term investment
multiple stock performance - useful guidline for long term investment
Groups, Systems(system Builder) created in RZone should be available in Tradepoint & Vice versa
backtesting query period from ..to
backtesting query period from ..to