The chart is self explanatory...I have used log chart and the currency is changed to USD that's why the chart of NIFTY 50 is looking way different than the usual ARITHMETIC chart that we see in RUPEE index...There are various reasons why I have changed these 2 parametres which i will be covering in my next post...
Charts are not the only reason why I am bullish on NIFTY 50 for the next 5-10 years...but we are in the same situation where US was there in the 1980s and Japan in 1980s where Money was shifted from japanese markets to US markets where a huge value was seen...Now Money should be shifting from US to India where a huge value is created as we haven't moved very high from the US dollar point of view in the index...I hope the reason for using currency is cleared now...
As you guy have seen the breakdown in NASDAQ stocks and the US markets where the distribution has started (IN MY OPINION) NASDAQ's growth stocks are seeing breakdowns and money is shifted among US stocks as of now...
Now you might have a doubt that FIIs are selling then how are you so confident that money is being shifted to INDIAN markets?
I will post that separately due to some limitations of trading view.
I hope you got a rough IDEA about my theory about the markets and I forgot to mention one big news that respected Kumar Mangalam Birla sir has shared...The news stated that in the coming 10 years there is going to be the capex festival in INDIA...This same thing happened in 2002-2004 where the index rose 6 times from the bottom...I am not saying that same thing will happen but charts don't lie...IF I SPOT THIS THEN I WILL SURELY UPDATE IT
Thank you for reading my post
I hope you got a different angle to view NIFTY 50 FOLLOW me for more such content ahead
Till then,
HAPPY TRADING :)
Charts are not the only reason why I am bullish on NIFTY 50 for the next 5-10 years...but we are in the same situation where US was there in the 1980s and Japan in 1980s where Money was shifted from japanese markets to US markets where a huge value was seen...Now Money should be shifting from US to India where a huge value is created as we haven't moved very high from the US dollar point of view in the index...I hope the reason for using currency is cleared now...
As you guy have seen the breakdown in NASDAQ stocks and the US markets where the distribution has started (IN MY OPINION) NASDAQ's growth stocks are seeing breakdowns and money is shifted among US stocks as of now...
Now you might have a doubt that FIIs are selling then how are you so confident that money is being shifted to INDIAN markets?
I will post that separately due to some limitations of trading view.
I hope you got a rough IDEA about my theory about the markets and I forgot to mention one big news that respected Kumar Mangalam Birla sir has shared...The news stated that in the coming 10 years there is going to be the capex festival in INDIA...This same thing happened in 2002-2004 where the index rose 6 times from the bottom...I am not saying that same thing will happen but charts don't lie...IF I SPOT THIS THEN I WILL SURELY UPDATE IT
Thank you for reading my post
I hope you got a different angle to view NIFTY 50 FOLLOW me for more such content ahead
Till then,
HAPPY TRADING :)