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Correlation

Strange Observation between NIFTY and GOLD...Since August 1, 1991: When ever NIFTY and GOLD return are same NIFTY gives handsome return in coming months. Good examples of above statement are years 2003, 2009, 2013 and 2020. Since August 1, 1991: NIFTY has given approx 4200% return and GOLD has given approx 2750% return. Difference in return is approx 1450%. Going by the above observation either NIFTY has to come down or GOLD has to go up (or both) for NIFTY to give handsome return. NOTE: This is just a strange observation/correlation. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:NIFTY
by MandeepSinghKohli
4
Correlation between Nasdaq and Indian IT stocksThere is an interdependency between them but not to the extent, that people considered it to be. Indian IT stocks have shown much resilience and hold their position better despite the sharp fall in the US market. There are a few challenges to this sector 1. Attrition 2. Usd/INR 3. Fear of recession In case of recession, it will be beneficial for western countries, they will outsource the workforce, which could ease the pressure on their margins. Looking at the price structure and valuation of IT stocks, It seems to receive support at 8-10% below the current value.
NSE:CNXITEducation
by OK_Rane
Are we on the verge of a US Market drop?Hello. My name is François Normandeau Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes . Currently, on the daily charts , all the indicators we are using are mentioning that the US Dollar Index TVC:DXY is currently in a confirmed downtrend. Historically, there is a strong positive correlation between the US Dollar Index and the US Treasury Notes. if DXY drops, ZN1! drops... if DXY rises, ZN1! rises... relatively speaking and all things being equal. If anyone is currently keeping a major long position related to the US Bond market, then this correlation is worth considering. More details about this post, as well as a video analysis, later today, on our site . Wishing you a great week, François Normandeau Institutional Research Director at ADX-BRIEFING
TVC:DXYShort
by Pine_Academy