GOLD SILVER RATIO TRADESilver is in Bullish mode & Gold is not so bullish. Seeing the Gold/Silver Ratio Chart, trade at 65.50.. It will soon go the 62.00. Means Buy Silver & Sell Gold in equivalent amounts... Hugh gains possible
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Nifty Auto/Nifty Ratio Chart Weekly BreakoutNifty Auto/Nifty relative strength chart (CNXAUTO/NIFTY) seems to have broken out of it long held weekly resistance. If this breakout goes through, we can see cyclical bullish trend on all major auto stocks. Looks like bullish times ahead for India's auto industry!
BANKNIFTY/NIFTY chart up for flag breakout? BANKNIFTY/NIFTY ratio chart is showing bullish flag formation for over a month and looks ready for a breakout.
#NIFTY / #USDINR Ratio Chart - Ascending Triangle Tipping PointReaching the Tipping point of the smaller Ascending Triangle within the larger Ascending Triangle.
BankNifty Has Much More Room To Drop Further.This is the ratio chart of BankNifty Vs USDINR. As One can see it is trading at the very high range of linear regression channel. and previously whenever that happened it was followed by deep correction. Expecting much lower levels on BankNifty, At least 20000.
Bear Market has just Started.The chart I am plotting here is the ratio chart between FMCG & Auto Sector. The logic is that during good times Discretionary sector does well & In Bad times Investors hide into consumer staples. As this chart is suggesting FMCG sector is at an record low compared with Auto Sector & has just begun to outperform which is an indicative that one should be cautious. Short Discretionary & long Staples is my trade going forward.
Reliance & Mindtree Pair TradeLooking at the ratio chart of reliance to mindtree it seems that reliance is picking momentum against mindtree. Two stocks are not correlated so it may not be a better idea to pair trade, but idea here is to buy under performer which is picking momentum against out performer.
