#NIFTY / #USDINR Ratio Chart - Ascending Triangle Tipping PointReaching the Tipping point of the smaller Ascending Triangle within the larger Ascending Triangle.
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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.
