NIFTY/S&P 500 at long-term resistanceThe relative strength (ratio) chart of Nifty to S&P 500 (NIFTY/SPX) has hit its long-term resistance once again and has been consolidating in that area for some time now. Breakdown from this consolidation can take the Nifty/SPX back down to previous horizontal support.
Note: This is for educational purpose only as the ratio itself is not tradeable and to place actual trades in this ratio is not advisable for retail investor.
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Nifty PSU Bank to Pvt Bank Ratio Chart BreakoutNifty PSU Bank Index is outperforming Private Bank Index by a big margin. Current Situation is Similar to 2004-2008 Period where maximum money was made by Public Sector Banks. Public Sector Banks where NPA's have bottomed out and Banks with High Provision Coverage Ratio has potential to surprise everyone on the positive side.
Chart Suggests that PSU Banks can Outperform the Private Banks by Hefty 30-35% in Next 1-2 years. Meaning- If Private Banks Fall by 1.35%, Strong PSU Bank Index will fall just by 1% and on the upside if private bank index rises by 1%, Public Sector Banks will rise 1.35%.
APEX FROZEN FOOD IS READY TO FLY HIGHSWING TRADE IN APEX, SECOND WAVE CORRECTION COMPLETED ON GOLDEN RATIO
Chart is self explanatory. SWING TRADE- Entry, Target and Stop Loss are mentioned on the chart.
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.
NIFTY/S&P500 at Trendline SupportWe published our initial idea on NIFTY/S&P500 in Oct'21 where we highlighted the long-term resistance which was at play for the ratio chart. That resistance played its role well and now we are at the diagonal trendline support which was created during Mar'20 fall. This is also the 200DMA as well as 200WMA zone for the ratio. Will the Nifty/S&P500 hold this support and return back up from here? We will be watching the price action and keep this space updated.
NIFTYMETAL/NIFTY Bounces from 31.8 Fibonacci Retracement ZoneNIFTYMETAL/NIFTY ratio chart is exhibiting retracement from its pullback from last highs. The ratio has shown successful retracement toward 0.318 Fib level and seems to have successfully bounced from that level. This is bullish development for the metal stocks in the coming weeks. We may see the price going back to the previous high and beyond.
Asian PaintsAfter a deep cut from the top, Asian Paints is consolidating Nr. Trend line support, It is getting rejected from 20 MA. Also RSI 50 earlier acting as support now becomes resistance.
4 times It has taken support from the same RSI and one time rejected, again it is trying to give BO on RSI chart.
In a ratio chart Asian Paints has taken at the same level.
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!
Why You should Buy The Dip, Rather Than Getting Freaked Out.What i am publishing is the ratio chart of Maruti to Hindunlever every time the bottom in Ratio chart of Maruti to HUL has coincided with bottom in Nifty & overall markets. The simple thought behind why this happens is that Maruti represents discretionary spend where as HUL is consumer staple stocks where you wont cut spending even if economy is doing worse. At bottom ratio represents that pessimism towards discretionary spend has increased compared to absolute necessary spend. historically such a pessimism has resulted in good buying opportunity over next few years. So if you are building portfolio use whatever dip you get in Nifty as an opportunity to buy Good Quality discretionary stocks & even small & midcap stocks.






















