S&P500 vs Nifty50 vs USDINR upto 31st Oct 2023This year, SPX is up 8.84% compared to Nifty50 up 4%. Nifty50 is plotted in USD currency so that the comparison makes more sense.
If you also look at the price actions, both the charts are showing good correlation. It will be interesting to find out how Nifty50 will close the 4.84% gap.
USDINR is up 0.59% year to date.
Sp500long
Whats next for S&P500 - a falling wedge breakout?Our NSE:NIFTY & NSE:BANKNIFTY is following the same chart pattern as SP:SPX
A falling wedge plus bearish descending channel with a strong horizontal support
SPX has just broken out from the falling wedge, will it breakout?
And if yes - some of that euphoria will spill onto Nifty50 as well.