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Detailed Analysis: GOLD vs NIFTY

We’ve entered a crucial phase in the market cycle, one that could define the next major trend. The GOLD vs NIFTY ratio is nearing a historically key zone where NIFTY has previously outperformed GOLD.

In recent years, GOLD has been a strong performer, signaling caution in equities. But the current setup suggests a shift in relative strength, indicating that NIFTY may start leading over GOLD again.

If this trend holds for the next 2–3 months, it could confirm the start of a new bull market phase.

The Ratio Chart shows we are re-entering the zone where NIFTY’s past outperformance over GOLD led to sustained bullish trends in the broader market.

In short, this could mark a major shift in leadership from defensive assets like GOLD to growth-driven equities represented by NIFTY.
#CNX500

The CNX500 chart shows a clear double bottom formation, with the third minor bottom acting as a confirmation point. This pattern aligns well with the signals from the GOLD vs NIFTY ratio chart, both indicating growing strength in equities.

A short-term pullback may occur, which should be seen as a healthy correction rather than a cause for concern. Stay prepared, this could be the start of a strong new bull run ahead.
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I had all this before Muhurat Trading Day, added more as well.
#WAAREEENER this too will follow #WAAREERTL soon πŸ€žπŸ»πŸš€
❀1
#CARRARO

Adding levels 508-510
Downside risk 460-463 below this SL
Above 525 momentum expected
Refer to my trades in #SRM and #LGBBROSLTD, both charts shared with entries market. Based on pre breakout entry in a base formation.
Both will book today πŸš€
Today's selling seemed more like manipulation. We’ve approached a key resistance zone for the second time, and the more often we test this level, the weaker it tends to get. Many stocks witnessed sharper declines compared to the indices, indicating profit-booking pressure.

I expect this selling phase to continue for a few more sessions before we see a strong rally ahead. I haven’t sold anything major, as this looks more like a healthy correction within the trend.

That said, I did book some profits over the past two sessions. Will update once the buying momentum resumes.
πŸ‘2
#TBOTEK
24th Oct shared this trade in CLOSED CIRCLE.