Are We in Bubble?

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Are We in Bubble?

Seeing negative divergence for Market to Gold

Economy slumps but market at its peak, making new peaks but on the dark side, our economy has slowed down & slowing further, many rating agencies has cut down the global growth, and India's GDP forecast, sourced by MOSPI(Ministry Of Statistics & Programme Implementation).

 So why market keeps trading higher & hovers near high, well possible sign of bubble, because market keeps trading at high due to few companies such as Reliance,Hdfc,Hdfcbank etc.

 Plus after Q3 Earnings of Reliance & HdfcBank, price is correcting, so for short-term, we can see possible correction of 2%-3%.


Nifty Bank corrects as PSUs & PVT Banks are correcting.
Correlation shows negative divergences.
Gold making positive divergence & retracing towards 1575-1580, Gold is in uptrend already.
USDINR FX making positive divergence & retracing towards 71.35-71.45. USDINR already is in uptrend.
Nifty & NiftyBank indicators formed short-term negative divergence.


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Charts NIFTYBANK
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GOLDFUTURES
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NIFTY 50
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NIFTY 50 (KST)
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USDINR 

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