Well Sorry to have been unable to post for such a long time.However, I am still caught in some personal work... I still believe that overall the nifty is headed up....but what we are in is a part of a B wave on a yearly time frame... and the moves are corrective in nature and taking more time, also more complex ,.... tho we are headed up... it may or may not be unidirectional move.... as of now tho....if we cross above 5630 soon instead of taking too much more time.... then the move will be quicker and less complex.Lets see what happens tho.
In the meanwhile, I have spotted that earlier the Nifty n the USDX used to move in oppsite directions...we had a negative correlation.However, since around mid 2010 onwards... we have a positive correlation... as in the Nifty n the USDX move in the same direction.You can see the same from the charts below.Not very neat charts but still....
In the meanwhile, I have spotted that earlier the Nifty n the USDX used to move in oppsite directions...we had a negative correlation.However, since around mid 2010 onwards... we have a positive correlation... as in the Nifty n the USDX move in the same direction.You can see the same from the charts below.Not very neat charts but still....
