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Are We in Bubble?

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Bank Nifty
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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.

Charts NIFTYBANK
GOLDFUTURES
NIFTY 50
NIFTY 50 (KST)
USDINR 

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    • Emily Brett Strategy typically involves two major processes: formulation and implementation. Formulation involves analyzing the environment or situation, making a diagnosis, and developing guiding policies. It includes such activities as strategic planning and strategic thinking.
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