I keep track of this chart to see if Nifty is over valued or not. Nifty/Gold gives fair value of Nifty in terms of gold. There is good trendline which it has been honoring as resistance.
We are seeing selling pressure at the same levels.
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Follow through daily H&S . . .
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We are back to same trend line...!
Break above 10.7 can be a game changer for nifty...