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​​​​​​​​​​​Amit: https://i.gifer.com/Osc7.gif
​​​​​​​​​​​Amit: Now things are more sweet. We all know what is going to happen next if PDL breaks right. The more it goes up, the more ripe the short!
​​​​​​​​​​​Amit: Lets ride long till short triggers!
​​​​​​​​​​​Bounce: If You plot the values from http://ftddp.dgciskol.gov.in/principalcommditysearch.html on Gold, You will get this -
​​​​​​​​​​​Bounce: The data is well sorted. As Market is inefficient, I invite all data miners to cross check the import log since inception of time and check if there is correlation in commodity stocks.
​​​​​​​​​​​Bounce: Gold vs NIFTY returns. This looks majestic.
​​​​​​​​​​​Bounce: Newbies can see this as Gold vs Index return.
​​​​​​​​​​​Bounce: From 19/03/2007 to today, Gold has 11.13% CAGR while Index has 10.77%. In sort, Gold is even beating the index in terms of returns as well as it has better sharpe ratio.
​​​​​​​​​​​Bounce: There are no huge sudden swings
​​​​​​​​​​​Amit: On a further analysis on Jeweller to Gold rather than Gold to Index. Titan to Gold graph looks quite taunting. https://www.tradingview.com/x/Rrnd6Fbh/
​​​​​​​​​​​Amit: I added Rajesh Exports and Vaibhav Global and Kalyan Jewellers. Marketcap wise they are next. https://www.tradingview.com/x/7W96Yeou/.
​​​​​​​​​​​Amit: Vaibhav Global has broke the charts !!
​​​​​​​​​​​Amit: As I was Google Sheeting anyways, I added two Leverage apps.
GoldenRatio - BANKNIFTY
Previous Day: High - 35343.95. Low - 34891.3. Close - 35047.35.
Intraday Range: High - 34937.15. Low - 34721.75.
Golden Number is 412.85.
Buy above 35582.1. Sell below 34756.45.
GoldenRatio - NIFTY
Previous Day: High - 15835.5. Low - 15749.75. Close - 15799.3.
Intraday Range: High - 15791.9. Low - 15699.55.
Golden Number is 110.05.
Buy above 15927.25. Sell below 15707.15.
​​​​​​​​​​​Amit: This is the YT live position. Closing it.