Last 5 years if one adjusts for covid related correction. US and Indian Markets have given phenomenal returns. Looking at the 5-year chart, the correlation between the markets looks quite high. While US markets was a leading indicator in the beginning. but Nifty later on started giving leading indicator. One can argue that Nifty return is in INR while SPX return is in USD. If one looks at the USDINR exchange rate the CAGR would be around 3% in last 5 years.
While market surely looks heated up .. SPX supported by FAANG and now NVIDIA the rally is very concentrated... while NIFTY has seen sector rotation and broader participation across stocks and industries. The steam to rally another 10% to 15% is still there but risk reward is not going in Favour of being long. One should start trimming position and give away last 5 to 10% gain and focus on saving capital.
While market surely looks heated up .. SPX supported by FAANG and now NVIDIA the rally is very concentrated... while NIFTY has seen sector rotation and broader participation across stocks and industries. The steam to rally another 10% to 15% is still there but risk reward is not going in Favour of being long. One should start trimming position and give away last 5 to 10% gain and focus on saving capital.
註釋
Gap has narrowed down. looks like when the cross over happens then we may get a good indicator.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。