ilmscore | Prediction Details
"a 5 to 10% dollar Index move will might and might mean a 5 to 10% correction in the Nifty Now as we stand the dollar Index is at 107 it has hit an alltime high of 110 it has breached its 21 and 50 moving the average and again I think a lot of Institutions for for your investors at large because we track Global markets we speak to a lot of global institutional investors as well they track technicals as well right and they track technicals very very closely so if it is breached at 2150 moving average if it is coming off I think it becomes a very poent sign if it starts coming off even more that inverse relation in Nifty might start happening and maybe the next few few weeks or months as one common indicator or one parameter that you are tracking maybe the bottom is probably close"
By CA Rachana Phadke Ranade | March 7, 2025 | Incorrect
From video
Which Sectors Will Lead the Next Rally? ft. Mayuresh Joshi | CA Rachana Ranade 00:12:46 - 00:13:33
Interpreted Prediction
A 5-10% move in the dollar index can lead to a 5-10% correction in Nifty due to their inverse relationship. With the dollar index at 107 and breaching its moving averages, a decline could signal an upcoming bottom in the Nifty within the next few weeks or months.
AI Evaluation Notes
The prediction suggested a Nifty bottom in the weeks/months following March 7, 2025, based on a Dollar Index decline from 107. While the Dollar Index did fluctuate, it didn't consistently decline significantly enough to trigger the predicted Nifty correction. Therefore, the prediction was mostly wrong.

Prediction Details

Topic
Dollar Index and Nifty Relationship

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