ilmscore | Prediction Details
"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 as we speak"
By CA Rachana Phadke Ranade | March 7, 2025 | Pending
From video
Which Sectors Will Lead the Next Rally? ft. Mayuresh Joshi | CA Rachana Ranade 00:12:54 - 00:13:33
Interpreted Prediction
With the Dollar Index at 107 and having breached its 21 and 50 moving averages, a potential decline could trigger an inverse effect on the Nifty, suggesting that a market bottom might be near in the coming weeks or months.

Prediction Details

Topic
Dollar Index and Nifty Relationship

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