Oil-Gold price Ratio is very low as compared to the history so there are chances that the gold Prices may shoot but since there is high volatility in Oil and gold Prices so one must have good strategy to take the position in gold with proper stop loss. Nifty has moved below 4000 level thus making 4000 now as resistance ... point which I believe is when we were riding high we went beyond the limits and same is happening again we were going down and now we are over doing it , people will now start felling that the market will keep going down and thus will start booking the losses and smart people will start to accumulate the stocks and positions from here for the long term benefits.... technically 3600 seems to be coming but after that there will be huge uncertainty according to some wave theory followers according to them we may fall into the long term downward cycle or we may start again the upward journey again. I don't see any positive news coming from anywhere how are we going to get into positive cycle.
I personally feel that we may touch the 3600 on NIFTY and play around there for some time and watch the behavior of the economy and then there on we will move into either the positive or negative cycle.
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