Is NIFTY 50 truly at an all-time high?

7 ก.ค.

When we evaluate the NIFTY 50 in relation to gold, the picture becomes less rosy. The NIFTY 50 hit its relative peak around March 24, after which gold has been consistently outperforming it. Adding to the concern, a death cross formed in mid-April, and on July 5th, NIFTY 50 broke down below the 30-day simple moving average (SMA).

This begs the question: Is NIFTY 50 truly at an all-time high?