• : March 10, 2020
  • : Prashant Shah

Bonds and Equity!

Have a look at below P&F chart of Composite index price of Government securities.

The chart of Composite Index shows the trend of India’s Bond prices. Above chart is bullish and trading above bullish trend lines. Have a look at below chart, it is Relative strength chart of GS Composite index v/s Nifty.

Numerator in above chart is GS Composite index. Hence, bullish setup in this chart indicates that GS Composite index (Bond) is outperforming Nifty 50 (Equity) and bearish setup shows that it is  underperforming.

This chart can be a very useful tool to know where the money is flowing!