Bearish move over yesterday. Now looking for buy again
- Arup Nag
- Nov 25, 2016
- 1 min read
We have been expecting a downmove since last couple of days (read previous post here) and it came on Thursday 24th, the F&O expiry day on Indian markets. The move was satisfactory with NIFTY closing 68 points or 0.84% down from previous day's close.
As on yesterday's closing we have a new hidden bullish divergence between NIFTY and SMT which is shown below with the arrows.
This probably indicates that the big down fall which had paused during last 3 trading days is over for the time being and we might see good pullback soon.
Tags: hidden divergence, custom indicator, divergence, proprietary trading, futures, trading, smart money tracker, smart money, nifty, indian stock market, forecasting, regular divergence, derivatives, finance, prediction, options, market analysis