
Bearish divergence may pull down NIFTY today
On 27th Mar, Tuesday, the broader Indian market represented by the Index NIFTY50 opened with a gap up but failed to sustain the momentum....


Indian market may break out of the range to downside and find support at 9000
The benchmark index NIFTY 50 is now trading within a narrow range since 9 previous sessions. It is obvious that a break out from this...

NIFTY may take a U-turn. Fresh buying here would not be wise.
If you carefully look at the two daily charts of NIFTY below you will spot something interesting. As anyone would agree VOLUME is a key...

NIFTY bounceback could be temporary. Hidden divergence spotted.
Yesterday 23rd Jan NIFTY sharply recovered the loss experienced on the Friday of previous week and closed 42 points up at 8391. However...

Long awaited correction happened. NIFTY weakness to remain.
As forecasted yesterday, the bearish divergence spotted between NIFTY and SMT caused hammering with high volume and we gained a nice 85...

NIFTY consolidating with fresh bearish biasness.
By the end of the trading session on 16th Jan we anticipated progit booking and hence bearish sentiment on NIFTY (Red lines on the chart...

Bearish divergence indicating more profit booking ahead
On 16th Jan NIFTY closed 12 points higher which was just 5 points higher than the closing value of 12th Jan. Comparing with the SMT...

Profit booking continued. NIFTY may see further weekness.
On Friday 14th Dec NIFTY gap opened higher but failed to sustain at 8450 level and sharply came down to find support near 8410-20 level....

Cautious on NIFTY. Profit booking may begin.
On Thursday 12th Jan, NIFTY moved ahead in a firm style and closed 27 points higher to 4807. However the SMT on both daily and monthly...

NIFTY bull run continues as expected
At the end of 5th Jan trading session we spotted a hidden bullish divergence (shown in the chart below) between NIFTY and the smart money...