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....
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...