
Minor correction in NIFTY indicating more bullish strength in near term
On Friday 6th Dec NIFTY failed to maintain the bullish momentum it gained from the breakout on 5th Dec and closed 30 points lower at...

NIFTY broke out of congenstion. More upside ahead.
Yesterday 5th Jan NIFTY broke out upside from the range it created between 8220 and 8180. The move was supported by higher volume and on...

Lock profit in NIFTY. Correction ahead.
On 3rd January NIFTY inched ahead as predicted yesterday based on the bullish anomaly spotted on the SMT chart and closed 12.75 points...

NIFTY pullback rally gained strength. May witness more bullish strength.
Yesterday's (2nd Jan) movement in NIFTY confirmed more strength for it in the coming days. Though the index closed 5 points lower but the...

Thin volume rally may prove unsustainable. Bearish bias intact in NIFTY.
The unchallenged up move of NIFTY in the last 4 sessions amid very thin volumes is a common phenomenon in the last trading week of the...

NIFTY pullback rally may end soon.
The pullback rally on NIFTY continued on the expiry day but probably with not much support from the smart money. The trading volume was...

NIFTY may encounter further selling pressure on the expiry day
A sudden and strong pullback on 27th Dec had dented in the profitability of our bearish hedge position, however there was no reason to...

NIFTY sold off as expected. Maintaining a bearish bias.
We spotted a bearish divergence on 24th Dec which indicated more selling ahead after a small pullback attempt. Exactly the same happened...

Hidden bearish divergence spotted. Selling should resume again.
We were bullish on the overall market from Thursday 22nd Dec close but anticipated it only as a short term pullback. On Friday 23rd NIFTY...

Selling overdone. Bullish on NIFTY again.
On 21st Dec around the closing of the market we spotted a hidden negative divergence and shorted the market by selling NIFTY futures and...