

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...


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...
