A nice upturn in NIFTY yesterday - anticipated

8th November 2016

I was expecting a strong bullish move in NIFTY since last 2 days because the SMT was consistently pointing upwards indicating smart traders are accumulating. The high volume trading on Friday 3rd was another indication. Yesterday the market heavily gapped up and maintained that bullish tone throughout the day. Below is the updated chart and the SMT position.

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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

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