NIFTY reversal is a possibility

Yesterday NIFTY tried to remain in the positive zone almost throughout the day but failed to close there. Towards the end of the day selling pressure came in the market ended 32 points down. However, as I mentioned in the previous post, the Smart Money Tracker has been signalling a near term bottom and the same is again confirmed by today's actions. Now we can see a clear Bullish divergence has formed which indicates a reversal soon.

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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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