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NIFTY rallied but bearish bias intact
- Arup Nag
- Dec 5, 2016
- 1 min read
After 2 days of falling NIFTY recovered yesterday afternoon with a nice vigor and closed 42 points up. However we don't see any bullish divergence formed yet which means the bearish divergence formed between 25th and 30th November (marked in the attached pic with black lines) is still intact and we might see further downside in coming days. In the alternative scenario if a fresh bullish anomaly is formed I will close by short hedge position and reverse.
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