We can expect short term bullish move in NIFTY now

On Friday 16th Dec, NIFTY was weak throughout the day and despite a gapped up opening it failed to sustain at higher level and closed 14 points lower.

We now have a bullish anomaly created on the SMT and more interestingly despite a negative day the SMT actually printed a positive value (chart below). This prompts us to hold our bullish hedge position created earlier.

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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