NIFTY under accumulation. Relief rally expected
- Arup Nag
- Dec 19, 2016
- 1 min read
NIFTY fell consecutively for the 4th day but the price action and smart money movement suggesting accumulation taking place (circled area). After the anomaly formed on Friday 16th Dec, we now have a regular bullish divergence (indicated by lines). This suggesting a temporary relief rally on the cards after which if we can spot a bearish signal that will be ideal for closing our bullish hedge (still in profit due to faster decay of the 8250 call option) with minor loss/profit and open fresh bearish legs.
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