Divergence in Nifty Hourly Charts

Chart simply shows a negative divergence pattern in both RSI and MACD indicator as the price trending higher

indicator is making lowerer values. If Nifty resists 4540-4549 levels then a perfect short trade could set up here

with stop loss 4620-4630

Smart Money Ratio(SMR) Indicator Here is an extract from the Economic Times about the SMR IndicatorWhen the market was shut on Tuesday before last (6th January), Satyam was still a blue chip and the Nifty was on a clear […]
Thomas Cook : Good times ahead for shareholders Scripscan:Thomas Cook (India) LtdCmp:88Target:105Return expected:20%Duration:2-3 monthsStory:Thomas Cook Group plc has announced that it is acquiring up to 74.9% of the issued […]
Nifty and Bank Nifty Futures Positional Trend Update Nifty Futures continues its positions sell mode right from 24th September onwards and currently the resistance zone comes around 7997 .Reverse your position to positional buy mode if the […]
Nifty Options Open Interest lookup for September 2011 series Today there has been a tremendous short covering in nifty from the bottom gaining 171.80(+3.62%). Also the shorter term trend had finally turned to buy mode after a month long.
Nifty Elliott Wave Short Term and Medium Term View Next 2 sessions will be critical for nifty. Strength above 7730 is likely to open higher levels like 7920-8000.. On the other hand, if nifty weakens below todays low of 7532,we may see […]
Nifty and Bank Nifty 90 min charts for 15 June 2011 Trading Nifty nears to the cloud resistance with resistance coming near to 5517 zone Nifty will turn to buy mode above 5517. Bank Nifty turns to buy mode with support coming near to 10700 zone.