nifty smr chart...

my smr charts calculated and posted for mkt.

latest nifty smr chart.


nifty smr chart jan-aug 2008.


smr is smart money ratio, an indicator suggested by economictimes research. it is nothing but a contrarion indicator to price action. troughs mark the tops and peaks mark the mkt bottoms, intermediate and long term.

it is supposed to signal mkt reversals as marked by vertical blue lines in above charts.

having said that, i find it quite difficult to predict next peaks and troughs on smr values by common ta methods, will need some researching/modifications to get some clues. however, at present, a value above 100 or near 20 on smr could signal a possible potential reversal to happen.

i have scaled down smr and nifty spot values for display on same chart.