Daily Market Summary – 28th Mar 2016
Nifty Market Profile References
Weaker Reference at 7615 Repaired in today intraday trade. And also the EOD sentiment in Nifty turned negative which indicates a high possibility of potential positional trade setups towards the next downside reference levels 7615(Mechanical Reference Level), 7566 (VPOC – Virgin Point of Control) and in extreme case nifty could test 7430 (Poor Low Zone) this expiry(3 more days left for the march expiry).
Nifty EOD Sentiment turned Negative
Three days of consecutive Value area overlapping seen also there are signs of aging trend and late buyers entering into the market. Todays price action started with no global emotions and in the first hour of trading hourly sentiment turned negative [also posted the same in slack chat as well around 10:15a.m today]
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