Tuesday, March 28, 2017

#NIFTY View on the 28th of March.

 In the week end review we saw two things. The immediate up move lacked conviction and lack of volume would send the index in a sideways move. The last two day’s action is only in line with our expectations. On Monday we saw a down bar on low volume. Today we saw the index open much above yesterday’s close only to result a narrow up bar resembling a “No demand” Bar.  The last two Bars with their low volume clearly indicate lack of interest from the Smart money. So as expected we will see more sideways moves,

No comments:

Post a Comment