Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

INDIAN MARKETS-WATCH REVERSAL POINT AT 5290 ON CLOSING BASIS

Source : http://www.moneyvistas.in/ 
Tomorrow we might open flat to 20 point negative.
Here is daily sectoral chart 












Fii's & Dii's action on 7th April










Market profile values for 8th April
*Nifty spot/Nifty future
VAH --- 5385/5384
POC --- 5378/5377
VAL --- 5361/5360
Yesterday values played out well.Look at the chart.
Till 12:45 Nifty futures traded above VAH and finally drifted below VAL and closed above 7th April VAH
*3 red lines are VAH,POC,VAL respectively.












Level's to watch out on downside is 5333 and 5305 below that 5290.

On the way to upside First resistance comes at 5390 and 5400-5420.

*Stay on sidelines.Fresh investment not recommended.
Stocks which are looking weak :
Axis bank,cipla,ongc,Aurobindo pharma,sun pharma

Cheers & Best to your trading.



Disclosure: NO POSITIONS