Today 29 July 13 @ 10:30 am.
Step 1: Market Analysis:
Nifty : Down 25 pts
Cnx 500 : Down 27 pts
A/D : 1 : 2
so, the market analysis say today is " Down Day"
Step 2: Chart analysis
Nifty from 6080 going one way, that is down you can see from charts, so this is not a start of trend, and trend has stretched , ride the trend still it is over and be cautious. Any time pullback can happen. Ready for it.
Conclusion:
GO SHORT WITH TIGHT STOPS AND READY FOR PULLBACK. EVEN BE PREPARED TO TAKE SOME SMALL LOSSES.
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