Today 8 Aug 13, 10:13 Am
Step 1: Market Analysis
NIFTY : UP 2 PTS
CNX 500 : DOWN 2 PTS
A:D : 1.5/1
Market analysis say today is " Side ways to trading day"
Step 2 : Chart Analysis
The Chart analysis say price is in between the trading range of 5560 - 5485, trend will be establish only when the price broke above range. Till price is in this range the trend will be sideways. Don't look for breakout trade at least today. Market makers may try to fool you.
Conclusion:
Market and Chart analysis both says trend for the day is side ways.
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