Thursday 29 August 2013

Hi Traders,

Analysis of the day : "Sideways - to mild bullish"

Reason for entry zone:

Reason 1:Price break the low of opening 15 min and took support.
Reason 2: Price bounced with strength bar.
Reason 3: Price consolidated for 2 bars and gave breakout with big bar.
Reason 4: As, today is F&O expiry and the trend was down, we can expect short covering to raise the price.

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