22 AUG 13, 10:15 AM
Step 1: Market Analysis
NIFTY : Up 2 pts
CNX 500 : Down 4 pts
A:D : 1:1.1
Market analysis say today is " SIDEWAYS"
Step 2: Chart Analysis
Price opened and trading above the yesterdays low after a blip below the low. The trend of 30 min chart and hourly chart is sideways and trend on the 5 min chart is down to sideways. So, it becomes difficult to conclude the trend for the day.
Conclusion:
The market analysis says today is sideways and in chart analysis there is no clear view. The best trade for the day is " NO TRADE "(only for intraday). Market may fools us, but we go as per what chart and market analysis says.
0 comments:
Post a Comment