23 AUG 13, 10:20 AM
Step 1 : Market Analysis
NIFTY : Up 20 Pts
CNX 500 : Up 24 Pts
A:D : 2.6 : 1
Market Analysis say today is "Bullish day"
Step 2: Chart Analysis
The Price is struck in a range 5268 and 5500, which is 232 pts wide. The has happened due to increase volatility of nifty index. After yesterdays rally price has opened above and with in 10 min closed the opening gap. As the short term trend for the day is sideways. As per charts trend is sideways to mild positive.
Conclusion:
The trend for the day is " sideways to mild positive ".
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