Hi Traders,
27 AUG 13, 11:00
Step 1 : Market Analysis
NIFTY : Down 108
SENSEX : Down 308
CNX 500 : Down 73
A:D : 1 : 2.8
Market Analysis say today is "Down day"
Step 2 : Chart Analysis
Nifty formed doji yesterday at 5500 resistance and closed below the resistance. Today morning price gaped below the yesterdays low. which confirms start of new down trend after a retracement of price. Volume also confirmed the price. So, today is down day.
Conclusion:
Go short and run the trend as long as possible.
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