17 SEP 13, 10:25 AM
Step 1: Market Analysis
Nifty : Down 16 Pts
Cnx 500 : Down 13 Pts
A:D : 1:1.5
Market Analysis say today is " Sideways Day"
Step 2 : Chart Analysis
Nifty is trading between the yesterdays range. As momentum of the price appears to be equal. The volume of the price also indicates sideways trend. The trend for the day is sideways to mild down.
Conclusion
The trend appears to be sideways, trade accordingly
ANALYSIS
NIFTY MOVED SIDE WAYS THROUGHOUT THE DAY. THIS IS "NO TRADE DAY". IF YOU ARE ABLE IDENTIFY, THEN YOU HAVE LEARNED IMPORTANT TRADING LESSON. " WHEN NOT TO TRADE "
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