18 SEP 13, 10:15
Step 1 : Market Analysis
Nifty : Down 2 pts
Cnx 500 : Up 3 pts
A:D : 1 : 1
Market Analysis say today is "Sideways Day"
Step 2 : Chart Analysis
Market Gaped up 20 points into a resistance zone and started to come down. Nifty is in side way trend for last 4 days. Today also nifty is trading in between the range, till the range gets broken. The trend is sideways.
Conclusion
Trend for the day is sideways, trade accordingly
ANALYSIS:
The trend for the day is clearly sideways. After 2:30 see a strong rally in nifty for 50 points. But still there is clear sign of entry,so today is "NO TRADE DAY ",
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