13 SEP 13, 10:20 Am
Step 1 : Market Analysis
Nifty : Up 8 pts
Cnx 500 : Up 11 pts
A:D : 2.5 : 1
Market Analysis says today is : " sideways to mild bullish"
Step 2 : Chart Analysis
The market just gaped down slightly and started to raise with strength. In daily chart market is in consolidation mode after a steep rise. The short term trend will be down below 5820. The trend for the days is sideways to mild bullish.
Conclusion:
LOOK FOR LONG WITH TIGHT STOPS AND WITH HALF THE POSITION SIZE.
ANALYSIS:
As analysis suggest you to enter long at support. we been keenly waiting on the the support zone of 5820 -5830. Price reached the zone 11:10 am. The price approached the zone with great strength with volume behind it. so, i would not have entered the trade.
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