20 SEP 13, 10:10
Step 1 : Market Analysis
Nifty : Up 1 pts
Cnx 500 : Up 1.5 pts
A:D : 1 : 1
Market Analysis say today is "Sideways Day"
Step 2 : Chart Analysis
Market gaped down 4 and corrected into a support and bounced back to 6120.Price again started to correct with weakness and moving toward the support. Nifty is trading between the yesterdays high and low range. So trend for the day is sideways with mild positive bias.
Conclusion
Wait for the price to reach support and enter with any candle buy pattern with tight stops. Today is last day of week, today's closing is crucial for weekly trend, so trade carefully.
ANALYSIS:
Today market just fooled all our analysis and declined after the disappointing news from RBI.
Though we are not taking economic analysis into consideration, but we are prepared with our stops, in case news is against us.
Hope your stops got executed at right price. In case price jumped at your stops always exit with market orders.
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