NIFTY INTRADAY ANALYSIS - 17 OCT 13 - TRADE ANALYSISED

 Hi Traders,

17 Oct 13, 10:20 Am

Step 1 : Market Analysis

Nifty       : up 1 pts.
Cnx 500 : up 4 pts.
A:D        : 1.5 : 1

Market Analysis says today is " Sideways to Mild bulls "

Step 2 : Chart Analysis
Nifty Gaped up 8 pts and filled the entire gap, which say price will close below the open. Momentum indicates sight bearishness. The trend on the 5 min chart is sideways. The trend on 30 min chart is also sideways.

Conclusion:
The trend for the day is sideways - Trade accordingly

ANALYSIS:

Market which in consolidation mode till 1'o clock started to fall suddenly. Today's Trend as per our analysis is sideways. Today i believe we haven't got any trading opportunity as per our trading methods. So, we stick with our plan and had no trade today.