NIFTY INTRADAY ANALYSIS - 25 OCT 13 - TRADE ANALYSISED

Hi Traders

25 Oct 13, 10:30 am

Step 1 : Market Analysis

Nifty       : Down 12 pts.
Cnx 500 : Down 11 pts
A : D      : 1  :  1.1

Market Analysis says today is "sideways day"

Step 2 : Chart Analysis
Market opened 10 down and filled most of the gap. Nifty is in consolidation mode for last 3 day, and volatility has increased in last two days. The price is showing false breakout on either side, this is because price is nearing the all time high. Momentum indicator is showing bulls and bears have equal strength. The trend on the 5 min chart is down, and on pullback mode. The Trend on the 30 min chart is up, price has reached support zone.

Conclusion:
Nifty is in consolidation mode, but price has reached support at 30 min charts, so look for longs on supports, with tight stops.

ANALYSIS:

Today 30 min charts is used to mark the entry zone, because the trend is up on 30 min charts and trend on the 5 min chart is down. so,

when to use which time frame:

H Trend  - up
T trend - up, use T time to enter the market.

H trend - Up
T trend - Down, use H trend to enter market.

Reason for Entry:
1. Price at support zone.
2. Momentum is bullish
3. Trend is Down
4. H trend is Up