28 Oct 13, 10:18 Am
Step 1 : Market Analysis
Nifty : up 8 pts.
Cnx 500 : 5 pts
A:D : 1.3 : 1
Market Analysis says today is " Sideways to Mild Bullish "
Step 2 : Chart Analysis
Market gaped open 10 and filled the entire gap. Nifty opened and trading between the yesterdays high and low range. Momentum indicator shows bulls and bears have equal strength with mild bearish bias. The trend on the 5 min chart is sideways. The trend on the 30 min chart is also sideways.
Conclusion:
Wait for price to give signals and trade or avoid trading today.
0 comments:
Post a Comment