12 Nov 13, 10:00 am
Step 1 : Market Analysis
Nifty : up 10 pts
Cnx 500 : up 10 pts
A : D : 1.5 : 1
Market Analysis says today is "Mild Bullish day"
Step 2 : Chart Analysis
Today market open flat, with in yesterdays high and low. The momentum indicator which dose not give any signal. The trend on the 5 min chart is down and on pullback mode. The price has hit the higher time frame 30 min chart support, which implies mild bullish. The trend on 30 min is up ( price at support).
Conclusion
Price is at support,trade carefully.
ANALYSIS:
1. Price at resistance zone.
2. Shooting star.
3. Momentum bearish.
4. Trend is down
5. Higher time frame is down
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