14 Nov 13, 10 : 10 Am
Step 1 : Market Analysis
Nifty : up 93 pts
Cnx 500 : up 70 pts
A:D : 3.5 : 1
Market Analysis says today is " Bullish Day "
Step 2 : Chart Analysis
Nifty gaped up 43 pts and never filled the gap, this is sign of bullishness. After 8 down days in nifty, Price just gaped up, this is also sign of bullishness. Momentum indicator says bulls are stronger and bears are weaker. The trend on the 5 min chart is up and on extension mode. The trend on the 30 min chart also turned up.
Conclusion.
Look for longs and don't expect big moves today.
ANALYSIS
Today's plan is to find long opportunities. Our core strategy is to always look for long opportunities at support on correction.
If you look at chart's we haven't got any bounces form support.so, we haven't got entry today.
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