21 Nov 13, 9 : 55 am
Step 1 : Market Analysis
Nifty : Down 70 pts
Cnx 500 : Down 47 pts
A:D : 1 : 1.9
Market Analysis says today is " Down Day:
Step 2 : Chart Analysis
Nifty gaped down 15 and never filled gap, this is sign of bearishness. The Gap look like a professional gap. Momentum indicator says bears are stronger. The trend on the 5 min chart is down and on extension mode. The trend on the 30 min chart is also down.
Conclusion:
Look for short opportunity
ANALYSIS:
1. Price at Resistance zone.
2. ss candle
3. Momentum is bearish
4. Trend is dwon
5. H trend is also down.
Friends, if you would have noted the time means, we did our analysis at 9:55, but we have to wait till 1:20 to get our entry. This what trading is all about. " Patience "
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