NIFTY INTRADAY ANALYSIS - 26 NOV 13

 Dear Traders,

26 Nov 13, 9 : 50 Am

Step 1 : Market Analysis

Nifty       : Down 11 pts
Cnx 500 : Down 3 pts
A : D      : 1.2 : 1

Market Analysis says today is " Sideways to Mild Bullish Day"

Step 2 : Chart Analysis
Market just gaped down and filled the entire gap, this is sign of bullishness. The price which is trading between the yesterdays high and low. The momentum indicators says bulls are strong and bears are weak. The trend on the 5 min chart is up and on pullback mode. The trend on the 30 min chart is also up.

Conclusion
The chart and market analysis give's different views, wait for confirmation and trade accordingly.