28 Nov 13, 10 : 15 am
Step 1 : Market Analysis
Nifty : Up 53 pts
Cnx 500 : Up 39 pts
A:D : 2.7 :1
Market Analysis says today is " Bullish Day "
Step 2 : Chart Analysis
Market gaped up 35 and didn't filled the gap, this is sign of bullishness. The Nifty which was in consolidation for three day, has broke out. Momentum indicator which says bulls are stronger. The trend on the 5 min chart is up and on pullback mode. The trend on the 30 min chart is also up but nearing the resistance point.
Conclusion
Trade long with tight stops.
ANALYSIS
Last 3 days has been quit difficult day for trading. Today as last day for f&o expiry. There is too much of volatility in Nifty. As you can see from the chart, there is too many whipsaws. If you did't trade today or only exited with small losses, you have grown as good traders.
Happy trading
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