5 Dec 13, 10: 5 am
Step 1 : Market Analysis
Nifty : up 113 pts
Cnx 500 : up 77 pts
A:D : 3.6 : 1
Market Analysis says today is "bullish or up Day "
Step 2 : Market Analysis
Nifty gaped up nearly 90 pts and never filled the gap, this is sigh of bullishness. The momentum indicator is bullish. The trend on the 5 min chart is up and on pullback mode. The trend on the 30 min chart is up but the trend on the weekly and monthly chart is down (because price is with in the resistance zone).
Conclusion:
Avoid trading or go with half the position size.
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