NIFTY INTRADAY ANALYSIS - 2 DEC 13 - TRADE ANALYSISED

Hi Traders,

2 Dec 13, 10 : 45 Am

Step 1: Market Analysis

Nifty       : up 33 pts
Cnx 500 : up 38 pts
A:D        : 2.8 : 1

Market Analysis says today is " Up day or Bullish Day "

Step 2 : Chart Analysis
Price just opened flat and traded higher. 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 is also up.

Conclusion:
Enter long with stops

ANALYSIS

Reason for Entry:

1.  Support Zone
2.  Candle stick Pattern
3.  Momentum is bullish
4. Trend is up
5. H trend is also up.