Monday 2 December 2013

Hi Traders,

3 Dec 13, 10 : 00 am

Step 1 : Market Analysis

Nifty       : Down 7 pts
Cnx 500 : Down 1 pts
A : D      : 1.40 : 1

Market Analysis says today is " Sideways to mild bullish day "

Step 2 : Chart Analysis
Market Just gaped down 15 pts and filled the entire gap, this is sign of bullishness. Price is trading in between the range 6200 to 6225. Momentum indicators says bull have strength and bears are weak. The trend on the 5 min chart is sideways. The trend on the 30 min chart is up.

Conclusion:
Look for long at supports with stops.

ANALYSIS

Nifty had a choppy trading session today. Nifty traded sideways to down. But our analysis was sideways to mild bullish. We haven't got any great entry today. Either you would have made small loss or small profit for the day.

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