4 Dec 13, 10 : 05 am
Step 1 : Market Analysis
Nifty : Down 17 pts
Cnx 500 : Down 7 pts
A:D : 1.20 : 1
Market Analysis says today is " Sideways Day"
Step 2 : Chart Analysis
Nifty gaped down 15 pts and never filled the gap, this is sign of bearishness. Momentum indicator says bulls and bears have equal strength. The trend on the 5 min chart is down and pullback mode. the trend on the 30 min chart is up.
Conclusion
Wait for market to show clear signs and trade accordingly.
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