Thursday 5 December 2013

Hi Traders

6 Dec 13, 11 : 13

Step 1 : Market Analysis

Nifty       : Up 9 pts
Cnx 500 : Up 11 pts
A:D        : 1.3 : 1

Market Analysis says today is " Mild bullish Day"

Step 2 : Chart Analysis
Nifty opened flat  which offered use no clues. Momentum indicator says bulls are stronger and bears are weaker. The trend on the 5 min chart is up and on pullback mode. The trend on the 30 min chart is also up. Nifty is in weekly resistance zone.

Conclusion,
Trade long with tight stops. also be prepared to go short.

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