My trade plan for 13th January 2014.
If nifty opens gap down I will "Go Long @ 6145 with SL @ 6125" and if nifty opens flat I will "Go Short @ 6185 with SL @ 6205". I do not expect any decisive breakout on either side as bulls and bears both seems to be undecided. My guess is that this range will break on downside eventually but it needs some trigger. December IIP number is disappointment for market. It can be one of the trigger for down move but forthcoming CPI, WPI data will hold it for the day. One thing is for sure range expansion is going to be there in this week. Last week it was in double digit and I guess it may score double hundred in coming week.
