Nifty Volatile how to trade now ?

Human emotion is both the source of opportunity in trading and the greatest challenge. Master it and you will succeed. Ignore it t your peril.

Nifty Hourly

Nifty had a roller coaster ride today Rising almost 90 Points than falling -30 Points, Volatility is at its peak. Trend is down but its very difficult to digest a 100 Point rally than a quick fall erasing all its gain.  Europe is the center of Trouble for all this volatility in market.
Rumor Mill is playing its Toll on traders
1. BNP Parihas has not been able to get money from USA market
2. Italy talking to China to Buy its Bonds which is denied now by Italy misnter

3. And the latest One Russia will give bailout to Europe.
Now I always believe in trade on levels and News will get discounted in Charts. Morning rally should be attributed to Gap Filling till 5042 Levels and after that Nifty resumed its normal trend which is DOWN.
 On Hourly charts resistance at 5050 levels and support coming at
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