Thursday, May 12, 2011

5515 - 5605 will be the levels for today also

Techncial Views - Equities 12th May 2011
NSE NIFTY1
TREND : The breakout has not happened and we haven't traded. Lets watch for the levels of 5515 - 5605, a break of the either will give us a trading opportunity.
SIGNAL : Start using TDI - BS signals for today's trading. We expect 1 or 2 whipsaws but this is an investment for a bigger move. 

NSE BANKNIFTY1
TREND : We lost 70 points on our trade below 10930. Again Create shorts below 10930 for today. On the bullish side trade small quantities with small targets. 11200 remains a resistance for BankNifty     
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits. 

NSE CNXIT1
TREND : On lines of Nifty and BankNifty, CNXIT also remained sideways. CNXIT will decide its next move on breach of 6555 - 6685.
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits.

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