Tuesday, May 10, 2011

Abv 5585 Nifty1 touches 5700 any takers.............Techncial Views - Equities 10th May 2011

NSE NIFTY1
TREND : Above 5585 Nifty1 touches 5700 any takers..............  yes it can be true but for that we need to cross 5585 and get a closing above it too. Till that time lets trade the range of 5450 - 5580. though if Nifty wants to turn bullish it will not even trade below 5500. Trade small till the time any of the levels break
SIGNAL : Do not use Buy/Sell signals of TDI BS for the day. In-case there is a breach of 5450 or 5580 then start taking signals


NSE BANKNIFTY1
TREND : 10950 - 11200 is the range for day. We do not expect any major movements.     
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits. Sell side trades should be done only for quick profits. 

NSE CNXIT1
TREND : 6500 could not be broken which will be the point of make or break for the entire IT pack. Though CNXIT will remain in the range 6500 - 6800. But for today's trading 6666 is a resistance and 6500 is the support      
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits. Sell side trades should be taken only below 6450.


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