Yeh bandhan to pyar ka bhandan hai....... (kab tutega)

I am not singing the song, but the levels of 5440 - 5630, just aren't breaking  its already been 10 days. Get ready for a big move.

Technical Views - Equities 17th May 2011

NSE NIFTY1
TREND : We saw a breach of 5515 yesterday, but could not build positions as we feel 5440 is a much better level to trade. No changes in the analysis for today also. Trade the breakout ONLY
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 are short on Banknifty though a very small position size waiting to increase the same below 10700. Intraday buying can be done above 10950 also
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits. 

NSE CNXIT1
TREND : Trades can be done on the break of the range of 6540 - 6685. Confirmed breakdown happens below 6450. Wait, Wait and just wait for levels to break
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits.

Your feedback & comments are always welcome. For any issues with  understanding the newsletter content please mail us on info@topdataindia.com
Please Like US on Facebook
Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact
Yahoo IM : topdataindia | Gtalk : topdataindia | Phone : 9717555433 / 66