Technical Views - Equities 22nd June 2011
NIFTY
TREND : Nifty has broken down as mentioned earlier, but the charts suggest some upside move before it falls again. Some of the stock specific charts are getting very bearish. And some have even filled the gap of May 2009. All this is not a dooms day prediction, but we need to watch out and be cautious in our trading for the next few months.
For Today, 5245 - 5325 ar the levels, Trade this breakout only.
SIGNAL : Avoid signals today
BANKNIFTY
TREND : Similar to Nifty, In cosolidation longs above 10565 and shorts with a SL of 10550.
SIGNAL : Avoid Signals Today
TREND : Nifty has broken down as mentioned earlier, but the charts suggest some upside move before it falls again. Some of the stock specific charts are getting very bearish. And some have even filled the gap of May 2009. All this is not a dooms day prediction, but we need to watch out and be cautious in our trading for the next few months.
For Today, 5245 - 5325 ar the levels, Trade this breakout only.
SIGNAL : Avoid signals today
BANKNIFTY
TREND : Similar to Nifty, In cosolidation longs above 10565 and shorts with a SL of 10550.
SIGNAL : Avoid Signals Today
ALBK
TREND : ALBK broke below 195.7 and touched a low of 189 our target as mentioned. Book profits and stay out
SIGNAL :
TREND : ALBK broke below 195.7 and touched a low of 189 our target as mentioned. Book profits and stay out
SIGNAL :
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