Technical Views - Equities 17th June 2011
NIFTY
TREND : As expected we got long and short moves, not big ones but definitely profitable ones. For today trade the breakout of 5400 - 5455. Avoid trading the inside range
SIGNAL : Avoid signals of TDI - BS signals
BANKNIFTY
TREND : Comparatively bullish compared to Nifty, We will look to go long on the buy signals. Levels for the day are 10550 - 10680. The only bearish part is that the trading channel starting the June is downward sloping, The breakout of the channel for today is 10790 and is droping by 30 points everyday. So for a positional buys wait for a confirmation of this channel breakout
SIGNAL : Use buy and sell signals of TDI - BS for the day
TREND : As expected we got long and short moves, not big ones but definitely profitable ones. For today trade the breakout of 5400 - 5455. Avoid trading the inside range
SIGNAL : Avoid signals of TDI - BS signals
BANKNIFTY
TREND : Comparatively bullish compared to Nifty, We will look to go long on the buy signals. Levels for the day are 10550 - 10680. The only bearish part is that the trading channel starting the June is downward sloping, The breakout of the channel for today is 10790 and is droping by 30 points everyday. So for a positional buys wait for a confirmation of this channel breakout
SIGNAL : Use buy and sell signals of TDI - BS for the day
BEML
TREND : Bullish Divergence can be seen on the charts. Use Buy signals to enter longs only. You might get stopped out once, but buy again. It has the potential to bounce back to 650 levels
SIGNAL : Use buy signals of TDI - BS for the day
TREND : Bullish Divergence can be seen on the charts. Use Buy signals to enter longs only. You might get stopped out once, but buy again. It has the potential to bounce back to 650 levels
SIGNAL : Use buy signals of TDI - BS for the day
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For a free demo of our TDI BS signals and other products please contact 9717555433 /466
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