GTL - Did we loose money........

Technical Views - Equities 29th June 2011

 

WHAT IS A BUY OR SELL SIGNAL WHICH WE KEEP MENTIONING IN OUR DAILY TECHNICAL VIEWS ?

 We at TDI have created a proprietary logic based on technical analysis which generates buy and sell signals on Intraday charts. We call this logic as TDI BS aka TOPDATAINDIA BUY AND SELL. So when i say "Go Long only on Buy Signals we mean to say, When on an intraday chart a Buy signal appears based on TDI BS. We should take a long position in the scrip/future/commodity we have mentioned.

Why am i giving this reason today after a couple of months. I received lot of calls/chat messages mentioning that my GTL call went wrong. That's the time i realized that i have given views but haven't made an effort to educate people on the trading style which i follow. Infact i got a negative remark on my yesterday's heading GO LONG ON BUY SIGNALS ONLY. 

Thus i will be covering this portion in all my blogs so that new readers are not mistaken and make losses in a scrip while at the same time we never entered a trade in the same.

Happy Trading, please email me on info@topdataindia.com incase u have the slightest doubts. Your feedback will and can make this blog really useful. And also if you like it please ask your friends to join too.

 

NIFTY
TREND : Today also 5510 - 5565 will be the trend decider levels, which ever side Nifty breaks we will trade. Avoid trades inside this range
SIGNAL : Avoid signals of TDI BS

BANKNIFTY
TREND : BankNifty rested today. Next stop 11180. Around 11180 use sell signals to enter shorts and around 10965 use buy signals to enter longs
SIGNAL : Use only Buy and Sell signals of TDI BS

GTL 

TREND : GTL remains a buy on signals today also. GTL has been hammered down. Keeping aside the fundamentals and the storied being built around the scrip. PURELY on technical grounds. Buy the scrip on Buy signals.
SIGNAL : Use only Buy signals of TDI BS

 

 

 

 

 

 

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