Monday, June 27, 2011

GTL - Is a BUY today ....

Technical Views - Equities 27th June 2011
 
 
NIFTY
TREND :
Broken out with a bang. Though the rise was expected but the speed at which it rose will need a breaker. 5415 will act as the support for today and 5530 as the resistance. Look to go long on buy signals this rally will culminate around 5530.
SIGNAL : Use only Buy signals of TDI BS


BANKNIFTY

TREND : Bank Nifty was also on full steam. 10960 will be the resistance for today and 10780 as the support. 
SIGNAL : Use only Buy signals of TDI BS

GTL 
TREND : 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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