Tuesday, June 28, 2011

GTL - remains a buy on signals today also

Technical Views - Equities 28th June 2011
 
 
NIFTY
TREND :
After a bullish day a good consolidation signalling strength towards another upmove. But lets follow the trend. Today 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 in full steam, it did not wait to consolidate also. 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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