Technical Views - Equities 16th June 2011
NIFTY
TREND : What we expect does not happen on some days. But as Technical Analysis helps us in not entering the wrong trades or exiting at small lossess. Which eventually helps us stay alive in the markets and wait for bigger and better trades to create profits in our trading accounts. For today the support 5435 below which we can expect another momentum fall. On the upper side 5480 will act as resistance. Trading strategy for today will be
1) If open gap down do not trade for 30 mins and then use the days high and low to find the trend of the day.
2) If we open around 5450, Use 5435 as SL to go long
3) Use both buy and sell signals for the day
SIGNAL : Use buy and sell signals of TDI - BS signals
BANKNIFTY
TREND : Similar patterns in-line with Nifty, The support is at 10600 and resistance at 10725
SIGNAL : Use buy and sell signals of TDI - BS for the day
Your feedback and comments are always welcome. For any issues with understanding the newsletter content please mail us on info@topdataindia.com
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Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact 9717555433 /466
TREND : What we expect does not happen on some days. But as Technical Analysis helps us in not entering the wrong trades or exiting at small lossess. Which eventually helps us stay alive in the markets and wait for bigger and better trades to create profits in our trading accounts. For today the support 5435 below which we can expect another momentum fall. On the upper side 5480 will act as resistance. Trading strategy for today will be
1) If open gap down do not trade for 30 mins and then use the days high and low to find the trend of the day.
2) If we open around 5450, Use 5435 as SL to go long
3) Use both buy and sell signals for the day
SIGNAL : Use buy and sell signals of TDI - BS signals
BANKNIFTY
TREND : Similar patterns in-line with Nifty, The support is at 10600 and resistance at 10725
SIGNAL : Use buy and sell signals of TDI - BS for the day
Your feedback and comments are always welcome. For any issues with understanding the newsletter content please mail us on info@topdataindia.com
Please Like US on Facebook
Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact 9717555433 /466
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