Wednesday, June 8, 2011

No clear signals for today in NIfty ..........

Technical Views - Equities 8th June 2011

NIFTY
TREND : No big moves but one side up helped us make some money. For today 5520 will act as support and 5610 as resistance. Look to buy closer to 5520 and sell around 5590 with 5610 as SL
SIGNAL : Use buy and sell signals of TDI - BS. Above 5610 use only buy signals

BANKNIFTY

TREND : Stopped out in BankNifty yesterday, For today sell below 10825 and for longs we can buy with 10800 as SL for a target of 11000
SIGNAL : Use buy and sell signals of TDI - BS for the day

STOCK PICK ONGC

TREND  : We are still short on ONGC with a SL of 281. Long side trades only above 281.
SIGNAL:Use sell signals only. Buy signals should be used to cover your shorts. Do not go long for today

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