Friday, June 10, 2011

ONGC - book profits today and get out.

Technical Views - Equities 10th June 2011
Sorry for not posting yesterday.
 
NIFTY
TREND : Its really good that nifty is consolidating before its next move. The broader range of the consolidation is 5470 - 5610. For today the range is 5490 - 5550. We
SIGNAL : Use buy and sell signals of TDI - BS. Above 5610 use only buy signals

BANKNIFTY

TREND : For today 10720 - 10925 are the support and resistance. Only trade the breakout..
SIGNAL : Use buy and sell signals of TDI - BS for the day

STOCK PICK ONGC

TREND  : Bang on Target. Close your positions around 265. We have made are money from Ongc and will be out of it today. Lets wait for the next scrip
SIGNAL:cover shorts and stay out

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