Technical Views - Equities 15th June 2011
NIFTY
TREND : Trades above 5530 will be a confirmation of the breakout of the wedge and the target for the same is 100 points. So based on this fact we might touch 5615-20 which is the major resistance for Nifty. For today 5485 - 5530 is the range
SIGNAL : Use buy and sell signals of TDI - BS. Above 5530 take only buy signals
BANKNIFTY
TREND : Banknifty is showing much more signs of bullishness if it sustains above 10850. A big bullish move is in the making so lets wait and we will advise you as we get some confirmations on the charts. For today 10770 - 10850 are the levels
SIGNAL : Use buy and sell signals of TDI - BS for the day
TATA MOTORS
TREND : Book profits at 985 and sit in cash. Target achieved.
SIGNAL : Trade the breakout
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TREND : Trades above 5530 will be a confirmation of the breakout of the wedge and the target for the same is 100 points. So based on this fact we might touch 5615-20 which is the major resistance for Nifty. For today 5485 - 5530 is the range
SIGNAL : Use buy and sell signals of TDI - BS. Above 5530 take only buy signals
BANKNIFTY
TREND : Banknifty is showing much more signs of bullishness if it sustains above 10850. A big bullish move is in the making so lets wait and we will advise you as we get some confirmations on the charts. For today 10770 - 10850 are the levels
SIGNAL : Use buy and sell signals of TDI - BS for the day
TATA MOTORS
TREND : Book profits at 985 and sit in cash. Target achieved.
SIGNAL : Trade the breakout
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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