Technical Views - Equities 14th June 2011
NIFTY
TREND : Small profits is all we are getting these days. But this declining wedge is going to break on the upperside only, The only variable is the time and before we do not get a clear confirmation there is no point to jump into the trades. 5435 - 5520 are the levels for today
SIGNAL : Use buy and sell signals of TDI - BS. Above 5520 take only buy signals
BANKNIFTY
TREND : Play with small quantities and small targets, wait for a confirmation to take positions. For today 10820 will remain as resistance and 10600 as support.
SIGNAL : Use buy and sell signals of TDI - BS for the day
TATA MOTORS
TREND : Tatamotors has been consolidating 1006 - 1026. The breakout of this range will give a swing profit of 20 points either side. Must trade rating for this scrip
SIGNAL : Trade the breakout
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TREND : Small profits is all we are getting these days. But this declining wedge is going to break on the upperside only, The only variable is the time and before we do not get a clear confirmation there is no point to jump into the trades. 5435 - 5520 are the levels for today
SIGNAL : Use buy and sell signals of TDI - BS. Above 5520 take only buy signals
BANKNIFTY
TREND : Play with small quantities and small targets, wait for a confirmation to take positions. For today 10820 will remain as resistance and 10600 as support.
SIGNAL : Use buy and sell signals of TDI - BS for the day
TATA MOTORS
TREND : Tatamotors has been consolidating 1006 - 1026. The breakout of this range will give a swing profit of 20 points either side. Must trade rating for this scrip
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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