Monday, June 13, 2011

Wait and Watch for clear signs of the next move

Technical Views - Equities 13th June 2011

 
NIFTY
TREND : We broke the lower broader range of 5470 but at the end of the day entered the range again. It seems the markets are too confused on the direction. Till clear signs emerge on the charts lets wait and watch. For today support  is at 5470 and ressitance 5520
SIGNAL : Use buy and sell signals of TDI - BS. 

BANKNIFTY

TREND : We could make some money in banknifty. For today 10700 will remain as resistance and 10600 as support.
SIGNAL : Use buy and sell signals of TDI - BS for the day



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