TOP DATA: July 2011

Friday, July 29, 2011

Silver - can touch 57350

Technical Views - Commodities 29th July 2011

MCX GOLD1
TREND : Our analysis paid off and we could get a full 100 point move in gold. Though we have a bullish reversal on the 60min chart we will keep taking the sell signals to short and buy signals only above 23100

Support and Resistance - 22930 / 23100
SIGNAL : Use sell Signals of TDI BS and above 23100 both buy and sell signals

MCX SILVER1
TREND : A profit of 1000 points in Silver was achieved based on our views yesterday. We still remain bearish and will take only sell signals for today. The extreme target of this bearish move is 57350

Support and Resistance - 58250 - 58810

SIGNAL : Use sell Signals of TDI BS

MCX Crude1
TREND : No clear moves in Crude. Intraday traders can use both buy and sell signals.
Support and Resistance - 4280 / 4325
SIGNAL : Use Buy and Sell Signals of TDI BS

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ONGC - waiting for the breakout

Technical Views - Equities 29th July 2011

NIFTY
TREND : The fall is now confirmed and we will be testing 5430 in the next few days. After giving 60 points to the market in whipsaws we pocketed the same at opening bell. Just want to stress the POWER OF CHARTS. Keep using sell signals to enter shorts and buy signals to exit the short positions, for now no buying

Levels : Support - 5445 / Resistance - 5500

SIGNAL : use buy and sell signals of TDI BS

BANKNIFTY
TREND : We went short at the morning bell and remained short for the entire day, We expect BankNifty to touch 10700 in the next couple of days.

Levels : Support - 10700 / Resistance - 10955

SIGNAL : use buy and sell signals of TDI BS

ONGC
TREND : Ongc is going to flag the direction of the next move,Inspite of the breakdown in Nifty, ONGC did not trade below 275 confidently. It did try to breach but was fast to retrace back. The range of consolidation is 275 - 283. A breakout of any of the levels will give a 8 point swing profit

SIGNAL : No signals, trade the breakout

SPECIAL NOTES
WHAT IS A BUY OR SELL SIGNAL WHICH WE KEEP MENTIONING IN OUR DAILY TECHNICAL VIEWS ?
We at TDI have created a proprietary logic based on technical analysis which generates buy and sell signals on Intraday charts. We call this logic as TDI BS aka TOPDATAINDIA BUY AND SELL. So when i say "Go Long only on Buy Signals we mean to say, When on an intraday chart a Buy signal appears based on TDI BS. We should take a long position in the scrip/future/commodity we have mentioned.
Why am i giving this reason today after a couple of months. I received lot of calls/chat messages mentioning that my GTL call went wrong. That's the time i realized that i have given views but haven't made an effort to educate people on the trading style which i follow. Infact i got a negative remark on my yesterday's heading GO LONG ON BUY SIGNALS ONLY.
Thus i will be covering this portion in all my blogs so that new readers are not mistaken and make losses in a scrip while at the same time we never entered a trade in the same.

Happy Trading.

Thursday, July 28, 2011

59400 Make or Break level for Silver

Technical Views - Commodities 28th July 2011

MCX GOLD1
TREND : We have a negative bias for gold today, and will trade the sell signals only if Gold starts trading below 23060. Incase 23060 is not breached we will take both side signals but for small targets only.

Support and Resistance - 23060 / 23325
SIGNAL : Use buy and sell Signals of TDI BS above 23060 and below 23060 only sell signals

MCX SILVER1
TREND : 59400 a make or break level for Silver, Use the sell signals to go short and incase 59400 does not breach we can also take the buy signals

Support and Resistance - 59400 - 59950

SIGNAL : Use buy and sell Signals of TDI BS

MCX Crude1
TREND : Intraday traders can use both buy and sell signals.
Support and Resistance - 4320 / 4365
SIGNAL : Use Buy and Sell Signals of TDI BS

ONGC - trade the breakout

Technical Views - Equities 28th July 2011

NIFTY
TREND : I am sorry for not writing for the last 2 days, as i was down with viral. And based on my review of 25th we did take a long position which we exited on the 26th and yesterday we went short at 5550. These are whipsaw's which we witness at times in the markets, The markets are totally in a state of confusion to the path it needs to take in the future. But we come to know of a whipsaw only after it has happened ie. after booking the loss. So in short these trades cannot be avoided and we have to give back something to the market that we earn from it. Till date we have lost 60 points on a short trade and a long trade and we have an open short position at 5550. Lets hope this does not be another whipsaw. Though to create some extra money we will add to our short position below 5515.

Levels : Support - 5515 / Resistance - 5560

SIGNAL : use buy and sell signals of TDI BS

BANKNIFTY
TREND : 10950 can be used as a make or break level, if market stays above this level we can go long of buy signals and if breaches this level we can short Banknifty.

Levels : Support - 10965 / Resistance - 11072

SIGNAL : use buy and sell signals of TDI BS

ONGC
TREND : Ongc is going to flag the direction of the next move, Inline with Nifty Ongc is consolidating for the last 15 days. The range of consolidation is 275 - 283. A breakout of any of the levels will give a 8 point swing profit

SIGNAL : No signals, trade the breakout

Monday, July 25, 2011

Nifty - Play the range breakout 5550 - 5670

Technical Views - Equities 25th July 2011

NIFTY
TREND : At the opening bell on friday we were forced to book losses on our short positions. Nifty opened Gap Up and inside the range. Now we are back on square 1. Again we will play the Breakout of 5550 - 5670. For today 5620 will act as the support and 5655 as the resistance

SIGNAL : use buy and sell signals of TDI BS

BANKNIFTY
TREND : Such trading days results in losses from all corners and not much can be done. The losses on these days need to be treated as Insurance premium to stay afloat in the markets. If we become adamant (zid pakar lete hain) then we are bound to be drowned. For today the support is at 11200 and resistance at 11400.

SIGNAL : use buy and sell signals of TDI BS

CESC
TREND : We were short in CESC at 334.5 and have been stopped out at 333. Thus we booked a profit of 1.5 points. We havent removed CESC from our checklist but at the moment have no positions in the same

SIGNAL :

Gold - No clear signals

Technical Views - Commodities 25th July 2011

MCX GOLD1
TREND : Power of Charts displayed yet again. We were ready to go short in Gold below 22840, but were waiting for a closing below the same. Gold did touch 22833 but did not trade below the same for 5 mins also. This helped us avoid shorts and and we took long positions at 22920 which resulted in handsome profits. For today we will play both long and short.

Support & Resistance - 23040 / 23150
SIGNAL : Use buy and sell Signals of TDI BS

MCX SILVER1
TREND : Inline with the Gold, Silver also did not touch its crucial level of 57000 and gave us an opportunity to go long.

Support & Resistance - 59040 - 59840

SIGNAL : Use buy and sell Signals of TDI BS

MCX Crude1
TREND : We have a positional long at 4400 in Crude for a target of 4600. We will use 4380 as SL for this positional long today.
Intraday traders can use both buy and sell signals. The support for the day is at 4405 and resistance at 4465.
SIGNAL : Use Buy and Sell Signals of TDI BS

Friday, July 22, 2011

Gold & Silver charts are pointing to a major down move

Technical Views - Commodities 22nd July 2011

MCX GOLD1
TREND : Peculiar ways the market is performing these days, for the entire days it tests the patience of the traders and just before close it makes a momentum move. These trading patterns point to something worse in the future. SO FOR ALL TRADES KEEP STRICT STOPLOSS AND DO NOT WAIT. 22840 is a very crucial level. Gold has tested the same twice and if it breaks the same tomorrow we are in for a big down move. We have some really good news for the bears. Not confirmed yet on the charts but 22400 is a possibility incase we break and close below 22840.

Support & Resistance - 22840 / 22980
SIGNAL : Use buy and sell Signals of TDI BS

MCX SILVER1
TREND : Another day of profits, our extreme target for the week seems achievable today or tomorrow. We have some really good news for the bears. Not confirmed yet on the charts but 53000 is a possibility incase we break and close below 57000.

Support & Resistance - 57000 - 58500

SIGNAL : Use buy and sell Signals of TDI BS

MCX Crude1
TREND : We have entered a positional long at 4400 in Crude yesterday for a target of around 4600. We will use 4320 as SL for this positional long.
Intraday traders can use both buy and sell signals. The support for the day is at 4345 and resistance at 4465.
SIGNAL : Use Buy and Sell Signals of TDI BS

Nifty - Breakdown confirmed

Technical Views - Equities 22nd July 2011

NIFTY
TREND : We broke below 5555 and remained below during the most part of the day. We are short and will keep exiting our position at buy and again go short on Sell signals till 5435 the target of this pattern break down. For today the support is at 5530 and resistance 5560.

SIGNAL : use only sell signals of TDI BS

BANKNIFTY
TREND : Comparatively BankNifty was much more bearish and kept falling during the course of the day. It is also very close to its support of 11000. For today the support is at 11000 and resistance at 11130.

SIGNAL : use only sell signals of TDI BS

CESC
TREND : We are short on CESC at 334.5. The SL for the same is revised to 333 and target 325.

SIGNAL : use only sell signals of TDI BS

Thursday, July 21, 2011

Nifty - Make or Break level 5555

Technical Views - Equities 21st July 2011

NIFTY
TREND : It is clear that Nifty is consolidating and the major range of this consolidation is 5550 - 5670, so approximately 120 points range and consolidating for 6 days now. We will trade the breakout of 5550 - 5670 for a 120 point target which ever side it breaks. Since the range is fairly large from intraday perspective we also can take sell signals around 5650 - 5670 and buy signals around 5550 - 70. for small targets.

SIGNAL : use buy and sell signals of TDI BS near the range

BANKNIFTY
TREND : A positive chart turned negative with a clear bar reversal. This pattern of trading can take BankNifty to 11000. For today support is at 11130 and resistance is at 11250

SIGNAL : use buy and sell signals of TDI BS

CESC
TREND : We are short on CESC at 334.5. The SL for the same is revised to 334 and target 325.

SIGNAL : use only sell signals of TDI BS

Wednesday, July 20, 2011

Watch Crude a 200 point move in the making

Technical Views - Commodities 20th July 2011

POWER OF CHARTS - hence proved. you need to have the patience and wait for the right time to trade. The charts tell us whats in store for the scrip or commodity

MCX GOLD1
TREND : It took 30 mins to fill our pockets. You can see the chart. We got our first sell alert after so many days at 5:15 in the evening 23174. we had to keep the patience and hold our nerves and the last hour was all what we were waiting for. For today expect some pull back but we will keep using sell signals for selling, No Buying today

Support & Resistance - 22900 / 23100
SIGNAL : Use Sell Signals of TDI BS

MCX SILVER1
TREND : Our efforts paid of yesterday, after some 2-3 days of tough trading. The extreme target of silver is 57000 in this fall. For today avoid buy signals and use only sell signals

Support & Resistance - 58500 - 59500

SIGNAL : Use Sell Signals of TDI BS

MCX Crude1
TREND : A 200 point positional move in the making again. For the entire month crude has been consolidating in the range of 4200 - 4400. A month of consolidation has helped Crude to create the energy to make such a big move.
SIGNAL : Use Buy and Sell Signals of TDI BS

Nifty - Play the range breakout 5550 - 5670

Technical Views - Equities 20th July 2011

NIFTY
TREND : Nothing great yesterday also expect the rise at the end of the market. But there is one new thought that has come. It is clear that Nifty is consolidating and the major range of this consolidation is 5550 - 5670, so approximately 120 points range and consolidating for 5 days now. Instead of remaining only bearish we now propose a bullish theory also. We will trade the breakout of 5550 - 5670 for a 120 point target which ever side it breaks. since the range is fairly large from intraday perspective we also can take sell signals around 5650 - 5670 and buy signals around 5550 - 70. for small targets.

SIGNAL : use only buy and sell signals of TDI BS near the range

BANKNIFTY
TREND : We must admit that the charts of BankNifty have turned positive and there are no visible signs of a fall immediately. The support and resistance for the day are 11200 - 111400

SIGNAL : use only buy and sell signals of TDI BS

CESC
TREND : We are short on CESC at 334.5. The SL for the same is revised to 336 and target 325.

SIGNAL : use only sell signals of TDI BS

Tuesday, July 19, 2011

The Count Down for fall begins

Technical Views - Commodities 19th July 2011

We cannot to reverse count as we analyses and not make the markets. yesterday was our Day 1 when we alerted a major fall is pending in Gold and Silver. Today is Day 2 for the same. Lets see when the analysis comes true. In no manner by these statements i want u to go short and sit. I want you to wait for a signal on the charts and then only sell. My main purpose of the count is to give you an idea of the POWER OF CHARTS

MCX GOLD1
TREND : The caution levels are getting even stronger. Every rise without correction is troubling me to think again and again and again. Trade the longs, but do not sit on losses - they will only grow bigger. We have a clear positional sell below 23125.

Support & Resistance - 23125 / 23200
SIGNAL : Use Buy and Sell Signals of TDI BS

MCX SILVER1
TREND : This weeks perspective is Bearish to Sideways. Silver is overbought and needs to correct. Use the buy signals for small profits and on every sell signals let the profits run

Support & Resistance - 59100 - 59700

SIGNAL : Use Buy and Sell Signals of TDI BS

MCX Crude1
TREND : Crude consolidated yesterday. for today 4300 - 4350 are important levels outside of which we can create trades.
SIGNAL : Use Buy and Sell Signals of TDI BS

We are short in CESC finally

Technical Views - Equities 19th July 2011

NIFTY
TREND : Another dull day of trading, neither up nor down. This kin of trading patterns makes our story of Nifty drifting down stronger. the levels and strategies remain the same as yesterday. The support is at 5560 and resistance at 5625.

SIGNAL : use only sell signals of TDI BS

BANKNIFTY
TREND : Inspite of the clear candle reversal on Thursday we did not see any follow through fall on Friday and Monday. We can expect the fall today. For today the support is at 11200 and resistance at 11300.

SIGNAL : use only sell signals of TDI BS

CESC
TREND : We have gone short on CESC yesterday below 334.5. The SL for the same is 340 and target 325.

SIGNAL : use only sell signals of TDI BS

Monday, July 18, 2011

Gold - Is this a Bull trap in the making

Technical Views - Commodities 18th July 2011

MCX GOLD1
TREND : The caution levels are getting stronger. Every rise without correction is troubling me to think again and again. These are signs of a trap, which smart money lays. So be very fast and furious in your trade. Every boxer in every match needs to take a few blows before knocking out his opponent. So this is the time to be a winning boxer or get knocked out. Trade the longs, but do not sit on losses - they will only grow bigger. Clear positional sell below 22865.

Support & Resistance - 23100 / 22950
SIGNAL : Use Buy and Sell Signals of TDI BS

MCX SILVER1
TREND : This weeks perspective is Bearish to Sideways. Silver is overbought and needs to correct. Use the buy signals for small profits and on every sell signals let the profits run

Support & Resistance - 57750 - 58525

SIGNAL : Use Buy and Sell Signals of TDI BS

MCX Crude1
TREND : The charts made us some good money again. We made all our money in the last 3 hours of trading. Crude is becoming very volatile and is forming a range of 4200 - 4400. we can trade inside this range and also the breakout.
We are out of our positional long at 4350. Profit of 100 points.
SIGNAL : Use Buy and Sell Signals of TDI BS

Nifty - The drift is downwards

Technical Views - Equities 18th July 2011

NIFTY
TREND : As per the expectation there were no great moves on Friday and our thought to remain out paid-off. Our theories on Nifty Drifting down have become more firm, Nifty is facing resistance at higher levels. Play the sell signals till market trades firmly above 5625. For today the support is at 5560 and resistance at 5625.

SIGNAL : use only sell signals of TDI BS

BANKNIFTY
TREND : Inspite of the clear candle reversal on Thursday we did not see any follow through fall on Friday. We can expect the fall today also. For today the support is at 11200 and resistance at 11300.

SIGNAL : use only sell signals of TDI BS

CESC
TREND : No sell side opportunities yesterday. But we remain bearish on CESC and will short CESC on sell signals today again. Clear sell below 334.5

SIGNAL : use only sell signals of TDI BS

Friday, July 15, 2011

CESC - Still on our watch list

Technical Views - Equities 15th July 2011

NIFTY
TREND : As per our expectations Nifty did rise in the first half, but the ultra fast fall was a surprise to us. The trading pattern suggests that Nifty wants to drit down only. For today the support is at 5540 and resistance at 5610. We do not feel like trading today. No clear patterns, No signals. Total confusion, Let the trends emerge before we enter again.

SIGNAL : use only sell signals of TDI BS

BANKNIFTY
TREND : Alternatively BankNifty has given a clear candle reversal on the 60 min charts. We will take the sell signals only for the day

SIGNAL : use only sell signals of TDI BS

CESC
TREND : No sell side opportunities yesterday. But we remain bearish on CESC and will short CESC on sell signals today again

SIGNAL : use only sell signals of TDI BS

Thursday, July 14, 2011

Another crucial trading day ahead

Technical Views - Commodities 14th July 2011

MCX GOLD1
TREND : Yesterday was a one way run and we could make good money in the longs above 22810. For today we are bullish with caution, In the last 3 days Gold has risen at a very fast pace and it needs to correct or wait before it can continue with the same momentum. We will use both buy and sell signals on the charts today to create positions.

Support & Resistance - 22800 / 22980
SIGNAL : Use Buy and Sell Signals of TDI BS

MCX SILVER1
TREND : No clear trends seen on the charts. Use both buy and sell signals to enter into trades. Keep your targets small.
From a months perspective we are bullish. The weekly trend has also reversed and has turned bullish

Support & Resistance - 56300 - 57070

SIGNAL : Use Buy and Sell Signals of TDI BS

MCX Crude1
TREND : The pace of yesterday's move has created a divergence and we expect Crude to correct now. We will use sell signals to short for bigger targets and buy signals to create longs for small targets only
The positional long in Crude was created on 12/7 at 4239 on a 30min buy signal on the charts. The stoploss for the same is 4350 for today.
SIGNAL : Use sell signals of TDI BS

TOP DATA

Friday, July 29, 2011

Silver - can touch 57350

ONGC - waiting for the breakout

Thursday, July 28, 2011

59400 Make or Break level for Silver

ONGC - trade the breakout

Monday, July 25, 2011

Nifty - Play the range breakout 5550 - 5670

Gold - No clear signals

Friday, July 22, 2011

Gold & Silver charts are pointing to a major down move

Nifty - Breakdown confirmed

Thursday, July 21, 2011

Nifty - Make or Break level 5555

Technical Views - Equities 21st July 2011

Wednesday, July 20, 2011

Watch Crude a 200 point move in the making

Nifty - Play the range breakout 5550 - 5670

Tuesday, July 19, 2011

The Count Down for fall begins

We are short in CESC finally

Monday, July 18, 2011

Gold - Is this a Bull trap in the making

Nifty - The drift is downwards

Friday, July 15, 2011

CESC - Still on our watch list

Thursday, July 14, 2011

Another crucial trading day ahead

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