Technical Views - Equities 5th July 2011
NIFTY
TREND : No major moves yesterday, time to rest. For today the range is fairly large 5600 - 5700. We have a bearish bias for the day.
For the week - extreme lower side we have good supports at 5580 & 5505. And on the extreme higher side we can touch 5780.
TREND : No major moves yesterday, time to rest. For today the range is fairly large 5600 - 5700. We have a bearish bias for the day.
For the week - extreme lower side we have good supports at 5580 & 5505. And on the extreme higher side we can touch 5780.
SIGNAL : Use Buy and sell signals of TDI BS
BANKNIFTY
TREND : Our views on BankNifty are unchanged for the 3rd day running, We have a sell bias but no trades have been generated so we wait for the Intraday sell signal to go short. The signs of overdue correction is much more evident on the charts of Bank Nifty. 11450 will act as resistance and 11360 as support
BANKNIFTY
TREND : Our views on BankNifty are unchanged for the 3rd day running, We have a sell bias but no trades have been generated so we wait for the Intraday sell signal to go short. The signs of overdue correction is much more evident on the charts of Bank Nifty. 11450 will act as resistance and 11360 as support
SIGNAL : Use only Sell signals of TDI BS
BHEL
TREND : We made some money yesteraday on this stock, but there is more room to fall. So today again Use Intraday sell signals on the charts to go short. Negative Divergence on the charts.
SIGNAL : Use only Sell signals of TDI BS
TREND : We made some money yesteraday on this stock, but there is more room to fall. So today again Use Intraday sell signals on the charts to go short. Negative Divergence on the charts.
SIGNAL : Use only Sell signals of TDI BS
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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, please email me on info@topdataindia.com incase u have the slightest doubts. Your feedback will and can make this blog really useful. And also if you like it please ask your friends to join too.
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