Technical Views - Equities 13th July 2011
NIFTY
TREND : We did get a breakdown and a profitable one too. For today 5490 is an area of medium support. We expect the market to take support in this zone and consolidate before making its next move. We can use both buy and sell signals of TDI BS today, but just one word of caution - DO NOT TRADE AGGRESSIVELY TODAY. Today is a day of less trading and more watching. Scrip specific action will remain.
TREND : We did get a breakdown and a profitable one too. For today 5490 is an area of medium support. We expect the market to take support in this zone and consolidate before making its next move. We can use both buy and sell signals of TDI BS today, but just one word of caution - DO NOT TRADE AGGRESSIVELY TODAY. Today is a day of less trading and more watching. Scrip specific action will remain.
SIGNAL : use buy and sell signals of TDI BS
BANKNIFTY
TREND : The short side target for BankNifty has been achieved and for today similar to Nifty we will get both long and short opppurtunities but dont be very aggressive in your trading. This is a zone of Wait - Watch - Trade
BANKNIFTY
TREND : The short side target for BankNifty has been achieved and for today similar to Nifty we will get both long and short opppurtunities but dont be very aggressive in your trading. This is a zone of Wait - Watch - Trade
SIGNAL : use buy and sell signals of TDI BS
CESC
TREND : We got 1 opportunity yesterday, though we could make only 1 point profit in it. But we remain bearish on CESC and will short CESC on sell signals today again
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.
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
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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