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.
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.
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
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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.
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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