Technical Views - Equities 7th July 2011
NIFTY
TREND : 3rd day and counting no range breakouts. This is actually really good and signs that Nifty wants to move up further. Though we do not rule-out the expectation of a small down move before it breaks 5700.
For today trade outside the range of 5600 - 5700
For the week - extreme lower side we have good supports at 5580 & 5505. And on the extreme higher side we can touch 5780.
TREND : 3rd day and counting no range breakouts. This is actually really good and signs that Nifty wants to move up further. Though we do not rule-out the expectation of a small down move before it breaks 5700.
For today trade outside the range of 5600 - 5700
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 : Alas! today we made some money on BankNifty. The Short on Sell Signal would remain active today also. For today the support is at 11240 and resistance at 10375
BANKNIFTY
TREND : Alas! today we made some money on BankNifty. The Short on Sell Signal would remain active today also. For today the support is at 11240 and resistance at 10375
SIGNAL : Use only Sell signals of TDI BS
Your feedback and comments are always welcome. For any issues with understanding the newsletter content please mail us on info@topdataindia.com
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.
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.
No comments:
Post a Comment