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
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.
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 :
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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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