Technical Views - Equities 29th July 2011
NIFTY
TREND : The fall is now confirmed and we will be testing 5430 in the next few days. After giving 60 points to the market in whipsaws we pocketed the same at opening bell. Just want to stress the POWER OF CHARTS. Keep using sell signals to enter shorts and buy signals to exit the short positions, for now no buying
TREND : The fall is now confirmed and we will be testing 5430 in the next few days. After giving 60 points to the market in whipsaws we pocketed the same at opening bell. Just want to stress the POWER OF CHARTS. Keep using sell signals to enter shorts and buy signals to exit the short positions, for now no buying
Levels : Support - 5445 / Resistance - 5500
SIGNAL : use buy and sell signals of TDI BS
BANKNIFTY
TREND : We went short at the morning bell and remained short for the entire day, We expect BankNifty to touch 10700 in the next couple of days.
BANKNIFTY
TREND : We went short at the morning bell and remained short for the entire day, We expect BankNifty to touch 10700 in the next couple of days.
Levels : Support - 10700 / Resistance - 10955
SIGNAL : use buy and sell signals of TDI BS
ONGC
TREND : Ongc is going to flag the direction of the next move,Inspite of the breakdown in Nifty, ONGC did not trade below 275 confidently. It did try to breach but was fast to retrace back. The range of consolidation is 275 - 283. A breakout of any of the levels will give a 8 point swing profit
SIGNAL : No signals, trade the breakout
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
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.
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.
No comments:
Post a Comment