Market Trend Lab

BANKNIFTY : Today Banknifty Traded in very narrow range of 12427 to 12512...   Status : HOLD BankniftY future Long. Pair Trade Call : Today booked profit of Rs.2400/- in ALBK AND IDBI PAIR. Status : HOLD ALBK AND VIJAYA BANK PAIR , ICICI BANK AND BANKBARODA PAIR.

  ( SAVE NATURE, SAVE ANIMALS) TODAY BOOKED PROFIT IN ALBK AND IDBI BANK : ALBK FUTURE @ 171.10 IDBI FUTURE @112.65 BOOKED PROFIT : 2400 EXIT RATIO : 1.518 STATUS : PART PROFIT BOOKED AND BRAVE HEART HOLD. ====================================== STRATEGY FOR ALBK AND IDBI GIVEN ON  27TH DEC 2012 TO VIEW THE STRATEGY CLICK THE FOLLOWING LINK AND ENTER PASSWORD : 2012idbi http://justbanknifty.blogspot.in/2012/12/pair-trade-call-albk-and-idbi-bank.html ================================ There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

(SAVE NATURE , SAVE ANIMALS) BUY ICICIBANK FUTURE @1147.50 SELL BANKBARODA FUTURE @872 ENTRY RATIO : 1.315 TARGET RATIO: 1.35-1.37 STOP LOSS RATIO: 1.29 =============================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING Banknifty has made 4th Flag Pattern inside a rising wedge. It is in a consolidation mode with the broad range of  12200 - 12600. Indicators are not giving clear picture as MACD crossed down and Stochastic turned up. There will be no charm if it trades between 12350 to 12550 range.  On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

(BANKNIFTY WEEKLY CHART) In above weekly chart one can see the channel and rising wedge pattern. Banknifty has resisted near the top of channel and rising wedge pattern.  This week banknifty traded sideline within the wedge whereas the Weekly MACD still in bullish tone and stochastic too overbought and in bullish territory. In short, yet there is no weakess in weekly chart. For next week channel top and wedge top resistance comes around  12720---12780  whereas on downside wedge support comes around  12050--12100  and  78.6%  retracement level of  13303 to 7766  comes around  12115 . When Rising Wedge pattern is found   in an uptrend ,  it is considered a reversal pattern , as the contraction of the range indicates that the uptrend is losing strength .  To read more on 'Rising Wedge Pattern' click the given link : http://justbanknifty.blogspot.in/2012/12/banknifty-weekly-analysis-and-rising...

IMPORTANT POINTS FOR TRADING Banknifty has made 4th Flag Pattern inside a rising wedge. It is in a consolidation mode with the range of 12200 - 12600. MACD crossed down and suggest 'Sell on Rise'. On upside immediate resistance will be around  12550-12600 zone  and above that  12690. On downside immediate support comes around  12350-12390 . And below 12350 it may slid upto 12250 in panic. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

(Save Nature, Save Animals) PAIR TRADE CALL : ALBK AND IDBI BANK : TO VIEW THE STRATEGY ENTER PASSWORD : 2012idbi

(Save Nature , Save Animals) PAIR TRADE CALL FOR ALBK AND VIJAYA BANK TO VIEW THE STRATEGY ENTER THE PASSWORD : albkvb25 ==================================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING Banknifty took the support near weekly JBNSAR 12315 and may revisit the resistance zone of 12540-12590. MACD & stochastic also crossed down and suggest 'Sell on Rise'. On downside immediate support comes around  12400-12450 . And below that  12300. On upside immediate resistance will be around  12590 and above that 12690. Today is Dec'2012 Expiry, trade with caution. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY  :  Today Banknifty  took the support from weekly JBNSAR  12315  and made a high of  12519 . We booked 2nd lot  of Dec'2012 Future with gain of  100 points. Today also booked loss of 60 points in JAN'2013 FUTURE. Status  :  HOLD one Lot of BANKNIFTY Jan'2013 FUTURE. PAIR TRADE CALL  :   HOLD SBI AND ALBK PAIR

IMPORTANT POINTS FOR TRADING Banknifty has turned to weak as trading below Daily Agni/JBNSAR and Weekly Agni level. Right now it is trading near Weekly JBNSAR Level @12315 . MACD & stochastic also crossed down and suggest 'Sell on Rise'. On downside below 12315 support comes around  12200-12230 . And break below 12200 will take to   12115--12100 . On upside immediate resistance will be around  12370-12410 zone. Dec'2012 Expiry is near by , trade with caution. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY :  Today Banknifty  traded below weekly JBNSAR 12315 and made a low of 12265.75 . Our CONJBNSAR given a short signal on 20th Dec 2012 . We booked one lot with gain of 50 points on day of entry itself and holding 2nd lot with gain of 132 points. Status :  HOLD 2nd Lot of BANKNIFTY FUTURE. PAIR TRADE CALL :  Today  ALBK AND ANDHRA BANK pair given profit upto Rs.3400/- and call was closed early because of Dec'2012 expiry near by.  Status : HOLD SBI AND ALBK PAIR

( Save Nature, Save Animals) Today booked profit of Rs.2300 in  ALBK AND ANDHRA BANK Pair ALBK DEC'2012 FUTURE @161.80 ANDHRA BANK DEC'2012 FUTURE @113.40 PROFIT BOOKED : Rs.2300/- STATUS: CALL IS CLOSED  (BOOKED EARLY BECAUSE OF DEC'2012 EXPIRY NEAR BY) BRAVE HEART BOOKED PROFIT OF  Rs.3300/- ALBK DEC'2012 FUTURE  @162.75 ANDHRA BANK DEC'2012 FUTURE  @114.85 PROFIT BOOKED :  Rs.3300/- STATUS:  CALL IS CLOSED    ============================================= STRATEGY FOR ALBK AND ANDHRA BANK PAIR GIVEN ON  18TH DEC 2012 TO VIEW THE STRATEGY CLICK ON FOLLOWING LINK AND ENTER PASSWORD : albk18 http://justbanknifty.blogspot.in/2012/12/pair-trade-call-albk-and-andhra-bank_18.html ===================================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING Banknifty is trading inside the Rising Wedge Pattern and it has resisted near the top of the wedge.  To read more on 'Rising Wedge Pattern and Weekly Analysis of Banknifty' go to link :  http://justbanknifty.blogspot.in/2012/12/banknifty-weekly-analysis-and-rising.html MACD has crossed down and suggest 'Sell on Rise'. On downside below 12315 support comes around  12150-12200 . On upside immediate resistance will be around  12440-12470 . Dec'2012 Expiry is near by , trade with caution. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

(Banknifty weekly Chart) In above weekly chart one can see the channel and rising wedge pattern. Banknifty has resisted near the top of channel and rising wedge pattern.  Rising wedge pattern in uptrend is bearish only when it break the wedge on downside otherwise it may continue its uptrend within the wedge For next week channel top and wedge top are 12630 and 12720 respectively whereas on downside wedge support comes around 11900 and 78.6% retracement level of 13303 to 7766 comes around 12115 . For Long term view one can see the below link : http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html RISING WEDGE PATTERN

BANKNIFTY:  Banknifty was trading below Daily Agni/JBNSAR and weekly Agni level. Yesterday JBNSAR @12460 and our CONJBNSAR @12430 given short signal. We booked one lot yesterday itself with gain of 50 points and holding 2nd lot with gain of 145 points. Status : Hold 2nd lot of Banknifty Future. Pair Trade Call : Hold ALBK_ANDHRA PAIR , SBI_ALBK PAIR

IMPORTANT POINTS FOR TRADING One can see Flag pattern inside Rising Wedge Pattern.Banknifty is trading near the top of the wedge and its  resistance comes around  12630. Bull and Bear fight continues from last 4 days . Both were unable to close banknifty substantially up or down.  MACD yet not given any sell signal.  Banknifty is highly overbought in all time frames and there is a need of price correction. On upside immediate resistance will be around  12570-12630 (Till now it has acted as Laxman Rekha) .  On downside immediate support comes around  12340-12400  and below that  12250 . On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

Banknifty : Booked Long position of 18th Dec 2012 with 75 points gain and booked 1 lot of  Short position taken today with gain of 50 points . Status : Hold 2nd Lot of banknifty. Pair Trade Call : Hold ALBK_ANDHRA Pair and SBI_ALBK PAIR

Gujarat Chief Minister Narendra Modi figures on the cover of the forthcoming issue of Time magazine which praises him in an article for development of the state he has been ruling for over a decade but wonders if he can become the Prime Minister. The cover of the Time magazine's Mar 26 issue features Modi, with the caption: "Modi means business but can he lead India". In an article titled "Boy from the backyard", in the forthcoming edition, the US magazines describes Modi as a "controversial, ambitious and shrewd politician". It also mentions his series of day-long Sadbhavana fasts to reach out to the people of the state. "It's Modi in makeover mode: an act of self-purification, humility and bridge building in a state that is still traumatised by the Hindu-led anti-Muslim massacres of 10 years ago and the flawed investigations in their wake...," the article says. The Time magazine article says Modi is a firm, "no-nonsense le...

IMPORTANT POINTS FOR TRADING One can see Flag pattern inside Rising Wedge Pattern. Hence, it may be possible that banknifty may continue its uptrend inside the wedge. In wedge pattern one may trade with its support and resistance line which is shown with red line in above chart. Rising wedge resistance comes around  12620-12630. MACD yet not given any sell signal. On upside immediate resistance will be around  12570-12630.  On downside immediate support comes around 12370-12400 and below that 12250 . On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY :  Today after opening gap up banknifty was traded in tight range.  As the Daily Agni and JBNSAR levels @ 12400-12455  and Weekly Agni levels @12630 comes closer to each other , this type of range bound will continue.   Status : Still Holding Long position in banknifty 1 lot. Pair Trade Call : Holding SBI AND ALBK Pair , ALBK AND ANDHRA PAIR.

IMPORTANT POINTS FOR TRADING One can see Flag pattern inside Rising Wedge Pattern. Hence, it may be possible that banknifty may continue its uptrend inside the wedge. In wedge pattern one may trade with its support and resistance line which is shown with red line in above chart. Rising wedge resistance comes around 12600-12615. MACD yet not given any sell signal. On downside immediate support comes around 12380-12400  and below that  12250 . On upside immediate resistance will be around  12570-12620. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

PAIR TRADE STATUS:  http://justbanknifty.blogspot.in/p/banking-stocks.html RECOMMENDATION       TOTAL    * DEC'12      NOV'12     OCT'12 TOTAL NO. OF CALL           26                6                    11              9 POSITIVE CALL                     23               5                     10             8 NEGATIVE CALL                     3                1                      1             1 ACCURACY %       ...

PAIR TRADE CALL FOR ALBK AND ANDHRA BANK : TO VIEW STRATEGY PLZ ENTER PASSWORD

IMPORTANT POINTS FOR TRADING Today will be event base trading day as The Reserve Bank of India will announce its mid quarter monetary policy review and may see high volatility in market. One should keep a watch on Daily Angi and JBNSAR level i.e. 12355-12365  zone as above this level it will try to touch Weekly Agni level of   12630. It will be weak only below  12245-12290 zone. Our CONJBNSAR system yet not given any sell signal

There is no need to trade everyday... Trade Less Trade Smart... For details of Service offered,subscription charge and for free trial go to following link: http://justbanknifty.blogspot.in/p/service.html fill the contact form given in above link or email at dare44uu@gmail.com

(Save Nature, Save Animals) Today booked profit in SBI_BANKBARODA PAIR SBI FUTURE @ 2345.70 BANKBARODA FUTURE @846.25 CURRENT RATIO : 2.77 (Target Achieved) BOOKED PROFIT : 3400 STATUS : CALL IS CLOSED ============================ PAIR STRATEGY FOR SBI AND BANKBARODA GIVEN ON 14TH DEC 2012 To view the strategy click on following link and enter password : sbibob1976 http://justbanknifty.blogspot.in/2012/12/pair-trade-call-sbi-and-bankbaroda.html ============================= There is no need to trade everyday... Trade Less Trade Smart... For details of Service offered,subscription charge and for free trial  go to following link: http://justbanknifty.blogspot.in/p/service.html fill the contact form given in above link or email at dare44uu@gmail.com

IMPORTANT POINTS FOR TRADING One can see Flag pattern inside Rising Wedge Pattern. Hence, it may be possible that banknifty may continue its uptrend inside the wedge. In wedge pattern one may trade with its support and resistance line which is shown with red line in above chart. MACD yet not given any sell signal. On downside immediate support is 12300 and below that  12190-12200  zone. On upside immediate resistance will be around  12455  and above that strong hurdle of  12570-12580. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY after crossing the hurdle of today's Daily Agni and JBNSAR level of 12300-12325 made a high of 12447 ... there by given a gain of 100 pointsssssss

PAIR TRADE CALL FOR SBI AND BANKBARODA : TO VIEW PAIR STRATEGY ENTER PASSWORD : sbibob1976

IMPORTANT POINTS FOR TRADING Banknifty is overbought and flag pattern is developing in daily chart. It is consolidating. MACD yet not given any sell signal. It has to sustain above daily agni and JBNSAR level of 12300-12325 for further upmove.. On downside immediate support is  12170-12200  zone. On upside immediate resistance will be around  12450  and above that strong hurdle of  12540-12580. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

(Save Nature, Save Animals) Today morning given strategy for ALBK AND ANDHRA BANK  To view strategy enter password : albkandhra7 http://justbanknifty.blogspot.in/2012/12/pair-trade-call-albk-and-andhra-bank.html We booked  ALBK Future @ 160.75   Andhra Bank Future @ 116.70 EXIT Ratio : 1.37 Profit Booked : Rs.4500 Brave Heart also booked profit of 5300 ALBK FUTURE @158.70 ANDHRA BANK FUTURE @115.05 STATUS : CALL IS CLOSED ============================= For details of Service offered,subscription charge and for free trial go to following link: http://justbanknifty.blogspot.in/p/service.html fill the contact form given in above link or email at   dare44uu@gmail.com There is no need to trade everyday... Trade Less Trade Smart...