Market Trend Lab

IMPORTANT POINTS FOR TRADING At present banknifty is trading in a triangle pattern  10390-10480  breaking either side of it will decide the future trend. Above  10480  next resistance comes around  10530-560  and sustaining above which it can rally upto  10640 . On downside it has good support around  10340-10385. Banknifty will be weak below  10308  and can slide upto  10190-10235. In daily chart , inverse head and shoulder pattern is developing.

Today Daily Agni level and JBNSAR level are  10453 & 10446  respectively... very much near to each other... So today watch closely above level....

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. At present banknifty is trading in a triangle pattern with the range of  10350-10500 .. breaking either side of it will decide the future trend. Yesterday banknifty closed within the triangle.. yet to take decisive move.

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. At present banknifty is trading in a triangle pattern with the range of  10350-10500 .. breaking either side of it will decide the future trend. Above 10500 next resistance comes around 10551 and sustaining above which it can rally upto 10640 . On downside it has good support around 10310-10350. Banknifty will be weak below  10308  and can slide upto  10190-10205.

Today Banknifty exactly traded in the triangle range of 10350-10500 as indicated in the morning note and also slipped upto 10354 after crossing down Daily Agni level and JBNSAR of   10439 & 10442 respectively... there by given a gain of  80+ pointssssssss.... Whenever the Agni level and JBNSAR level are very close to each other for the day... than it provides a solid support or resistance for the price.......... because Bears get charged off below 

Today Daily Agni level and JBNSAR level are 10439 & 10442 respectively... very much near to each other... So today watch closely above level....

IMPORTANT POINTS FOR TRADING In daily chart , inverse head and shoulder pattern is developing. At present banknifty is trading in triangle pattern with the range of  10350-10500 .. breaking either side of it will decide the future trend. Today banknifty above  10442  can move upto   10490-10515 zone . And below  10425  it can slide upto  10350. Banknifty will be weak below  10308  and can slide upto  10190-10205.

Mirza Ghalib Poetry Hum Ne Mohbaton Key Nashe Me Aa Kar Use Khuda Bana Dala, Hosh Tab Aaya Jab Us Ne Kaha Ki Khuda Kisi ek Ka Nahi Hota… ============================ Hathoan ki lakiroan pay mat ja ai Galib Naseeb un k bi hote hain jin ke hath nehen hote.. =============================