Market Trend Lab

IMPORTANT POINTS FOR TRADING Banknifty has closed above  100DEMA & 2 00DEMA . On upside immediate resistance  comes around  10362 and there after 10460. on downside it has good support of  10130-10140 and after that 10070 . CONJBNSAR triggered a buy signal at  10075 on 11th sep 2012 . Banknifty may have rally due to strong uptrend in global market.

IMPORTANT POINTS FOR TRADING Banknifty has closed above  100DEMA & 2 00DEMA    which comes around  10150 & 10070  respectively. Its important to sustain above this for further upmove. So on downside it has good support of  10075 and after that 10005 . On upside immediate resistance  comes around  10225-10275  and thereafter  10362 .  pattern. CONJBNSAR triggered a buy signal at  10075 on 11th sep 2012 .

CONJNSAR triggered buy signal yesterday at 10075..   and minimum two lots traded... today banknifty made high of 10223 .. there by given a gain of 148 pointsssssssss.... One lot should be booked at profit of 100 points and other lot should be hold till the CONJBNSAR reverses.... *** Banknifty is facing resistance near weekly JBNSA R  10216 ****

IMPORTANT POINTS FOR TRADING Banknifty is trading between two very strong EMA i.e.   100DEMA & 2 00DEMA    which comes around  10145 & 10065  respectively. Its important to sustain above this for further upmove. So on downside it has good support of  10010 . On upside immediate resistance  comes around  10200-10216 and thereafter 10360 . Banknifty has created a of gap of   89  points   (9947 to 10036)   after making bullish harami candlestick pattern. CONJBNSAR triggered a buy signal at 10075 yesterday.

IMPORTANT POINTS FOR TRADING Banknifty is trading between two very strong EMA i.e.   100DEMA & 2 00DEMA    which comes around  10155 & 10060  respectively. Its important to sustain above this for further upmove. Banknifty has created a of gap of 89 points (9947 to 10036) after making bullish harami candlestick pattern. So on downside it has good support of 10035 and there after 9945 . On upside immediate resistance  comes around  10115  and than  10190.