Market Trend Lab

IMPORTANT POINTS FOR TRADING Above  11065  immediate resistance  comes around  11130 and there after 11226. on downside it has a support around 10800 and than 10675 . Banknifty is highly overbought in daily chart but no weakness in trend. CONJBNSAR triggered a buy signal at  10075 on 11th sep 2012 .

IMPORTANT POINTS FOR TRADING Above  11065  immediate resistance  comes around  11130 and there after 11226. on downside it has a support around of  10785 and than 10675 . Banknifty is highly overbought in daily chart but no weakness in trend. CONJBNSAR triggered a buy signal at  10075 on 11th sep 2012  and till date given a gain of   900+ points

CONJBNSAR  is a  number (shown Right side of the blog), It is a stop and reverse number and calculated based on spot value of banknifty. Hence it gives entry and exit value in spot price of banknfity . One can take entry in banknifty future whenever CONJBNSAR triggers signal in spot. To check whether it sustain above/below CONJBNSASR keep entry +/-15-25 points away from CONJBNSAR... For eg. CONJBNSAR triggered @ 10054 on 11th sep 2012, than one can take entry near 10075-85 . Minimum 2 lots is advisable.  Book one lot with gain of 100 points  and hold the other one till a reverse trade is triggered based on each subsequent day's CONJBNSAR .That time book another lot and take reverse position with minimum 2 lot once again. This way you are always in a trade.

IMPORTANT POINTS FOR TRADING Banknifty has shown its power once it came above two very strong 100DEMA & 2 00DEMA . Above 11045 immediate resistance  comes around  11130 and there after 11226. on downside it has good support of  10500-10540 . CONJBNSAR triggered a buy signal at 10075 on 11th sep 2012 and till date given a gain of 900+ points. Banknifty is highly overbought in daily chart but no weakness in trend.

IMPORTANT POINTS FOR TRADING Banknifty has closed above  100DEMA & 2 00DEMA . Above 10665 immediate resistance  comes around  10755 and there after 10905. on downside it has good support of  10450 . CONJBNSAR triggered a buy signal at  10075 on 11th sep 2012 . Today is another event base trading day as mid-quarter monetary policy will be announce by RBI.