Market Trend Lab

Today 2nd Nov. 2012: Brave hearT can book profit of 3500+ ICICIBANK @1081.50 and YESBANK @418.70 CURRENT PROFIT: 4175 CURRENT RATIO : 2.58 (ICICIBANK_YESBANK PAIR CALL CLOSED TODAY) ========================= strategy given on 1st nov. 2012 Now pair given a profit of  3000. .  ICICIBANK @1066  and YESBANK  @416 Brave heart can still hold the pair ========================== PAIR TRADE STRATEGY given: Buy ICICIBANK @1060  AND Sell YESBANK @417.50 Entry Ratio: 2.53&below TRGT Ratio : 2.60-2.65 S/L Ratio: 2.48 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** New Contact Enquires will get SMS service from Mon...

(Click to enlarge) IMPORTANT POINTS FOR TRADING In above Daily chart one can see that Banknifty is continuously making 'Flag Pattern' within a ascending triangle pattern (one can see 3 flag patterns). what is 'flag pattern'? for that one can read below link  http://justbanknifty.blogspot.in/2012/03/flag-pattern-banknifty-daily-chart.html#more   Flags are among the most reliable of continuation patterns and only rarely produce a trend reversal" This note on Flag pattern was given when banknifty made first flag pattern in above chart and since than uptrend is intact. Hence, two parallel lines of flag pattern act as support and resistance and one can trade accordingly till the time it is correcting within parallel lines and when it breaks out from resistance line new flag is made. Now ascending triangle is getting narrow. Today on downside banknifty is having a support at  11250  where as immediate resistance will be   11475-11495 zone. ...

BANKNIFTY: Today banknifty is facing a resistance near daily JBNSAR i.e. 11364. ICICIBANK_YESBANK: is still in profit of 3250 .... when ICICIBANK @1065 & YESBANK @415.50 .... Brave heart can hold the pair. 1. PAIR TRADE CALL IS GIVEN FOR TRADING IN FUTURE (DERIVATIVE CONTRACTS) 2. ALL RATES AND RATIOS ARE MENTIONED FOR FUTURE PRICE OF UNDERLYING. 3. WHENEVER THE STRATEGY IS GIVEN  FOR EG. FOR TODAY'S ICICIBANK_YESBANK PAIR STRATEGY ONE HAS TO BUY ONE LOT OF ICICIBANK FUTURE AND SELL ONE LOT OF YESBANK FUTURE SIMULTANEOUSLY...

Today morning pair strategy given for ICICIBANK_YESBANK: Now pair given a profit of 3000. .  ICICIBANK @1066 and YESBANK @416 Brave heart can still hold the pair ========================== PAIR TRADE STRATEGY given: Buy ICICIBANK @1060  AND Sell YESBANK @417.50 Entry Ratio: 2.53&below TRGT Ratio : 2.60-2.65 S/L Ratio: 2.48 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** New Contact Enquires will get SMS service from Monday onwards and will soon answer all mails till this sunday....Diwali bonanza offer is open till 15th Nov.2012... rush to join us and be benefited... Thanks for all your responses...**** )

PAIR TRADE STRATEGY Buy ICICIBANK @1060 AND Sell YESBANK @417.50 Entry Ratio: 2.53&below TRGT Ratio : 2.60-2.65 S/L Ratio: 2.48 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** New Contact Enquires will get SMS service from Monday onwards and will soon answer all mails till this sunday....Diwali bonanza offer is open till 15th Nov.2012... rush to join us and be benefited... Thanks for all your responses...**** )

IMPORTANT POINTS FOR TRADING Banknifty has broken down from a triangle in a daily chart which indicates minimum fall upto  11000-10900.   Today on downside banknifty is having a support at 11190  more weakness will be only if it sustains below that where as immediate resistance will be   11350-11365. CONJBNSAR on 26th oct triggered a sell signal @ 11500 .  On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY: carefully watch 11190  level as it is 0.618% level of high 13304 to low 7766. More weakness will be below that only...

 Our AXISBANK_ICICIBANK pair strategy given yesterday has achieved first target today. AXISBANK @ 1178 AND ICICIBANK @ 1053 CURRENT PROFIT: 6900 CURRENT RATIO: 1.11 TARGET RATIO GIVEN : 1.11 (achieved) (Though we booked profit early) ========================== Now book profit of  3250  in AXISBANK_ICICI BANK PAIR AXISBANK @  1190  AND ICICI BANK @  1050 CURRENT PROFIT :  3250 ===================== Today morning pair strategy given: Sell AXISBANK@ 1238.50  & BUY ICICIBANK@ 1085.50 CURRENT PRICE RATIO :  1.14 TARGET RATIO :  1.11-----1.08 STOP LOSS RATIO:  1.17 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html

Buy CANBK@ 399  and  SELL ORIENTBANK@ 298 CURRENT PRICE RATIO :  1.33 TARGET RATIO :  1.37-----1.40 STOP LOSS RATIO:  1.29 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html

IMPORTANT POINTS FOR TRADING Banknifty has broken down from a triangle in a daily chart which indicates minimum fall upto 11000-10900.   Today banknifty is having strong resistance zone of  11450-11500   as Daily and weekly JBNSAR level are within this zone. CONJBNSAR on 26th oct triggered a sell signal @ 11500 . Today's CONJBNSAR is 11492 (no need to filter).

Now book profit of 3250 in AXISBANK_ICICI BANK PAIR AXISBANK @ 1190 AND ICICI BANK @ 1050 CURRENT PROFIT : 3250 ===================== Today morning pair strategy given: Sell AXISBANK@ 1238.50  & BUY ICICIBANK@ 1085.50 CURRENT PRICE RATIO :  1.14 TARGET RATIO :  1.11-----1.08 STOP LOSS RATIO:  1.17 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html

Now  brave heart may book profit in  BANKBARODA @ 725 AND ORIENT BANK @ 296 Current profit : Rs. 6750 ========================== Today book profit in BANKBARODA @ 722 AND ORIENT BANK @ 298 Current profit : Rs. 4000 (Yesterday very boldly told to our subscriber to hold the pair) ======================= on 29th oct strategy given : Buy Bankbaroda @ 762   AND  Sell Orientbank @  312 ... CURRENT PRICE RATIO :  2.442 TARGET RATIO :  2.55-----2.66 STOP LOSS RATIO:  2.34 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html

BANKNIFTY : have a support near 11250 ... more weakness will be below that only... STILL holding 2nd lot... BANKBARODA_ORIENTBANK PAIR:   BANKBARODA is now @ 727  and ORIENT BANK is @ 302. . pair is in profit of 1250 .. stilll holding position in pair. AXISBANK_ICICIBANK PAIR: AXISBANK  is now @ 1195  and ICICI BANK @ 1048  ... pair is in profit of 1500 ... still holding position in pair

Sell AXISBANK@ 1238.50 & BUY ICICIBANK@ 1085.50 CURRENT PRICE RATIO :  1.14 TARGET RATIO :  1.11-----1.08 STOP LOSS RATIO:  1.17 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html

IMPORTANT POINTS FOR TRADING Today is event base trading day as monetary policy will be announce by RBI, may see high volatility in market. One should keep a watch on Weekly Angi and JBNSAR level i.e. on downside carefully watch Level  11450-11475  zone and on upside  11695  level. It will be weak only below 11380. CONJBNSAR on 26th oct triggered a sell signal @ 11500 . Today one has to keep a filter of 0.6% on today's CONJBNSAR to give a survival chance hence, stop and reverse point for today is  11595.

Buy Bankbaroda @ 762   AND  Sell Orientbank @  312 ... CURRENT PRICE RATIO :  2.442 TARGET RATIO :  2.55-----2.66 STOP LOSS RATIO:  2.34 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html

IMPORTANT POINTS FOR TRADING Now it is important to close above  11550  for three consecutive days plus weekly close must to rally towards  11750.....11900. Today one should keep a watch on Weekly Angi and JBNSAR level i.e. on downside carefully watch Level  11450-11475  zone and on upside 11695 level. CONJBNSAR on 26th oct triggered a sell signal @ 11500 . Today one has to keep a filter of 0.6% on today's CONJBNSAR to give a survival chance hence, stop and reverse point for today is  11577.