Market Trend Lab

Today have a watch on Daily Agni Leve l @ 12485 .  It is one of the important level to cross for further upmove. Though it is overbought but still  there is no weakness in trend.

IMPORTANT POINTS FOR TRADING In Daily chart another Flag Pattern is developing and ADX indicator is about to give a strong signal for current trend. On downside immediate support is 12230-12270 zone and below that 12100 is another good support for banknifty. On upside immediate resistance will be around  12540-12580 zone and above that it can move towards 12700. In Weekly chart banknifty has made two inverse head and shoulder pattern of which target is  12500  and in long term it targets  14500 . For detail analysis one can read a post link given below:  http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

Today Banknifty took the support near Daily JBNSAR @12185 and made a high of 12480.60 near Daily Agni level of 12485. Banknifty almost achieved the target of inverse head and shoulder pattern mentioned in today's pre market view There by given a gain of 300 pointssssss..... in a day... ================================ We will provide everything Entry , Exit and profit or loss update on your mobile. 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...

IMPORTANT POINTS FOR TRADING In Daily chart another Flag Pattern is developing. One can see in above chart the correlation between MACD crossing and flag formation and breakouts. Blue circle on MACD and Flag pattern shows the starting of formation of flag and whereas red circle shows the consolidation within the flag channel. In Weekly chart banknifty has made two inverse head and shoulder pattern of which target is 12500 and in long term it targets 14500 . For detail analysis one can read a post link given below:  http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html On downside banknifty is having a good support around  12000 zone. On upside immediate resistance will be around  12485-12500. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

PAIR TRADE CALL FOR SBI AND ALBK PAIR : TO VIEW ENTER PASSWORD

FDI vote in Lok Sabha: Confident UPA says it has the numbers (courtesy to INDIATODAY.IN) Read more at: http://indiatoday.intoday.in/story/fdi-in-retail-upa-government-opposition-parliament-sp-bsp-trinamool/1/235966.html IMPORTANT POINTS FOR TRADING Immediate support for Banknifty comes around 12000 and below that another support around  11900-11950 zone. On upside immediate resistance will be around  12340. Banknifty has made a small inverse head and shoulder pattern and of which target is  12500 . On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..  EVENT BASE TRADING DAY : Today vote on FDI in Loksabha

(Save Animals, Save Nature) Today we booked profit of 4000+ in SBI_VIJAYA BANK PAIR SBIN FUTURE @2245.70 VIJAYA BANK FUTURE @61 CURRENT PROFIT : 4281 CALL STATUS : CALL IS CLOSED ======================== Pair strategy for SBIN_Vijayabank given today morning http://justbanknifty.blogspot.in/2012/12/pair-trade-call-sbivijayabank.html ============================ We will provide everything Entry , Exit and profit or loss update on your mobile. 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...

(Save Animals, Save Nature) Buy SBIN FUTURE @2237 Sell VIJAYABANK FUTURE @ 61.80 CURRENT RATIO : 36.1974 TARGET RATIO : 38 STOP LOSS RATIO : 34 ============================ We will provide everything Entry , Exit and profit or loss update on your mobile. 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...

Today we booked profit of 1000 in BANKBARODA_CANBANK PAIR BANKBARODA FUTURE @ 771 CANARABANK FUTURE @468 CURRENT PROFIT : 1000 STATUS : CALL IS CLOSED  ======================== Strategy for BANKBARODA_CANARABANK given on 30th Nov 2012 To view the strategy click on following link and enter a password : CANARA22 http://justbanknifty.blogspot.in/2012/11/pair-trade-call-for-bankbarodacanara.html

IMPORTANT POINTS FOR TRADING Banknifty is having a good support around  11900-11950 zone. On upside immediate resistance will be around  12300-12350. Banknifty has made a small inverse head and shoulder pattern and of which target is  12500 . On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. 

IMPORTANT POINTS FOR TRADING Banknifty broke out from flag channel with MACD positve crossing. One can see in above chart the correlation between MACD crossing and flag formation and breakouts. Blue circle on MACD and Flag pattern shows the starting of formation of flag and whereas red circle shows the consolidation within the flag channel. In above chart one can see 3 complete flag patterns and 4th pattern is forming with MACD positive crossing.  On downside banknifty is having a good support around  11765-11810 zone. On upside immediate resistance will be around  12300-12350. Banknifty has made a small inverse head and shoulder pattern and of which target is 12500 . On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..  Banknifty will have a strength to move upward b y Staying above all levels of daily and weekly.

MONTHLY ANALYSIS (Monthly Chart of BANKNIFTY) (NOV'2010 TO NOV'2012) This is the Monthly chart of Banknifty from NOV'2010 TO NOV'2012 . One can see 'V' shape pattern in above chart. It had made high of 13303.60 in NOV'2010 & Low of 7766 in Dec 2011 . This downfall took 14 months period. Now Can we expect a high of 13300 in short term???   ============================== WEEKLY ANALYSIS