Market Trend Lab

(save birds,save nature) PAIR TRADE CALL FOR LICHSGFIN AND RELCAP SELL LICHSGFIN FUTURE @235 BUY RELCAPITAL FUTURE @366.05 WE BOOKED PROFIT TODAY ITSELF LICHSGFIN FUTURE @237.50 RELCAPITAL FUTURE @371 BOOKED PROFIT OF PAIR: Rs.2450 BRAVE HEART BOOKED PROFIT AS BELOW: LICHSGFIN FUTURE @237.90 RELCAPITAL FUTURE @374.30 BOOKED PROFIT OF PAIR : Rs.5350

IT IS HIGHLY OVERSOLD AND LIKLY TO BOUNCE.. MAJOR SUPPORT FOR BANKNIFTY IS 11250 BEING RISING CHANNEL SUPPORT LINE AND 11185 BEING 61.8% RETRECEMENT LEVEL OF RANGE 13300 TO 7766.

IMPORTANT POINTS FOR TRADING Banknifty is in downtrend after breaking down the  rising wedge pattern  in both day and week time frame. There is no sign of trend reversal so far.. On upside Banknifty immediate resistance is around  12050-12075  and on downside support is  11750 . It is highly oversold and we expect some pull back rally on upside...  On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. ============================== NOTE : 1. We soon reply all pending mails... till this sat and sunday. 2. We will also update our 'Pair trade diary' and 'Banknifty Diary' till this sat and sunday 3.We have Started posting positional stock ideas  on our new blog 'JUST BANKNIFTY-STOCK IDEAS' (To view our new blog click on below title) JUST BANKNIFTY - STOCK IDEAS ==============================

IMPORTANT POINTS FOR TRADING Banknifty is in downtrend after breaking down the  rising wedge pattern  in both day and week time frame. On upside Banknifty immediate resistance is around  12135  and on downside support around  12000-12050 zone . below this level it can slide upto  11900 and 11750  in panic. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. ============================== We have Started posting positional stock ideas on our new blog 'JUST BANKNIFTY-STOCK IDEAS' (To view our new blog click on below title) JUST BANKNIFTY - STOCK IDEAS ==============================

IMPORTANT POINTS FOR TRADING Banknifty is in downtrend after breaking down the  rising wedge pattern  in both day and week time frame. On upside Banknifty has resistance around 12225  and on downside has support around  12000-12050 zone . below this level it can slide upto 11900 and 11750 in panic. For weekly analysis click on following link:  http://justbanknifty.blogspot.in/2013/02/banknifty-weekly-analysis.html On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

============================== From Today we will post positional stock ideas on our new blog (To view our new blog click on below title) JUST BANKNIFTY - STOCK IDEAS ==============================