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Showing posts from March 10, 2013

Banknifty Weekly analysis.....

(Banknifty:Weekly Chart) To Sharpen your technical analysis skill gradually keep it simple to understand and to follow in practical like simple channelling , simple patterns , one or two indicators..thats it...  This week Banknifty was highly volatile and closed in red @11816.55  as it found difficulty in sustaining above 'WEEKLY JBNSAR' 12035 and made low of 11555. Banknifty trading in 'Rising Channel' and  till date it has respected its support and resistance line. For next week channel support comes around 11350 and breaking of which will take to 11185. Now in coming week immediate resistance will be 11910-11950 zone and  Above this  it can rally upto  12115----12240 whereas support around 11585 and than 11400-11350 zone. In coming week banknifty will be driven by news specially  RBI monetary policy for rate cut. Note : On 19th Mar 2013 , RBI will review its monetary policy for rate cut and h...

PAIR TRADE CALL : SBI AND IDBI

(SAVE NATURE,SAVE ANIMALS) PAIR TRADE STRATEGY FOR SBI AND IDBI TO VIEW THE STRATEGY CLICK AND ENTER PASSWORD =============================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

BANKNIFTY VIEW FOR 15TH MAR 2013

IMPORTANT POINTS FOR TRADING In daily chart Banknifty has made one big  'Inverted Cup and Handle Pattern'   (shown in pink dotted lines)  which is a ' bearish pattern'  if it breaks the line joining the left and right rim of cup. It is interesting to watch whether it breaks the joining lines of rim or not. Now once again banknifty entering in resistance zone of 12035-12060 above that 12115----12240. On downside immediate support is 11950-11970 zone. On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels..

BANKNIFTY CLOSELY WATCH 12035 AND 11715 LEVEL

After breaking the WEEKLY JBNSAR LEVEL of 12035 our target was WEEKLY AGNI LEVEL of 11715 and below that level also our target was near 11400 . Today BANKNIFTY made a low of 11555 . At the end banknifty found resistance near Daily and weekly JBNSAR of 12050 and 12035 respectively... On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels..

BANKNIFTY : INVERTED CUP AND HANDLE PATTERN

IMPORTANT POINTS FOR TRADING Banknifty failed to cross the hurdle of 12240 and also failed to sustain above 12035  and given up all the gains. Banknifty is weak as it broken the  weekly JBNSAR LEVEL of 12035 and till now made a low of 11754 and further weakness will continue once it breaks down the weekly Agni level of 11715 also. Below 11665-11715 zone it can fall upto 11400 level. One also keep in mind that in daily chart Banknifty has made one big  'Inverted Cup and Handle Pattern'   (shown in pink dotted lines)  which is a ' bearish pattern' if it breaks the line joining the left and right rim of cup. It is interesting to watch whether it breaks the joining lines of rim or not. More write up on this pattern is given below separately. On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels.. INVERTED CUP WITH HANDLE PATTERN Price makes a gentle round...

PAIR TRADE CALL : HDFC AND SRTRANSFIN

(SAVE NATURE, SAVE ANIMALS) PAIR TRADE CALL FOR HDFC AND SRTRANSFIN  (SRTRANSFIN : SHRIRAM TRANSPORT FINANCE) TO VIEW THE STRATEGY CLICK HERE AND ENTER PASSWORD : hdfc12sr2013 ==================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

PAIR TRADE CALL UPDATE: UNION AND VIJAYA BANK

(Save Nature, Save Birds) TODAY WE HAVE BOOKED PROFIT IN UNION BANK AND VIJAYA BANK PAIR AS: UNION BANK FUTURE @ 233 VIJAYA BANK FUTURE @53.20 BOOKED PROFIT : INR 3000 OUR BRAVE HEART BOOKED PROFIT AS: UNION BANK FUTURE @230 VIJAYA BANK FUTURE @52.35 BOOKED PROFIT : INR 5600 ================================================ STRATEGY FOR ABOVE PAIR GIVEN ON 7TH MAR 2013 AS SELL UNION BANK FUTURE @230.60 BUY VIJAYA BANK FUTURE @51.25 TO VIEW CLICK ON FOLLOWING LINK AND ENTER PASSWORD: uv2013 http://justbanknifty.blogspot.in/2013/03/pair-trade-call-union-bank-and-vijaya.html ================================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

BANKNIFTY VIEW FOR 12TH MAR 2013

IMPORTANT POINTS FOR TRADING Banknifty moved up after  Stochastic  shown some positive diversion (shown with yellow arrow) and also positive  cross over of MACD . Banknifty is developing good support around  12000-12060 zone  and hurdle near   12240   and than near 12340. Banknifty will be weak only if it breaks the  weekly JBNSAR LEVEL . Righ now one can  'Buy on dip'. On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels..

BANKNIFTY VIEW FOR 11TH MAR 2013

IMPORTANT POINTS FOR TRADING Banknifty moved up after Stochastic shown some positive diversion in above chart(shown with yellow arrow) and now MACD too given a positive signal. Banknifty is having a hurdle near  12235 and after crossing it will move towards 12400 . On upside Banknifty immediate resistance is around  12235 and than 12400  and on downside immediate support is  12115 . Banknifty will be weak only if it breaks the weekly Agni/JBNSAR LEVEL . Righ now one can 'Buy on dip'. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

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