Market Trend Lab

After coming back into the 'Rising Channel' , Banknifty was on fire. Stochastic and RSI already given positive signal and MACD yet to give. Price reversed from downtrend after breaking the falling wedge on upside. Our Weekly JBNSAR generated long signal @ 11371 . Now in coming week , RBI policy review is due on 3rd May which will act as major trend decider. There is high expectation in market for rate cuts from RBI. Till than we expect range bound sessions i.e. 12100-12200 to 12750-------12950. This time will it float and show 13000 level OR will sink below 12000???? WAIT AND WATCH TILL 3RD MAY...  Being event base week be cautious. 

TODAY MORNING WE HAVE GIVEN STRATEGY FOR ANDHRA BANK AND VIJAYA BANK  AS: SELL VIJAYA BANK FUTURE @53.75 BUY ANDHRA BANK FUTURE @93.10 WE BOOKED PROFIT TODAY ITSELF AS: VIJAYA BANK FUTURE @52.90 ANDHRA BANK FUTURE @93 BOOKED PROFIT  :  INR  3000 =================================================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING Banknifty after breaking falling wedge decisively on upside ,  once again came back into the rising channel and It is the positive sign. It seems it will start again making flag patterns within the channel , right now pole is developing. Banknifty sustaining above 12400 will move towards 12900-13035.

TODAY MORNING WE HAVE GIVEN STRATEGY FOR AXISBANK AND FEDERAL BANK AS: SELL AXISBANK MAY FUTURE @1490 BUY FEDERAL BANK MAY FUTURE @450.50 WE BOOKED PROFIT TODAY ITSELF AS: AXISBANK FUTURE @1479.50 FEDERAL BANK FUTURE @454 BOOKED PROFIT : INR  4375 ====================================== WE HAVE GIVEN  STRATEGY FOR CANARA BANK AND ORIENTBANK  ON 12th APRIL 2013 SELL CANARA BANK  FUTURE @386.3 BUY ORIENTBANK FUTURE @237.65 WE BOOKED LOSS  AS: CANARA BANK FUTURE @442 ORIENTBANK FUTURE @289 BOOKED LOSS  :  INR  -4350 =================================================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

WE HAVE GIVEN STRATEGY FOR TCS AND WIPRO  ON 22ND APRIL 2013 AS: SELL TCS (MAY' 2013) FUTURE @1433 BUY WIPRO (MAY' 2013) FUTURE @341.50 TODAY  BOOKED PROFIT AS: TCS MAY FUTURE @1405 WIPRO MAY FUTURE @344 BOOKED PROFIT :  INR 8250 OUR BRAVE HEARTS BOOKED PROFIT AS: TCS MAY FUTURE @1393 WIPRO MAY FUTURE @343 BOOKED PROFIT :  INR 10750 STATUS: CALL IS CLOSED ================================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

TODAY WE HAVE GIVEN STRATEGY FOR TCS AND WIPRO  (NOW WE HAVE ADDED IT SECTOR TOO IN OUR PAIR TRADING) SELL TCS FUTURE @1440 BUY WIPRO FUTURE @334.75 TODAY  ITSELF BOOKED PROFIT AS: TCS FUTURE @1425 WIPRO FUTURE @342 BOOKED PROFIT :  INR 7375 STATUS: CALL IS CLOSED ================================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY