Market Trend Lab

We have given pair trade call for SBIN and IDBI   FOR JULY FUTURE  (This was JACKPOT CALL) on 27th july 2013 as : Sell SBIN future @1925 Buy IDBI  future @67.50 Today  Our Brave hearts   booked profit as : SBIN future @1964 IDBI future @71.25 Booked profit :  INR 10125 ============================= Today we have given  pair trade call for SBIN AND ALBK  as: Sell SBIN future @1946.50 Buy ALBK  future @87.20 We booked profit as: SBIN future @1950 ALBK future@89.20 Booked profit: INR 3562.50 Today  Our Brave hearts   booked profit as : SBIN future @1960 ALBK future @90.55 Booked profit :  INR 5012.50 =============================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

Banknifty is downtrending in week timeframe whereas there is a pause on downtrend in daytimeframe. It is highly oversold and expect a relief rally. Today above  11165  it can move towards  11340--- 11440  which will be strong resistance zone for the day .  Whereas on downside below 11165 it can slide upto  11100----11000---10700. Our  weekly JBNSAR  given sell signal  @12820  on  30th May 2013 . Part booking was advised near support zone of  11900-12200 . and balance is held with trailing stop loss. On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support / resistance levels.. Positional traders should trade with weekly JBNSAR.

Today We have given pair trade call for SBIN and IDBI   FOR JULY FUTURE as : Sell SBIN future @1925 Buy IDBI  future @67.50 Today we booked profit as : SBIN future @1920 IDBI future @69 Booked profit :  INR 6625 Our Brave hearts  still HOLDING ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

We have given pair trade call for IDFC and PFC  on 21st june 2013 as : Buy PFC future @148.30 Sell IDFC future @136.80 Today we booked profit as : PFC future @141.50 IDFC future @128 Booked profit :  INR 4000 Our Brave hearts booked profit as: PFC future @139 IDFC future @125 Booked profit :  INR 5000 ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

Banknifty is in downtrend in week and day timeframe. When trend is strong in higher time frame, every rally in day will get sell off...  Today above  11185  it can move towards  11270--11340--- 11440  which will be strong resistance zone for the day .  Whereas on downside it can slide upto  11100----11000---10700. We expect high volatility in coming time being expiry near by. Over all trend is negative. Our  weekly JBNSAR  given sell signal  @12820  on  30th May 2013  (right now it is in  1600+ point gain ). Part booking was advised near support zone of  11900-12200 . and balance is held with trailing stop loss. On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support / resistance levels.. Positional traders should trade with weekly JBNSAR.

We have given pair trade call for RECLTD and PFC on 25th june 2013 as : Buy PFC July future @137 Sell RECLTD July future @188 Today we booked profit as : RECLTD july future @186 PFC july future @138.50 Booked profit :  INR 5000 Our Brave hearts booked profit as: Recltd july future @188.50 PFC July future @141 Booked profit :  INR 7,500 ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

Banknifty is in downtrend in week and day timeframe. When trend is strong in higher time frame, every rally in day will get sell off...  Today above  11185  it can move towards  11270--11340--- 11440  which will be strong resistance zone for the day .  Whereas on downside it can slide upto  11100----11000---10700. We expect high volatility in coming time being expiry near by. Over all trend is negative.

(Banknifty Daily Chart) Banknifty is trading in downward channel and it is below 100WEMA i.e. 11340. Today above 11185 it can move towards 11340--- 11440 which will be strong resistance zone for the day . Whereas on downside it can slide upto 11100----11000---10700. We expect high volatility in coming time being expiry near by. Over all trend is negative.