Market Trend Lab

(BANKNIFTY WEEKLY CHART) This week banknifty has given breakout from wedge pattern (pattern which is known for bullish reversal) followed by positive crossover by stochastic whereas MACD yet to give positive crossover. In above chart one can see banknifty has always struggle near 11200 level (+/- 100 points) to cross the level upside or downside... (shown with blue shadow). This time also banknifty made high of 11219.45 and got sold off and closed below 100WMA @10790-10800 . Now further upmove towards 12000 is possible only when banknifty clears the  hurdle of   11200 level (+/- 100 points) . On 5th Sep 201 3  our  Weekly JBNSAR  system given long signal  @9450   and one lot advised to book near   9800-10000  zone   (gain of 400-500+ points)  and on 20th sep 2013 also advised to book 2nd lot above 11000 level   (there by given gain of 1500+ points ) and only risk taker can hold with trailing stop...

JUST BANKNIFTY PAIR TRADE NOW NO MORE HOLDINGS IN PAIR WITH IMPROVED STRATEGY IN PAIR TRADE BOOK PROFIT OR LOSS DURING INTRADAY OR MAX 2 DAYS HOLDING... ============================================ 23rd SEP 2013 PAIR ENTRY(23RD SEP 2013) : RELINFRA(BUY @413) AND TATAPOWER(SELL @81.70) PAIR EXIT(23RD SEP 2013): RELINFRA (SELL@418) AND TATAPOWER(BUY @81.50) PAIR PROFIT: Rs.5800 PAIR EXIT(23RD SEP 2013): RELINFRA (SELL@416) AND TATAPOWER(BUY @80) PAIR PROFIT: Rs.9800 ==================================== PAIR ENTRY(20TH SEP 2013) : HDFC (BUY @803) AND IDFC (SELL @101) PAIR EXIT(23RD SEP 2013): HDFC (SELL@786.50) AND IDFC(BUY @97.10) PAIR PROFIT: Rs.3675 ============================================== 20TH SEP 2013 PAIR ENTRY(19TH SEP 2013) : IDBI (BUY @65.25) AND ALBK (SELL @ 86) PAIR EXIT(20TH SEP 2013):  IDBI (SELL@63.50) AND ALBK (BUY @ 80.60) PAIR PROFIT: Rs.3800 ============================================== PAIR E...