Market Trend Lab

Banknifty got soldoff from ' Rising Wedge' top around 12160-12200 and moving towards the gap around 11108---11469 .  On downside it is having support band around 11150-10950. We have sold banknifty near the top of the ' Rising Wedge ' i.e.  @12145 and our subscribers made good profit in this trade. In December month (till date) we have booked gain of 840+ pointssssss ================================================ HURRY.... TO SUBSCRIBE FOR OUR SPECIAL YEAR END OFFER CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART

SUNPHARMA : (LOT SIZE 500) 12th Dec 2013:  Sell SIGNAL@ 581 . ... made low of 571.60   target given :575- 570 STOPLOSS : 588 PROFIT : Rs.3000+ ====================== RECLTD : (LOT SIZE 1000) 11th Dec 2013:  Sell SIGNAL@ 218--219 . ... made low of 215.25   target given :215 ---213 STOPLOSS : 220 PROFIT : Rs.3000+ ====================== CIPLA : (LOT SIZE 500) 11th Dec 2013:  Sell SIGNAL@ 390 . ... made low of 386.15   target given : 383---385 STOPLOSS : 393 PROFIT : Rs.1750 ====================== TECHM : (LOT SIZE 250) 5th Dec 2013:  Sell SIGNAL@  1677.50. ... made low of 1662 target given : 1650-1630  (tgt achieved on 4th and 5th Dec ) STOPLOSS : 1695 Loss : Rs.4375 =========== INFY : (LOT SIZE 125) 3rd Dec 2013: BUY SIGNAL@ 3354. ... made high of 3399 target given : 3380---3400  (BOTH tgt achieved on 4th and 5th Dec ) STOPLOSS : 3330 ...

(Weekly chart) Banknifty is trading in Rising Wedge Pattern and it is in uptrend till it breaks the support line of wedge pattern. Wedge resistance is around 12160-12200 zone and support around 11180-11050 zone. It has shown good strength above 100WMA and 200DMA.  Trend is up and there is no weakness so far..!! For December month (till date) we booked gain of  549 points . ================================================ HURRY.... TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE OUR SERVICE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART