Market Trend Lab

(BANKNIFTY DAILY CHART) Banknifty is range bound and Support level of 18400-18500   is crucial to sustain for any rally towards 18900-19000 . Yesterday too banknifty bounced from support level of 18400 . (BANKNIFTY WEEKLY CHART) In above weekly chart one can see RSI still in bullish zone and there is no sign of weakness too. Weekly MACD is trading in narrow rising wedge but still not given any negative crossover. ********** NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE:  http://justbankniftystock.blogspot.in   **********   THOUGHT OF THE DAY:   "PERFORMANCE IS THE BEST WAY TO  SHUT PEOPLE UP.."  : MARCUS LEMONIS

(BANKNIFTY DAILY CHART) Banknifty had broken Rising Wedge after MACD got resisted near the resistance trend line and made low near 17502 . If MACD gives positive crossover than banknifty will rally to 18900-19000.. Banknifty sustaining above  18500 can move to 18800--18950 whereas below 18500 will slip to 18400 support level and breaking down of 18400 will take it to 18100 in panic.. In day time frame banknifty is in range bound mode. NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE :   http://justbankniftystock.blogspot.in/

(BANKNIFTY DAILY CHART) In our last post we had given alert at higher level as banknifty was trading in Rising Wedge and MACD was near the resistance line. In above updated daily chart one can see that banknifty has broken the Rising Wedge and also MACD has given negative crossover near resistance line and till date it has made low near 18183 . Banknifty below 18400 can slip to 18270--18225 and below this level too it has support near 18050 . In day time frame banknifty is in 'sell on rise' mode. NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE :   http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) (BANKNIFTY DAILY CHART) In Daily Chart one can see banknifty is trading in Rising Wedge and MACD is near the resistance line which suggest cautious approach at higher level. Whereas there is no weakness in weekly chart and it is still in buy on dip mode. On upside banknifty is having resistance near 18735--18800 and on downside support near 18400 below which it can slip to 18100---18000. One can see that MACD respects its trend line so one can wait for negative crossover in daily chart to spot weakness in trend. NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE:   http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) In above Banknifty Weekly chart, one can see how MACD respects its trendline and offered great opportunity to trade. It signals that every dip is buying opportunity till the trendline is not broken down. Recently it has activated buy mode when banknifty price decisively moved above the long term trendline (shown in black) around 17000-17100 with the positive crossover just above the longterm MACD trendline (shown in green) and till date made high of 17676. Before this MACD tendline (shown in green) given buy singal around 11900-12000 when it has given positive crossover just above the trendline. Now on downside it has support around 16800 and on upside resistance near 17790----17860 NOTE:   FOR PAIR TRADING VISIT:   http://justbankniftystock.blogspot.in/

(BANKNIFTY DAILY CHART) In above Banknifty Day chart, one can see how MACD respects its trendline and offered great opportunity to trade.  Recently it has activated buy mode around 15480-15525 by giving positive crossover near the support of trendline.  Now on downside it has support around 15450--15200 and on upside resistance near 16200 NOTE:   FOR PAIR TRADING VISIT:   http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) In above weekly chart, one can see banknifty has made  'Bearish Butterfly Pattern" . This pattern gives target range of  level  14800 to 16500.  It has made high of  15742  till date and faced  strong resistance and selling pressure near  15550-15750 . Weekly MACD has given negative crossover. Upside resistance 15150 and 15500 . Downside support near 14700 and 14300 . here, the CD leg extends towards a 1.272 to 1.618  Fibonacci  extension of the XA leg. Note, that Fibonacci extension can  even be as far as 2.618 - but beyond that then the pattern is invalid. NOTE:   FOR PAIR TRADING VISIT:   http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) Banknifty after crossing the hurdle of 13400 made a high of 15742 and after this bull run its resting from last one month by trading in broad range of 14700--15600 levels. Now on downside it has made a good support around 14700 and above this level doors are open for 16000-16200 level. There is no weakness in trend. Note : U nion Budget 2014 is believed to be the next big trigger for Indian indices, which have been rallying for quite sometime now, is just around the corner. Market participants, locally and globally are closely watching team Modi’s maiden Budget scheduled on July 10.   NOTE:   FOR PAIR TRADING VISIT:   http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) In above weekly chart, one can see banknifty has made 'Bearish Butterfly Pattern" . This pattern gives target range of  level 14800 to 16500. It has made high of 15742 till date.  It is also facing long term trend line resistance near 15650-15700 . It will have strength only above 15700 to move towards 16500....21000 level too "if we really approach the good days ahead"... On downside it has good support around 14700-14500. BEARISH BUTTERFLY PATTERN:   here, the CD leg extends towards a 1.272 to 1.618  Fibonacci  extension of the XA leg. Note, that Fibonacci extension can  even be as far as 2.618 - but beyond that then the pattern is invalid. NOTE: FOR PAIR TRADING VISIT:   http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) On 15th April 2014, we indicated about breakout from inverse H&S pattern will target above 15000. http://justbanknifty.blogspot.in/2014/04/banknifty-weekly-update-slowly-and.html Now on downside support is near 14500 and upside immediate resistance is 15050 and 15400 . Its time to be cautious on higher level as it is trading at upper bollinger band. NOTE :  FOR PAIR TRADING VISIT :  http://justbankniftystock.blogspot.in/

CONGRATULATION TO BJP AND  MR. NARENDRA MODI (CM OF GUJARAT) India has won! We're approaching the good days...   lets enjoy some of the best quotes....

(BANKNIFTY WEEKLY CHART) Banknifty has broken out a triangle pattern and trading in a broad range of 12500-13000.  It is slowly and steadily breaking all the hurdles and moving higher. Still there is no weakness in trend. It is having hurdle near 13000 above which it can move to 13400 level Whereas on downside it is having support near 12550 and breaking of which it will slip to 12350-12250. (Banknifty Inverse H & S pattern) Banknifty has already given breakout from inverse H& S pattern which gives target above 15000 in short term to medium term. NOTE:   1.   For stock ideas visit :   http://justbankniftystock.blogspot.in/

Today's update of pair trade calls: SBI AND MARUTI : PROFIT 13000+ ITC AND CAIRN: PROFIT 4000 GMRINFRA AND IFCI : PROFIT 5800 FOR DETAIL NOW VISIT OUR SEPARATE BLOG FOR STOCKS : JUST STOCK IDEAS LINK :   http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) MACD  Positive crossover with  triangle pattern  (Shown with blue line)  breakout given a rally upto 12869 (till now). In earlier post we indicated about  'Bearish Gartley Pattern' of which CD will target 12800-13200 and it made high of 12869 and started correction , till now made low of 12430 . http://justbanknifty.blogspot.in/2014/03/banknifty-weekly-update-heading-to.html Now banknifty is in 'sell on rise' mode. Below 12480 it will be weak and may slip to   12250--12200 . on upside immediate resistance is 12635--12690.  Banknifty will have strength only above 12850-12870. NOTE:  1.   For stock ideas visit :  http://justbankniftystock.blogspot.in/

(Banknifty Weekly chart) Banknifty after a breakout from a  triangle pattern  (Shown with blue line) and Positive crossover by  MACD   given a rally upto 12788 (till now). In earlier post we indicated about 'Bearish Gartley Pattern'  with target of  12800-13200 . Though triangle pattern breakout gives much higher target if sustains above 13400. On downside banknifty is having support near  12500  and below which it will slip to 12200 and  on upside resistance near  12850  and above which it may rally towards 13000+ level. NOTE:  1. RBI policy to be announced on 1st April 2014 i.e. on fool's day. expect market to be highly volatile.  2.  For stock ideas visit :  http://justbankniftystock.blogspot.in/

(BANKNIFTY WEEKLY CHART) Banknifty after a breakout from a  triangle pattern  (Shown with blue line) and Positive crossover by  MACD  going strong and heading to make new high. It seems that it is making 'Bearish Gartley Pattern' of which 'XA', 'AB' & 'BC' done and now it is in process to make 'CD' which take it to 12800-13200 . On downside banknifty is having support near 11800-12000 and on upside resistance near 12500 . Definition of 'Gartley Pattern': The above Gartley example shows an uptrend XA with a price reversal at A. Using Fibonacci ratios, the retracement AB should be 61.8% of the price range A minus X, as shown by line XB. At B, the price reverses again. Ideally, retracement BC should be between 61.8% and 78.6% of the AB price range, not the length of the lines, and is shown along the line AC. At C, the price again reverses with retracement CD between 127% and 161.8% of the range BC and is shown along the line...

(Banknifty Weekly Chart) Banknifty has given a breakout from a  triangle pattern  (Shown with blue line) and   MACD  also  given a positive cross over in above weekly chart.  After giving a big run up from 9945 to 12300 , it is trading in sideline between 12300-11800. This week on downside important support comes around  11700  and  11500 . and on upside immediate resistance will be  12350  and sustaining above this will move to  12500 .

(BANKNIFTY WEEKLY CHART) Banknifty has given a breakout from a triangle pattern (Shown with blue line) and also MACD given a positive cross over.  It is to be noted that MACD postive crossover is still below zero line and it will be more bullish as soon as it crosses this line. This week on downside important support comes around 11700 and 11500 . and on upside immediate resistance will be 12000 and sustaining above this will move to 12200--12500 zone. This week expected to be highly volatile and some pull back also as Banknifty is highly overbought in day timeframe and key macro data is also going to be announced this week. NOTE :  1.)  THIS WEEK MACRO DATA WILL BE DECLARED : IIP AND CPI NUMBERS ON WEDNESDAY, WPI ON FRIDAY.  2) U.S. ON THURSDAY WILL BE ANNOUNCING THE KEY RETAIL SALES DATA. 

(BANKNIFTY WEEK) Banknifty rallied from 10500 to 11300 when stochastic given positive cross over in week timeframe and now this week MACD about to give positive crossover. Sustaining above 11000 level will move towards 11600-11700 level. It will be weak only below 10900 .

(Banknifty weekly chart) Banknifty weekly chart stochastic given positive cross over and MACD yet to give. On upside 10900-10950 is the resistance and on downside 10500-10550 is the support.

(BANKNIFTY WEEKLY CHART) Banknifty is trading in downward channel and in weekly chart, MACD cross over dragged it to lower level of 9944 . Now on upside resistance is 10500-10580 zone and on downside support is 9900-9950 and below this level it may slip to 9500 . Banknifty is weak below 10430 level. For stock ideas visit:   http://justbankniftystock.blogspot.in/

In Last week update indicated about MACD crossover will bring more weakness and post trigger  banknifty slip to 10101 level and still no strength.  To Read:  http://justbanknifty.blogspot.in/2014/01/banknifty-weekly-update-rising-wedge.html In Daily update on 17th Jan 2014 indicated about break of Head and Shoulder pattern in day time frame will bring deeper correction towards 10000 level and the target achieved. To Read: http://justbanknifty.blogspot.in/2014/01/banknifty-daily-update-multiple.html On upside strong resistance around 10650-10750 zone and further weakness will continue only below 10000 level and if breaks than may slip to 9800--9600 level.

BANKNIFTY TRADES UPDATE  FOR Jan MONTH (*level given for spot price) : On 29th Jan 2014 : sell one lot future price @ 10615  booked   @10555 (29th Jan 2014) (Profit of 60 POINTS) TOTAL NET GAIN BOOKED IN THIS TRADE : 60 POINTS ============================== On 28th Jan 2014 : sell one lot future price @ 10370 Buy one lot of call option of 10700 @ 25 Bnf booked @ 10240 (30th Jan 2014) (Profit of 130 POINTS) call option booked   @45 (29th Jan 2014) (Profit of 20 POINTS) TOTAL NET GAIN BOOKED IN THIS TRADE : 150 POINTS ============================== On 20th Jan 2014 : sell one lot future price @ 11030 booked ...

(Banknifty Weekly Chart) Banknity is trading in side ways from last three weeks in the range of 10800 to 11250. It  has broken the  rising wedge pattern and MACD  yet to give negative cross over and if it does than it will bring more weakness in coming days. Banknifty below 10970 level will be weak. On upside immediate resistance around  11085 and than 11200  and on downside immediate support around  10830--10880  below which it will slip upto 10400 level. In coming week one has to watch for MACD corss over and RBI 3rd Quarter Monetary policy review on 28th Jan 2014  which will bring high volatility. ================================================= TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART

Subscription for Feb Month will start from 25th Jan 2014 to 31st Jan 2014...  Who already contacted will be replied soon.... TO LEARN THE JBNSAR TECHNIQUE OR  TO SUBSCRIBE CONTACT US : http://justbanknifty.blogspot.in/p/contact_19.html TRADE LESS TRADE SMART