Market Trend Lab

(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/