Market Trend Lab

(BANKNIFTY WEEKLY CHART) Banknifty in week timeframe is trading well within the channel (shown with pink color) made high near the resistance line 20907 . Now channel support comes around 17700 and resistance near 20900 . MACD is about to give negative cross over. In week timeframe banknifty is having strength above 19500 only and on downside support near 18700 below which more panic upto   18200--17700 . ********** NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE:  http://justbankniftystock.blogspot.in ********** THOUGHT OF THE DAY: "Its better to be UNIQUE than the The BEST, because...  Being The BEST makes you the number one, But..  Being UNIQUE makes you THE ONLY ONE !!"