Market Trend Lab

BANKNIFTY has given breakout from wedge pattern and trading above 100WMA. On upside immediate resistance is 11210-11300 and above that 11650 being 50WMA and downside immediate support is 10800   being 100WMA Today we are expecting highly volatile session being RBI policy Review. Our WEEKLY JBNSAR system given long signal @9450 on 5th sep 2013 there by given gain of  1500+ points for 2nd lot.  As per  WEEKLY JBNSAR  system,  Longs (2 lots) given 2000 points gain so one may book 2nd lot also above 11000 .. and risk taker only hold...

From last 3 days we are writing that banknifty is weak below 13205 level and more panic will fallow below weekly JBNSAR level of 12755 . Today banknifty made low of 12594.90. 

After breaking the WEEKLY JBNSAR LEVEL of 12035 our target was WEEKLY AGNI LEVEL of 11715 and below that level also our target was near 11400 . Today BANKNIFTY made a low of 11555 . At the end banknifty found resistance near Daily and weekly JBNSAR of 12050 and 12035 respectively... On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels..

Today We shorted BANKNIFTY FUTURE (FEB MONTH ) @ 13030..  ONE LOT COVERED @ 12800  ,  THERE BY GAINED 230 POINTS IN ONE LOT  AND HOLDING 2ND LOT.

Yesterday we have taken long position @12640 spot (near weekly JBNSAR 12635)  in Banknifty and today one lot booked near resistance 12710 and another lot booked near resistance 12740-12760 zone... BANKNIFTY made a high of 12746.55  spot (till now)..

BANKNIFTY  : Banknifty yesterday tested the top of the wedge pattern around 12920 and we had taken the risk of shorting @12860  spot with stop loss of 12920  and today again shorted  around 12780 spot with` stop loss of 12835 .. One lot is booked with gain of 80 points and 2nd lot is holding with gain of 140 points as it went below all Agni /JBNSAR / CONJBNSAR LEVELS.. Status  : HOLD 2nd lot of Banknifty future Short. Pair Trade Call  : Today we booked profit in Axisbank and kotak bank around Rs.6000/-    Status :  HOLD ALBK AND VIJAYA BANK PAIR , AXISBANK AND KOTAKBANK PAIR.

BANKNIFTY  : Banknifty broken down the range of 12650-12850 and made a low of 12583. Yesterday we did risk of buying around support of 12650 but immediately reversed the trade once it broken 12650 and went short. In long trade we booked loss of 30 points and in Short trade we booked profit of 70 points in one lot and holding 2nd lot. Status  : HOLD Banknifty future Short. Pair Trade Call  :  HOLD ALBK AND VIJAYA BANK PAIR , AXISBANK AND YES BANK PAIR.

BANKNIFTY  : Banknifty Traded in very narrow range of  12688 to 12792...   resisted near the daily and weekly Agni levels @12805 and 12835 respectively. Status  : HOLD Banknifty future Short. Pair Trade Call  :  HOLD ALBK AND VIJAYA BANK PAIR , AXISBANK AND YES BANK PAIR.

BANKNIFTY  : Today most of the time Banknifty traded sideline between  12760 and 12800. It is getting resisted near the weekly Agni level of  12815. Status  :  2nd lot of BankniftY future Long booked with gain of 270 points.  Pair Trade Call  :  HOLD ALBK AND VIJAYA BANK PAIR , ICICI BANK AND BANKBARODA PAIR.

BANKNIFTY  : Today Banknifty  given a 200 points rally and we booked one lot of BNF with 84 points gain and 2nd lot holding with gain of   198 points Status  : HOLD 2nd lot of BankniftY future Long. Pair Trade Call  : Today brave heart booked profit of  Rs.3200/-  in ALBK AND IDBI PAIR. Status  : HOLD ALBK AND VIJAYA BANK PAIR , ICICI BANK AND BANKBARODA PAIR.

BANKNIFTY is trading near the top of the channel of a Flag pattern around 12600--12610. . and above that ' Rising Wedge Pattern ' resistance comes around 12730. .. Be cautious on higher levels as it is trading in a 'Rising Wedge Pattern' which is termed as reversal pattern in uptrend.... To read more on 'Rising wedge Pattern' go to link:  http://justbanknifty.blogspot.in/2012/12/banknifty-weekly-analysis-upto-28th-dec.html BANKNIFTY STATUS :  Yesterday our CONJBNSAR given long signal @ 12455 spot and today booked one lot with gain of   84 points and HOLD 2ND LOT .

BANKNIFTY :  Today Banknifty  traded below weekly JBNSAR 12315 and made a low of 12265.75 . Our CONJBNSAR given a short signal on 20th Dec 2012 . We booked one lot with gain of 50 points on day of entry itself and holding 2nd lot with gain of 132 points. Status :  HOLD 2nd Lot of BANKNIFTY FUTURE. PAIR TRADE CALL :  Today  ALBK AND ANDHRA BANK pair given profit upto Rs.3400/- and call was closed early because of Dec'2012 expiry near by.  Status : HOLD SBI AND ALBK PAIR

BANKNIFTY:  Banknifty was trading below Daily Agni/JBNSAR and weekly Agni level. Yesterday JBNSAR @12460 and our CONJBNSAR @12430 given short signal. We booked one lot yesterday itself with gain of 50 points and holding 2nd lot with gain of 145 points. Status : Hold 2nd lot of Banknifty Future. Pair Trade Call : Hold ALBK_ANDHRA PAIR , SBI_ALBK PAIR

Banknifty : Booked Long position of 18th Dec 2012 with 75 points gain and booked 1 lot of  Short position taken today with gain of 50 points . Status : Hold 2nd Lot of banknifty. Pair Trade Call : Hold ALBK_ANDHRA Pair and SBI_ALBK PAIR

BANKNIFTY :  Today after opening gap up banknifty was traded in tight range.  As the Daily Agni and JBNSAR levels @ 12400-12455  and Weekly Agni levels @12630 comes closer to each other , this type of range bound will continue.   Status : Still Holding Long position in banknifty 1 lot. Pair Trade Call : Holding SBI AND ALBK Pair , ALBK AND ANDHRA PAIR.

PAIR TRADE STATUS:  http://justbanknifty.blogspot.in/p/banking-stocks.html RECOMMENDATION       TOTAL    * DEC'12      NOV'12     OCT'12 TOTAL NO. OF CALL           26                6                    11              9 POSITIVE CALL                     23               5                     10             8 NEGATIVE CALL                     3                1                      1             1 ACCURACY %       ...

BANKNIFTY:   Today Banknifty achieved the target of inverse head and shoulder pattern :    http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html and got resisted near 12540 as indicated in pre market view. 2nd lot of BANKNIFTY booked @12500 near Daily Agni  Level of 12511.  There by given a gain of  300 points. BANKBARODA_CANARA BANK PAIR   : Today morning booked loss of 950 by closing the call as   Bankbaroda Future @843 and Canara bank Future @489. This call is closed as pair not moved as desired. Strategy Link and Password is 'JBN22' : http://justbanknifty.blogspot.in/2012/11/pair-trade-call-bankbarodacanara.html ================================ We will provide everything Entry , Exit and profit or loss update on your mobile. For details of Service offered,subscription charge and for free trial go to following link: http://justbanknifty.blogspot.in/p/service.html ...

Today have a watch on Daily Agni Leve l @ 12485 .  It is one of the important level to cross for further upmove. Though it is overbought but still  there is no weakness in trend.

Today Banknifty took the support near Daily JBNSAR @12185 and made a high of 12480.60 near Daily Agni level of 12485. Banknifty almost achieved the target of inverse head and shoulder pattern mentioned in today's pre market view There by given a gain of 300 pointssssss..... in a day... ================================ We will provide everything Entry , Exit and profit or loss update on your mobile. For details of Service offered,subscription charge and for free trial go to following link: http://justbanknifty.blogspot.in/p/service.html fill the contact form given in above link or email at   dare44uu@gmail.com There is no need to trade everyday... Trade Less Trade Smart...

Today Banknifty was facing three strong resistance after crossing down 11500 i.e. Day Agni , JBNSAR and CONJBNSAR at 11504 , 11482 & 11492 respectively... and fall down upto 11374 Short taken as per CONJBNSAR has still open as one has to keep filter of 0.6% on CONJBNSAR for 2 days so as to give a survival chance to CONJBNSAR TRADE.. CONJBNSAR has given big rally hence it is possible that it may give whipsaw..  Banknifty is consolidating...