Market Trend Lab

IMPORTANT POINTS FOR TRADING Banknifty has closed above  100DEMA & 2 00DEMA . On upside immediate resistance  comes around  10362 and there after 10460. on downside it has good support of  10130-10140 and after that 10070 . CONJBNSAR triggered a buy signal at  10075 on 11th sep 2012 . Banknifty may have rally due to strong uptrend in global market.

IMPORTANT POINTS FOR TRADING Banknifty has closed above  100DEMA & 2 00DEMA    which comes around  10150 & 10070  respectively. Its important to sustain above this for further upmove. So on downside it has good support of  10075 and after that 10005 . On upside immediate resistance  comes around  10225-10275  and thereafter  10362 .  pattern. CONJBNSAR triggered a buy signal at  10075 on 11th sep 2012 .

CONJNSAR triggered buy signal yesterday at 10075..   and minimum two lots traded... today banknifty made high of 10223 .. there by given a gain of 148 pointsssssssss.... One lot should be booked at profit of 100 points and other lot should be hold till the CONJBNSAR reverses.... *** Banknifty is facing resistance near weekly JBNSA R  10216 ****

IMPORTANT POINTS FOR TRADING Banknifty is trading between two very strong EMA i.e.   100DEMA & 2 00DEMA    which comes around  10145 & 10065  respectively. Its important to sustain above this for further upmove. So on downside it has good support of  10010 . On upside immediate resistance  comes around  10200-10216 and thereafter 10360 . Banknifty has created a of gap of   89  points   (9947 to 10036)   after making bullish harami candlestick pattern. CONJBNSAR triggered a buy signal at 10075 yesterday.

IMPORTANT POINTS FOR TRADING Banknifty is trading between two very strong EMA i.e.   100DEMA & 2 00DEMA    which comes around  10155 & 10060  respectively. Its important to sustain above this for further upmove. Banknifty has created a of gap of 89 points (9947 to 10036) after making bullish harami candlestick pattern. So on downside it has good support of 10035 and there after 9945 . On upside immediate resistance  comes around  10115  and than  10190.

IMPORTANT POINTS FOR TRADING Banknifty closed below two very strong EMA i.e.   200DEMA &  100DEMA   which comes around 10065 & 10145 respectively. Yesterday banknifty has made a ' bullish harami candlestick pattern' which is a reversal pattern and needs follow up confirmation. On upside immediate resistance  comes around  10035-10065 zone and than 10130-10150 zone. Banknifty is breaking every contracting triangle patterns one by one and now last one more triangle support comes around  9740. Banknifty is weak as long as it stays below 100 & 200 DEMA and weekly agni level & JBNSAR  levels  10208-10276. Banknifty is highly oversold in Daily chart and might give a rally. BULLISH HARAMI CANDLESTICK PATTERN

IMPORTANT POINTS FOR TRADING Banknifty closed below two very strong EMA i.e.  100 DEMA & 200DEMA. Banknifty is breaking every contracting triangle patterns one by one and now last one more triangle support comes around 9740   breaking and closing below 9740 will bring deeper correction. On upside immediate resistance  comes around 9950-9980. Banknifty is weak as long as it stays below 100 & 200 DEMA and weekly agni level & JBNSAR  levels  10208-10276. Banknifty is highly oversold in Daily chart. NOTE :   VERY SOON INCORPORATE A STRATEGY FOR CONSERVATIVE TRADE FOR THE ONE  WHO DONT WANT TO TRADE INTRADAY BUT TO HOLD FOR A SHORT PERIOD.