Market Trend Lab

CONJBNSASR triggered buy signal on 18th Oct 2012,  @11425 ...(spot value) ... one lot of BANKNIFTY  booked with gain of 100 points yesterday...and 2nd lot is   still open as one has to keep filter of 0.6% on CONJBNSAR (i.e. for today  11390 as stop loss ) for 2 days so as to give a survival chance to CONJBNSAR TRADE..  *** Hold 2nd lot till the CONJBNSAR gives reversal signal****

Buy 1 LOT OF SBI @  2276   AND  Sell 1 LOT OF Bankbaroda@ 811 ... CURRENT PRICE RATIO :  2.806 TARGET RATIO :  2.90-----2.95 STOP LOSS RATIO:  2.74 *** For timely Entry and Exit plz give ur mail and contact no at dare44uu@gmail.com........ Pair trading dairy one can see under 'Banking stocks' tab above... updated daily after trading hours... 'Pair trading strategy' one can read on left side of blog under 'reading gem'  *****

CONJBNSASR triggered buy signal today  @11425 ...(spot value) Now b ook one lot of BANKNIFTY  between 11500-11550 (Spot value) being resistance zone  (High made till now  11510 )  thereby given a gain of 75 +  points......  *** Hold 2nd lot till the CONJBNSAR gives reversal signal****

IMPORTANT POINTS FOR TRADING Banknifty is trading in a broad range of  11250 to 11550. Banknifty is trading in a triangle pattern within the channel.. breakout and breakdown level is 11420 and 11315 . CONJBNSAR for 18th oct 2012 is  11425. If it triggers than buy signal will be generated.  In daily chart Banknifty has made inverse head and shoulder pattern and also broken the neck line which gives target of  12500  in medium term.

17th OCt 2012 closing update of pair SBI_ALBK, SBI future closed @ 2223.60 and ALBK future closed @ 138.60 Current price ratio : 16.04   Pair profit : 4725 Target Ratio given : 16----15.90 also achieved during the market hours.. ======================== Today 17th oct , SBI future CMP @ 2235  and  ALBK future cmp @ 139 current price ratio : 16.07 Current Profit of Pair : 3850 one can book 3000+ profit in this pair  =========================================================== On 16th Oct 2012, pair strategy given was:-  Sell 1 LOT OF SBI @  2239   AND  BUY 1 LOT OF ALBK @  137.2 .... CURRENT PRICE RATIO :  16.31 TARGET RATIO :  16.00-----15.90 STOP LOSS RATIO:  16.53