Market Trend Lab

Today 2nd Nov. 2012: Brave hearT can book profit of 3500+ ICICIBANK @1081.50 and YESBANK @418.70 CURRENT PROFIT: 4175 CURRENT RATIO : 2.58 (ICICIBANK_YESBANK PAIR CALL CLOSED TODAY) ========================= strategy given on 1st nov. 2012 Now pair given a profit of  3000. .  ICICIBANK @1066  and YESBANK  @416 Brave heart can still hold the pair ========================== PAIR TRADE STRATEGY given: Buy ICICIBANK @1060  AND Sell YESBANK @417.50 Entry Ratio: 2.53&below TRGT Ratio : 2.60-2.65 S/L Ratio: 2.48 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** New Contact Enquires will get SMS service from Mon...

(Click to enlarge) IMPORTANT POINTS FOR TRADING In above Daily chart one can see that Banknifty is continuously making 'Flag Pattern' within a ascending triangle pattern (one can see 3 flag patterns). what is 'flag pattern'? for that one can read below link  http://justbanknifty.blogspot.in/2012/03/flag-pattern-banknifty-daily-chart.html#more   Flags are among the most reliable of continuation patterns and only rarely produce a trend reversal" This note on Flag pattern was given when banknifty made first flag pattern in above chart and since than uptrend is intact. Hence, two parallel lines of flag pattern act as support and resistance and one can trade accordingly till the time it is correcting within parallel lines and when it breaks out from resistance line new flag is made. Now ascending triangle is getting narrow. Today on downside banknifty is having a support at  11250  where as immediate resistance will be   11475-11495 zone. ...

BANKNIFTY: Today banknifty is facing a resistance near daily JBNSAR i.e. 11364. ICICIBANK_YESBANK: is still in profit of 3250 .... when ICICIBANK @1065 & YESBANK @415.50 .... Brave heart can hold the pair. 1. PAIR TRADE CALL IS GIVEN FOR TRADING IN FUTURE (DERIVATIVE CONTRACTS) 2. ALL RATES AND RATIOS ARE MENTIONED FOR FUTURE PRICE OF UNDERLYING. 3. WHENEVER THE STRATEGY IS GIVEN  FOR EG. FOR TODAY'S ICICIBANK_YESBANK PAIR STRATEGY ONE HAS TO BUY ONE LOT OF ICICIBANK FUTURE AND SELL ONE LOT OF YESBANK FUTURE SIMULTANEOUSLY...

Today morning pair strategy given for ICICIBANK_YESBANK: Now pair given a profit of 3000. .  ICICIBANK @1066 and YESBANK @416 Brave heart can still hold the pair ========================== PAIR TRADE STRATEGY given: Buy ICICIBANK @1060  AND Sell YESBANK @417.50 Entry Ratio: 2.53&below TRGT Ratio : 2.60-2.65 S/L Ratio: 2.48 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** New Contact Enquires will get SMS service from Monday onwards and will soon answer all mails till this sunday....Diwali bonanza offer is open till 15th Nov.2012... rush to join us and be benefited... Thanks for all your responses...**** )

PAIR TRADE STRATEGY Buy ICICIBANK @1060 AND Sell YESBANK @417.50 Entry Ratio: 2.53&below TRGT Ratio : 2.60-2.65 S/L Ratio: 2.48 ========================== Thanks for all your  overwhelming  response.. We have started free SMS service for 1 month... For getting timely Entry and Exit update for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================ (**** New Contact Enquires will get SMS service from Monday onwards and will soon answer all mails till this sunday....Diwali bonanza offer is open till 15th Nov.2012... rush to join us and be benefited... Thanks for all your responses...**** )

IMPORTANT POINTS FOR TRADING Banknifty has broken down from a triangle in a daily chart which indicates minimum fall upto  11000-10900.   Today on downside banknifty is having a support at 11190  more weakness will be only if it sustains below that where as immediate resistance will be   11350-11365. CONJBNSAR on 26th oct triggered a sell signal @ 11500 .  On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..