Market Trend Lab

BANKNIFTY : During the market hours updated to book 2nd lot of long position at 11560 with gain of 120 points.  CONJBNSAR for today is  11460  ant it has triggered a sell signal. 

BANKNIFTY:  Next week being Diwali holiday for 2 trading days in market, One may choose to book 2nd lot of banknifty with gain of 120 points. Right now banknifty spot 11560 ANDHRA_IDBI PAIR : Hit the stop loss ratio and exited from pair with loss of 6900/- Andhra Bank @108.15 and IDBI @107.90

IMPORTANT POINTS FOR TRADING Banknifty has made three flag patterns in a ascending triangle but now ascending triangle is getting narrow hence, it might be a strong hurdle for upmove. Banknifty has given a breakout from channel of flag pattern. On upside it has resistance near  11750-11830 zone  and on downside it has support around  11520-11535  and another support comes around  11430-11450 zone . ADX indicator is suggesting no trend hence banknifty might be a range bound. CONJBNSAR on 2nd Nov triggered a Buy signal @ 11440.  For today CONJBNSAR is  @11460  and if it triggers than sell signal will be generated. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. ========================== For the benefit of all readers , 'FAQ on pair trade' is added one can click on FAQ tab just below the bog title 'JUST BANKNIFTY'  above or the given following link:...

BANKNIFTY: given a buy signal @11440 on 2nd Nov 2012 as per CONJBNSAR. 1ST Lot booked with 100 points gain on 6th Nov 2012... and still holding 2nd lot with current gain of 173 points (11613.55). ANDHRA_IDBI PAIR:  still holding with current loss of  3600. .. Futures of Andhra Bank  @ 109.50 and IDBI @107.60.

(click to enlarge) IMPORTANT POINTS FOR TRADING Banknifty has made three flag patterns in a ascending triangle but now ascending triangle is getting narrow hence, it might be a strong hurdle for upmove. Banknifty breakout from channel of flag pattern. On upside it has resistance near 11830 and on downside it has support around  11520-11535 and another support comes around  11430-11450 zone . CONJBNSAR on 2nd Nov triggered a Buy signal @ 11440.  For today CONJBNSAR is  @11445  and no need of filter. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

  Thanks for all your  overwhelming  response  to our pair trade strategy.. Pair trading strategy is one of the reliable strategy for earning consistent profit in all market situation  if it is followed with accurate entry and stop loss keeping in mind. 13 DAYS ARE LEFT NOW TO JOIN US WITH DISCOUNTED SUBSCRIPTION CHARGES HURRYYYYYYYYYY AND JOIN US BEFORE 20TH NOV. 2012 For getting Free trial for pair trade Plz fill the contact form given in below link: http://justbanknifty.blogspot.in/p/contact_19.html ============================================================