Market Trend Lab

Today our subscribers booked profit in AXIS_ICICI PAIR between 5000 to 7500 AXIS BANK DEC FUTURE @ 1307 & ICICI BANK DEC FUTURE @ 1104 CURRENT PROFIT : 7512 CURRENT RATIO : 1.18 (Target Achieved) STATUS: CALL IS CLOSED ========================= Strategy for AXIS_ICICI given on 26th Nov 2012 http://justbanknifty.blogspot.in/2012/11/pair-trade-call-axisicici-bank.html PASSWORD OF LINK IS : JBN776 ========================== There is no need to trade everyday... Trade Less Trade Smart... 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

PAIR TRADE CALL FOR BANKBARODA AND CANARA BANK : TO VIEW ENTER PASSWORD : CANARA22

(click on chart to enlarge) IMPORTANT POINTS FOR TRADING Banknifty broke out from flag channel with MACD positve crossing. One can see in above chart the correlation between MACD crossing and flag formation and breakouts. Blue circle on MACD and Flag pattern shows the starting of formation of flag and whereas red circle shows the consolidation within the flag channel. In above chart one can see 3 complete flag patterns and 4th pattern is forming with MACD positive crossing.  For more information on flag pattern one can read  the given link http://justbanknifty.blogspot.in/search/label/FLAG%20PATTERN On downside banknifty is having a good support around  11450-11500 zone. On upside immediate resistance will be around  12300-12350. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY : Today banknifty closed with gain of 335 points. Banknifty always have strength when it moves above weekly and Daily AGNI / JBNSAR LEVELS. And today MACD also gave Positive crossing  in daily chart. We booked 2ND lot of November future with gain of 400+ points being the expiry day. In November we manage to gain 933 points in BANKNIFTY through CONJBNSAR method which is  capable of capturing big moves.

BANKNIFTY : CONJBNSAR given a long signal on 27th NOV 2012. One lot booked on same day with profit of 100 points . One can book 2nd lot above 11800 as 11875 might act as a strong resistance for today and today is the day of expiry. Keep your eye on 11875 ... as its a strong resistance.

IMPORTANT POINTS FOR TRADING Banknifty broke out from flag channel. but yet MACD has not given a positive signal. ADX is also not showing any strong trend. On downside banknifty is having a good support around  11390-11450 zone. On upside immediate resistance will be around  11720  and thereafter strong resistance around 11875 . On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..