Market Trend Lab

Today have a watch on Daily Agni Leve l @ 12485 .  It is one of the important level to cross for further upmove. Though it is overbought but still  there is no weakness in trend.

IMPORTANT POINTS FOR TRADING In Daily chart another Flag Pattern is developing and ADX indicator is about to give a strong signal for current trend. On downside immediate support is 12230-12270 zone and below that 12100 is another good support for banknifty. On upside immediate resistance will be around  12540-12580 zone and above that it can move towards 12700. In Weekly chart banknifty has made two inverse head and shoulder pattern of which target is  12500  and in long term it targets  14500 . For detail analysis one can read a post link given below:  http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

Today Banknifty took the support near Daily JBNSAR @12185 and made a high of 12480.60 near Daily Agni level of 12485. Banknifty almost achieved the target of inverse head and shoulder pattern mentioned in today's pre market view There by given a gain of 300 pointssssss..... in a day... ================================ We will provide everything Entry , Exit and profit or loss update on your mobile. 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 There is no need to trade everyday... Trade Less Trade Smart...

IMPORTANT POINTS FOR TRADING In Daily chart another Flag Pattern is developing. 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 Weekly chart banknifty has made two inverse head and shoulder pattern of which target is 12500 and in long term it targets 14500 . For detail analysis one can read a post link given below:  http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html On downside banknifty is having a good support around  12000 zone. On upside immediate resistance will be around  12485-12500. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

PAIR TRADE CALL FOR SBI AND ALBK PAIR : TO VIEW ENTER PASSWORD

FDI vote in Lok Sabha: Confident UPA says it has the numbers (courtesy to INDIATODAY.IN) Read more at: http://indiatoday.intoday.in/story/fdi-in-retail-upa-government-opposition-parliament-sp-bsp-trinamool/1/235966.html IMPORTANT POINTS FOR TRADING Immediate support for Banknifty comes around 12000 and below that another support around  11900-11950 zone. On upside immediate resistance will be around  12340. Banknifty has made a small inverse head and shoulder pattern and of which target is  12500 . On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..  EVENT BASE TRADING DAY : Today vote on FDI in Loksabha