Market Trend Lab

IMPORTANT POINTS FOR TRADING Banknifty has made 4th Flag Pattern inside a rising wedge. It is in a consolidation mode with the range of 12200 - 12600. MACD crossed down and suggest 'Sell on Rise'. On upside immediate resistance will be around  12550-12600 zone  and above that  12690. On downside immediate support comes around  12350-12390 . And below 12350 it may slid upto 12250 in panic. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

(Save Nature, Save Animals) PAIR TRADE CALL : ALBK AND IDBI BANK : TO VIEW THE STRATEGY ENTER PASSWORD : 2012idbi

(Save Nature , Save Animals) PAIR TRADE CALL FOR ALBK AND VIJAYA BANK TO VIEW THE STRATEGY ENTER THE PASSWORD : albkvb25 ==================================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING Banknifty took the support near weekly JBNSAR 12315 and may revisit the resistance zone of 12540-12590. MACD & stochastic also crossed down and suggest 'Sell on Rise'. On downside immediate support comes around  12400-12450 . And below that  12300. On upside immediate resistance will be around  12590 and above that 12690. Today is Dec'2012 Expiry, trade with caution. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY  :  Today Banknifty  took the support from weekly JBNSAR  12315  and made a high of  12519 . We booked 2nd lot  of Dec'2012 Future with gain of  100 points. Today also booked loss of 60 points in JAN'2013 FUTURE. Status  :  HOLD one Lot of BANKNIFTY Jan'2013 FUTURE. PAIR TRADE CALL  :   HOLD SBI AND ALBK PAIR

IMPORTANT POINTS FOR TRADING Banknifty has turned to weak as trading below Daily Agni/JBNSAR and Weekly Agni level. Right now it is trading near Weekly JBNSAR Level @12315 . MACD & stochastic also crossed down and suggest 'Sell on Rise'. On downside below 12315 support comes around  12200-12230 . And break below 12200 will take to   12115--12100 . On upside immediate resistance will be around  12370-12410 zone. Dec'2012 Expiry is near by , trade with caution. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..