Market Trend Lab

(SAVE NATURE, SAVE ANIMALS) Pair trade call for ALBK AND VIJAYABANK To view the strategy click here and enter password: 18av2013 =================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

(SAVE NATURE, SAVE ANIMALS) Today strategy given for   CANARABANK and FEDERALBANK  Pair SELL CANARABANK FUTURE @526 BUY FEDERAL BANK FUTURE @507.55 We booked profit today itself: CANARABANK FUTURE  @522 FEDERALBANK FUTURE  @506 BOOKED PROFIT  : Rs. 3225/- STATUS : CALL IS CLOSED =================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

(Daily chart : To enlarge click on chart) IMPORTANT POINTS FOR TRADING Banknifty is in 'Sell on Rise' mode. In above daily chart one can see the negative diversion in  MACD  which indicated well to be cautious at higher levels Where as  Stochastic  will confirm down move (bigger correction) once it breaks the black arrow. Now on downside only one support left to be broken and i.e. weekly JBNSAR level  @12545  and also one gap created on  31st Dec 2012 and 1st Jan 2013 i.e. 12512 to 12547.  Hence, further weakness will be below  12500  only   in panic . On upside banknifty has resistance around  12725 TO 12765 and above that 12835. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

(SAVE NATURE, SAVE ANIMALS) Today booked profit in   AXIS BANK and KOTAKBANK  Pair  (our 3rd call for same pair) AXISBANK FUTURE  @1400 KOTAKBANK FUTURE  @628 EXIT  RATIO  : 2.22 BOOKED PROFIT  : Rs. 3250/- STATUS : CALL IS CLOSED =================================== STRATEGY FOR  AXIS BANK AND KOTAKBANK GIVEN ON  16TH JAN 2013 To view the strategy click on following link and enter password : 16JBN2013 http://justbanknifty.blogspot.in/2013/01/pair-trade-call-axis-bank-and-kotak-bank.html ================================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

(Daily chart : To enlarge click on chart) IMPORTANT POINTS FOR TRADING After touching the top of the wedge Banknifty was in free fall...It is in 'Sell on Rise' mode In above daily chart one can see the negative diversion in MACD which indicated well to be cautious at higher levels Where as Stochastic will confirm down move (bigger correction) once it breaks the black arrow. Now on downside only one support left to be broken and i.e. weekly JBNSAR level @12545 and also one gap created on 31st Dec 2012 and 1st Jan 2013 i.e. 12512 to 12547. Hence, further weakness will be below 12500 in panic . On upside banknifty has resistance around 12765 and 12835. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

BANKNIFTY  : Banknifty yesterday tested the top of the wedge pattern around 12920 and we had taken the risk of shorting @12860  spot with stop loss of 12920  and today again shorted  around 12780 spot with` stop loss of 12835 .. One lot is booked with gain of 80 points and 2nd lot is holding with gain of 140 points as it went below all Agni /JBNSAR / CONJBNSAR LEVELS.. Status  : HOLD 2nd lot of Banknifty future Short. Pair Trade Call  : Today we booked profit in Axisbank and kotak bank around Rs.6000/-    Status :  HOLD ALBK AND VIJAYA BANK PAIR , AXISBANK AND KOTAKBANK PAIR.

(SAVE NATURE, SAVE ANIMALS) (AS THEY ARE BEAUTIFUL) PAIR TRADE CALL FOR AXIS BANK AND KOTAK BANK THIS IS OUR 3RD CALL FOR SAME PAIR To view the strategy click here and enter password : 16JBN2013 ======================================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY