Market Trend Lab

STOCK PAIR TRADE STRATEGY PERFORMANCE BANKNIFTY PERFORMANCE 

(weekly Chart) (click on chart to enlarge) The week is ended in red by closing at 12606. In our previous post on weekly analysis on 27th Jan 2013 we have mentioned the level of resistance around 12980.. 12130 and support around 12570--12600.   Link is given below: http://justbanknifty.blogspot.in/2013/01/banknifty-weekly-update.html This week banknifty made high of  12960.65  and low of  12580.85  near the levels mentioned by us. In above weekly chart one can see the channel and rising wedge pattern. Banknifty is trading within the wedge by respecting its support and resistance lines.  For next week channel top and wedge top resistance

(Save Nature, Save Animals) PAIR TRADE CALL FOR PNB AND ANDHRA BANK TO VIEW THE STRATEGY CLICK HERE AND  ENTER PASSWORD : pnbfeb2013 ======================= 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 trading in a  Rising Wedge Pattern..  and its support line comes around   12650-12670. Banknifty is trading in a narrow range of  12650-12875  and which   needs to be broken decisively for further direction. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

TODAY BRAVE HEARTS EXITED FROM ALBK AND VIJAYA BANK PAIR  COST TO COST ALBK FUTURE @163 VIJAYA BANK FUTURE @59.70 BOOKED PROFIT : 0 STATUS : CALL IS CLOSED  ========================= TO VIEW THE STRATEGY OF ALBK AND VIJAYA BANK CLICK ON FOLLOWING LINK AND ENTER PASSWORD: albkvb25 http://justbanknifty.blogspot.in/2012/12/pair-trade-call-albk-and-vijaya-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 Banknifty is trading in a  Rising Wedge Pattern.. and its support line comes around 12650. Today immediate resistance will be  12840-12875. On downside   important support of  12650-12690 zone  and below which it will be weak. Banknifty range of 12650-12875 needs to be broken decisively for further direction. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

(Daily chart : To enlarge click on chart) IMPORTANT POINTS FOR TRADING Banknifty is trading in a  Rising Wedge Pattern.. within a channel  and yesterday it resisted near the top of the channel @12980. Today immediate resistance will be 12765  and   above this next resistance will be weekly Agni level @12875 . On downside   immediate support will be 12690  and thereafter important support of  12620  and below which it will be weak. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..