Market Trend Lab

(save birds,save nature) PAIR TRADE CALL FOR LICHSGFIN AND RELCAP SELL LICHSGFIN FUTURE @235 BUY RELCAPITAL FUTURE @366.05 WE BOOKED PROFIT TODAY ITSELF LICHSGFIN FUTURE @237.50 RELCAPITAL FUTURE @371 BOOKED PROFIT OF PAIR: Rs.2450 BRAVE HEART BOOKED PROFIT AS BELOW: LICHSGFIN FUTURE @237.90 RELCAPITAL FUTURE @374.30 BOOKED PROFIT OF PAIR : Rs.5350

IT IS HIGHLY OVERSOLD AND LIKLY TO BOUNCE.. MAJOR SUPPORT FOR BANKNIFTY IS 11250 BEING RISING CHANNEL SUPPORT LINE AND 11185 BEING 61.8% RETRECEMENT LEVEL OF RANGE 13300 TO 7766.

IMPORTANT POINTS FOR TRADING Banknifty is in downtrend after breaking down the  rising wedge pattern  in both day and week time frame. There is no sign of trend reversal so far.. On upside Banknifty immediate resistance is around  12050-12075  and on downside support is  11750 . It is highly oversold and we expect some pull back rally on upside...  On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. ============================== NOTE : 1. We soon reply all pending mails... till this sat and sunday. 2. We will also update our 'Pair trade diary' and 'Banknifty Diary' till this sat and sunday 3.We have Started posting positional stock ideas  on our new blog 'JUST BANKNIFTY-STOCK IDEAS' (To view our new blog click on below title) JUST BANKNIFTY - STOCK IDEAS ==============================

IMPORTANT POINTS FOR TRADING Banknifty is in downtrend after breaking down the  rising wedge pattern  in both day and week time frame. On upside Banknifty immediate resistance is around  12135  and on downside support around  12000-12050 zone . below this level it can slide upto  11900 and 11750  in panic. On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels.. ============================== We have Started posting positional stock ideas on our new blog 'JUST BANKNIFTY-STOCK IDEAS' (To view our new blog click on below title) JUST BANKNIFTY - STOCK IDEAS ==============================

IMPORTANT POINTS FOR TRADING Banknifty is in downtrend after breaking down the  rising wedge pattern  in both day and week time frame. On upside Banknifty has resistance around 12225  and on downside has support around  12000-12050 zone . below this level it can slide upto 11900 and 11750 in panic. For weekly analysis click on following link:  http://justbanknifty.blogspot.in/2013/02/banknifty-weekly-analysis.html On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..

============================== From Today we will post positional stock ideas on our new blog (To view our new blog click on below title) JUST BANKNIFTY - STOCK IDEAS ==============================

(weekly chart) (click on chart to enlarge) Banknifty in 'Rising Wedge Pattern' (shown in pink colour)   made a high of 12960.65 and after breaking down the pattern made a low of 12024  till date.  Weekly MACD & Stochastic both are crossed down. Now next week 12015  and 12115 is important support zone and below which  it will be weak and may slide upto  11900  and in panic upto  11750. In above chart , One can see Rising channel (shown in Green colour)   and its support line comes around 11200 which will act as major support . Banknifty above 12115 may give pull back rally but it will have strength only above 12350 . ============================== We are back after a long holiday... Coming soon positional stock ideas on  'JUST BANKNIFTY' ============================== There is no need to trade everyday... 'Trade Less Trade Smart' WITH JUST BANKNIFTY