Market Trend Lab

(KEEP SMILING) TODAY AFTERNOON WE HAVE GIVEN  PAIR STRATEGY  FOR SRTRANSFIN AND RELCAPITAL AS : SELL SRTRANSFIN (APRIL MONTH)FUTURE  @710.80 BUY RELCAP (APRIL MONTH)FUTURE  @317.50 TODAY ITSELF BOOKED PROFIT AS: SRTRANSFIN FUTURE @708.75 RELCAP FUTURE  @321.50 BOOKED PROFIT:  INR 5025 OUR BRAVE HEARTS BOOKED PROFIT AS: SRTRANSFIN FUTURE @708 RELCAP FUTURE  @322 BOOKED PROFIT:  INR 5900 STATUS:  CALL IS CLOSED ================================ CLICK ON FOLLOWING LINK  TO CONTACT US http://justbanknifty.blogspot.in/p/contact_19.html JOIN US AT EALIEST.... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

(SAVE NATURE, SAVE BIRDS) TODAY MORNING WE HAVE GIVEN  PAIR STRATEGY  FOR HDFC AND IDFC AS : SELL HDFC (APRIL MONTH)FUTURE  @809 BUY IDFC (APRIL MONTH)FUTURE  @139.60 TODAY ITSELF BOOKED PROFIT AS: HDFC FUTURE @801.70 IDFC FUTURE  @141 BOOKED PROFIT:  INR 6450 OUR BRAVE HEARTS BOOKED PROFIT AS: HDFC FUTURE @803 IDFC FUTURE  @142.90 BOOKED PROFIT:  INR 9600 STATUS:  CALL IS CLOSED ================================ CLICK ON FOLLOWING LINK  TO CONTACT US http://justbanknifty.blogspot.in/p/contact_19.html JOIN US AT EALIEST.... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING In daily chart Banknifty has made one big  'Inverted Cup and Handle Pattern'   (shown in pink dotted lines)  which is a ' bearish pattern'. It has broken the joining lines of rim yesterday and which targets downfall till  11050-11100 . It has also broken down  Weekly Rising channel  support around  11350-11400... and if week also close below this level than overall trend will reverse to downward. Now immediate resistance for banknifty is  11350-11450 zone.  and support around   11185 below which it will fall upto 11050 On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels..

(SAVE NATURE, SAVE BIRDS) YESTERDAY WE HAVE GIVEN PAIR STRATEGY FOR BANKBARODA AND ORIENTBANK AS : SELL BANKBARODA FUTURE @703 BUY ORIENTBANK FUTURE @254 TODAY BOOKED PROFIT AS: BANKBARODA FUTURE @681 ORIENTBANK FUTURE @248.50 BOOKED PROFIT: INR 5500 STATUS: CALL IS CLOSED ================================ CLICK ON FOLLOWING LINK  TO CONTACT US http://justbanknifty.blogspot.in/p/contact_19.html JOIN US AT EALIEST.... 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING In daily chart Banknifty has made one big  'Inverted Cup and Handle Pattern'   (shown in pink dotted lines)  which is a ' bearish pattern'. It has broken the joining lines of rim yesterday and which targets downfall till 11050-11100 . It has also broken down Weekly Rising channel support around  11350-11400... and if week also close below this level than overall trend will reverse to downward. Now immediate resistance for banknifty is  11350-11400 zone.  and support around  11185. On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels..

IMPORTANT POINTS FOR TRADING In daily chart Banknifty has made one big  'Inverted Cup and Handle Pattern'   (shown in pink dotted lines)  which is a ' bearish pattern'. It is interesting to watch whether it breaks the joining lines of rim or not by closing below it. Banknifty is near very important support zone which comes around 11350-11400. This support zone is important because its weekly rising channel support and expecting minor bounce back from here otherwise it will create another round of  sharp panic in market.  Banknifty staying below  Weekly JBNSAR   11910  our first target was 11585  and after that more panic upto  11400  level which was achieved yesterday. Now immediate resistance for banknifty is 11585-11640 zone.  and support around 11350-11400. On right side of blog,  Daily and weekly Agni/JBNSAR levels  are mentioned they act as important support/ resistance levels..

TODAY IS 'EVENT BASE TRADING DAY' AS RBI IS TO REVIEW ITS MONETARY POLICY FOR RATE CUT . TODAY EXPECTING HIGH VOLATILITY AND POLICY RESULT WOULD BE TREND DECIDER FOR BANKNIFTY. BANKNIFTY IS WEAK  BELOW 'WEEKLY JBNSAR' 11910 AND WILL MOVE TOWARDS 11585 AND MORE PANIC IF IT BREAKS THAT LEVEL TOO.