Market Trend Lab

(Banknifty Weekly Chart) After breaking the falling wedge on upside, Banknifty came back into the  'Rising Channel'  and than it was on fire. Now one can see in above weekly chart one big triangle formation (shown with black lines) of which resistance comes around 12960 and breaking of  which will open doors for 13300 levels Our  Weekly JBNSAR / Agni level also  suggest that above 12490 Banknifty will be strong and will try to move towards 13300 level.   Whereas below 12450 it will be weak and fall upto 12150---11800 Our  Weekly JBNSAR  generated long signal  @ 11371 .  On right side of our blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support/ resistance levels..

ENTRIES ARE OPEN  FOR 'PAIR TRADING' MEMBERSHIP FOR THE MONTH OF  MAY'2013 HIGH LIGHTS OF OUR PAIR TRADING STRATEGY: OUR ACCURACY RATIO IS  92% AVERAGE NET PROFIT PER PAIR IS INR.3500 AFTER APPLYING OUR PAIR TRADE STRATEGY SUCCESSFULLY  TO BANKING SECTOR, NOW  WE HAVE ALSO INCLUDED NEW SECTORS  LIKE IT , FINANCE, CEMENT ETC..  FROM THIS MONTH WE WILL ALSO GIVE  JACKPOT PAIR TRADE CALL WHERE ONE CAN TRADE IN MORE LOTS FOR  SURE SHOT HIGHER PROFIT.  FULL ONLINE SUPPORT DURING MARKET HOURS. OUR PERFORMANCE TILL DATE MONTH WISE: CLICK THE FOLLOWING LINK TO VIEW  DETAIL PERFORMANCE IN PAIR TRADING: http://justbanknifty.blogspot.in/p/banking-stocks.html CLICK ON FOLLOWING LINK  TO CONTACT US: http://justbanknifty.blogspot.in/p/contact_19.html JOIN US AT THE EARLIEST... FOR STEADY GROWTH OF WEALTH 'Trade Less Trade Smart' WITH JUST BANKNIFTY

WE HAVE GIVEN STRATEGY FOR CANARA BANK AND YESBANK ON  3RD MAY 2013  AS: SELL YES BANK FUTURE @496 BUY CANARA BANK FUTURE @396.40 TODAY  WE BOOKED PROFIT AS: YES BANK FUTURE @500 CANBK FUTURE @408 BOOKED PROFIT :  INR 3800 OUR BRAVE HEARTS BOOKED PROFIT AS: YES BANK FUTURE @506 CANBK FUTURE @420 BOOKED PROFIT :  INR 6800 STATUS: CALL IS CLOSED ================================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

IMPORTANT POINTS FOR TRADING Banknifty has formed the flag pattern in daily time frame after coming back into the channel. Its support and resistance comes around  12350 and 12850  respectively. Above weekly agni level of  12810  and flag resistance of  12850,  banknifty will be strong to move towards  13000+  level . It will be weak only below weekly JBNSAR level of  12160.  (Weekly JBNSAR given Long signal  @11371 ) On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support/ resistance levels..

IMPORTANT POINTS FOR TRADING Banknifty has formed the flag pattern in daily time frame after coming back into the channel. Its support and resistance comes around 12350 and 12850 respectively. Today above weekly agni level of 12810 and flag resistance of 12850, banknifty will be strong to move towards  13000+ level . It will be weak only below weekly JBNSAR level of 12160. (Weekly JBNSAR given Long signal @11371 ) On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support/ resistance levels..

WE HAVE GIVEN STRATEGY FOR AXIS BANK AND ORIENTBANK ON 2ND MAY 2013  AS: SELL AXIS BANK FUTURE @1524.50 BUY ORIENTBANK FUTURE @262 TODAY  WE BOOKED PROFIT AS: AXIS BANK FUTURE @1480 ORIENTBANK FUTURE @257 BOOKED PROFIT :  INR 6125 STATUS: CALL IS CLOSED ========================================= TODAY WE HAVE GIVEN STRATEGY FOR AXISBANK AND CANARA BANK AS:  SELL AXIS BANK FUTURE @1500 BUY CANBK FUTURE @404.50 TODAY  ITSELF BOOKED PROFIT AS: AXIS BANK FUTURE @1476 CANBK FUTURE @404 BOOKED PROFIT :  INR 5750 STATUS: CALL IS CLOSED ================================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

Current Position is Governor of RBI Today NO TECHNICAL OR NO ANALYSIS will work... Only RBI policy will govern the market... Today just keep your eye on 12600-12620 Levels below which it can slip to 12200  and than 11800.. whereas above 12600-12620 level Banknifty will be strong and will move towards 12900 and than doors are open for 13300 level.