Market Trend Lab

Banknifty above all levels of Daily and Weekly Agni/JBNSAR levels will be strong. Our Weekly JBNSAR system given long signal @11580 on 11th july 2013.  (Our short signal of 30th May 2013 @12820 reversed on 11th July 2013 @ 11580. There by  Weekly JBNSAR given gain of  1240 points) On upside above 11750 next resistance will be 11940 .  On Downside it is having good support around 11270-11360 zone.

Banknifty is downtrending in week time frame and day timeframe also. Last week banknifty got sold off near weekly JBNSAR level of 11780 once again. (last week high was 11752 ). This week Agni and JBNSAR levels are 10950 and 11580 . Breaking of either side will decide the trend till than expect a side ways in a range of 10950-11000 to 11580-11650. Our weekly JBNSAR level given sell signal @12820 on 30th May 2013. On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support / resistance levels.. Positional traders should trade with weekly JBNSAR.

Banknifty is downtrending in week time frame with MACD crossed down.  Our Weekly Agni and JBNSAR levels are 11085 and 11780 respectively which suggest that banknifty holding 11000--11100 will try to move towards 11780-11850 . Banknifty will be strong if sustains above    11780-11850 zone and will zoom up to the 12000-12300. whereas below weekly JBNSAR it will be weak and slip upto 11340---11100---11000 levels. Our  weekly JBNSAR  given sell signal  @12820  on  30th May 2013 . On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support / resistance levels.. Positional traders should trade with weekly JBNSAR.

We have given pair trade call for SBIN and IDBI   FOR JULY FUTURE  (This was JACKPOT CALL) on 27th july 2013 as : Sell SBIN future @1925 Buy IDBI  future @67.50 Today  Our Brave hearts   booked profit as : SBIN future @1964 IDBI future @71.25 Booked profit :  INR 10125 ============================= Today we have given  pair trade call for SBIN AND ALBK  as: Sell SBIN future @1946.50 Buy ALBK  future @87.20 We booked profit as: SBIN future @1950 ALBK future@89.20 Booked profit: INR 3562.50 Today  Our Brave hearts   booked profit as : SBIN future @1960 ALBK future @90.55 Booked profit :  INR 5012.50 =============================== For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

Banknifty is downtrending in week timeframe whereas there is a pause on downtrend in daytimeframe. It is highly oversold and expect a relief rally. Today above  11165  it can move towards  11340--- 11440  which will be strong resistance zone for the day .  Whereas on downside below 11165 it can slide upto  11100----11000---10700. Our  weekly JBNSAR  given sell signal  @12820  on  30th May 2013 . Part booking was advised near support zone of  11900-12200 . and balance is held with trailing stop loss. On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important support / resistance levels.. Positional traders should trade with weekly JBNSAR.

Today We have given pair trade call for SBIN and IDBI   FOR JULY FUTURE as : Sell SBIN future @1925 Buy IDBI  future @67.50 Today we booked profit as : SBIN future @1920 IDBI future @69 Booked profit :  INR 6625 Our Brave hearts  still HOLDING ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

We have given pair trade call for IDFC and PFC  on 21st june 2013 as : Buy PFC future @148.30 Sell IDFC future @136.80 Today we booked profit as : PFC future @141.50 IDFC future @128 Booked profit :  INR 4000 Our Brave hearts booked profit as: PFC future @139 IDFC future @125 Booked profit :  INR 5000 ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY