Market Trend Lab

Banknifty is downtrending in week timeframe with  MACD  crossed down. It is falling in very steep channel from its all time high@13414 and closed near 38.2% retracement level @9850-9870 zone. All most 10 weeks from the high and still no sign of recovery. Banknifty is highly oversold in week timeframe hence, one should be cautious in initiating fresh short. In coming week , upside resistance @10450-10550 zone and strong resistance of 100WMA@10750 whereas on downside  below 9850 will slip upto 9640 . For coming  Week our  weekly Agni and JBNSAR levels   are  10160  and  10790  respectively. Our  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459).  Part booking was advised near  11000  and balance shall be held till it reversed by weekly JBNSAR. On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned ...

Banknifty is downtrending in week timeframe with  MACD  crossed down. It has closed well below  100 WMA @10730-10750  and also below  50% retracement level @10500-10530 zone . For coming  Week our  weekly Agni and JBNSAR levels   are  10720  and  11150  respectively. In coming week banknifty will face strong resistance around 10720-10800 zone.  Whereas  staying below  10500-10550  will slip upto  10000-----9800 levels . We expect coming week will be highly volatile due to key events specially RBI monetary policy review on Tuesday. Our  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459).  Part booking was advised near  11000  and balance shall be held till it reversed by weekly JBNSAR. On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important s...

We have given pair trade call for UNION BANK and IDBI    for July future  on 3rd/4th July 2013 : Sell  IDBI July future @70 .50 (3rd July 2013) Buy UNION BANK july future @174 (4TH JULY 2013)  we booked profit as : UNION BANK July future  @150 (on 24th July 2013) IDBI July future @70 (On 25th July 2013) Sell again IDBI Aug future (rollover) @68.20 (on 25th july 2013) IDBI Aug future closed @ 62 (on 30th July 2013)  AND  Brave hearts closed IDBI Aug future @61.5 (30th July 2013) Booked profit :  INR 2800 Brave hearts profit : INR 4800 ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

 We have given pair trade call for ALBK and ANDHRA BANK    for July future  on 27th June 2013 : Sell  Andhrabank (1 Lot) July future @73.55 Buy ALBK (2 lots) july future @88.95  we booked profit as : Albk (2 lots)July future  @92 (on 3rd July 2013) A gain bought ALBK (1 LOT) @90.55 (On 9th July 2013) Exit from ALBK (1 lOT) @83 (On 24th July 2013) Exit Andhra bank July future @74.85 (on 25th July 2013) Sell Andhra August future (Rollover)@75.60 (on 25th july 2013) Andhrabank August future closed @ 73.05 (on 26th July 2013) Booked profit :  INR 2100 (Note :  In this pair we applied rescue strategy to exit atleast cost to cost or with minimum loss... Because  Andhrabank has declared dividend of Rs.5/- and before declaring dividend andhrabank future was in discount of Rs. 4 to 5 as compared to its cash price and after declaring dividend cash price came down but future  price remain same. And because of ...

(Banknifty Weekly Chart) Banknifty is downtrending in week timeframe with MACD crossed down. From last 4 week banknifty is resisted by 50 Week Moving Average. Now in coming week one has to observe the support of 100 WMA @10730-10750 . Below this level one can expect a fall upto 50% retracement level around 10500-10530 zone . For coming Week our weekly Agni and JBNSAR levels   are  11160  and  11440  respectively which suggest that banknifty holding  11160--11200  will try to move towards  11440 Whereas  staying below Weekly Agni/JBNSAR it will be weak and may slip upto 10730-----10500 . Our  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459).  Part booking is advised near  11000  and balance shall be held till it reversed. On right side of blog,  Daily and weekly Agni/JBNSAR levels   are mentioned they act as important ...

Banknifty is downtrending.  Now on downside it is having one strong support of  10730 and upside immediate resistance will be 11130 and than strong resistance zone of 11305--11430. Our  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459). Part booking is advised near 11000 and balance shall be held till it reversed.

Banknifty is turned into downtrend in Day timeframe and is in 'sell on rise' in week timeframe. On downside Banknifty is having support around  11130--11000 zone.  More panic only below this levels. and upside resistance near 11525-11600 zone. Our  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459). (Our  Weekly JBNSAR  system given long signal  @11580 on 11th july 2013 and made a high of 11812  there by  resisted near the resistance zone of 11750-11940 zone. Part Booking was adviced near this resistance zone ( gain of 200+ points) and balance reversed on 16th july 2013 @ 11450 ( loss of 130+ points) (Our short signal of 30th May 2013 @12820 reversed on 11th July 2013 @ 11580. There by  Weekly JBNSAR given gain of  1240 points).