Market Trend Lab

(BANKNIFTY WEEKLY CHART) Banknifty is trading in falling wedge pattern (shown with black dotted lines). In above chart one can see that though banknifty broken the falling wedge pattern on down side by making lows but always closed the week near support line of wedge. Now in coming week   Wedge support and resistance comes around 8980 and 10300-10350 . Breaking of the Falling Wedge on upside will be bullish reversal followed by positive crossover by stochastic and MACD indicator . Next w eek our   weekly Agni and JBNSAR levels   are   9120  and  9480   respectively. On 5th Sep 201 3 our Weekly JBNSAR system given long signal @9450 and part booking is advised near 9800-10000 zone (gain of 400-500+ points) and balance shall be held till Weekly JBNSAR reverses. Our Previous  Weekly JBNSAR  system given Sell signal below  @11525  on 16th july 2013 (open gap down @ 11459)   and the same is reve...

Our weekly JBNSAR system has given Long/Buy signal @9450 on 5th sep 2013 .  One should part book (gain 350+ points now) between 9800-10000 zone and balance shall be held till Weekly JBNSAR reverses. Our previous short signal @11525 on 16th july 2013 has reversed @9450 with the gain of 2000+ point .

Banknifty is trading in falling wedge pattern. Now sustaining above 9000 level banknifty will try to move towards 9450 and than 9650. Whereas below 9000 level it may fall ulpto 8895---- 8710. For this  Week our   weekly Agni and JBNSAR levels   are   8710  and  9450   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. Note: To read more on  'Falling Wedge Pattern '  go to following link: http://justbanknifty.blogspot.in/2013/04/banknifty-weekly-analysis-and-fallling.html#more 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 WEEKLY CHART) Banknifty is making bearish candle in week timeframe (still 3 days to go). At present Banknifty is trading below all levels except weekly Agni level of 8820 and below this level more panic and it may fall upto 8600.  Above 8820 it will try to move towards 9200 .

This week Bears tried hard to pull down banknifty even below the support line of Falling Wedge but at the end bulls succeeded to close the week in green within the Falling Wedge Pattern . Next week Wedge support comes around 9150-9200 zone and on upside immediate resistance will be @9650 crossing the same will take banknifty to 9900-10070. For coming  Week our   weekly Agni and JBNSAR levels   are   8820  and  9685   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. Note: To read more on  'Falling Wedge Pattern '  go to following link: http://justbanknifty.blogspot.in/2013/04/banknifty-weekly-analysis-and-fallling.html#more On right side of blog,  Daily and weekly Agni/JBNSAR levels  ...

We have given pair trade call for ICICI BANK and AXISBANK   on 24th Aug 2013 : Buy AXISBANK future @970 Sell ICICIBANK future @862  we booked Profit  on 24th Aug 2013 as : AXISBANK @987  ICICIBANK @852  Booked profit :  INR 6750  Brave hearts booked profit as : AXISBANK @985  ICICIBANK @848  Brave hearts profit  : INR 7250 ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY

We have given pair trade call for Bharti and Idea  on 22nd Aug 2013 as: Buy  Bhartiartl future @300 Sell Idea future @160  we booked Profit  on 22nd Aug 2013 itself as : Bhartiartl @308 Idea @161 Booked profit :  INR 6000  Brave hearts booked profit as : Bhartiartl @315  Idea @162 Brave hearts profit  : INR 11000 ============================= For Steady Growth of Wealth 'Trade Less Trade Smart' WITH JUST BANKNIFTY