Market Trend Lab

TRADES FOR 10TH MARCH 2016 Name BUY/SELL LOT SIZE ENTRY RATE BOOKED PROFIT ADANIPORTS SELL 1600 228 225 4800 BAJAJ-AUTO SELL 200 2282 2270 2400 KOTAKBANK SELL 700 665 658 4900 BPCL SELL 600 806.5 800 3900 HCLTECH SELL 600 818.5 813 3300 AMBUJACEM SELL 2100 204.5 202.5 4200 SBIN SELL 2000 184 181 6000 SUNPHARMA SELL 600 858 854 2400 DRREDDY SELL 150 3222 3200 3300 BHEL SELL 2000 106.65 104 5300 INFY SELL 500 1156.5 1150 3250 ACC BUY 375 1250 1242 -3000 NIFTY BUY 75 7480 7500 1500 BOUGHT YESTERDAY

Name BUY/SELL LOT SIZE ENTRY RATE BOOKED  PROFIT APOLLOHOSP SELL 400 1395 1385 4000 JINDALSTEL SELL 7000 62.55 62 3850 MINDTREE SELL 400 717.15 685 12860 ADANIPORTS SELL 1600 224 223 1600 NMDC SELL 5000 92.2 91.6 3000 BEML BUY 500 1056 1066 5000 DHFL BUY 2200 173 175 4400 HINDUNILVR BUY 600 832 842 6000 CEAT SELL 700 1080 1070 7000 NIFTY BUY 75 7580 HOLD

In daily chart nifty spot has already made 3 gap up openings and today if opens gap up than it will be 4th gap up... as per gap up strategy trend gets exhausted or  tired after 3 to 4 gap ups... small consolidation is much needed at this point of time for strong uptrend ahead... Nifty spot closed at  7475 yesterday...now support near 7380--7350 and hurdle near 7540--7640. Banknifty closed near 15177... It has minor hurdle near 15220 above which it will rally towards 15560---15800...

Nifty spot is range bound with the hurdle near 7100 and support near 6850..  breaking of either side will give the clear trend.. till than one may trade with levels... Banknifty spot is having minor resistance nesar 13970--14000 above this it can move to 14580 and down side has support near 13450

NIFTY WEEKLY CHART. Nifty has a support near 6880—6980 being  200WSMA and 50MEMA  respectively  and sustaining above this it can move to 7400–7500 level soon. Minor  hurdle 7240...

(Banknifty: weekly chart) In week timeframe, Banknifty MACD has broken down the 'Rising Wedge' with negative cross-over and what a free fall..!!!!!!!!!!!.  Banknifty had found difficulty to sustain above 18500 level. Now on downside two crucial supports to watch are near 17500 level (200DMA) and 17220 (50WMA). Banknifty trend is down and every rise met with selling pressure.  According to weekly JBNSAR banknifty is weak below 18370 .

(BANKNIFTY WEEKLY CHART) In week timeframe , Banknifty MACD has given a negative crossover and also broken down the rising wedge. Whereas banknifty price closed the week within the  channel  (shown with pink color) . Now  channel  support comes around  18500 .  Banknifty is weak and 'sell on rise mode' It will have strength only above 19200 and on downside  it has support near  18500--18200--17900. ************************************* NOTE:   FOR PAIR TRADING VISIT OUR SEPARATE SITE:  http://justbankniftystock.blogspot.in **********