(BANKNIFTY DAILY CHART)
In above Banknifty Day chart, one can see how MACD respects its trendline and offered great opportunity to trade.
Recently it has activated buy mode around 15480-15525 by giving positive crossover near the support of trendline.
Now on downside it has support around 15450--15200 and on upside resistance near 16200
NOTE: FOR PAIR TRADING VISIT: http://justbankniftystock.blogspot.in/