PowerTrades

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Nifty Futures: NIFTY Future managed to latch on to the 7750 levels that we discussed yesterday . But it did provide two trade opportunites as per the plan one was short from 7840 levels and the other a pull back trade frm 7760 levels. The pull back short also provided a good swing short trading opporunity with low risk. for intraday traders 7750 will hold the...

PowerTrades Updated 

This seems to be a great point to take a low risk shorts with stops above 2100 levels.a break down of 2050 can signal a good trade.

PowerTrades Updated 

NIFTY Futures our last discussion was to trade pull backs from 7800 levels or a breakout above 7880. This trade has yielded a good return. Now we are nearly testing the 8000 zones. this will prove to be a solid test.This was a good point to test low risk contrarian shorts. Have a short from 7980 zones. stops will be above 8025. Downside opportunity will really...

PowerTrades Updated 

BankNifty Futures: Our Breakout zone was 17140 levels for past few posts. this provided a fabolous trading opportunity nearly giving 400 points gain in 2 sessions. Banknifty 1754--640 is a congestion zone and may be tested at these levels. Once cleared we can see a test of the 18000 zones. on the downside we could potentially hit back 17240 zones if we want to...

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The stock seems to have given a low risk breakout opportunity. it has managed to form a higher low around critical base levels. Risk reward is favorable for an entry

PowerTrades Updated 

DRREDDY Short below 3350 SL 3550 Targets can be the retracements at 2950 levels

PowerTrades Updated 

Banknifty Futures: At the start of last week we had discussed that the week is expected to be volatile and choppy and boy it tested us to the hilt. the way the week has closed it is likely to continue to be undecisive.This is likely to change once markets make a decisive move either above 17350 levels or below the 16600 levels on a broader scale. For intraday...

PowerTrades Updated 

NIFTY Futures: While NIFTY futures had a failed breakout move it has been able to sustain above the levels of 7800-7820 which are crucial supply zones. this will be the key level watched if NIFTY futures sustains above 7840 then long positions can be build up. on the downside a crack below the 7820 levels will invite shorts for lower targets of 7760 odd levels

PowerTrades Updated 

16942 was the low made today just above our crucial trend decider levels. Also Top made at 17330. so if traders are looking to still follow up with the trade, next hurdle now above that will be 17400 and 17540. supports emerge at 17140 zones

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The stock has low correlation with the index and has moved up with good volumes. This is a potential buy candidate.

PowerTrades Updated 

NIFTY Futures: Just yesterday we discussed that 7850 continues be the achillies for NIFTY and until convincingly taken out we are not going to see aconclusive breakout. On the downside we discussed a break of 7820 can provide a low risk trade and what a trade it was , a trade which yielded nearly 80-100 points with a 30-40 points risk. now that NIFTY has breached...

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BankNifty Futures: 18th was a copybook trading day and fortunately we were on the right side of the trade as well. This can be primarily be attributed to conviction in the plan as much as right analysis for the plan. Why did we mention that 17140 is a key zone?( we know the market reaction once that was breached) If you check the hourly candles there were...

PowerTrades Updated 

NIFTY Future continues to respect the resistance of 7850. Only a clear of it can lead to test the zones of 7950-8000. else it will prove a nice contrarian opportunity depending on the day set up and trades. On the downside 7820-7790 is a support and supply zone , a breach of that can lead to a resumption of the downtrend again.

PowerTrades Updated 

We had discussed that 16900 is the trend decider level. Today during the opening sessions markets sustained above it a provided a low risk trade with good return potential. genuinely hope the trade was taken by everyone who followed the notes. In the near future 17250-17330 will provide a resistance zone to watch out. If that is surpassed, which looks a...

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NIFTY Future was a un decisive candle on friday. Hence the high and low will be important combined with the trading zones that we discussed the other day. It will be prudent to take directional trades on with either side of the breakdown

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As again markets seemed to prove again to be ahead of the elections and the subsequent results. Now since the event is done it will be crucial to try and analyze the potential direction of the markets post the results. In our various posts for the past week or so we had mentioned that 7950 is a potential downside target and break of that could only signal another...

PowerTrades Updated 

#banknifty #technical Whats Next???--- BankNifty futures have broken past the crucial support zones. Now any pull backs to 17380-17420 will be challenged. On the downside a break below 17200 can lead to fall to 17065-50 zones where we may expect support to come in from both technical and psychological basis. On the upside bullish trend will only resume if 17450 is...

PowerTrades Updated 

NIFTY has cracked quite a bit from the trading levels we mentioned. My point of view is that the lows made today will be a critical thing to watch out. If NIFTY manages to scale above the high of today then there is a chance we can see a pull back to the range of 8150-8180 . How near we get that one or even if we manage to cross the highs of today will really...