PowerTrades

PowerTrades Updated 

Crude is showing good signs of playing a potential breakout here for good Risk reward targets of 61.3/62.80 and higher. we are holding on the higher edge of the profiles here and have a failed wick below as an additional confirmation. we need a bit of a stop run here above 60.30s for the idea to play out. Idea invalid for hold below 59.60

05:30

PowerTrades

------------- WEEKLY ANALYSIS 05-APR------ The short term trend has rotated back to allign with the long term trend. NIFTY: Key Long term levels are 14500-15100 range Immediate suport areas are 14800-830F areas. Hold into that will look for a pullback play. BANKNIFTY: Immediate support areas are 33900-34100 areas for pullback play. Breakout play abv 34500F...

PowerTrades

Today's upmove looked largely on short covering and less of long build ups. For the week we have bounced of the weekly trend decider around 14720-50 areas and have now that as a support. Scenarios from Here on 1. Hold and get above 14890F for a match forward. 2. Fail to hold above 14830F and get below 14750F for a potential rotation downwards and break of weekly lows.

PowerTrades

--------------- WEEKLY ANALYSIS 22- FEB----------- overall Trend remains down until we see a follow up of the Friday action. NIFTY Futures - Key immediate levels are 14750F areas for a bullish or bearish bias. 1. Look for a move below 14750 for a move to 14480/14320/14175 2. Hold and support at 14750F or higher look for a push higher to 14890/15k areas BANKNIFTY...

PowerTrades

Banknifty - yesterday we managed to bounce of the swing target zones for the week ( refer to the weekly analysis video) ensuring we have a pretty balanced closed. The pullbacks closed at key areas with respect to the swing zones. Today will set the foundation for a larger move from here. If we manage to hold and close below 35200-350F areas, expect new lows to be...

08:20

PowerTrades

NIFTY and BANKNIFTY had the weekly split into two halves and have closed on the lower half, thanks to the strong sell move on Friday. NIFTY we have also seen a consistent failure to get past the 15300 levels on multiple occasions. Nifty Futures- Weekly Trend decider at 15150F levels. Key Swing Levels are 15260 on the upside and 14770 on the downside. 1....

PowerTrades

At the start of the week in our Plan we did lay out 35500-650 areas as the weekly trend decider. On 9th we have broken out of that zone and have made spike lows into the zone laying the foundation for a move above. This coupled with the fact that we are holding above the value zones of last week and also are testing a trend line break makes it a strong case. Key...

10:52

PowerTrades

------------------- WEEKLY ANALYSIS 08-MAR---------------------- NIFTY and BANKNIFTY had the weekly split into two halves and was in conclusive on either side. The weaker closer towards the end of the week and the higher VIX will indicate that our primary bias on short terms charts can be bearish to neutral. Nifty Futures- Weekly Trend decider at 15030-90F 1....

09:23

PowerTrades

------------------- WEEKLY ANALYSIS 01-MAR---------------------- Nifty and Banknifty Future had a week with a bearish bias with the profile structures indicating volumes at lows. we have also broken recent swing lows in daily charts Nifty Futures- Weekly Trend decider at 14900-930 areas. 1. pullback to 14700 < vpoc of last week > as a short opportunity to test...

PowerTrades Updated 

GME has broken out of the balance, let the volume prints drive the decision making away from the noise and the chaos. Stops at 120 is a good bet to hit back the VPOC at 334 areas.

PowerTrades

BankniftyWe had planned for a break on either side which played out beautifully. Not quite the way we would had wanted it given the market glitch and trading halt and the late move. But it did happen as we laid it out. < Refer to the previous post > Plan for Expiry: OI Analysis: Good PE OI at 36000 , overall PCR has increased so expecting a bullish Bias. 36500...

PowerTrades Updated 

Banknifty has formed a mini zone here ( 35400-35000) levels. This also happens to be the Target 1 for the weekly levels ( refer to weekly post below ). So this zone is acting as a support. Add to this the fact that we have very high OI at 35500 CE and 35000 PE so the zone is a further strong reference. Break outside this zone has a strong play potential and one...

PowerTrades

--------- WEEKLY ANALYSIS 21 - FEB ------------- Nifty & Banknifty Futures on weekly charts attempted a break on the upside above the consolidation candle of week above. Failed to do so and have engulfed the weekly candles. NIFTY Futures: Weekly Trend Decider at 15130-15150F, Failure to cross ,will look for a bearish continuation. 1. Hold of 15180F look to...

PowerTrades Updated 

Banknifty is testing the multi day balance lows. Given its Expiry first bet will be to see a hold of these zones. If it Doesn't can see a quick slide to test 36600/300F areas. Refer to the weekly analysis video as well for larger zones.

05:52

PowerTrades Updated 

Weekly Plan for NIFTY & BANKNIFTY We had a consolidation week in NIFTY & BANKNIFTY without a confirmed move on either side. The fact that we have held on the upside range of the Budget day candle, The bias will remain positive until proven other wise. This week we have created a quick video to understand the context and also how VIX is going to be important to...

PowerTrades

--------- WEEKLY ANALYSIS 08- FEB ------------- Nifty & Banknifty Futures left one very good references on the Friday close for the swing move up. NIFTY Futures: Weekly Trend Decider at 14890F, key swing references at 14760-14800F 1. Hold of 14890F look to rotate up to test last week high 15080F/15180F 2. Hold below 14890F look to rotate back to test 14760F areas,...

PowerTrades Updated 

NIFTY LAST WEEK WAS WEAKER WHERE BANKNIFTY HAD A NEUTRAL WEEK RESPECTING OUR SUPPORTS FOR NEAR 29500-29K AREAS. NIFTY Futures : Weekly Trend decider at 13777. This forms the reference for a bias (bullish/ bearish ) 1. Hold below look to tgt 13565/13530 2. Fail to hold below , move above for tgt of 13800/14200 BANKNIFTY Futures: Weekly Trend decider at 30350...

PowerTrades Updated 

#banknifty if we continue a hold abv 31100F areas we will look to trade pullbacks to test 31000-200F zones , nearly 50% retracement of the swing from top. Hold abv or failure there will determine the next course of action