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PowerTrades Updated 

usoil CL_F bounced exactly off the composite vpoc, ensuring that the sellers are weak, poised to closed above the day's high now.

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ES_F, saw multiple test of 2705, and that has been taken out finally, headed for 2680 levels. my earlier note on the other post , was to short near 2745-50, that was a sweet zone, where markets just topped out there.

PowerTrades Updated 

ES_F marked a low near the 161% retracement of the recent swing, until it holds below the pivot highs of 2750-60, which is also the recent pivot highs, there is a fair chance to test the lower range of 2705 ( previous pivot highs ) , 2655 (261% retracement levels ). Although a prudent trade here will be to wait for a confirmation below 161% range or short in...

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#CL_F #USOIL consolidating in a range.. likely to take off if 66 is taken out for a quick test of 68.5-69 range

PowerTrades Updated 

BNF: Last week , Played out all 3 scenarios that we laid out, a test near 26150, consolidation and 26300 levels and a upward test for 26800 levels. BNF continues to trade within the trading range formed on the 1st week of June. Testing the 78.2 % retracement, from there an upward push up to 27000, 27350 zones is a possibility. On the downside 26480-580 will...

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#ES_F pulled back from exact 76% retracements zone of the swing charts on daily time frame. Any pullbacks to 2760-65 can be shorted for a likely test of 2730, 2705

PowerTrades Updated 

#SBIN at a crucuial inflexion point, confluence of multiple tops and bottoms. a good swing trade can emerge from here.specially looking for an upside swing failure

PowerTrades Updated 

ES looks to potentially test 2710 and head lower if that is not defended.

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Long time since I posted something, Folks who had seen the past analysis would recall that we had marked 25600 as the support zones, banknifty turned around from there. On the upside 26450-26500 remain as the big hurdle.This is with the hypothesis that markets have had made top for the year and will continue to form lower highs. Hence if we see retracement zones ,...

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NIFTY Midcap seems to have formed the peaks and bottoms before the main index. this has proved to be the leading indicator on 3 consecutive occasions

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BANKNIFTY has managed to trade within a small range for the past few sessions. Levels of 25220-25300 will hold resistance, will look for a downward rotation to test near 26K levels or a clear break above the resistance zone. Volumeprofile charts @ twitter.com

PowerTrades Updated 

#bnf #banknifty testing crucial support zones of 24920-940.a break below can lead to a test of 24700-720, previous #volumeprofile levels #MarketProfile #nf future volumeprofile chart at : twitter.com

PowerTrades Updated 

#BNF #banknifty pulled bk from the weekly vpoc and just made a peak below an high volume zone. potentially on its way to test the 25150 zones, which is also 50% retracement of the swing. After thursday's crash we did lay down that the fall stopped just short of our swing support zone of 24100 and in case that is respected we could be on our way back to test the...

PowerTrades Updated 

Banknifty for quite sometime we had discussed the importance of the 24100 zones. Yesterday markets tested the levels above that zone and managed to pull back to close near day's highs. This again re confirms that 24100-150 will be the immediate trend decider for long side trades. Trading above that can BNF can go upto 25750 levels . where we have signficant...

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I have been writing about a mid term rotation upwards if 24100 levels were defended. Friends will recall thats why we had also closed the short @ 25000 near 24300 zones. Now that scenario has failed and we have to look for a downward move. Another level to watch out was 23875 levels. now on friday we tested that level and failed to breach it on the upside. This...

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21-Feb-2018: BANKNIFTY Yesterday markets failed to pullback and test 25250, we discussed that until that is tested, markets are likely to test 25000 and that did happen. I didnt expect 24850 to test that easily but that happened as well. Now based on that there are 2 scenarios, markets pullback inside 24890 zones and likely test 24950-980 again. or a secondary...

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Feb-20: The stock seems to have factored the bad news, significant volume accumulation at these levels. Fundamentally the stock is trading at a massive discount compared to peers in the sector.

PowerTrades Updated 

Calling the Banknifty top has been a touch and go thing so far. Although it has been a good ride shorting on rise most of the time for the past few weeks. another thing that has played out well was the options decay. Banknifty now holds significant resistance at 25680-25750 zones and that should be a low risk short idea here.