PowerTrades

PowerTrades Updated 

NIFTY futures, we have a gap opening here . not easy to play big gaps as risks on positions increase. Will look for a pullback to 11430F and a hold there to test the zones and pullback from there. Bears in total control if 11330-320F breaks down for a test of 11180F Bullish only above hold of 11450F for 11520F or for pullbacks from opening lows for the test of...

PowerTrades Updated 

Hi, having a good trade thesis is half the job done , rest is observation and execution. Lets make the trade plan simple for the expiry. Key reference at 23800F . Bullish on hold above and bearish on hold below Hold of 23800F we will sell PE's and hold below that we will sell CE's The fact that maxpain is at 23800 also makes it interesting.

PowerTrades Updated 

SPX we have seen a short side inflection and will look for continuation in the pullback here. Stops above hold of 3385 areas. Tgt zones the volume zones of 3340s

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Gold is at a nice confluence with a inflection point around the 1955 areas. 1. Bullish on hold above for test of 1980-90 areas. 2. Rotation and lacklusture in the range of 1955-30 3. bearish for hold below the 1930s

PowerTrades Updated 

SPX has multiple failed local tops here, nothing much from a swing point of view but a developing mini inflection point here. Hold of the resistance areas can see a move down to test the zones of 3385 and lower bullish on hold above for new areas.

PowerTrades Updated 

USOIl likely support areas are 1. 42.60-42.40 areas. Hold below that look to test 42.20 areas. Hold into that < current context> look to test higher for 43.20 areas

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We have seen significant range expansion on Friday , expectation is a continuation and hold of the direction. Key areas is 22020-21970 for the downside move to be valid. Downside targets indicated.

PowerTrades Updated 

SPX had a strong run, not sure we have still flushed out the bears here. We would like to see for a hold below 3320 areas for a short side view with stops above 3335 for a tgt of 3300/3288

PowerTrades Updated 

BANKNIFTY we have had 2 nice moves from the trend decider posted on 03-AUG The downside target and bounce off it and then the upside target. We are again trying to hold below the trend decider- with some multiple lows an support below that. Given the correciton yday this is a low risk sort opportunity to test the downside targets

PowerTrades Updated 

BANKNIFTY has opened below a major reference zone and staying below 21550 will continue to see weakness for this week ahead. Downside targets on lower side is 21050/20650. Aggressive traders can sell BANKNIFTY Futures with stops above 21850F or sell 21500CE at 250-300 range Safe traders tgt sell of 22000CE at 130 areas.

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BANKNIFTY - We had for long marked the range of 21300-550 as a key range for the legs up or legs down, we tested back that range in the fall yesterday and there was enough pace to suggest a potential continuation. Hold below the areas of 21330 ( Trend Decider ) We are looking to test areas of 21050/ 20650 areas.

PowerTrades Updated 

SPX showing first signs of rotation- Key areas to watch is if sellers are able to defend the 3172-80 areas. Hold of that expecting a rotation back to 3145 / 2135 Hold above 3180 areas look to test 3210 areas

PowerTrades Updated 

SPX we have a clear break here and is now looking for a hold for a test higher. Trade Idea: Long near 3100-95 Levels with stops below 3080 areas for a test of 3120/ 3133

PowerTrades Updated 

Long play at these areas for the marked target levels. we had a failed breakdown today and expect the trend decider to hold for the mentioned targets.

PowerTrades Updated 

Banknifty is showing signs of a minor break on the upside. we have the the today morning low (TD) as the immediate reference. Continual hold above the Trend Decider zone (21600) will look to test near 21800 and higher. On the downside break below mo NSE:BANKNIFTY rning low we we look to test 21330 areas again.

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SPX, broke through major levels. Likely to head lower to test the fabled 3000 mark and below that the 2970 areas. Stops above 3060-65 zones. OANDA:SPX500USD

PowerTrades Updated 

NSE:BANKNIFTY yesterday we capped a near perfect expiry trading session in BANKNIFTY, despite choppiness it played well with our trend decider areas. For today While we have opened in spot above trend decider, the futures continue to be within the previous day reference. We have to be mindful of the premiums. From a immediate BNF levels point of view we are...

PowerTrades Updated 

Banknifty - Folks can refer to the older plan on how banknifty played out across the different zones marked. For Immediate session we will keenly watch the 21600 areas as a key reference. Failure to get above it we can look to test 21330/21050/20750 On the upside a move above 20600 we, look to target the expiry at 22000 areas. NSE:BANKNIFTY