PowerTrades

PowerTrades Updated 

We are looking at a likely break outside the multi day range. Given that its late hours and at the fag end, will be wary of continuation though, hence loading lower sizes Short at 3108 Stops above 3130 target range 3075-80 areas and hold below we are talking about a new range.

PowerTrades Updated 

KeyTrend decider for banknifty is at the 20200-250 areas for Immediate reference. Hold below that we look to test 19800F and break below that look to test 19200F (Primary) Hold above it, likely to test the swing reference at 20650F and hold above that we are in a new territory for a breakaway move (Secondary) We had sharp rejections on both sides of this wide...

PowerTrades Updated 

SPX short in pullbacks to 3125-30 stops above 3145 Target to lower HVN zones of 3105 and 3075

PowerTrades Updated 

SPX is at interesting zone, with no clear direction. We are looking to play the break of the range. ( 3120 on upside and below 3100 on downside). Downside targets- 3075, 3047 Upside - 3145

PowerTrades Updated 

The Pullback trade was done and dusted for a 20-25 points close. Fact that we failed to get past 3100 indicates a likely test of lower levels, 3045-50 is going to act as a immediate hurdle. Idea- Short any pullbacks to 3045 areas for a test back into 3015 and lower to 2985

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Crude is at the edge of a micro structure, has a low risk short play here, given the overall risk off nature today could follow through with equities. Stops above 36.30 For a test of 34.80 and a move upto 33.90

PowerTrades Updated 

SPX showing signs of holding up for a minor counter trend move. Long at 3055-50 areas with stops below 3035 for a test of 3090 areas.

PowerTrades Updated 

SPX failed to get above and hold into the 3210-15 areas, Short play on with stops above 3215 for a test of 3175-65 band. new range only when it holds outside either of this zones.

PowerTrades Updated 

SPX has shown some topping pattern here, with resistance above 3210-15 areas. Failure to get above that we can see a move to 3175 levels. Hold below 3165 we are on for a test of 3140

PowerTrades Updated 

BANKNIFTY the zones marked worked like magic, key reference remains the areas of 20800-50F if we hold below we are looking for the test of marked downside levels

PowerTrades Updated 

Banknifty the next levels to watch are a potential hold of the 20800 areas for a move to test upto 20350 and 20500. Hold below 20800 we will see a potential rotation back. potential trade long futures with stops below hold of 20800 SELL 20500PE at 110 with stops above 150

PowerTrades Updated 

Banknifty has reached a potential destination for this upmove. The range of 20200-19850 is pretty much the near term reference to watch out , once we break outside this range we have a potential move to 20800F on the upside and 19200F on the downside. Now potential strategies to trade that move: 1. For the simpler on look to trade scalping pullbacks in this range...

PowerTrades Updated 

USOIL short idea in the region of 32.80-33 with stops above 33.75 areas. For a planned potential move back to 32 & 30.75

PowerTrades Updated 

SPX- The overnight range of 3005-3010 will serve as a immediate support for a potential test upto the 3045 areas. Will look to only consolidate from there or if we break and hold below 3000's , else pullback long plays

PowerTrades Updated 

SPX500 overnight tops is on good volumes. Will expect that to be an inflection point and short term retracement on the downside. The target areas are 2920/2910 and lower. 2900-2895 is a strong support zone. for now. - advanced retracement trend reversal play.

PowerTrades Updated 

Areas of 31 is a good immediate support to look at for a potential test upto 33.90 areas. Hold below the the 30.50 areas we can look to test back the 29.50 region and lower. the range expansion will really help bringing back wider participation in this counter.

PowerTrades Updated 

range charts are a good way of developing a perspective when markets oscillate in a range, combine them with profiles and you have a powerful thesis development in play. crude currently playing in a larger TF range, consolidating higher ( Green Box) Break on either side we look to play the breakout targets marked. Within the range there is good scalping...

PowerTrades

A Gentle reminder to us all that when in markets everything is an open probability and anything can happen :)