PowerTrades

BANKNIFTY the larger picture-swing traders

PowerTrades Updated   
NSE:BANKNIFTY   NIFTY BANK
#banknifty looking at the monthly profile ( this is from futures charts) gives a good perspective of what is playing out, we are consolidating between last mnths VAH n VPOC.until we clear 30650 or 29800 the play is to trade pullbacks in this range, a break outside this range will likely give a 800-1000 pt move
Comment: #banknifty despite the strong close yesterday, we were playing for a mean reversion based on the larger picture and this worked to perfection combined with the reference zones price action of those zones #trading #volumeprofile #edgezones

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