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PowerTrades Updated 

12-Feb-2018: Banknifty is likely to remain range bound within 25940 on the higher side and 25320 on the lower side until the next trigger. The mid of this range roughly being the 25650 level zones.So, here are a few scenarios, look to short on rise for targets of 25450. and look to long near 25400 for targets of 25600. break of this zone can re test 25050 on the...

PowerTrades Updated 

Feb 06:#Banknifty #BNF Likely for a gap down opening. key levels to watch out is 25450 levels on the downside. and a crack of that can lead to a test of 25050 levels. Significant levels of resistance now @ 26250 levels. Note: Refer to my earlier post late jan - " The steeper the upside merrier will be the downside.. once the channel broke. there was no...

PowerTrades Updated 

#BNF #banknifty futures has a consolidation zone @ 27340-27450 levels. Upside projections fr short term @ 27720 zone. break of 27340 can initiate a swing short. good confirmation will be break of 27130 levels. I'm will be in hunt for a good swing short, till then play along the market as the price action emerges. The steeper it gets on the upper trend line the...

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If one has to choose one asset class for the year 2018, this has to be it. An underfperformer from the equity markets for the past few years. Gold is poised to breakthrough & outperform the equity markets in 2018. #gold #XAUSD

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Banknifty broke significant accumulation & volume zones of 25500. This will hold as a hurdle now. Till that point or about downside of 25050 look for short on rise or breakdown #banknifty

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CNXPHARMA has consolidated for long, it has established a higher bottom formation and has given a good breakout on daily charts. Given that this sector has underperformed and has lot of catching up to do, its a low risk entry at these levels compared to other sectors.

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Last week we discussed that banknifty is likely to consolidate in a range and advised to trade the range mostly by selling options. This has played out pretty well. Looks like 25500 is a good base , both from price action and option OI. Based on that can take long positions with 25450 as stops as mentioned last time. Or keep hedged options long. one strategy...

PowerTrades Updated 

For #Banknifty the levels of 25720-740 spot is the new make or break zone. A move above that can lead to positional targets of 26000 & 26200. trading below that expect to large consolidate until 25450 breaks convincingly. Options data suggest max pain at 25500 for this week. this would imply that we may likely consolidate. Good idea would be to sell a calendar...

PowerTrades Updated 

NSE:BANKNIFTY BANKNIFTY Yesterday retraced from the the lows of 25900. Forming a double bottom support near challenging the upper trend lines zones of the downward channel. yesterday's point of control remained at 25050 in futures levels and around the 24990 zones in the spot levels. Now there are two scenarios that can play out. the swing top resistance remains...

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SHORT TRADING idea on banknifty below 25980 with stops above 25340 levels. targets of near 25820 and 25550.

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TATASTEEL 13 DEC-17: TATASTEEL A FAILED attempt to take the resistance zone. Short trading idea. below 685 or in pullbacks to 695 SL @ 710. Can take a calendar bear spread too with High IV's

PowerTrades Updated 

NSE:BANKNIFTY Yesterday BANKNIFTY closed around the 50% retracment levels. yesterday's top can be a good SL for a short idea. This will be a good test to see if the levels hold. A breakout above that can re initiate the bull run. downside trade target remains at 25250 , 25100 and lower.

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After a sharp move breaking out the trading channels, NIFTY has seem to hit the resistance zone and is looking to test the retracements. Immediate support is the channel trend line marked in red. below it can move to test the upper channel of the breakout trendline. A breakout above 8740-45 can see it move upto 8810 on the upside. Strong swing support and downside...

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Nifty future yesterday broke the support of 8550 level and moved to 8507 that what the level that we had discussed in the past as well and had it marked. Till now NIFTY seems to be playing within the channels and we saw a sharp bounce from that zone as well giving good contraction play. Support remains at 8500. Resistance level at 8600-40, Market can be shorted on...

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BANKNIFTY another interesting study. we may use this channel for the next few trading sessions. channel support comes near 19950 zones. respected the upper channel line for multiple candles. looks like a good shorting idea below 20230 spot.

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Publishing after a break, missed publishing the view on Banknifty , specially the pullback opportunity that it provided with respect to the channel in the charts. A break out above this channel will lead to a new range formation. Hence important to hold above today's open