Tuesday 5 July 2011

REVIEW OF 5th JULY 2011 AND UPDATE FOR 6th JULY 2011



 
BANKNIFTY FUTURE - 1M 
Bank Nifty took support within the range of our Pre Market Alert of POWERTRADE  TREND DECIDER OF THE DAY ------- 11347 &  POWERTRADE   BULLS LAST STAND POINT OF THE DAY  ------- 11305 . At around mid-day it gained momentum and as soon as it broke out POWERTRADE  TREND DECIDER OF THE DAY ------- 11347 it zoomed northwards to our POWERTRADE  BEARS LAST STAND POINT OF THE DAY ----- 11380 and scaled even higher to reach our Targets for the day 11436 and then 11480. Bank Nifty being a momentum based index future counter can give awesome returns if traded with power trade research handholding strategies. Our Premium Subscribers gained a net 120 pts from yesterday's trade.
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NIFTY FUTURE - 1M  
NIFTY spent the whole day struggling between our Pre Market POWERTRADE  BEARS LAST STAND POINT OF THE DAY -----  5664-5680POWERTRADE  TREND DECIDER OF THE DAY ------- 5610 and could not make much headway in either of the directions.Nifty is caught in a battle of demand and supply from either sides.A breakout move in either of the sides will decide the future direction of the market in days to come.

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POWER LEVELS 6th July 2011  
 
NIFTY FUTURE - 1M   (Wednesday 6th, July 2011)
POWERTRADE
  BEARS LAST STAND POINT OF THE DAY -----  5690-5702 sustaining above which it will target 5754
POWERTRADE  TREND DECIDER OF THE DAY ------- 5628-5616
POWERTRADE  BULLS LAST STAND POINT OF THE DAY -------5606

Breakdown and sustaining below 
  POWERTRADE   BULLS LAST STAND POINT OF THE DAY will open target for  support of ----5590-5560

BANKNIFTY FUTURE - 1M
  (Wednesday 6th, July 2011)
POWERTRADE  BEARS LAST STAND POINT OF THE DAY ----- 11512 sustaining above which it will target 11632-11725
 
POWERTRADE  TREND DECIDER OF THE DAY ------- 11436
POWERTRADE   BULLS LAST STAND POINT OF THE DAY  ------- 11325-11340
Breakdown of   POWERTRADE   BULLS LAST STAND POINT OF THE DAY will open targets for ----11212 - 11147

Just follow the markets reaction at these levels and have a happy trading session ahead.

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