NIFTY FUTURE – 17th
Feb Feb
Recap
NIFTY FUT opened with a Huge gap up above our said Resistance zone and made a high exactly near our second BEARS LAST STAND POINT OF THE DAY Level2 and traded in a small range mostly through the day until break down. During a huge gap up or gap down adapting to use the levels smartly is the key, once gapped up the RESISTANCE level may tend to become a support level and that’s what happened NIFTY FUT made a low exactly near 5565 and bounced back to give a good closing near 5600.
NIFTY FUTURE – 21st Feb
Trading Guide
NIFTY FUT opened with a Huge gap up above our said Resistance zone and made a high exactly near our second BEARS LAST STAND POINT OF THE DAY Level2 and traded in a small range mostly through the day until break down. During a huge gap up or gap down adapting to use the levels smartly is the key, once gapped up the RESISTANCE level may tend to become a support level and that’s what happened NIFTY FUT made a low exactly near 5565 and bounced back to give a good closing near 5600.
Our NIFTY FUT subscribers went short in the morning session with
a SL above 5625 and we all know what happened after that. What was your trade this
Friday?
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NIFTY
FUT now faces immediate resistance at 5625 levels beyond it can target 5620-25
levels beyond that can targrt 5650-5660 and beyond that can go all the way upto
5700 levels. Immediate Support now comes at 5555-65 levels. Trading below which
can target 5535 and below that can drift downward to 5500-5510 levels.
POWERTRADE BEARS LAST STAND POINT OF THE
DAY ----- 5620-5625 sustaining above which
it will target 5650-60,5700
POWERTRADE TREND DECIDER OF THE DAY ------- 5555-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5535-40
Breakdown and sustaining below POWERTRADE BULLS LAST
STAND POINT OF THE DAY will open target for support of ----5510,5475POWERTRADE TREND DECIDER OF THE DAY ------- 5555-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5535-40
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