Tuesday 21 February 2012

REVIEW OF 21st Feb 2012 AND UPDATE FOR 22nd Feb 2012

NIFTY  FUTURE – 21st  Feb  Feb  Recap
NIFTY FUT traded in a very narrow range mostly within 35-40 points all through the day giving very little for the intraday traders. NIFTY FUT gave a false break out above the previous day’s high but couldn’t sustain above that level. Which was exactly our BEARS LAST STAND POINT? Also check the morning lows, exactly at our TREND DECIDER LEVEL,markets opened and traded above it all through the day

Our NIFTY FUT subscribers went long abv the resistance zone of 5620 but due to the failed breakout and lack of movement closed the trade in minor losses.

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 NIFTY FUTURE – 22nd  Feb Trading Guide
NIFTY FUT now faces immediate resistance at 5625-35 levels. Beyond that the chances are high it can attempt now 5660 and 5700 levels. Support now comes at 5665-55 range. Trading below which can target 5535 and below that can drift downward to 5500-5510 levels.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5625-5635   sustaining above which it will target 5660-65,5700
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 ----5510,5475



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