NIFTY FUTURE – 23rd
Feb Recap
NIFTY FUTURE – 24th Feb Trading Guide
NIFTY FUT now faces immediate resistance near 5500-05 trading above which can attempt the higher levels of 5535-45. On the downside Support now emerges at 5565-75 zone break of which will lead to further slide to 5435-25 and below that to 5400 levels, where this BULL rally will really be tested, for this rally to sustain 5400 has to hold for now for positional players.
POWERTRADE TREND DECIDER OF THE DAY ------- 5500-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5465-75
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5435,5410
NIFTY
FUT we wrote that the BULLS LAST STAND point of the day was near 5470, check
the days low. Markets couldn’t break that and bulls pulled back smartly from
there.But were not strong enough to take out the TREND DECIDER of the day and
pull back to Bull orbit and hence markets pulled back to give a closing below
5500 levels. With Feb series closing on monthly charts NIFTY FUT still looks
good and gave a second consecutive positive closing but on weekly charts it
showed the first signs of exhausation with an inside candle formation.
Our NIFTY FUT subscribers stayed out of he market today to avoid
expiry volatility, while the positional subscriber booked more profits on their
over night shorts near 5480 levels.
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NIFTY FUT now faces immediate resistance near 5500-05 trading above which can attempt the higher levels of 5535-45. On the downside Support now emerges at 5565-75 zone break of which will lead to further slide to 5435-25 and below that to 5400 levels, where this BULL rally will really be tested, for this rally to sustain 5400 has to hold for now for positional players.
POWERTRADE TREND DECIDER OF THE DAY ------- 5500-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5465-75
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5435,5410
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