REVIEW OF 28th Feb 2012 AND UPDATE FOR 29th Feb 2012

NIFTY  FUTURE – 28^th  Feb  Recap

NIFTY FUT we clearly wrote today that there are chances for the markets to pull back, and when all the analysts were crying shorts markets pulled back to give a smart recovery. Once markets opened and traded above our TREND DECIDER of the day markets attempted our BEARS LAST STAND POINT and above that the higher levels. Again check the power of our levels. Also note the day’s high and our Resistance given, markets couldn’t cross 5465 too. Hope the followers had another good day.

Our NIFTY FUT subscribers traded contrarian today and went short at 5435 and booked the profits at 5410 levels. Also our BANKNIFTY subscribers had a blast with a long trade taken at 10440 and booked massive triple digit gains.

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 NIFTY FUTURE – 29^th   Feb Trading Guide

NIFTY FUT now faces immediate resistance at 5465 trading above it will be seriously back into the bull orbit and may move upto 5500. Also NIFTY FUT will remain a positional buy until it holds above 5400 levels too. Support now emerges at 5425 and below that key support at 5400 levels. Trading below which may again test the lows of yesterday.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5465-5475  sustaining above which it will target 5495,5525, 5545
POWERTRADE TREND DECIDER OF THE DAY ------- 5400-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5355-65

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5335,5305

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