REVIEW OF 29th Feb 2012 AND UPDATE FOR 1st Mar 2012

NIFTY  FUTURE – 29^th  Feb  Recap

NIFTY FUT opened with a gap up and we alerted all our twitter followers watch out for 5495 as the level. And look it again worked like magic, markets failed to sustain above that level and crashed to the TREND DECIDER and below that all the way to our positional support level mentioned, check the lows made. We clearly mentioned that positional long players are in control until 5400 holds and markets smartly pulled back exactly from that levels. Hope the followers had another good day.

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NIFTY FUTURE – 1^st  Mar Trading Guide

NIFTY FUT now faces immediate resistance at 5465 trading above it will pull back to attempt the levels of 5495,5510. Immediate support now emerges at 5425, for positional players 5400 will hold the key, trading below which long players should get cautious. Hourly momentum indicators indicate indecisiveness, which may give some choppy sessions ahead until NIFTY clearly breaks out of this range.  So the ideal strategy may be to trade pull backs instead of trading a breakout in the coming session, lets watch out how markets span. Happy trading Month ahead.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5495-5510 sustaining above which it will target 5534,5555 and 5600
POWERTRADE TREND DECIDER OF THE DAY ------- 5459-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5395-5400

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5375,5335

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