REVIEW OF 7th Feb 2012 AND UPDATE FOR 8th Feb 2012

NIFTY FUTURE – 7^th  Feb  Feb  Recap

NIFTY FUT  we predicted that the 5405 zone will prove as a resistance zone and sustainance above it is important. It failed to hold on to that level and crashed to make an exact bottom near our TREND DECIDER of the Day. Again our levels worked like magic.

Our Intra subscribers went short near 5385 but today we were a little unfortunate as the SPIKE news for GDP forecast took our SL near 5425.But at the same time as we mentioned yesterday our positional players have booked hefty gains near 5400

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NIFTY FUTURE – 8^th  Feb Trading Guide


NIFYT FUT failed to sustain above 5405 levels and gave a slightly bearish closing after a long time. 5405-10 will prove a critical test zone, failing to cross above that may see some short term correction and buying opportunity in good dips from here. We had mentioned 5400 as a good positional target all the while. NIFTY FUT immediate support now comes at 5335-40 levels break of this zone can see a further drift towards 5300-5310 levels. On the upside if manages to sustain above 5410 will aim for higher levels of 5435 and 5455

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5410  sustaining above which it will target 5435,above that 5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5334-5340
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5305-5310

Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5285,5250

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