REVIEW OF 8th Feb 2012 AND UPDATE FOR 9th Feb 2012

NIFTY FUTURE – 8^th Feb  Feb  Recap

NIFTY FUT we mentioned that once market will cross 5405 will attempt 5435 levels. We also mentioned that trend decider of the say as 5434-5440 .NIFTY made a panic low right above that at 5343 and gave a massive pull back to close near 5400 levels. NIFTY FUT is trading highly choppy with breaking levels but neither able to sustain above or below the zones. This indicates Bulls and Bears still are both proving strong for now

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NIFTY FUTURE – 9^th  Feb Trading Guide

NIFYT FUT still didn’t manage to break our TREND DECIDER levels of 5335  and managed to give a smart pull back,so the BULLS are still holding ground. INTRA players can create longs with reversal below 5435 zone. On the Upside while it is making higher highs until it gives a definite close above that range no decisive upmove is possible.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5420 sustaining above which it will target 5445,above that 5475
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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