NIFTY FUTURE – 12th Apr Recap
NIFTY FUT we clearly mentioned that above 5275, 5300 is on the cards, check NIFTY FUT once managed to cross 5275 in the morning never went below and did our upside target. We also mentioned that the TREND DECIDER of the day is 5305, NIFTY FUT made a high just there and failed to sustain above it. NIFTY had another pretty much range bound day without much significant action. For intra traders it is important to trade with lot of patience on these days. While it is important to book quick profits when one may also trail some positions to always look for an impending break out of range.
NIFTY FUTURE – 13th April Trading Guide
NIFTY FUT now faces immediate resistance at 5300-05
levels. Trading above which it can make a dash to 5325 levels. On the downside
support now comes at 5370-75 levels. Trading below which it can again attempt
the 5235 and lower. Yesterday we mentioned that the short term momentum indicators
are showing signs of reversals, and today’s upmove justified our analysis.
NIFTY FUT short term ATR is now at a very low level indicating that we may
expect a range break out sometime soon. Lets watch out for the upcoming few
trading sessions.
POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5325-35 sustaining above which it will target 5350,5395
POWERTRADE TREND DECIDER OF THE DAY ------- 5270-5275
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5250-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5235,5210, 5190
NIFTY FUT we clearly mentioned that above 5275, 5300 is on the cards, check NIFTY FUT once managed to cross 5275 in the morning never went below and did our upside target. We also mentioned that the TREND DECIDER of the day is 5305, NIFTY FUT made a high just there and failed to sustain above it. NIFTY had another pretty much range bound day without much significant action. For intra traders it is important to trade with lot of patience on these days. While it is important to book quick profits when one may also trail some positions to always look for an impending break out of range.
As advised on the blog our subscribers went long at 5275 levels and booked
profits near 5295 levels.What was your trade? You can leave all your trading
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and stress free trading advisory service.NIFTY FUTURE – 13th April Trading Guide
POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5325-35 sustaining above which it will target 5350,5395
POWERTRADE TREND DECIDER OF THE DAY ------- 5270-5275
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5250-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5235,5210, 5190
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