Tuesday 3 April 2012

REVIEW OF 3rd Apr 2012 AND UPDATE FOR 4th Apr 2012

NIFTY  FUTURE – 3rd Apr  Recap
NIFTY FUT we clearly mentioned again that some consolidation is expected until NIFTY FUT manages to break out of the 5410 zone. Check the nature of the entire day, no significant movement. Also check that despite a gap up it failed to cross the decisive 5410 levels. Hope everyone had this idea in mind and avoided un necessary whipsaws in a small range day like this.

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NIFTY FUTURE – 4th   April Trading Guide

NIFTY FUT had a small daily candle with an indecisive formation. This also becomes significant as the top of this is near crucial resistance zone of 5410-30. Trading below or above this daily candle will signal the next round of movements. Short term momentum indicators are showing faint signs of reversal. But for positional players now we expect Buy on dips strategy until the 5210 levels hold. But scalping intra traders may look for contrarian opportunities too 

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5435-40  sustaining above which it will target 5465, 5490,5510
POWERTRADE TREND DECIDER OF THE DAY ------- 5410-15
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5325-5335
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5295,5265

Detailed analysis also posted at www.powertrades.blogspot.com

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