REVIEW OF 09th May 2012 AND UPDATE FOR 10th May 2012

NIFTY  FUTURE – 9^th  May  Recap

NIFTY FUT we mentioned that “faces immediate resistance now at 5030-35 “ check the high in NIFTY FUT made just exactly below that and crashed to give a whopping returns. NIFTY FUT opened exactly around our support zone mentioned at 4970-80 and pulled to test the resistance band that is our TREND DECIDER OF THE DAY and from there fell all the way to make a low exactly above our BULLS LAST STAND POINT. Failing to breach that NIFTY pulled back and closed a little higher. Our levels again worked great here in this market. NIFTY FUT trading range has expanded significantly in the past few days giving a lot of trading opportunity to intraday players. Overall the outlook remains weak for positional longs. Where to take the next trade read on..

Our subscribers went short just like our advice at 5025 and booked profits all the wat till 4965 making it another strong intraday performance. Not all trading days are like this but with the expanded trading range and our right calls returns have been good. Are you still guessing where to trade.Did you take a similar trade and captured the opportunity? Are you still worried where to take the trade entries? Subscribe to our premium calls and leave your trade entry and exit worries to us. 

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NIFTY FUTURE – 10^th May Trading Guide

NIFTY FUT now faces immediate resistance at 5005, trading above which will attempt 5030 levels. On the downside support has now emerged at 4945-55 band and any breach of this will lead to another downward spiral of price movements. Positional BULLS still have to watch out for 5180 until new levels emerge. Momentum indicators are lagging near oversold zones but not over sold yet, so there is no decisive signal of a turn around yet.  Watch out for the breach of the above mentioned levels for the next leg of market directions


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5030-35 sustaining above which it will target
5055,5085,5205, 5225
POWERTRADE TREND DECIDER OF THE DAY ------- 4945-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4940-50
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----  4920,4875,4840
Detailed analysis also posted at www.powertrades.blogspot.com

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