NIFTY FUTURE – 23rd May Recap
NIFTY FUT we observed that it is in a “strong bear hold for now” we also mentioned that that yesterday 4830 levels will act as a support and look how this support turned into such a critical resistance once markets gapped down below that level. We also mentioned that below 4830 , 4805 levels will be tested and that’s what happened once it failed to sustain that level. Beyond that it was marked that NIFTY FUT can drift to 4765 levels, incidentally NIFTY FUT held on a little higher than that level to give a range bound choppy day.
NIFTY FUTURE – 24th May Trading Guide
NIFTY FUT managed to close above 4800 marginally and created another bottom at the 4700 levels, indicating that for now that’s becoming the final hold for the BULLS. Now this zone of 4765-80 levels will be very critical to watch out in the coming sessions. On the upside resistance now emerges at 4830-35 and a breach above that level with volumes will signal a sort of come back for long players. Global cues flowing in in the next few sessions and RBI intervention to hold the RUPEE slide will be critical in determining the next leg of direction for the markets.
We should see some good movement for either the breach of 4765 levels on the downside or 4855 levels on the upside and advice is to use this levels as strict stops in coming sessions. Let see how it spans out in the coming sessions. Meanwhile we did also like to hear back from you all on your views justified with some technical/fundamental analysis of course
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4845-55 sustaining above which it will target 4880,4903,4925
POWERTRADE TREND DECIDER OF THE DAY ------- 4795-4800
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4760-65
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4730,4705,4680
NIFTY FUT we observed that it is in a “strong bear hold for now” we also mentioned that that yesterday 4830 levels will act as a support and look how this support turned into such a critical resistance once markets gapped down below that level. We also mentioned that below 4830 , 4805 levels will be tested and that’s what happened once it failed to sustain that level. Beyond that it was marked that NIFTY FUT can drift to 4765 levels, incidentally NIFTY FUT held on a little higher than that level to give a range bound choppy day.
Range bound choppy days
are the most difficult to trade and it gives any trader immense pleasure to
come out winners on those days.Our subcribers just had this little joy today.
We went long at 4798 and booked profits just in time at 4822 levels.. 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.
Are
you still Awestruck with the accuracy of our sureshot research to detect market
turning points in advance? Unable to trade accurately ...Get in touch with our
helpdesk at www.powertrade.co.in...Team Powertrade will show you the way to a
more confident and stress free trading advisory service.
Are you trading with Powertrade
affiliated brokers? If yes then claim your fabulous discount .Get one month of
Powertrade calls free. Else just sign up and trade under our partner broker
Today . For details contact us
NIFTY FUTURE – 24th May Trading Guide
NIFTY FUT managed to close above 4800 marginally and created another bottom at the 4700 levels, indicating that for now that’s becoming the final hold for the BULLS. Now this zone of 4765-80 levels will be very critical to watch out in the coming sessions. On the upside resistance now emerges at 4830-35 and a breach above that level with volumes will signal a sort of come back for long players. Global cues flowing in in the next few sessions and RBI intervention to hold the RUPEE slide will be critical in determining the next leg of direction for the markets.
We should see some good movement for either the breach of 4765 levels on the downside or 4855 levels on the upside and advice is to use this levels as strict stops in coming sessions. Let see how it spans out in the coming sessions. Meanwhile we did also like to hear back from you all on your views justified with some technical/fundamental analysis of course
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4845-55 sustaining above which it will target 4880,4903,4925
POWERTRADE TREND DECIDER OF THE DAY ------- 4795-4800
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4760-65
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4730,4705,4680
We at Powertrade believe A Successful Trade is a result
of the finest blending of absolute money management skills along with time
tested analytical skills refined with conviction. So if you need expert hand
holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages
which are loaded with Points Commitment Challenge.
No comments:
Post a Comment