NIFTY FUTURE – 25th May Recap
NIFTY FUT we mentioned on Friday has immediate resistance at 4935 and look at the high made on Friday. Exactly below our resistance. We observed that despite the pull back bear players will not give up easily and that’s what happened, even after the break out rally on Thursday there was not much follow movement on Friday. We also mentioned that support will emerge at 4880 and NIFTY FUT made a exact low there to give a smart pullback.
NIFTY FUT faces a good resistance band now at 4935-50 zone and only a good breakout above this range will see a further upmove to higher levels. On the downside good support emerges at 4900 levels and below that at 4875. Only a breach of this will see some downside. Curcial positional resistance emerges at 4975-80 and a close above that will mean BULLS may hold the centrestage. Momentum indicators show that still some upside may be on the cards if 4900 levels manages to hold.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4975-80 sustaining above which it will target 4995,5025,5040
POWERTRADE TREND DECIDER OF THE DAY ------- 4900-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4870-75
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4855, 4835,4810
NIFTY FUT we mentioned on Friday has immediate resistance at 4935 and look at the high made on Friday. Exactly below our resistance. We observed that despite the pull back bear players will not give up easily and that’s what happened, even after the break out rally on Thursday there was not much follow movement on Friday. We also mentioned that support will emerge at 4880 and NIFTY FUT made a exact low there to give a smart pullback.
Our NIFTY FUT subscribers
had a decent day going long at 4890 levels and booking partial profits at 4923
levels and then the we had a trailing stop hit on the rest of the positions..
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NIFTY FUTURE – 28th
May Trading GuideNIFTY FUT faces a good resistance band now at 4935-50 zone and only a good breakout above this range will see a further upmove to higher levels. On the downside good support emerges at 4900 levels and below that at 4875. Only a breach of this will see some downside. Curcial positional resistance emerges at 4975-80 and a close above that will mean BULLS may hold the centrestage. Momentum indicators show that still some upside may be on the cards if 4900 levels manages to hold.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4975-80 sustaining above which it will target 4995,5025,5040
POWERTRADE TREND DECIDER OF THE DAY ------- 4900-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4870-75
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4855, 4835,4810
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