NIFTY FUTURE – 29th May Recap
NIFTY FUT we mentioned today that the BEARS LAST STAND point of the day is 5005, check the level which marked failed to break out of. We also mentioned that the TREND DECIDER OF the day is 4970 and sustaining above that will mean favorable for bulls, market again too support exactly there to make a top near our BULLS LAST STAND point. Yesterday we wrote that momentum indicators are topping our and hence “may see some consolidation on the cards” and that’s what again exactly happened here. NIFTY FUT is playing tough in recent times for intra players and to come out on top of it with decent analysis and subsequent trades does give a lot of satisfaction. What to expect in coming sessions?
NIFTY FUTURE – 30th May Trading Guide
NIFTY FUT failed to close above 5000 zone showing signs of soe exhaustion in the upmove. Also a point to note is expiry is around the corner and whether we will see a 5000 plus expiry on not is something to watch out for. To be very honest this is a zone which swing players or positional players should watch out how it plays. Upmove will be comfirmed once we manage to move above 5030 positionally. For intra players again, look for short sweet gains as choppiness may increase until this range is cleared. NIFTY FUT faces immediate resistance now again at 5000-05. Since we pretty much trades within yesterday’s range the levels wont change significantly for tomorrow. Also readers are advised to keep a tap on our past few posts.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5000-05 sustaining above which it will target 5025,5050, 5077
POWERTRADE TREND DECIDER OF THE DAY ------- 4965-70
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4925-30
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4905,4855,4855, 4835
NIFTY FUT we mentioned today that the BEARS LAST STAND point of the day is 5005, check the level which marked failed to break out of. We also mentioned that the TREND DECIDER OF the day is 4970 and sustaining above that will mean favorable for bulls, market again too support exactly there to make a top near our BULLS LAST STAND point. Yesterday we wrote that momentum indicators are topping our and hence “may see some consolidation on the cards” and that’s what again exactly happened here. NIFTY FUT is playing tough in recent times for intra players and to come out on top of it with decent analysis and subsequent trades does give a lot of satisfaction. What to expect in coming sessions?
Our NIFTY FUT subscribers
had a very satisfying day though with marginal gains only. But we say
satisfying because to be able to create trades in range bound choppy sessions
and exit successfully does give a lot of happiness. We went long at 4974 and
booked profits in the nick of time at 5002 levels. A small day of gain but
worth it.. Are you still guessing where to trade.Did you take a similar trade
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NIFTY FUTURE – 30th May Trading Guide
NIFTY FUT failed to close above 5000 zone showing signs of soe exhaustion in the upmove. Also a point to note is expiry is around the corner and whether we will see a 5000 plus expiry on not is something to watch out for. To be very honest this is a zone which swing players or positional players should watch out how it plays. Upmove will be comfirmed once we manage to move above 5030 positionally. For intra players again, look for short sweet gains as choppiness may increase until this range is cleared. NIFTY FUT faces immediate resistance now again at 5000-05. Since we pretty much trades within yesterday’s range the levels wont change significantly for tomorrow. Also readers are advised to keep a tap on our past few posts.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5000-05 sustaining above which it will target 5025,5050, 5077
POWERTRADE TREND DECIDER OF THE DAY ------- 4965-70
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4925-30
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4905,4855,4855, 4835
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