REVIEW OF 7th May 2012 AND UPDATE FOR 8th May 2012

NIFTY  FUTURE – 4^th  May  Recap

NIFTY FUT we clearly mentioned again that “charts now look terribly oversold and may expect a technical bounce back” and what a pullback that was. Today was another classical day where a gap down turned a support to a resistance (BULLS LAST STAND POINT) and look how that markets blasted once past our that level to make a high and pause exactly near our TREND DECIDER of the day. Hope everyone had a good trading day today too an enjoyed the bounce back rally.

Our subscribers had another good day of trading and went long at 5017 and booked profits all the way till 5123, making it two consecutive days of massive gains second day in a row. 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 – 8^th May Trading Guide

NIFTY FUT now pulled back smartly to close at near 5140 levels. Now faces immediate resistance at 5150 zone. Trading above which will challenge the critical 5180-90 resistance band. Any positional close above it will bring back the Back the Postional BULLS. Immediate support now comes at 5110 levels and trading below It will attempt the 5080 support zone.  The strong closing suggests that the Pullback rally may not be done yet. Watch out for 5185 levels.


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5185-90 sustaining above which it will target 5205, 5225
POWERTRADE TREND DECIDER OF THE DAY ------- 5130-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5050-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----  5025,4980,4940
Detailed analysis also posted at www.powertrades.blogspot.com

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