Monday 11 June 2012

REVIEW OF 11th June 2012 AND UPDATE FOR 12th June 2012

NIFTY  FUTURE – 11th  June  Recap
NIFTY FUT lets analyze two things that we wrote yesterday, 1. “faces immediate resistance at 5100 levels and if managed to sustain above it will target 5125-35 levels where some more resistance may emerge”.  And let us look at the charts to see where markets finally paused today on the upside. Then come to point 2.  We wrote “A word of caution momentum indicators are highly overbought, so if the highs fail to hold some consolidation may be due”   and look at the market reaction when it finally took a U-turn from the high. Also have a note of where the  markets paused on the downside exactly where we wrote positional support will emerge ( Just above 5030 ).

 We leave our recap with just these few words for you to judge.

 Our NIFTY FUT positional subscribers had entered long on 4th and 5th June finally entire profits near 5105 today. We also started entering some positional longs near today’s close as advised to our readers. Where to take the next trade? Did you catch the move in the right time?..... 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 – 12th  June Trading Guide

NIFTY FUT gave away a good part of the gains and managed to close just above the breakout range of yesterday. For now 5030 should emerge as a good support and if NIFTY FUT fails to hold on to this will slide to 5005 levels and lower. Strong positional support now emerges at 4965-80 range and this level will hold the key for the upmove to be intact. On the upside 5085 will be the near term resistance and sustaining above that level will target 5105. Crucial resistance is at 5125 levels now.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5085-90 sustaining above which it will target 5105, 5125, 5140, 5175
POWERTRADE TREND DECIDER OF THE DAY ------- 5055-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5010-15
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4985, 4965,4925
Detailed analysis also posted at www.powertrades.blogspot.com

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