NIFTY FUTURE – 25th June Recap
NIFTY FUT we wrote that above 5175 will attempt 5200 levels and NIFTY FUT made a high near that region. But due to lack of any significant anticipated announcements markets failed to hold on to 5170 levels and crashed all the way to test the TREND DECIDER of the day, and below that to test 5100 levels. On the downside for today atleast NIFTY FUT managed to hold onto 5090 the positional support mentioned. In fact we were also surprised with the pace of the downfall. To be honest we were expecting NIFTY FUT to hold onto 5125 levels. Whats on store for NIFTY FUT on the coming sessions.
NIFTY FUTURE – 26th June Trading Guide
NIFTY FUT gave its weakest close in last 5 sessions but managed to hold onto 5100 on a closing basis and 5090 on the positional basis. This will form a near term strong positional support and any trade below it will throw NIFTY FUT on a weaker territory. Today’s failure to hold onto 5200 proves that this will prove as a serious resistance and NIFTY FUT may not find it easy to close above this level in coming sessions for this expiry. Options data also suggest on the same lines for now. NIFTY FUT faces immediate resistance now at 5125 levels and if manages to sustain above it will attempt 5150-60 levels. On the downside breach of 5090 will attempt 5050 levels on the downside.
Momentum indicators now point on the downside and only a trade above 5150 will confirm a reversal.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5150-60 sustaining above which it will target 5185,5205,5230
POWERTRADE TREND DECIDER OF THE DAY ------- 5120-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5085-90
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5055, 5030,5004
Detailed analysis also posted at www.powertrades.blogspot.com
NIFTY FUT we wrote that above 5175 will attempt 5200 levels and NIFTY FUT made a high near that region. But due to lack of any significant anticipated announcements markets failed to hold on to 5170 levels and crashed all the way to test the TREND DECIDER of the day, and below that to test 5100 levels. On the downside for today atleast NIFTY FUT managed to hold onto 5090 the positional support mentioned. In fact we were also surprised with the pace of the downfall. To be honest we were expecting NIFTY FUT to hold onto 5125 levels. Whats on store for NIFTY FUT on the coming sessions.
Our NIFTY FUT subscribers managed to get a decent gain going
long at 5180 and booking profits in nick of time at 5200 exactly. This is one
of the reasons why we didn’t venture into a short trade. But that was a good opportunity...
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NIFTY FUTURE – 26th June Trading Guide
NIFTY FUT gave its weakest close in last 5 sessions but managed to hold onto 5100 on a closing basis and 5090 on the positional basis. This will form a near term strong positional support and any trade below it will throw NIFTY FUT on a weaker territory. Today’s failure to hold onto 5200 proves that this will prove as a serious resistance and NIFTY FUT may not find it easy to close above this level in coming sessions for this expiry. Options data also suggest on the same lines for now. NIFTY FUT faces immediate resistance now at 5125 levels and if manages to sustain above it will attempt 5150-60 levels. On the downside breach of 5090 will attempt 5050 levels on the downside.
Momentum indicators now point on the downside and only a trade above 5150 will confirm a reversal.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5150-60 sustaining above which it will target 5185,5205,5230
POWERTRADE TREND DECIDER OF THE DAY ------- 5120-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5085-90
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5055, 5030,5004
Detailed analysis also posted at www.powertrades.blogspot.com
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