REVIEW OF 28th June 2012 AND UPDATE FOR 29th June 2012

NIFTY  FUTURE – 28^th   June  Recap

NIFTY FUT another terribly range bound day for NIFTY FUT, somewhat on expected lines , given than expiry was due today, most options positions would have expired as it is. Option sellers earned a good deal this series as past 10 odd trading sessions there was no significant movement. NIFTY FUT again traded within a small 40 points range without giving a significant break on either side. This range has proved increasingly difficult to break through. But with the new series starting we hope we will see some traction sooner than later.

Our NIFTY FUT subscribers did not take any trades today. We had a fantastic month Trading NIFTY and BANKNIFTY Futures combined. More details will be published onto our parent website soon.

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NIFTY FUTURE – 29^th  June Trading Guide

NIFTY FUT tested 5120 levels and managed to close near 5140.  This is pretty much a replica of the trading range of yesterday. Volumes still remain muted than average trading volumes. Since NIFTY FUT is stuck within a small range for a long time. Safe traders may better avoid trades within the range but also at the same time prepare to trade the break out of this range. AS NIFTY FUT spends more time in this zone the chances of a decisive move definitely increases. NIFTY FUT levels pretty much remain the same as previous day with minor changes. Trade with the exact levels given to catch the breakout move if and when it happens.

Momentum indicators will point on upside only on a movement and sustenance above 5160 levels and within this range Momentum indicators will largely stay neutral, But at the same time larger the time spend in consolidation larger is the chances of a strong movement on either direction.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5175-80 sustaining above which it will target 5205,5230,5255
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, 5030,5000

Detailed analysis also posted at www.powertrades.blogspot.com

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