Wednesday 6 June 2012

REVIEW OF 6th June 2012 AND UPDATE FOR 7th June 2012

NIFTY  FUTURE – 6th  June  Recap
NIFTY FUT had one of those unidirectional trending days making trading a little easier. Anyone who had spend 5 minutes on our blog/guide for yesterday would had known at the onset what to do and we are sure minted big time. We clearly wrote that: “BEARS LAST STAND POINT OF THE DAY -----4880-85  sustaining above which it will target 4905,4925,4953”. And look at market reaction once is opened and sustained above that level. BEARS had very little chance to play all through out the day we had clearly written that break of the trading range will give a very good move, and what a move it was. Hope everyone had a enjoyable trading day.enjoy we say because trading is something that brings lots of stress with it. We need to be able to enjoy it and absorb profits and losses with the same emotions to be able to sustain in the long run.


Our NIFTY FUT subscribers had a ballistic trading day again, they went long above 4900 and booked profits all the way till 4965 making it a huge day of success. What was your trade today? 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 – 7th  June Trading Guide

NIFTY FUT pulled back sharply aided by positive global cues and once it managed to move above 4800 it was a combination of short covering and building longs that propelled it to higher levels. NIFTY FUT now faces immediate resistance at 5005-10 and trading above that will attempt 5030-35 levels and beyond that we can see a test of 5055. On the downside support emerges at 4945-50 and any breach of that will attempt 4925 levels and lower. NIFTY FUT is in positive territory but at the same time momentum indicators are showing some signs of topping out, hence it will be critical to sustain above yesterday’s high for the upmove to continue, else some consolidation can be seen, but until 4925 holds in short term should be ok for the BULLS.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5025-30 sustaining above which it will target 5050, 5075, 5100
POWERTRADE TREND DECIDER OF THE DAY ------- 4950-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4920-25

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4900,4880,4855
Detailed analysis also posted at www.powertrades.blogspot.com

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