REVIEW OF 12th July 2012 AND UPDATE FOR 13th July 2012

NIFTY  FUTURE – 12^th  July Recap

NIFTY FUT cracked big time on the back of poor guidance for the IT sector and weak global cues. Look what we wrote yesterday “support now emerges at 5310. Since the trading range created is small it is advisable to only initiate trades on the break out of this range. Short traders should wait for decisive break of 5290 only.”  NIFTY FUT opened gap down below 5290 with a high near 5280 and drifted downwards to test 5250 levels. which we had mentioned few sessions back is a crucial positional support. We had highlighted that the highs and lows of yesterday are extremely critical and a breach of either of the levels will give a good move in either direction. Our trading call was completely justified with the move witnessed today. Once it got breached markets quick fell down again to exactly make a low at 5228 which is the 50% retracement level for the range of 5365-5089. NIFTY FUT managed to hold these levels and barely close near 5250 levels. Markets also witnessed the highest volumes in the last 10 trading session.

 Our NIFTY FUT traders went short below 5250 and booked instant 20 odd points profits in no time. At the same time our BANKNIFTY subscribers also went short below 10630 and booked profits near 10575...... 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 – 13^th  July Trading Guide

Sign up and trade with powertrade affiliated brokers, get services worth 9500 INR absolutely FREE. Experience the power of trading well researched recommendations. For details contact us at www.powertrade.co.in

NIFTY FUT managed to close just around 5250 levels after testing a crucial retracement level of 5228. This will now prove as an immediate support and any breach of that will test 5200 levels. On the upside immediate resistance now comes at 5273 and trading above that level will attempt 5300 levels. If manages to sustain above that level then NIFTY FUT will test 5330 and higher. On the downside expect buying to emerge at 5200 levels  and any sustained breach of that will signal the end of the upmove that we had witnessed.  A breach of that will test the gap of 5150-5200. Momentum indicators will favor the BEARS until NIFTY FUT manages to hold below 5290 levels.

please note these are not just pivot points. These are trading levels where we believe market momentum is in inflection points and are meant to provide guidance to traders.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5300-05  sustaining above which it will target 5325,5355,5380,5405
POWERTRADE TREND DECIDER OF THE DAY ------- 5245-50
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5205-10
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5185,5155,5135
Detailed analysis also posted at www.powertrades.blogspot.com

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