Tuesday 24 July 2012

REVIEW OF 24th July 2012 AND UPDATE FOR 25th July 2012

NIFTY  FUTURE – 24th  July Recap
NIFTY FUT  we mentioned that he support levels of 5100 is crucial to watch out for. NIFTY FUT made a low just above it. We also mentioned that holding these levels will test 5135 and if it manages to trade above 5135 will attempt 5155 levels. Look at the market reaction during the day session. Once it tested the lows of the day NIFTY FUT pulled back to test 5135 and beyond that made a high just below our levels (High made 5152).  Again our levels worked like magic for our traders.

 Our NIFTY FUT traders went long  at 5133 but not seeing significant movement decide to close the trade near cost........ 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 – 25th   July Trading Guide
NIFTY FUT jus closed at 5135 levels. This was the trend decider of the day today. Overall NIFTY FUT gailed to give an decisive move on either side for us to conclude any change of trend.  FUT now faces immediate resistance again at 5155 levels and trading above that will test the crucial resistance zone of 5175 again. On the downside support is at 5090-5100 levels and any breach of it will test the lower levels of 5060. Where multiple positional supports emerge. NIFTY FUT  short term trend remains down below 5135 and will turn bearish below 5095 levels. On the upside positive trend will emerge if NIFTY FUT manages to pull back above 5155 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 -----5150-55 sustaining above which it will target 5175,5195,5210
POWERTRADE TREND DECIDER OF THE DAY ------- 5130-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5090-95
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5060,5045,5105
Detailed analysis also posted at www.powertrades.blogspot.com

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