NIFTY FUTURE – 29th
June Recap
28th June Trading Guide: “NIFTY FUT managed to close near 5140 again and another significant thing to note was it made a higher low compared to last few sessions,…... AS NIFTY FUT spends more time in this zone the chances of a decisive move definitely increases”
27th June Trading Guide: “are until 5090 manages to hold. Positional long players can keep a stop 20 points lower than this level and hold”
We have been harping on this that the more time markets spend in a range the chances of a decisive break out increases and Friday’s market move just points to that.
NIFTY FUTURE – 02nd July Trading Guide
NIFTY FUT gave a massive break out taking into account both fundamental and technical factors and managed to test 5300 in a single day’s rally but just closed below it. NIFTY FUT now faces immediate resistance at 5305 and trading above which will attempt 5330 levels. Further beyond that 5350 is on the cards. Strong positional resistance now comes at 5400 levels. On the downside support now emerges at 5230-50 zone. Positional support will be at 5180-5200 levels . NIFTY FUT range has expanded now and hence INTRA traders need to keep that in mind when placing stops and targets. Wish you all a very happy trading month ahead.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5350-55 sustaining above which it will target 5275,5405,5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5250-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5225-30
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5205,5185,5165
NIFTY
FUT we would like to sum up the movement of 29th Jun with snippets
from what we have been writing and advising traders over the past few days.
Wrote for 29th Trading guide: “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. “ 28th June Trading Guide: “NIFTY FUT managed to close near 5140 again and another significant thing to note was it made a higher low compared to last few sessions,…... AS NIFTY FUT spends more time in this zone the chances of a decisive move definitely increases”
27th June Trading Guide: “are until 5090 manages to hold. Positional long players can keep a stop 20 points lower than this level and hold”
We have been harping on this that the more time markets spend in a range the chances of a decisive break out increases and Friday’s market move just points to that.
Trading Gap ups and downs are difficult but we managed to do
that well, Our NIFTY FUT subscribers went long above 5250 and booked profits at
5285. Our BANKNIFTY FUT subscribers booked nearly 160 pts intraday. Also the
start performers were the longs players in NIFTY FUT and BANKNFITY. As advised on
the blog we kept stops below 5090 for NIFTY FUT and booked massive gains. 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
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NIFTY FUTURE – 02nd July Trading Guide
NIFTY FUT gave a massive break out taking into account both fundamental and technical factors and managed to test 5300 in a single day’s rally but just closed below it. NIFTY FUT now faces immediate resistance at 5305 and trading above which will attempt 5330 levels. Further beyond that 5350 is on the cards. Strong positional resistance now comes at 5400 levels. On the downside support now emerges at 5230-50 zone. Positional support will be at 5180-5200 levels . NIFTY FUT range has expanded now and hence INTRA traders need to keep that in mind when placing stops and targets. Wish you all a very happy trading month ahead.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5350-55 sustaining above which it will target 5275,5405,5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5250-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5225-30
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5205,5185,5165
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