REVIEW OF 30th July 2012 AND UPDATE FOR 31st July 2012

NIFTY FUTURE – 30^th   July Recap

NIFTY FUT what a day it turned out to be, where NIFTY FUT managed to break out of this midterm trading range after a good long time. We had mentioned that NIFTY FUT levels are 5155 and breakout levels of 5175 to watch out for. Look at how it spanned out in the opening session. After a gap up, it just opened around 5150 levels and look at the market reaction once 5175 was crossed. It blasted to do our upside targets of 5200 and 5230 respectively. We had clearly advised our readers to look for a breakout trade beyond this range. Markets did move up smartly above that and even when it retraced made a low near 5175 and pulled back to take out the highs. Hope everyone who read our past did make a smart trading day for themselves.

Our NIFTY FUT traders had a blast of a day going long above 5161 and booking profits all the way till 5215. BankNifty future subscribers also had a terrific outing going long above 10405 and booking profits near 10460 zone....... 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 – 31^st   July Trading Guide

NIFTY FUT managed to pull back smartly and closed the day near the highs and closed at a terrific level above the 5200 zone. Now FUT has immediate support at 5202 and trading below that will again attempt the break out zone of 5175 levels. On the upside resistance now emerges at 5229, just above today’s high. Trading beyond that NIFTY FUT will test the crucial resistance zone of 5265-70. This will prove to be the next acid test for the BULLS and any close above this zone of 5270 levels will mean a significant reversal in midterm trend. Short term trend now remains positive as long as NIFTY FUT manages to hold on above 5150 levels. Positional swing players now should create longs in dips towards this levels with SL below 5095. From an intraday perspective there are two options that come through. Contrarian longs in dips keeping the following levels in mind- 5200, 5175, 5150, else in the event of a breakout create longs above 5230 levels with a tight SL.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5225-30 sustaining above which it will target 5265, 5295, 5315
POWERTRADE TREND DECIDER OF THE DAY ------- 5200-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5150-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5135, 5120, 5100

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

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