REVIEW OF 5th July 2012 AND UPDATE FOR 6th July 2012

NIFTY  FUTURE – 5^th  July Recap

NIFTY FUT again had a range bound session giving hints of a breakout towards the late session. NIFTY FUT was trading in a small range that was within the range for the past few days. We remarked that 5325 is the BEARS STAND point of the day is 5325 and beyond that market will target 5355. Check the High made after 5325 was taken out (High made 5354.5). We also have been talking about in the past few sessions that market is pointing upwards and today’s upmove justified our trading decision. The only point of concern was that neither the upmove is decisive nor was it with good volumes. What’s next with the markets? Markets have been testing and once must trade with the right stops and techniques and also realize at the same time that not always does markets provide trading opportunities for intra day traders.

Our NIFTY FUT had another good session today, they went long above 5325 just as per ou Trading guide and booked profits in time at 5350 levels.. 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 – 06^th  July Trading Guide

NIFTY FUT managed to create a new high and also closed at higher levels than the past few sessions. NIFTY FUT now faces immediate resistance at 5355 levels and only a decisive break above that will help propel it to test 5400 levels. On the Downside immediate resistance now comes at 5325 levels and a break below that will test 5300 levels. Aggressive positional traders may wish to keep strict stops near 5300 levels. While intra traders either should avoid this range and look for a decisive break above the range or look for quick scalping contrarian trades. Momentum indicators will remain positive until 5300 manages to hold for now.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5355-60 sustaining above which it will target 5405,5435, 5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5325-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5295-5300
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5280,5255,5220

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

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