REVIEW OF 6th July 2012 AND UPDATE FOR 9th July 2012

NIFTY  FUTURE – 6^th  July Recap

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NIFTY FUT completed another range bound session of trading with the day’s range of just about 40 odd points. This also completed a range bound week where the entire range of the week was merely 80 odd points. NIFTY FUT we mentioned that holding on to 5300 levels be the key and markets marked a low exactly there to hold on and close near 5330 levels. also as mentioned 5350 was the resistance levels, and markets failed to cross and sustain above that levels. Overall volumes for the week also were very muted.

Not much to write home about but this days or weeks performance but at the same time this needs to be kept in mind that the with a range bound week like this a big break out always is around the corner. Meanwhile as intra day traders one need to be patient and look for trading opportunity when it comes rather than trying to find opportunities. Also at the same time its ok to go wrong, but one must try to learn from them too.

Our NIFTY FUT had didn’t have a great session today, they went long near 5330 levels and sensing a failed breakout exit with some losses. While our BANKNIFTY FUT subscribers managed a good trade booking upto 60 odd points of profits... 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. 

NIFTY FUTURE – 09^th  July Trading Guide

NIFTY FUT had a range bound week, creating a new high compared to last week and with significantly lower volumes. This week was a restricted range and for positional traders now this week’s low and high will be a crucial point to watch out. BULLS will rule above 5355 levels on the upside and on the downside 5280 levels  will hold the last bastion for long players.  Intraday traders will find some support at 5300 levels and immediate resistance now comes at 5355 levels. If manages to trade above it will attempt 5400 levels on the upside. On the downside any breach of the 5280 levels will attempt 5250 levels and lower. Long term momentum indicators are pointing on the upside, and this will hold true until 5280 levels hold. We will hold the trading levels as the same for Monday.

Also note that this is a news heavy week and keep track of them as well.

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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