REVIEW OF 28th Aug 2012 AND UPDATE FOR 29th Aug 2012

NIFTY FUTURE – 28^th     Aug  Recap

NIFTY FUT we mentioned that 5350 is a crucial support level to watch out and wrote that a breach of 5350 will test 5325,Look at the market reaction once 5350 was broken. (low made 5320.95). we also wrote “5325 levels where we expect some support to emerge for a technical bounce back”. What happened when that level was tested? Markets did bounce back sharply to test 5350 levels again on the upside, couldn’t sustain there and closed below it.
What were our cues for trading today?
“Cues for Trading on Tuesday: Look for short in rise till 5380 or use that as stops, Risky contrarian traders can target longs above 5380 levels with close stops. Also look for a breakdown short below 5350”
It again worked to perfection, both shorts with using 5380 as stops and at the same time shorts below 5350. To test our support levels. Just to highlight the importance of our BULLS LAST Stand POINT, mentioned at 5255.once that was breached in morning session meant that it will favor the BEARS in the trading sessions. Markets also respected those levels to favor the short players.
How to trade the coming sessions? Where are the recent support levels? When should I look for re initiating longs?

Avail our special offer for our advanced Automated trading signals. Visit our Facebook page or Feel free to call our Helpdesk

Our subscribers in NIFTY FUT just as written in our blog went short below 5350 levels and exited in quick profits till 5331. Our Banknifty future subcribers had a ballistic day again going short at 10140 during the second session of the day and managed to book gains till 10065 on the downside. Our Smartsignals too gave a fantastic trading call going short near 10105 and giving away good gains (Lows made 10040 levels). Are you still worried about your trade entries? Are you missing on these turning points entries? How about looking at our points guaranteed services. …... Where to take the next trade? Did you catch the move in the right time?.... Are you still guessing where to trade? Subscribe to our premium calls and leave your trade entry and exit worries to us. 

NIFTY FUTURE – 29^th     Aug Trading Guide

Experience India’s First premium live automated Algo based trading signals for Bank Nifty Futures Like us at www.facebook.com/powertade.trading. Benefit from emotion Free Rule based trading to create a community of disciplined winning traders.

NIFTY FUT tested 5355 levels on the upside which was mentioned as our BULLS LAST STAND POINT and failed to gave a sustained close above it. Immediate hurdle now comes at 5355 and a cross of that will quickly test 5375-80 levels. We had mentioned in quite a few posts over this month that 5320 is a positional support (markets low made exactly there on the trading session on 28^th ). Until these lows are respected expect some bounce back and buying to emerge for higher levels. Also until this is respected the long term trend remains Up for now. What is important now is to watch out how strong the pull back is? We may safely assume that the pullback holds good for higher levels only when NIFTY FUT manages to surface above 5425. Until then any pull back needs to watched with caution.
Now immediate support comes at 5320 levels and a breach of that will test the lows of 5300 and 5280 on the downside. Intraday trading is a different ball game; risky players can look to initiate quick pull back longs only above 5375 levels.

Cues for Trading on Wednesday: IF NIFTY holds above 5350; Look for longs near 5355 levels with 28^th’s low as SL. Or a risky long above 5375. On the downside if markets fail to sustain above 5350 again look for reentering shorts below 5350 with tight stops and potential reversals too this time. Also until something drastic happens 5320 should offer some support in coming sessions. A word of caution: we are heading into expiry, trade with low volumes and trade safe.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5375-80 sustaining above which it will target 5490,5406,5425,5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5350-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5320-25
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5305, 5285, 5255

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

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.