REVIEW OF 7th Aug 2012 AND UPDATE FOR 8th Aug 2012

NIFTY FUTURE – 7^th  Aug  Recap

NIFTY FUT we wrote that “NIFTY FUT faces immediate hurdle at 5320 and trading above which will attempt 5360 levels which should be a significant hurdle” Look at the reaction once 5320 was crossed it moved higher to attempt 5360 and just made a high above it respecting the resistance. We had clearly advised traders to look for breakout longs above the hurdle level. This was one of those simpler trading days where market moved more or less in an unilateral direction to give handsome gains for traders. Anyone who followed the post yesterday would had made a god trade hopefully. Again the levels worked good. Once NIFTY FUT managed to trade above the TREND DECIDER one should had looked to create longs only trying to attempt target levels of BEARS LAST STAND POINT

Our NIFTY FUT had a great day going long above 5320 and bookings profits all the way till 5360 levels. Our BankNifty subscribers too made two killer trades earning near 100 points in total in a single session......... 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 – 9^th   Aug Trading Guide

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NIFTY FUT had a strong trading session moving up smartly to attempt 5360 levels yesterday. Immediate Hurdle now comes at this level of 5365-70 and managing to cross that will attempt higher levels. Long term chart hurdle now comes at 5380 and above that at 5410. Any close there are no short term hurdle near these ranges and any close above 5410 markets will, be poised to test 5542 levels in the near future. Immediate support now emerges at 5320 and if NIFTY FUT manages to move below it will again test 5300 and 5280 levels. Short term momentum indicators still hold positive until NIFTY FUT manages to hold above 5320.
Few session back we wrote that support about support near 5175-80 levels clearly and advised positional entries for long near those levels. Same was given to our swing subscribers and today they are sitting in hefty gains within a week’s trade.

Cues for Trading Today: Long in dips with support near 5320 or break out longs above 5365. On the other side if NIFTY FUT fails to sustain above 5365 levels till around mid-session look to take contrarian shorts with stops above it. Overall long trades are favored until we see an change in immediate trend.
Please note these are not just pivot points. These are trading levels where we believe market momentum is in inflection points and are meant to provide guidance to traders.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5365-70 sustaining above which it will target 5377,5410,5435
POWERTRADE TREND DECIDER OF THE DAY ------- 5320-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5275-80
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5245,5230

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.