REVIEW OF 26th Sep 2012 AND UPDATE FOR 27th Sep 2012

NIFTY FUTURE – 26^th     Sep Recap

NIFTY FUT-  yet another range bound and  restrictive day where the entire trading range remained within almost 40 odd points.  Also yet another doji close albeit a little bit on the lower side.  Today market made an open high just below our BULLS LAST STAND point confirming an initial negative mood. But at the same time  we have also  been mentioning that strong swing supports now remain at 5640 levels , just where markets marked a low today and below that 5580 zone.  These are the swing levels to watch out for in coming sessions. Today NIFTY FUT managed to show strong resilience despite weak global cues and managed to hold on without significant losses; shows that the street sentiment is still bullish and we would maintain that view until 5580 holds on a swing basis for now.
NIFTY FUT managed to stage a comeback in the late sessions but overall again traded but failed to clear or attempt the TREND DECIDER of the day. Signifying another range bound session.
NIFTY FUT marked a low of 5643 today. How is this level important? Solve this puzzle. Clue NIFTY FUT is in a range bound move for the entire week. Read on our post for the next session.


POWERSTOCKS AUTOMATED SIGNALS:

• Terrific trade with our Long call on AMBUJACEM_F1. Yesterday entry was taken near 195 blasted today to make and intraday high of above 203. A whopping 8 points profit (Gain: 8*2000 = 16,000 INR per lot)
• Going very strong with our final position on RELCAPITAL. Longs initiated at 377. Closed near 421 today (Gains: 44*500= 22,000 INR on final lot)

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NIFTY FUT again a day of no significant movement. We also initiated a short call in BANKNIFTY Futures today but decided to close it with minor losses when it failed to breakdown swing supports of 11330..Make it a big day for your trading.  And leave your trading worries to us…Looking for decisive trade entries?.. 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 – 27^th   Sep Trading Guide

NIFTY FUT- Firstly the answer to the puzzle posted. NIFTY FUT is still trading within the Friday’s candle for the past few sessions. Today the low marked is exactly the 50% retracement of the last weekly candle( Check your charts) and at the same time above our swing support zone  of 5640 levels. Watch out for this level in the coming sessions and any trade below this level on a sustained basis can weaken the sentiment for a while. And pull the market down. On the upside resistance continue to remain at 5680 and above that a crucial resistance at 5711 levels. Swing resistance still remains at 5735 ( we marked this out last week and so far this has not been cleared) . For intra players though we believe 5711 will be a good level to look out for longs.

Short term momentum indicators  are now neutral and will only appear BULLISH above 5711 and mid term indicators  remain positive above 5580.
Cues to trade this Thursday: Look for a breakout trade above 5711 or a breakdown trade if 5640 cracks else stay out more so because it is an expiry day. Risky contrarian traders may use this level to initiate contra pull back trades with stops at these levels.

 POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5710-15  sustaining above which it will target 5730,5755,5770,5795
POWERTRADE TREND DECIDER OF THE DAY ------- 5665-70
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5640-45
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5615,5595,5580

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.