REVIEW OF 21st Sep 2012 AND UPDATE FOR 24th Sep 2012

NIFTY FUTURE – 21^st    Sep Recap

NIFTY FUT- what a day of ballistic move for the markets. Lets quickly sum it up with what we had written for cues for the day for Friday. We had asked traders to – “look for a breakdown trade below 5520 levels or  a breakout trade above 5605 levels”  we had also marked 5600-05 as the BEARS LAST STAND point of the day. This clearly meant that once that level is crossed BEARS will have a little chance for the rest of the day. Look how it played out. In the Morning first 5 minutes that level was taken out  and markets kept the momentum going.  We initiated our longs too just above that level and had also posted a snapshot of it at our FB page. This was one of those uni directional trending days where markets got in with some good volumes and kept moving upwards. This was also because of the fact that we had very restrained movement in the past few sessions. We had mentioned in our blog on Thursday that the more time markets spend within a range the chances of a breakout in either direction increases more.
Now markets made a crucial high today and just closed at our marked level of 5710. We had written well in advance that this is the crucial positional resistance.
Why is that level important? What are the projections beyond that level? Read our post for the next session?

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·         AXISBANK Futures long taken above 1070 closing Price: 1126 (Gains: 56*250 =14,000 INR)

·         RELCAPITAL Futures long taken at 377  Closing Price :403 (Gains: 26*500= 13,000 INR)

·         LT Futures Long at 1557. Closing Price: 1587 (Gains:30*250=4500 INR

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NIFTY FUT intraday longs were initiated above 5605 and final profits were booked around 5690 as per our advice. We also had a ballistic trading session with BankNifty going long above 11050 and we all know where Banknifty futures finally closed. Massive gains for our premium subscribers in a single trading session.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 – 24^th   Sep Trading Guide

NIFTY FUT managed to make a high just above our crucial resistance zone and closed near that levels. For NIFTY spot 5710 and for futures 5725 levels is a crucial level to watch out for. NIFTY FUT has immediate resistance too at 5725-35 zone and clearing that will mean that the upmove is not yet done and we should see some more rise on the upside. Support now emerges at 5665-70 range and a breach of that on the downside could again test 5640 levels and lower. Below those levels market can test 5620 and crucial swing support now emerges at 5580-5600 levels.
Let’ s review why is 5725 such a crucial level. This is the retracement level for  recent highs till this level was taken out and the lows of 5034. If we manage to clear this what is next on a swing basis. A near term resistance comes at 5760 as well and this has to be watched out. Above that  we have a serious chance of attempting 6000 levels and 6144 for on the upside. Mark these levels in your positional charts. And keep a track of them. Also on the downside swing basis support levels to watch out for is 5540 and 5480 levels for swing pull backs.
Again these levels are published for long term swing basis. For intraday traders refer to our trading levels for your trade.

Cues to trade this Monday: Look for a long trade if NIFTY FUT sustains above 5725-35 levels and also look for a short trade incase NIFTY FUT move below 5700 levels and sustains below It with stops above 5735.On the downside look for a pullback trade near 5670 levels with tight stops.

 POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5625-35 sustaining above which it will target 5755,5770,5795
POWERTRADE TREND DECIDER OF THE DAY ------- 5695-5700
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5665-70
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5640,5615,5595

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.