REVIEW OF 31st Aug 2012 AND UPDATE FOR 3rd Sep 2012

NIFTY FUTURE – 31^st  Aug  Recap

NIFTY FUT, we had mentioned that the TREND DECIDER of the day is 5325 levels and this is where immediate resistance was supposed to come. NIFTY FUT made a morning high just there above this level and also an intra day high at the same zones. But failing to sustain these levels NIFTY FUT crashed to test the the BULLS LAST STAND point of the day at 5280-85 levels. Below that the target identified was 5265, NIFTY FUT low made just around that level again. We have been talking that 5250-55 is a crucial support level and this was again not breached today, NIFTY FUT found some support there and managed to pull back to close a shade above 5280 levels.
 As part of cues for trading we had advised to go play contrarian trades within the range and any contrarian shorts on upmove would had yielded good results for intra day players?
How the coming sessions will span out? Will we see some bounce back? What are the next break down levels? All answers at our post for the next session

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Our subscribers in NIFTY FUT  went short below 5315 levels and booked profits till 5385 and closed the trades just  a advised in the blog. Our  BankNIFTY subscribers too had a quick trade of instant gains going long above 10120 levels and booking profits just in time at 10180 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 – 3^rd Sep Trading Guide

NIFTY FUT we had been writing that the zones of 5240-55 are the crucial positional retracements and support levels to watch out for. Markets made a double dip at these range and have managed to hold it so far. So what to expect next ? If we look at the short term and mid term momentum indicators, the view is until these levels are respected we should see some retracement and up move from here. How strong will the pullback be? This will be determined by the fact if NIFTY FUT can take out 5355 levels on the upside in the short term. Similarly for the downside players a breach of 5250 levels will mean another leg of down run and in all likely hood also end the long term bull momentum which we had been maintaining as positive so far.
As for intra levels, immediate support again emerges at 5280 levels and holding this level will retest 5325 on the upside. On the downside if  NIFTY FUT breaks 5280 again will retest 5255 -65 zones for intra players. Serious BEARS will only emerge out once these levels are broken.
.For now again immediate short term momentum is neutral a, this will remain so until NIFTY FUT manages to hold on above 5280 levels. Again at the same time the mid term momentum remains negative until NIFTY FUT holds below 5355 or until new levels emerge out in the coming sessions.

Cues for trading this Monday: Look for pull back longs with stops at 5280, or a break down short below 5250 should also work well. At the same time if we see 5325 being taken out on a sustained basis we may see a test of 5355 levels.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5320-25 sustaining above which it will target 5355,5285,5410
POWERTRADE TREND DECIDER OF THE DAY ------- 5280-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5350-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5232,5215,5195

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

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