REVIEW OF 10th Oct 2012 AND UPDATE FOR 11th Oct 2012

NIFTY FUTURE – 10^th  OCT Recap

NIFTY FUT- yesterday we had clearly spelled out how important is the trading level of 5711. Readers will recall that this was also marked out as the very crucial breakout level  few session back and we all know the market reaction that followed once NIFTY FUT gapped up above that zone. Today was just the other way round and goes on to prove that how the same level acts as a support and resistance at the same time depending on if price is trading below or above that zone.  Today NIFTY FUT gapped down below that trading level and found resistance there in pull back and again spiraled down ward. This was also co incidental with the BULLS LAST STAND point of the day as mentioned.
Yesterday we also wrote the NIFTY FUT had seen an inside candle formation and advised trades to make a break out or break down trade outside the range. This worked perfectly fine today for most traders. today.
Again the importance of our trading levels got emphasized today as NIFTY FUT once started trading below 5700 ( BULLS LAST STAND POINT) range it proved difficult for NIFTY FUT to trade on the upside and eventually traded with a negative bias to do our first downside target of 5670 levels.

NIFTY FUT closed below 5700 levels? What are the crucial downside supports to watch out for? Read our post for the next session.
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POWERSTOCKS AUTOMATED SIGNALS:
We are still holding our long on TATASTEEL which closed with negative figures today. At the same time we minted heavily on our shorts on SBIN and RELIANCE ( SBIN gave away 25+ points on intraday basis and RELIANCE initial shorts at 835 level did T2 today at 814 levels in opening hours)
 All automated signals have been posted live at our Facebook and twitter page Review all that analysis at http://powertrades.blogspot.in/2012/09/how-high-performance-automated-signals.html

Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading
 

NIFTY FUT traders went short below 5690 levels but again decided to close out the trade after seeing no movement for a good part of the day. risky traders still did capture till 5670 levels. BANKNIFTY FUT traders had a good trade going short below 11390 levels and booking profits all the way till 11350 zone.Also made some good gains on stock futures trades meanwhile.......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 – 11^th   OCT Trading Guide

NIFTY FUT – traded below the crucial levels of 5711 for most part of the previous session and failed to cross it and drifted downwards.  This levels will prove to be the immediate hurdle in the coming sessions and will pose as the immediate pivotal levels for both the BULLS and BEARS. On the downside crucial swing support and target for short traders comes at 5640 zones. This is the zone where maximum volume accumulation happened during the upmove and hence this proves even more crucial. On a larger scale probably it’s the trading band of 5580-5640 range that needs to be watched out for.  Immediate resistance emerges at 5690 levels for intra day players and above that at 5711 levels. In case NIFTY FUT manages to cross that level it will again try to attempt the swing levels of 5765 levels.  At downside if 5670 levels are breached targets emerge as 5645 and below that at 5610 levels.

Short term Momentum indicators remain negative until NIFTY FUT trades below 5711 levels now. Mid term momentum indicators remain neutral here and will be positive above 5765 and negative below 5640 levels on the downside.
Cues to Trade this Thursday: Look for short trade below 5670 or short on rise till 5690 levels with stops above 5711. Long trades can be taken with stops below 5640 on dips and on breakout above 5711 on the upside.

 POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5710-15   sustaining above which it will target 5740,5765,5790
POWERTRADE TREND DECIDER OF THE DAY ------- 5670-75
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5635-40
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5610,5580,5565

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.