Review of 13th Dec and Update for 14th Dec 2012

NIFTY FUTURE – Review of 13^th  December

NIFTY FUT- At times its difficult to call a day where markets have fallen as a PERFECT day. But our readers and traders have earned the full right  to call this one. We all should feel happy within ourselves to have waited all the while for the opportunity not get into a unnecessary trade and pounce on one when the real opportunity arrived.
This is exactly our readers and traders did after couple of listless sessions. We have been mentioning that the range of 5920-55 is the crucial one and below that targets are 5890 and 5865 for the past few sessions. How near perfectly each of them got achieved and how well the trades worked. Near perfect because once 5920 was broken markets tested 5890 in no time and below that marked an exact low at 5865 as our projected levels.

This was also inline with our trading levels , as TREND DECIDER was at 5920 and BULLS LAST STAND point was at 5890 and below that target zone was identified. A double confirmation was a change in direction of our short term momentum indicators as well below 5890 as well.
Lets raise a toast, not only for getting it right in analysis but because of the patience we had exhibited, which I hope readers did in the last few sessions.
Now That NIFTY FUT has closed below 5890 after quite a time. What lies beneath? What are the trading levels to look for below this range? Read our post for the next session.


Readers may also mark our blog : powertrades.blogspot.

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NIFTY FUT traders  just as we wrote in the blog went short below 5920 and booked the  final position just at 5873 zones giving away massive gains in a single session…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 – 14^th December Trading Guide

NIFTY FUT  fell through 5890 and just found support at the swing zone of 5865. Now that we have closed below that level 5865 will be the crucial range to watch out for. If we manage to trade below it  then NIFTY FUT can move down to test the next swing levels of 5820 where multiple levels coincide and should provide some support.
Below that there is a strong buffer zone at 5780-5800 levels.
On the upside NIFTY FUT now will find some resistance to move beyond 5890-5900 levels . In case that is taken out 5920 above it will act as a hurdle. A false breakdown will be confirmed only if NIFTY fut manages to pull back above that trading zone.
Between 5865-5920 expect NIFTY FUT to trade listless with a negative bias.
Now what’s in store for the long term charts? Please note that since the last time we wrote about a swing support of 5550 ( refer our blog posts from previous month) NIFTY FUT has topped at near 450 points without a pause and hence some correction is healthy. Long term trend  from an investor point of view still remains positive. Like in the previous upmove every high was tested with a resistance. we would expect every breakdown to be tested with support zones. We donot know whether 5865 will be broken or not but if it does for the long term trend support and supply buffer may be expected to be back near 5770-90 zones.  We will revisit this analysis again in coming sessions.


The short term momentum are now negative  and will continue to trade so until NIFTY FUT trades below 5920 on the downside. MIDTERM momentum indicators are now negative and will do so until NIFTY FUT holds below 5960 levels.
 As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5920-25    sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5895-5900
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5860-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5830,5810,5775

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