NIFTY FUTURE – Review of 14th December
NIFTY FUT- A
day of anti climax is what we witnessed after the big down move day that we saw
on Thursday. NIFTY FUT again ended up respecting our key support zone of 5865
and managed to pull back and close way of those trading levels. What we
witnessed on Friday was NIFTY FUT opening around our support zones and holding
up that level , to an extent it did surprise us as well. Not only that But once
5865 was sustained it made its way to our next swing levels of 5890 and above
that managed to just top out near the key swing decider that we mentioned at
5920 levels. It did attempt it once but failed to convincingly clear it. But
the strong pull back now indicates that 5865 will become even more crucial in
the coming sessions.What are the key levels to watch out for in the next session and the next week? Read our detailed analysis for the next session.
Readers may also mark our blog : powertrades.blogspot.
POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page. Are you following our high performance automated signals?
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 near 5900 and just got stopped out
at 5920 today giving our first hit in
quite a time…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 – 17th December Trading Guide
NIFTY FUT pulled back and closed just below 5920 on
Friday making a double day low at 5865 zones. In the near future 5920 will
prove to be the immediate hurdle and clearing that will test 5960 zones. That fact that it pulled back and closed above
5890 now will likely to make for a choppy range between 5890 and 5920. A break
on either side will shift the momentum towards BULLS or BEARS. On the downside
a break of 5890 will again call for a possible retest of 5865-70 zones on the
downside.Now let us also review the daily and the weekly charts. As per daily charts NIFTY FUT made a daily inside candle and closed on the higher range Indicating in decisiveness with appositive bias. As per weekly candles now we have a double top above 5990-6000 range and a bottom at 5865-70 zone. This will also form as a double confirmation with our swing levels to look out for.
Hence in Summary a swing breakout or break down is only expected outside this range of 5865-6000 and it will be prudent to look for pull back trades within this range and a breakout or breakdown outside the range.
The short term momentum are neutral again thanks to the choppy session and will be positive above 5920 now. 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 ------- 5890-95
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
No comments:
Post a Comment