Review of 31st Jan and Update for 1st Feb 2013

NIFTY FUTURE – Review of 31^st   Jan

NIFTY FUT –  How do we sum up today’s close. And the close for the series. Let us know what your one liner is for the day and the series. We would sum it up as an expected but not anticipated close. Markets pretty much closed in an equally dull fashion as it had traded now nearly for 1-2 months in a row.
For all those who love statistics look at the charts posted here. We have posted a weekly charts view of the NIFTY FUT. This month it has nearly traded within a 100 odd point range with a little leeway here and there.
Also check out the weekly ATR. It has hit an abysmal low of 136 odd values. For those who are interested in records this is the lowest ATR value since May 2006 for NIFTY FUT. Isn’t it a  surprising fact. Specially given that NIFTY FUT just traded in 3700-3800 range back then.

See the charts below to believe it:

NIFTY FUT WEEKLY CHARTS-JAN END 2013

AS for the daily trading levels  we had marked as 6075 as the BEARS LAST STAND point of the day.In the morning markets opened near that level and moved  downwards. It exactly again found some support near our TREND DECIDER of the day  and managed to hold on to that for good part of the day. This was again a good indicator that market is staying range bound as the prices just oscillated between the two trading levels.
We took a good pull back trade based on the levels.but eventually closed positions seeing lack of move in just marginal trades


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NIFTY FUT traders went long near 6045 and closed the positions near 6052 once it failed to clear the 6070 levels on the upside. A range  bound trading session with no side to pick from on either side. …....… Are you looking for complete guided trading without any hassle?.. 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 –1^st Feb  Trading Guide

NIFTY FUT –  closed the trading session near 6037 levels. This was both a close of the trading month and also a close of the trading series as well. Based on the current close and pattern what are the levels that emerge out?
Firstly have you checked the charts and also seen that unique level where the weekly ATR has drifted down to near 134 trading levels. This is the lowest ATR value since about May 2006… Also that holds even more important as that point of the trading range was just about 60% of the current range near 3700-3800 levels.
If we believe at a thumb role of reversion in the markets this will mean that more or less we should see a decisive move sooner than later now. Will Feb be the month? Well  we shouldn’t get into predicting it. Rather the advice is follow the trading levels and take trades as per your trading rules and systems.Because when the move will happen it will just kick of as a normal trading signal.
Also to avoid whipsaws and losing out on gains one can keep booking profits in quick interval until NIFTY FUT breaks out of the trading range.
As of now immediate support remains at 6025 range on the downside and below that the swing support continues to remain at 5990-6000 levels.
On the upside immediate hurdle comes at 6065-75 range and above that if we can clear that zone we should see a move till 6095. If markets manage to move above 6105 this time we should see a serious chance of taking  the swing hurdles of 6120 range.

Swing indicator wise the short term indicators are  neutral now and will be positive above 6075 and negative below 6025. term momentum indicators are also neutral at this trading level, they will swing to positive above 6120. This will be negative once NIFTY FUT trades and moves below 5995 levels.

As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6065-75   sustaining above which it will target 6095,6115,6135
POWERTRADE TREND DECIDER OF THE DAY ------- 6025-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5990-6000
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5960,5940

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.

Review of 30th jan and Update for 31st jan 2013

NIFTY FUTURE – Review of 30^th  Jan

NIFTY FUT – Another day spend in the wilderness as markets pretty much failed to do anything as has been the nature for the past 2 months or so now. Today it turned out to be almost the 30 th day where markets have spend  within a narrow band of 120 odd points barring a few spike here and there.
Yesterday we discussed and mentioned that despite a break of 6060 we saw a trend line formation of higher lows in the long term chart and warned that a minimum of break of 6025 is needed to confirm the break down.
Hope that advised worked well and avoided traders taking shorts early on.
We also mentioned that NIFTY FUT immediate hurdle comes at 6075 and that got pretty much respected today. Barring a spike high at that levels.
Unfortunately Our Longs triggered on that level and we had to eventually close out intra positions as market ran out of time.
Today again it was proved how our levels are helping to understand that if markets are playing range bound or not.
AS markets clearly traded between the the TREND DECIDER of the day and the BULLS LAST STAND point of the day.
We have discussed many times that if the market remains trading within two of the trading levels it is better to stay neutral as a trader and look for clear trade.

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NIFTY FUT traders did take the long break out trade above 6075 levels but closed it at 6067 zones as markets failed to move and intraday positions had to be closed . …....… Are you looking for complete guided trading without any hassle?.. 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 –31^st   Jan  Trading Guide

NIFTY FUT – closed a relatively dull day  without doing much on either side as markets traded in a narrow range. What was confirmed though that we have got a new level to test out at near 6025 zones and on the upside at 6075 as the nearest trading zones to watch out for. On either side of that are the larger swing levels.
On the upside a breach of 6075 will test the trading resistance level of 6095 and on the downside a breach of 6025 will test the even more critical level of 6000 zones. Despite the weak candle a day before the fact that we have managed to hold on to the closing price of yesterday proved a decider for the market.
  It is imperative that we watch out now for the clear break of the trading range on either side and look for a clear break out or a break down trades. Aggressive traders may want to use the near term levels of 6025-6075 to initiate their trades, which comes with a lower trade risk but at the same time a possibility of a spike move just as it happened today.
.


Swing indicator wise the short term indicators are  now back to being short and will continue to hold so until NIFTY FUT trades below 6095. mid term momentum indicators are also neutral at this trading level, they will swing to positive above 6120. This will be negative once NIFTY FUT trades and moves below 5995 levels.

As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6075-80    sustaining above which it will target 6095,6115,6135
POWERTRADE TREND DECIDER OF THE DAY ------- 6040-45
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5990-6000
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5960,5940

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.

Review of 29th jan and Update for 30th jan 2013

NIFTY FUTURE – Review of 29^th Jan

NIFTY FUT – Well what a day of volatile move and our readers and analysts have come out winners hands down.
We have been writing for long even before it was tested that 6120 is the levels to watch out for on the upside and voila whats the high made today ( 6120 exactly). We wrote a few days back that lot of levels combine to bring that out as the projected range to watch out for.
How About looking at a before and after chart.
Before is what was published early this week with the trading zone mentioned and after is the charts update today.
For Before refer to our charts posted for Monday. After posted here

NIFTY FUT 29TH JAN 2013

NIFTY FUT for daily trading wise we had mentioned that 6060 will be the key on the downside and 6095 on the upside. Once 6060 was not breached in the morning session and we were able to take out 6095 it headed straight for the upper range of 6120.
NIFTY FUT failed to clear that zone of 6120 and moreover in the closing sessions breached 6060 and closed below it? Does that ring the warning bells. What are the levels to confirm that? Read the detailed review of the charts and our trading levels for the next session

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NIFTY FUT traders did take the long trade above 6100 as advised in the blog but just booked part of it in time, the rest half got stopped out and just made a breakeven trade.  But We had a cracker of a trade in BANKNIFTY FUT though booking an average of 102 points in a trade. …....… Are you looking for complete guided trading without any hassle?.. 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 –30^th  Jan  Trading Guide

NIFTY FUT – Let us first quickly do a chart review that we have posted above in the blog.
A look at the chart and clearly emerges out two clear picture that since the start of this month we have been hovering in the near 100 point range barring a few break here and there. We saw one downside breach to test  our swing second support zones of 5960 and we saw an upside breach to test our swing hurdle zone of 6120. Other than that we have oscillated in this trading range more or less.
We also see a rising trend line formation making higher lows that is holding up still despite the failed attempts to take out the highs. I Think that will hold the key in the coming sessions. If the levels are breached we may see a good slide and a mid term correction.
On immediate basis again the range of 6065-75 will prove as the hurdle and swing hurdle will continue to remain above that range at 6095. Swing resistance continues to remain at 6120.
On the downside the Trend line support is at 6025 range and a breach of that may confirm the downtrend. Aggressive traders may look to short below it and safe traders would prefer to wait for a swing break down of 6000 zones.


Swing indicator wise the short term indicators are  now back to being short and will continue to hold so until NIFTY FUT trades below 6095. mid term momentum indicators are also neutral at this trading level, they will swing to positive above 6120. This will be negative once NIFTY FUT trades and moves below 5995 levels.

As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6100-6105   sustaining above which it will target 6120,6135,6170
POWERTRADE TREND DECIDER OF THE DAY ------- 6065-75
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6020-25
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005,5990,5960

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.

Review of 28th jan and Update for 29th jan 2013

NIFTY FUTURE – Review of 28^th Jan

NIFTY FUT –  Another range bound day in a typical range bound month, giving away little for traders. But even then our levels worked beautifully giving the only hope in a pretty range bound day. We had mentioned that the key levels to watch out are 6095 on the upside and 6060 on the downside. Which we mentioned will form as the immediate support. This is exactly what happened as markets found support (Low made 6063 and managed to pull back and close within the range. The fact that 6095 was not cleared also indicated that market may not have much momentum on the upside.
Other than that nothing much to write home about today. Markets stayed within the TREND DECIDER (AT 6060 ) and BEARS LAST STAND POINT (at 6095). Giving the indication that this will remain as a range bound session.

Markets gave an indecisive close.What is expected for the next few trading sessions?Read our analysis and review the charts for the next session.

Readers may also mark our blog : powertrades.blogspot. you may also simply register your email ID online and get all the trading digest and other technical posts right into your mail box.

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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?
                                                                                                                     
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NIFTY FUT traders took a long trade today near 6080 anticipating an upmove but that was not to be the case as we eventually closed out the positions at an average of about 6075 gaining nothing from the trade. …....… Are you looking for complete guided trading without any hassle?.. 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 – 28^th  Jan  Trading Guide

NIFTY FUT – gave a near doji close in a range bound trading session. This makes the high and low of the day very significant. Also the fact that the High and Low are near critical swing levels makes it even more important.
Based on that 6095 will form as the immediate hurdle. Above that hurdle lies at 6120 the swing targets remain at 6270 zones. But immediate hurdle above that comes at 6170.
On the downside 6060 will act as the pivotal point and a close above or below it will decide the immediate move of the markets. A breach of 6060 and trading below it will again look for a test of 6025 levels. A breach of that will again see a test of 6000 support zones.

Swing indicator wise the short term indicators are now positive and will hold so until NIFTY FUT holds above 6040. mid term momentum indicators are also neutral at this trading level, they will swing to positive above 6105. This will be negative once NIFTY FUT trades and moves below 5995 levels.

As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6095-6100   sustaining above which it will target 6120,6135,6170
POWERTRADE TREND DECIDER OF THE DAY ------- 6060-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6025-6030
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005,5990,5960

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.

Review of 25th jan and Update for 28th jan 2013-ELLIOT WAVE ANALYSIS & CHARTS

NIFTY FUTURE – Review of 25^th Jan

NIFTY FUT –  For Friday we discussed that  6025 will be the key level to watch out for and at the same time we asked traders to only go short at the break of 5995 and advised traders to look for a pull back opportunity.
Markets traded without a decision in the small trading range but didn’t crack the 5995 levels and this was important and a warning signal that the supply zones that our readers were aware of well in advance may be respected.
This is exactly what happened when we saw the first decisive close above the 6025 zone near about 12 and from there on markets didn’t look back.
We got it wrong early on trying to take a low risk pull back long instead of waiting for the break down , but wisdom prevailed and we closed positions in time and went long to manage well for the day.
Trading above 6025 targets were marked at 6060 (BEARS LAST STAND point of the day) . Check out the candle formation once 6025 was crossed after 12, we didn’t see any close below that level after that and markets managed to do upside targets. First target above 6060 mentioned at 6090, NIFTY FUT high made just below that.
We will recall this was also the swing resistance zone.

Now that markets have pulled back and closed above 6060. What is expected for the next few trading sessions?
Read our analysis and review the charts for the next session.


Readers may also mark our blog : powertrades.blogspot. you may also simply register your email ID online and get all the trading digest and other technical posts right into your mail box.

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 as discussed initially went short below 6025 levels and decided to close the positions and reverse around 6040. Barely making it a neutral day. Bankinfity fut traders had a good trade earning, But missed some of the swing as markets rallied a little too late and we had closed intraday positions...… Are you looking for complete guided trading without any hassle?.. 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 – 28^th  Jan  Trading Guide

NIFTY FUT – last week we had discussed in our charts that how important is the trading levels of 6000 on the downside and 6120 on the upside. This is exactly how this spanned out in this range bound volatile week so far where NIFTY FUT just traded within this range without giving away anything on either side. We also advised traders to look for pull back trades within this range and that worked beautifully well for the past week.

With the current week that has spanned out let us look at the Elliot wave and Fibonacci extension analysis charts for NIFTY FUT. As always a chart tells you a lot more things in simpler format than words.

NIFTY FUT WEEK 28 JAN

Based on the chart we see how markets have held on to this range. Now that 6000 has got tested and respected and we managed to close nearer to the upside range , this time we would look for  markets to take out the swing levels of 6120,. Aggressive traders may look to created long side positions even above 6095 zones.
On the downside 6060 will act as the pivotal point and a close above or below it will decide the immediate move of the markets. As we see from the charts we have completed wave 5 in the charts and are looking for new trends to emerge out.
Based on the extensions it looks like that above 6120 the swing targets remain at 6270 zones. But immediate hurdle above that comes at 6170.
On the downside a breach of 6060 and trading below it will again look for a test of 6025 levels. A breach of that will again see a test of 6000 support zones. Which based on Friday’s move looks a little unlikely.

Swing indicator wise the short term indicators are now positive and will hold so until NIFTY FUT holds above 6040. mid term momentum indicators are also neutral at this trading level, they will swing to positive above 6105. This will be negative once NIFTY FUT trades and moves below 5995 levels.

As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6095-6100   sustaining above which it will target 6120,6135,6170
POWERTRADE TREND DECIDER OF THE DAY ------- 6055-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6025-6030
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005,5990,5960

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.

Review of 24th jan and Update for 25th jan 2013

NIFTY FUTURE – Review of 24^th   Jan

NIFTY FUT – A tough day from a trading point of view But let us quickly summarize how the day spanned out versus the trading levels. Yesterday NIFTY FUT pulled back sharply from the support levels and managed to close a shade above the 6060 support levels.  We mentioned that this will form the immediate reference levels . This was also  mentioned as the TREND DECIDER of the day.Yes 6060 was the trend decider and markets barring few early moments pulled down  and failed to hold onto those levels. Look at the market reaction once that level was breached. It went on to test the support levels of 6025 and beyond. We clearly mentioned that 6025 if broken then markets will go onto test near 6000 levels and that is what we had identified as the swing support and supply zones. Market made a low just above that level and pulled back sharply all the way to make a top exactly below the trading levels of 6060 again. Was this a magic… or simple trading and technical analysis.
The point to be noted that despite amid volatility markets still respected the trading levels that were identified.
While our traders have come out winners in the past few sessions the problem with the movements have been that no strong move on either side was followed by  a good follow up move.
Markets are trading volatile and managed a first close below the 6060 trading zones. How to trade the markets in these conditions? Read our analysis for the next session.


Readers may also mark our blog : powertrades.blogspot. you may also simply register your email ID online and get all the trading digest and other technical posts right into your mail box.

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 too a pull back long trade near 6020 trading zones and booked profits around 6040 levels. Not a great day, but we are pleased we came out safe with small gains even on a volatile trading session....… Are you looking for complete guided trading without any hassle?.. 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 – 25^th   Jan  Trading Guide

NIFTY FUT  traded volatile and despite a test of 6060 levels pulled down and closed below the crucial trading levels of 6060 at the same time the swing supply zones of 5990-6000 levels are still intact. For immediate trading levels 6060 will prove as the immediate resistance. It will be important to see a short term close above that levels to confirm that the bottom has been respected. Above that hurdle will still remain at 6095 trading zones.
Readers will recall few sessions back once we analyzed the levels we mentioned that the swing zones remain at 6000 on the downside and 6120 on the upside. We advised traders to look for pull back trades within this zone.
Market in the past few trading session provided an exact opportunity to trade this range giving away good gains.
On the downside 5990 6000 will hold fort if that is breached a swing weakness will be confirmed. Below that support lies at 5960.
How to trade the coming sessions: Look for a pull back trade if market holds above the 6025 range with targets below 6055  and safe traders may wait for a confirmed break above 6060 range.  Also we need to look for a short trade if markets trade below 6025 or a breach of 5995 on the downside.
Swing indicator wise the short term indicators remain negative until NIFTY FUT trades below 6060 and the mid term momentum indicators are also neutral at this trading level. This will be negative once NIFTY FUT trades and moves below 5995 levels.

.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6060-65   sustaining above which it will target 6090,6105,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 6025-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5995-6000
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5960,5930,5890

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.

Review of 23rd jan and Update for 24th jan 2013

                                       

NIFTY FUTURE – Review of 23^rd   Jan

NIFTY FUT –  Terrific day where markets finally broke out of the trading range and showed some respectable move. A hint of it was already there yesterday and spot on analysis as well.
Yesterday we clearly advised short on rise or on break down of 6060 levels.  This is exactly what happened.  This coincided with our  TREND DECIDER of the day  also at 6060 levels and once that was breached we saw a convincing down move.
Now the second aspect of the analysis was also important. We had marked out that the 6025 range is the supply zone and a break of that will only ensure that markets can fall further. Please also note the BULLS LAST Stand point of the day is 6025-30. This is the precise level markets bounced back from.
We hope that level helped the traders to book timely profit.
How would we have traded that range given that the down move looked convincing?- Although there is no definite answer for this , firstly we should had booked profits in gains on downside and possibly kept a small position open with a trailing stop. Risky traders could also have added shorts once  6025 break was confirmed.
We should be careful of the fact that the mid term momentum indicators remain positive yet and this would had been an ample sign to ensure the for downside trades profits need to be locked in.

NIFTY FUT tested the crucial support zone of 6025 and bounced back sharply from that level. How is it likely to trade know, what are the levels to watch out for?  See our analysis for the next session

Readers may also mark our blog : powertrades.blogspot. you may also simply register your email ID online and get all the trading digest and other technical posts right into your mail box.

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 had a terrific trade today going short near 6060 and book profits all the way till day's low as per our levels. BANKNIFTY FUT traders too had a good session earning a good 80 points today...… Are you looking for complete guided trading without any hassle?.. 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   Jan  Trading Guide

NIFTY FUT tested the crucial support zone of 6025 and bounced back from there.  What are the take away from that level. First thing to watch out is that the volumes in the pull down and the pull back candles. The volumes are exactly similar i.e. the cumulative volume in falling candle is same as the ones witnessed during the pull back.  This makes the support zone even more important now.
Since NIFTY FUT has managed to pull back and close above the 6060 zones this will again act as an immediate support zone now. Expect markets to trade choppy this time if it breached 6060 and between 6040 range. Hence we should be a careful now shorting on breakdown. On the upside 6095 will form as the immediate hurdle and above that we have a hurdle range of 6110-6120 zones. But expect markets to show some momentum if 6095 is crossed this time.
Swing hurdle as mentioned still remains in the 6120 range. On the downside the support zone remains at 6025 below the 6040 range and a break of that will call for a test of the next support and supply zone of 5990-6000.
Readers may mark these levels in the chart for references  to help with their trading.


As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6095-6100   sustaining above which it will target 6120,6135
POWERTRADE TREND DECIDER OF THE DAY ------- 6055-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6035-40
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6020, 5995,5960

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