Review of 27th Feb and Update for 28th Feb 2013

NIFTY FUTURE – Review of 27^th  Feb

NIFTY FUT –  Just yesterday we mentioned and discussed to all readers that how important it is to have a perspective of the market movements and trade with a plan in mind and to stick to it. Based on that we asked all readers that 5730-50 is a supply zone. We had discussed that for long. Based on that we asked traders to get into some investment positions and also low risk contrarian opportunities.
Markets pulled back exactly from that zone to near 70 points gain in a single day giving very good low risk gains.

How could we have detected the trend in intra day and traded a pull back. Look at the chart formations. NIFTY FUT made a low below the Trend decider near 5750 levels and once it managed to pull back from that zone above the TREND DECIDER it gave a low risk pull back opportunity.

Not to miss the short opportunity that was also created in the morning when markets made a high just near the BEARS LAST STAND point and failed to sustain there and slipped downwards to give good gains too. This is exactly the trade our traders were asked to take in the morning session.
In fact today was a unique day where we managed to gain both ways.
 Now that NIFTY FUT have pulled back and closed near the 5800 zones. Is the correction done? Well guess not. But whats the catch here?  Read our analysis for the next session.


POWERTRADE AUTOMATED SIGNALS:
With the budget around the corner? Are you geared to capture the big moves?  Trade with our advanced signals to get into the move before it happens. SMARTSIGNALS is designed to capture definite strong moves in trend and stay out of range bound markets giving massive gain potential
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our unique value added services or our algorithm based trading services.

 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  Feb  Trading Guide

NIFTY FUT –  Managed to pull back from the support zones and closed near 5800 zones, so the obvious question is that is the correction done? Well  again let us see it in with data rather than emotions.
First the supporting factors—NIFTY FUT has created a bottom near a swing trading support zone, secondly we have already see a near 350 points correction from the top so some pull back is obvious and expected. Thirdly we haven’t yet seen a budget based rally yet.
Now that negating factors—One is that we have seen the strongest correction in this zone a few sessions ago, so the trend may just continue, secondly a single day of pull back cannot justify a trend change.

Now let us analyze that against the trading levels. NIFTY FUT has immediate support at 5790 levels and that will form as the TREND DECIDER of the day. If NIFTY FUT manages to trade above that zone it will go on to attempt the hurdle of 5825 levels. And above that there will be the crucial swing hurdle of 5860. Only a clear and close above that will confirm a mid term trend  reversal and a bottom formation for swing traders.

On the downside NIFTY FUT in case NIFTY FUT drifts below 5790 it will again go onto attempt the support levels of 5760 zones, a crack of 5760 this time will ensure NIFTY FUT to test the 5730 levels . If that level is broken we can see NIFTY FUT move to 5700 zones.
On the downside any close below 5700 levels in swing basis can see a test of the next swing levels of 5630-40 zones.

Additionally please note that tomorrow is expiry and also that budget is around the corner. Trade with lower than normal positions and try and capture the swing if that happens

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5820-25 sustaining above which it will target 5855,5895
POWERTRADE TREND DECIDER OF THE DAY ------- 5790-5800
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5760-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5735,5710

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 26th Feb and Update for 27th Feb 2013

                                       

NIFTY FUTURE – Review of 26^th  Feb

NIFTY FUT –   for yesterday and past few sessions we had clearly marked out that the trading range formed is 5830 and 5890-6000 on the upside. Yesterday we asked traders to take positions in break of either of this trading range.

Today Morning when the first hourly candle closed below 5830 levels. And that was the sign for our readers and traders to go short . In our numerous previous posts we had written that below that range 5790 and 5760 are the targets to watch out for on a swing basis.
Look at the market reaction first when 5825 was breached ( BULLS LAST STAND POINT) . Markets drifted lower to find some intermediate support near mid day at 5790 levels. The momentum intensified once that level was broken, for NIFTY FUT to mark a low near 5760 levels.
This also proves how beautifully the intraday trading levels works. We hope traders took a decisive trade to get good gains.
Now that we have closed in a lower zones, lets also raise  toast for getting our analysis spot on from the highs of 6120.
What are the swing support levels and target levels to look out for? How can we prepare ourselves to take advantage of those levels. Lets review our trading analysis for the next session.

POWERTRADE AUTOMATED SIGNALS:
With the budget around the corner? Are you geared to capture the big moves?  Trade with our advanced signals to get into the move before it happens. SMARTSIGNALS is designed to capture definite strong moves in trend and stay out of range bound markets giving massive gain potential
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our unique value added services or our algorithm based trading services.

NIFTY FUT traders went short near 5815 and booked massive gains all the way till 5775 zones giving it a big day of gains for our traders. Our BANKNFITY FUT traders are going strong having earned more than 573 points in the last 3 trades alone. 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 – 27^th  Feb  Trading Guide

NIFTY FUT – made a decisive weak close near 5760 levels. Now we have done a near 350 points plus correction on the index from the highs.  Let us now take a step back and also see how we traded this move. This is important to plan our next move.
Just back in early Jan all the so called analysts were going gung ho about the markets predicting new highs, then we took a step back and reviewed saying that we have done a strong upmove and needed a pause . we also got it spot on getting the exact high of 6120 projected even before that level was tested.
This wasn’t the first time though; In December when the markets were correcting lot of analyst had said that the top is done. We asked traders to buy near the 5850 zones.
Markets then famously pulled back all the way to give near 250 points swing gains and much more profit potential in stock futures trading.
Now in the same view we have been writing that NIFTY FUT has swing supports at 5730 zones and these will be good investing opportunities. At the same time please don’t read it as a justification to hold on to long positions taken long back with the hope markets will retrace. All we are saying is the long term momentum indicators – These track daily and weekly charts are still not bearish and they may provide low risk investment and trading opportunities Let us see how markets unfold in coming sessions.

For daily trading levels. NIFTY FUT will face immediate hurdle in the 5790-95 zones and clearing that can again see NIFTY FUT pull back to test the 5820-25 zones.
On the downside a breach of the low created today that is near 5755-60 levels will see NIFTY FUT to drift down to test the 5730-35 support zones. If that level is broken we can see NIFTY FUT move to 5700 zones.
On the downside any close below 5700 levels in swing basis can see a test of the next swing levels of 5630-40 zones.
We would like to trade for max upto 5710 levels and pause to see how markets react and look for a low risk pull back opportunity or a break of 5700 to trade for lower levels on swing basis.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5795-5800 sustaining above which it will target 5825,5855
POWERTRADE TREND DECIDER OF THE DAY ------- 5760-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5730-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5710,5670

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 Feb and Update for 26th Feb 2013

NIFTY FUTURE – Review of 25^th  Feb

NIFTY FUT –  had a listless and direction less day where it failed to clear either side of the trading range and give a decisive move. We had discussed how important are 5890 levels on the upside and 5830 levels on the downside. Today barring a small breach on the downside we didn’t see any break of the trading level. Even during the breach NIFTY Fut failed to close below this trading range. NIFTY FUT gave multiple small trading opportunities within this trading range where we saw couple of pull backs from the trading levels that was also our BULLS LAST STAND point to TREND DECIDER of the day.
Now that we had another in decisive close again near the crucial trading levels of 5860, what are the next levels to watch out for?  Read our analysis for the next trading session in our analysis for tomorrow.

POWERTRADE AUTOMATED SIGNALS:
With the budget around the corner? Are you geared to capture the big moves?  Trade with our advanced signals to get into the move before it happens. SMARTSIGNALS is designed to capture definite strong moves in trend and stay out of range bound markets giving massive gain potential
                                                                                                                     
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our unique value added services or our algorithm based trading services.

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 – 26^th  Feb  Trading Guide

NIFTY FUT – had yet another close near the 5860 levels , well this is almost the third consecutive close in the same trading range despite trying to break out of the market range.
We had shared the Elliot wave analysis charts yesterday for the traders to reference against. We will post new charts once the market range changes. Till then use that as the reference.
As for immediate trading levels NIFTY FUT will face immediate hurdle at 5880-85 levels  and a clear of that this time can see NIFTY FUT move to 5900-5910 zones. Trading below that zone NIFTY FUT will trade weak and will try to test the lower support zones.

On the downside NIFTY FUT will face immediate support at 5830 levels and a breach of that can see a slide to 5810 and lower levels. Below that  we can see a slide till 5780 levels.
The final swing support and target levels for this down move emerge out at 5730 zones. We would want to trade for that target level once a confirmed break of 5830 happens. Until then there is every chance of market pulling back. At the same time expect every pull back to be resisted until 5925 levels are cleared.
So how to trade in the current context? Look for low risk pull back trades with stops of close below 5830 zones. And trade short below it. At the same time look for pull back shorts at appropriate levels with 5900 levels as stops.
In the trading range in between since the risk reward may not be favorable it is advisable to stay neutral.


Momentum indicator wise short term indicators moved into negative territory and remain so until NIFTY FUT trades below 5890. Midterm momentum indicators are now trading negative as well and will continue to hold so until NIFTY FUT trades below 5925 now.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5895-6000 sustaining above which it will target 5925,5945
POWERTRADE TREND DECIDER OF THE DAY ------- 5880-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5825-30
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5814, 5790

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 22nd Feb and Update for 25th Feb 2013

NIFTY FUTURE – Review of 22^nd Feb

NIFTY FUT –  Are we plain lucky every time or is it spot on technical analysis using a combination of  proven methods and our unique price point analysis.  For a very long time we have been telling our readers that 5830 is the supply and support zone and markets will find some hope near those levels.
On Friday NIFTY FUT opened gap down to make a low exactly there and once the first candle closed near 5860 zones it was an ample proof that we will get to see some pull backs.
At the same time since the fall the previous day had been severe there were expectations that any pull back will be resisted and hence despite an up move the BEARS LAST STAND point will be a key level to watch out for.  Markets made a top just below that level AT 5883  and failed to cross that expectedly so.
In a day like this when markets have corrected severely the previous day it is important to hold out either to see the opening low break or wait for a right time to short at pull backs to good levels. This specially applies to intraday traders who are trading with tight stops.
This is when the day trading levels come of good use and are handy. Hope traders got to use the levels and get good trades on one of them.

NIFTY FUT managed to pull back from crucial support zones? Is the correction done? This is the time when the Elliot waves will come in handy. Let us do a quick review of Elliot wave analysis in our analysis for the next session.

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our unique value added services or our algorithm based trading services.

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   Feb  Trading Guide

NIFTY FUT – Managed to test the two crucial levels of 5890 on the upside and 5830 on the downside and close somewhere in between those levels. NIFTY FUT also interestingly had nearly the same close in the past two trading session that is near 5860 levels. This also goes on to prove that how important that level is  for the big players.
Fortunately our readers and traders were well aware of that level even before markets tested that level. We had written about that long back.  The fact that we have got the projections right so consistently helps the swing traders as well to plan their trades in advance.
With the current close in mind let us do a quick review of the Elliot wave analysis of NIFTY, to see where it might be headed.
Elliot wave charts posted at our blog

NIFTY ELLIOT WAVE CHARTS

As we see in NIFTY , keeping the lows in view NIFTY has completed the 5^th wave  and is now all set to form the smaller corrective wave patterns. Keeping that in view the recent highs and lows formed will be the key. In case nifty Fut manages to inch past 5890 levels we can see another corrective pull back till 5920-30 zones.
On the downside a breach of 5830 will see a test of lower levels of 5790 and lower zones

Intraday Trading wise it will be important to first watch out how NIFTY FUT plays with the 5860 levels any sustenance above it will be positive and below it will be negative.

Momentum indicator wise short term indicators moved into negative territory  and remain so until NIFTY FUT trades below 5890 . Mid term momentum indicators are now trading  negative as well and will continue to hold so until NIFTY FUT trades below 5925 now.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5890-5895 sustaining above which it will target 5925,5945
POWERTRADE TREND DECIDER OF THE DAY ------- 5860-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5827-32
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5814, 5790

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 21st Feb and Update for 22nd Feb 2013

NIFTY FUTURE – Review of 21^st Feb

NIFTY FUT – A power packed day for our power traders and readers.  After a very long time did we see such a strong move day and what a beauty, how nicely were levels followed from the first minute of the day.
Yesterday we clearly mentioned that watch out to trade on either side of the trading range created on Wednesday. We also asked traders to take short positions on break of 5940. What was the morning high created? Well see the charts it was 5939.
Just check how powerful the movement was when markets opened and traded below the BULLS LAST STAND point ( 5935-40). This immediately confirmed a short position despite a gap down.  Once that level was breached it went on to do all downside targets. We have been harping for the past few sessions that if the 5900-5925 zones are broken then the break down can be pretty sever this time around and that is what exactly happened today.

Hope the traders used this opportunity to trade and make some what for the sustained range bound moves that we had seen in the past few months. Will this open up the markets? We will have to watch in the coming sessions.
NIFTY FUT traded weak and closed below the crucial 5860 levels? what is the crucial level to watch out for just below this zone? Read our trading analysis and review for tomorrow

NIFTY FUT traders went short in the morning session below 5920 and booked gains all the way till 5870 levels.BANKNIFTY FUT traders had a blast earning 180 points in a single trade.

The star performer was our advanced smartsignals which were short since yesterday and now rocking at over 340 points gains per lot..… …. 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 – 21^st  Feb  Trading Guide

NIFTY FUT – closed below the crucial trading levels of 5860 and this doesn’t auger well at all. This level will prove as the immediate TREND DECIDER of the day for the next session. What is important now is that we also have a crucial level of 5830 zones on the downside. Long term traders wil.recall that was the Breakout levels for a long time before markets traded out of that range in November.
If that level is breached on the downside we will surely look forward to the levels of 5810 and downside swing targets of 5730-50 zones. That zone will form as the next supply zone if at all it is reached.
Readers will also recall that before even the markets hit those levels we analyzed that NIFTY FUT had upside resistance at 6120 levels.

On the upside 5890 will form as the next hurdle and it will be important for markets to clear out that level to buck this down trend. But make no mistake the volumes and the candle pattern that we saw today implies that all pull backs will be heavily resisted.

Trading wise it will be important to first watch out that if NIFTY FUT is able to sustain below 5860 else we got to be a little cautious with shorts and secondly if markets are able to breach the 5830 levels. We need to keep tight stops for shorts near that zone. And may also look to add up on break of it.


Momentum indicator wise short term indicators moved into negative territory below 5920 ( This was another strong indication) .. Mid term momentum indicators are now trading  negative as well and will continue to hold so until NIFTY FUT trades below 5925 now.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5890-5900 sustaining above which it will target 5925,5945
POWERTRADE TREND DECIDER OF THE DAY ------- 5855-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5835-30
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5814, 5790

Review of 20th Feb and Update for 21st Feb 2013

NIFTY FUTURE – Review of 20^th Feb

NIFTY FUT – A range bound day where markets traded in about 30 odd points range giving away little on either side. This has been a typical characteristic of the market in the past 3 months where markets have been in a rut trading in small range and not been able to give a decisive move on either side.
Yesterday we mentioned that until NIFTY FUT holds above 5925 it will trade with a positive bias, that is what happened today, where markets managed to hold up despite trading at higher levels. We also mentioned that on the upside NIFTY FUT will face resistance near 5985, but sadly it even failed to scale to that level.

One of the issues with market has been that we have traded in this 200 odd point zone for quite some time now and hence at every 30 odd points we have levels that we need to watch out for. This has been caused a concern at times where none of the moves have held on a sustained basis, 19^th was a rare exception though.

Now that we have traded in a small zone for the trading session and the fact that the markets just managed to close a shade above 5960 zones, what is up next?  Read our trading analysis for the next session.

NIFTY FUT traders went long in dips towards 5955 and booked profits in time at 5970 levels. Giving a neat small trade in  range bound 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 – 21^st  Feb  Trading Guide

NIFTY FUT – just managed a close above the crucial 5960 zones. But is that good enough? Given the fact that we failed to take out 5985 zones , makes it a little tough, but the fact that we traded in a small 25 odd points today will make the trading decision easier . We have to watch out the daily candle today to see where it may be headed next.
On the downside if NIFTY FUT manages to breach 5940 levels it will again move into a weak territory and can start another downward trend. Below that trade for NIFTY FUT to test the 5910 zones. A confirmed swing reversal will only happen if 5890 is breached.
On the upside if NIFTY FUT managed to trade above 5985 it will test the swing hurdle zones of 6010.  If that is cleared we can see a strong short covering and move all the way till 6050-60  zones.
Crux of the matter watch out for today’s daily candle and initiate trade on the break of the trading range on either side. Not much point looking to invent trades in between this range.

Momentum indicator wise now the short term momentum indicators are trading positive and will continue to hold so until NIFTY FUT trades above 5920. Mid term momentum indicators are also trading positive now and will continue to hold so above 5890 zones.

If you like the trading levels and analysis and views do like us and leave your feed back and suggestions at our facebook page
Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5980-85     sustaining above which it will target 6010,6045
POWERTRADE TREND DECIDER OF THE DAY ------- 5955-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5935-40
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5915,5890,5865

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 19th Feb and Update for 20th Feb 2013

NIFTY FUTURE – Review of 19^th Feb

NIFTY FUT – A perfect day trading with the levels again, more importantly markets moved and showed some consistency rather than hovering around in a range bound manner.
Few sessions back when analysts where yelling shorts and correction all over the internet we had clearly discussed that 5860 and below that 5830 are strong supply and support zones and irrespective of what people say we should look for starting to invest in that zone. Today we have witnessed a near 100 points pull back in the index futures from those levels and hope traders had used that and did had good gains.
For daily trading levels we had mentioned that 5890 will hold the key, markets marked an intraday low exactly there and pulled back smartly from those levels . Also the BEARS LAST STAND point ( break out level) was mentioned as 5925 levels and long traders had an ample chance to go long at those levels and book good gains.

Let us review how it worked on charts as per the trading plan that we shared few sessions back.

NIFTY FUT -TRADING STRATEGY ANALYSIS

Once it was confirmed that the TREND DECIDER is respected and markets pulled back from that level. There was a low risk trade entry from there and gave an opportunity for contrarian traders.
As per the charts we again had an opportunity to go long above 5925 the BEAR LAST stand point giving away good gains there too.

NIFTY FUT exactly made a top near 5960 levels and closed strong , so what is up for NIFTY FUT in the next trading session. Have we crossed the crucial hurdle yet? Let us review all that in our analysis for the next session

NIFTY FUT traders today had a blast going long near 5905 and booking gains all the way till the close of the day making it a big trading day… …. 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 – 20^th Feb  Trading Guide

NIFTY FUT – managed a strong close near 5960 zones and also managed to hold onto the 5890 levels for two consecutive trading session. What is more important to look out for in the coming session is to see if NFTY FUT can manage to move above and trade above the levels of 5960 for the next session.
This will form as the immediate hurdle in the next session and trading above that level can ensure NIFTY FUT goes on to test 5985 levels and above.
On the downside 5925 levels will prove as the immediate support levels and if it manages to hold that level it will be prudent to look for pull back trades below that NIFTY FUT may trade weak and again go on to test the  5900 levels.
In case 5890 cracks this time it will confirm a false top and a break down can be much more severe. But at this time it looks like we may be set to test the zone of 5985-6000. That will form as the next acid test for BULLS above 5960 levels.
Momentum indicator wise now the short term momentum indicators are trading positive and will continue to hold so until NIFTY FUT trades above 5920. Mid term momentum indicators are also trading positive now and will continue to hold so above 5890 zones.

If you like the trading levels and analysis and views do like us and leave your feed back and suggestions at our facebook page
Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5925-30    sustaining above which it will target 5965,5995
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 ---- 5835,5810

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.