Review of 14th Feb and Update for 15th Feb 2013

NIFTY FUTURE – Review of 14^th Feb

NIFTY FUT – we had mentioned that the immediate trading range to watch out was 5925 levels on the downside and 5960 levels on the upside.  NIFTY FUT on the morning opened just around that zone and took support in above 5925 range. It did attempt to take out the higher levels of but once it made a lower top below 5960, it worked pretty much as a confirmation that a lower top is formed.
This was confirmed when market breached the morning highs and feel through the support zones.
Yesterday we wrote that “Given the pattern with which NIFTY FUT has traded in the past few months now in all probability the 5900-5960 zone will prove to be the make or break zone”
Today finally that level was breached and closed below the crucial support zones. This doesn’t auger well for the markets in the short run.
We mentioned that the TREND DECIDER of the day is 5920 levels , this was also the morning low made. The target below that was 5890 -5900 zones – BULLS LAST STAND point of the day. Once NIFTY FUT moved below that level, it finally made a low exactly near that zone.

Despite the break are there any warning signals to watch out for if any?
 Review our Trading analysis for the next trading session. And some interesting insights for the next session.


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NIFTY FUT trader had a blast going short below 5930 and minting gains all the way till 5895 levels. BANKNIFTY FUT traders too had a fantastic session earning near 70 points 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 – 15^th Feb  Trading Guide

NIFTY FUT – Closed below the crucial trading levels of 5900 zones, confirming a pivot set up formation as well on the daily charts.  This also proved that the reversal pattern formed on 11^th and 12^th was a non-sustainable set up.
The fact that we witnessed a higher volume compared to the previous session also confirmed that this down move may sustain.
Based on this it will be extremely critical to see how NIFTY FUT trades around the 5890-5900 zones. Only sustenance below that will ensure further slide to test the swing support and supply zones of 5830 levels.
This is where we expect support to come in and these will be good levels for the investing community to get in.

On the downside levels immediate support comes at 5860 levels. NIFTY FUT will face hurdle at 5925 levels and a breach above that can be treated as positive.  BE warned that above that all rise to 5960 will be resisted.

Lot of analysts will come out in the news soon giving all BEARISH predictions and giving fancy levels. These would has surely also projected fancy upsides when NIFTY FUT was making highs.
Way back in early Jan even before it was tested we had marked that 6120 will be the zone to watch out for. NIFTY FUT made an exact high there and fell.
In the same vein we believe 5830 will be a supply zone to watch out for from low risk investing perspective. We will only talk about deeper levels after that is breached.


Swing indicator wise the short term are back to negative territory  and will turn positive once NIFTY FUT moves above 5945 again. Mid  term momentum indicators are negative now and will continue to hold so until NIFTY FUT trades below 5965  levels
As for trading today the levels are as follows and pretty much remains the same:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5925-30   sustaining above which it will target 5965,5995,6025
POWERTRADE TREND DECIDER OF THE DAY ------- 5890-5900
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 ---- 5835,5810

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

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