Monday 29 April 2013

NIFTY holds onto 5900 levels. Exact top at our swing levels


NIFTY FUTURE- Review of 29th  Apr
NIFTY FUT –  managed to hold on to the 5900 trading levels for yet another session. Infact exact top was again made at our swing trade levels of 5930 odd.
This is the trading level that market has been failing to clear for the past few sessions. Apologies folks had not been able to update the blog for a few days. Our Normal trading services had been on though.
We had mentioned a few sessions back that 5890 on the downside and 5930-35 on the upside will hold the key for immediate trading levels. This is the trading level that market has been trading within for the past few sessions.

We  have many a times advised that when markets are trading within a range it is prudent to take pull back trades within this range and look for a range break out trade outside the trade. We took a good pull back trade at 5902 levels and booked in gains at 5925 odd trading levels.

 NIFTY FUT closed just above 5900 trading levels. This level has been holding on for a few sessions. What is in store for the markets next. Read our analysis for the next session.

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NIFTY FUTURE – 30th   April  Trading Guide
NIFTY FUT  traded within almost the same trading range closing at just above the 5900 trading levels. NIFTY FUT has traded within a 50 odd point trading range mostly for the past few trading sessions.
This range will have to be keenly watched for the upcoming session. A break out of this range will form the next part of the swing trade and determine the direction of the market for the rest of this series.
NIFTY FUT will again face immediate hurdle at 5930-35 odd trading levels again and clearing that level will ensure that NIFTY FUT will go onto to test the higher trading levels of 5960 odd and higher levels of 6000.
On the downside a breach of 5885 odd levels will ensure that this trading range is breached on the downside and NIFTY FUT can again go onto to test  the 5860 levels and lower Immediate trading per se 5910-15 will form as the TREND DECIDER and trading above that will trade with a positive bias.
Trading Strategy: Look for a break out trade above 5935, or a break down trade below 5885 zones. Risky traders can look to take pull back trades in case NIFTY FUT holds above 5910 odd trading levels.
Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5930-35 sustaining above which it will target 5970, 6000
POWERTRADE TREND DECIDER OF THE DAY -------5910-15
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5880-85
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5865, 5830

Tuesday 23 April 2013

NIFTY hovers around the same top. Where is it headed? What are the key trading levels ahead.


NIFTY FUTURE- Review of 23rd  Apr
NIFTY FUT –  traded in a choppy manner for the good part of the day and gave a pretty listless day after quite some time.  Infact we got hit in the trailing stop in our trade after quite a few sessions.
NIFTY FUT made identical lows and highs in the past two trading sessions.  We had mentioned that the TREND DECIDER of the day is 5825-30 zones , due to the choppy nature we witnessed that this trading level being tested on quite a few occasions but failed to clear out that until the closing sessions.
On the downside we mentioned that the BULLS LAST stand point of the day as 5790, NIFTY FUT failed to breach this trading level and hence witnessed a pull back to give  a strong close eventually.
Possibly on hindsight the pull back was trade we would had wanted to take.

NIFTY FUT closed strong just above the trading zone of 5830 trading levels, what are the next critical trading levels to watch out for. Where is it headed next. Read our review for the next trading session.



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NIFTY FUTURE – 25th    April  Trading Guide
NIFTY FUT  closed strong just above the 5835 trading levels.  We also witnessed identical bottom be made just above the 5790 trading levels. This will form as the immediate intraday as well as the swing trading level.
Also 5825 will continue to be the swing decider trading level, If market trades above this zone it will continue to trade with a positive bias But on a swing basis now the trading levels of 5840-65 will form as a key swing hurdle . So any long created on break out need to be a bit cautious. At this same time a sustained move above 5870 will ensure that NIFTY FUT can go onto test the swing trading levels of 5930 and 5980 on the upside in coming sessions.
On the downside this time a breach of 5790 can mean lot of long position un winding. And some profit booking to test the trading levels of 5765 and 5730 zones.
Trading strategy: Look for a pull back trade  until nifty fut holds above 5790 trading levels and a stop and reversal below that zone. On the upside traders may initiate long positions above 5830 trading levels. Safe traders or swing traders can look for  a clear break out above 5870 odd trading zones.
Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5865-70 sustaining above which it will target 5890,5920
POWERTRADE TREND DECIDER OF THE DAY ------- 5825-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5790-5800
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5765,5735

Monday 22 April 2013

Precise Daily Trading in NIFTY with Price point analysis. Increase your trade accuracy


NIFTY FUTURE- Review of 22nd Apr
NIFTY FUT – we had mentioned that if it manages to trade above the TREND DECIDER of 5770 levels it will trade with a positive bias.This is exactly what happened. Let us review what we wrote yesterday.
 We wrote—“ , It will be important for NIFTY FUT to trade above the 5770 trading levels. In case NIFTY FUT manages to hold above that zone it will again go on to test the 5800 trading levels . Trading above that zone  it will try and attempt the swing hurdles of 5830-35 which was a long term trading level”
NIFTY FUT in the morning session once it managed to hold above a 5800 trading levels it gave a buy opportunity to traders to target the 5830 trading levels.
IN fact  got the same opportunity twice during the mid day trading session when that level was tested again and we managed a pull back.
We indeed took that trade too, and were spot on with the exit timing to get a neat gain in a small trading session.
But the star trade was going long in the BANKNIFTY FUT where we minted over 130 points of gains in a single session. This is in fact turning out to be a massive month for BANKNIFTY FUT trading.

Now that NIFTY FUT has managed to clear the 5830 trading levels on a swing basis where is the next hurdle. Will BEARS Fight back or BULLS rule.


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NIFTY FUTURE – 23rd    April  Trading Guide
NIFTY FUT closed above the crucial swing hurdle of 5830 and looks strong, I’m sure lot of analysts on television would have changed their stands and shouting longs lately. But readers will recall that we had mentioned in way back when NIFTY FUT tested 5500 levels, that until we see a close below that level, there is a fighting chance of a pull back and presents a low risk buying opportunity. Since then we had witnessed a strong pull back of near 330 points now. Hope traders earned good gains in these sessions.
Now the 5825-30 level will behave as the immediate TREND DECIDER of the for the next trading session and in case it manages to hold above these levels it will trade with a positive bias and target upside levels of 5860-70 zones which is the next trading level from a swing as well as an intra day point of view now.
In case NIFTY FUT even manages to clear that level look for another round of build up of longs to target all the way upto 5920 trading levels on a swing basis.
On the downside in case if NIFTY FUT trades below 5830 odd trading levels it will again trade in a listless manner is likely to find downside support at 5800 trading levels Expect BEARS to take contrl and be in charge in case NIFTY FUT trades below the 5790 trading levels. On the downside it can fall all the way upto 5760 trading levels where we should surely see some swing based accumulation and supply upto 5730 trading levels. Any breach and trading below it will mean the end of the swing upside.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5860-65   sustaining above which it will target 5890,5920
POWERTRADE TREND DECIDER OF THE DAY ------- 5825-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5790-5800
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5765,5735

Wednesday 17 April 2013

NIFTY Exact top at 5730 levels as per the trade plan. What is the high probability trade at this level


NIFTY FUTURE- Review of 17th Apr
NIFTY FUT – For Wednesday we had mentioned that 5690-5700 will hold as the trend decider and cross of that will attempt the 5730 levels.
We also discussed that 5730 will be the next key swing level to watch out for. NIFTY FUT in the morning sessions once it managed to sustain above 5700 levels went on to make an exact top there at 5730 odd trading levels.
From there we saw a sharp fall to make an exact low near the 5660 odd trading zones. We had mentioned that 5660 will hold the key on a swing basis, this was respected and we saw a good pull back at that zone to close again at 5700 odd trading levels.
This resulted in a good trading day for us, we failed to take the short trade which was a contrarian opportunity but took a good long trade in the morning session making in decent gains.

NIFTY FUT closed near the 5700  for the second consecutive trading session . where is it headed next , what are the crucial trading levels to watch out for?. Read our analysis for the next session.

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NIFTY FUTURE – 18th  April  Trading Guide
NIFTY FUT closed near the 5700 trading levels for the second consecutive trading session. Almost an identical close as compared to the previous trading session.  This is the most important take away from the previous session.
Also another take away is that we saw a top being made at 5730 trading levels, this will be the immediate break out level to watch out for if NIFTY FUt manages to hold at these levels. If we see a sustained break out above that zone we will see another round of upmove on a swing basis from there on.
Upside targets remain at 5765, 5790 trading levels. Long time readers will recall 5765 was a level we dealt with for quite some time in the last series.
On the downside it will be important for NIFTY FUT to sustain above 5660 levels for the break out of yesterday to hold and trading below that will lead to test of 5630 levels , which was the immediate break out level in the last session.
Trading strategy: Look to take pull back trades on dips until 5660 odd trading levels. On the upside look to take a break out trade above 5730, Risky traders can look to create longs in case NIFTY FUT manages to hold above 5700 trading levels as well. Short can be taken in case it holds below 5690 or on a break down of 5660 trading levels

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5730-35  sustaining above which it will target 5765,5790
POWERTRADE TREND DECIDER OF THE DAY ------- 5690-5700
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5660-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5630,5605

Tuesday 16 April 2013

NIFTY Pulls back exactly from our Support zones. Didn’t we hear the analysts say short few days back?


NIFTY FUTURE- Review of 16th Apr
NIFTY FUT – Readers will recall that few days back even in the last trading session we had been harping on the point that 5500 is a support and supply zones and until it trades below it there is a good low risk pull back opportunity.
For today we had mentioned that the TREND DECIDER of the day is 5560 levels and if it manages to trade above it will look for an upside bias.
This was a long trading opportunity. We also mentioned that one can take pull back trades within the 5500-5600 zone and reversal break out trades outside the zone. This was a second opportunity to go long in reversal above 5600 levels giving away near 100 points of total gains. Hope readers stuck to the trading strategy and capitalized on decent gains.
We too took two trades during the sessions and managed to come out with flying colors.

NIFTY FUT closed near the 5700 odd trading levels and closed a shade below it. What is the next crucial trading level to watch out for. Read our analysis for the next session.
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NIFTY FUTURE – 17th  April  Trading Guide
NIFTY FUT closed near the crucial trading levels of 5700, just kissing the 5700 trading levels and closing a shade below it. We had been telling that  5630 is the crucial TREND DECIDER on a swing basis. We also mentioned we will witness a good short covering once that level is breached. Today we saw that momentum and that was pretty much the last resort of the BEARS which was taken out.
Just a few sessions back BEARS looked in good control and I bet many analysts would had been shouting shorts all the way. Despite that we had mentioned that 5500 is a crucial swing support and until we sustain below that level we are in for  a surprise ( Read a pull back opportunity with low risks). We had witnessed a near 200 points pull back from those levels. Is it time to cool the heels now? Well that will depend on the next trading level.
Firstly it will be important for NIFTY FUT to sustain and trade above 5690-5700 trading levels in case it sustains above that level it will be headed for 5725-30 trading zones. This will be the next immediate hurdle and a clear of that can propel NIFTY to 5765 levels and higher. Long time readers will recall 5765 was a level we dealt with for quite some time in the last series.
On the downside it will be important for NIFTY FUT to sustain above 5660 levels for the break out of yesterday to hold and trading below that will lead to test of  5630 levels , which was the immediate break out level in the last session.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5725-30  sustaining above which it will target 5765,5790
POWERTRADE TREND DECIDER OF THE DAY ------- 5690-5700
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5660-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5630,5605

Monday 15 April 2013

NIFTY FUT Outlook for the rest of the week and High potential trading opportunities


NIFTY FUTURE – 16th  April  Trading Guide
NIFTY FUT For the past few sessions we mentioned that 5500-30 is a strong supply and buffer zone. NIFTY FUT in the morning session opened just there and managed to bounce back all the way upto 5600 levels giving  a good low risk pull back trade.
The fact that it failed to clear 5600 and again ended up closing near 5560, shows that the band of 5500-5600 is a tough nut to crack for both the bulls and bears.
Here comes our next trading opportunity , this range will give a good pull back trading opportunity for the traders with stops and reversal 5 odd points outside the range. 5560 is again a no mans land from  an intra day perspective and this will also act as a tend decider.
From and intraday point of view if markets holds above 5550-60 trading zone deem it to be positive to test upside levels of 5590-5600 and similarly on the downside 5530 odd can be tested.
Swing wise strong hurdle remains at 5630 on the upside and we had mentioned that all pull backs till then will be resisted, we saw too such failed attempts in the past couple of sessions. On the downside swing wise 5490 will hold the fort and a breach of that can see another round of slide.
Trading strategy: Look for long trades in sharp dips with stops and reversal below 5490 odd levels. And look for short trades in rise with reversal above 5605 levels  Also risky intraday traders can trade shorts if markets holds in opening sessions below 5560 range and  vice versa.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5595-5600 sustaining above which it will target 5630,5655
POWERTRADE TREND DECIDER OF THE DAY ------- 5555-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5505-5500
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5470,5430
Detailed analysis also posted 

Thursday 11 April 2013

NIFTY FUT knocking back at 5600 levels, what’s the next key trade?


 NIFTY FUTURE – 12th  April  Trading Guide
NIFTY FUT today found some critical support at 5550 odd trading zones, readers will recall we had mentioned before the levels were broken that the support buffer was at 5530 levels, today NIFTY Fut created a higher low just above that level, now even swing wise this will form as a key support level to watch out.
A move above the 5590-5600 trading zone can see a test pull back to 5630 odd trading levels. In case NIFTY FUT manages to move in a sustained way above 5630 level we can see a sharp pull back to higher levels coupled with some short covering as well.
In case NIFTY FUT clears 5660 levels it will be headed straight to the 5700 levels on the upside.  On the downside NIFTY FUT if fails to sustain near 5590 levels we can see a slide to 5560 odd zones, This will be a choppy zone to watch out, a break of that can see serious selling pressure this time confirming a lower top.
Trading strategy: Look to go long if NIFTY FUT holds above 5590-5600 or a break out long too above 5630 odd trading levels. In case we see in the morning session a failure to sustain that level, look to take a short trade to target 5560 odd trading levels.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5625-30  sustaining above which it will target 5655,5695
POWERTRADE TREND DECIDER OF THE DAY ------- 5590-5600
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5555-5560
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5535,5515

Tuesday 9 April 2013

NIFTY Giving Good trading opportunities on both side, High Potential trading ideas


NIFTY FUTURE-  Market Review 9th April
NIFTY FUT-What A daily candle did we witnessed today NIFTY Fut marking a higher high from the previous day, exactly pausing below the swing trading levels and correcting massively from there. Despite such strong move all trading levels that we published did almost work to perfection.
Firstly we advised that we should only look for a breakout trade on either side of the previous trading range. NIFTY FUT gave a solid break out trade above our BEARS LAST Stand point near 5590 levels to give a good solid 30 odd points gains.
Let us quickly review what we had mentioned --- “On the upside NIFTY FUT will tend to again pull back and test the trading levels of 5595 and in case NIFTY FUT manages to hold above that zone it may see a sharp pull back to attempt the 5630 odd trading levels.”
NIFTY FUT paused exactly below that , once that level was not taken out. NIFTY FUT faced a severe assault from the BEARS. All hell broke loose once NIFTY FUT broke below the trading range of the previous day. Giving another terrific trading opportunity. Giving a quickfire 50 odd point gains.
Today was a fantastic trading day for us where we managed to earn on both sides as per our trading rules and levels . Gives one a lot of satisfaction as a trader when one gets to take two good trades on both sides.
NIFTY crashed and just paused at our mentioned buffer and supply zones doing the downsides targets along the way. Now that NIFTY FUT has closed at 5500 levels what is in store next? Review our analysis for the next session.

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 NIFTY FUTURE – 10TH April  Trading Guide
NIFTY FUT  closed at the crucial trading levels of 5500 barely managing to hold on there. The daily candle witnessed was a heavily bearish one, where we saw a higher high and a lower low being made.
NIFTY Fut will now face immediate hurdle at 5525-30 zones and clearing that will again attempt the resistance zones of 5560 odd levels where it had been finding support for the past few trading sessions.  Till that point all pull backs will be resisted and only a clear of that will put NIFTY FUT back in a choppy trading zone.
On the downside Now if NIFTY FUT manages to sustain below 5500 trading levels it is poised to test the downside levels of 5460 and lower levels of 5430. Readers will recall that once we closed below 5630 we had mentioned that the downside targets emerges at 5530 and 5460. We have now done the first downside target.
At the same time if NIFTY FUT manages to hold around the 5500 levels we may witness a pull back to test the trading levels of 5530 and 5560 trading levels.
Trading strategy: look for a pull back if NIFTY FUT holds above 5500 trading levels or a short below that level.
,

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5525-30 sustaining above which it will target 5555,5590
POWERTRADE TREND DECIDER OF THE DAY ------- 5495-5500
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5460-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5435, 5420

Monday 8 April 2013

NIFTY holding up at these levels, what is the key level to watch out for


NIFTY FUTURE-  Market Review 8th April
NIFTY FUT- A range bound session indicating NIFTY is managing to find some support here at these levels. Today we saw that NIFTY FUT pretty much traded between the levels of 5595 and 5560 this was also our TREND DECIDER and the BEARS LAST stand point of the day.
We had many a times mentioned in the past that when markets trade between two trading levels that are provided it is a good sign that markets may stay range bound here. Today was just about that, we wanted to go short but markets didn’t retrace to our level making it a trade les day for us.
NIFTY FUT barely managed to close again at near 5560 trading levels what is in store next? Read our review for the next session.
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 NIFTY FUTURE – 9TH April  Trading Guide
NIFTY FUT  barely managed a close near 5560 trading levels, we had mentioned this level a few times already in the last couple of trading sessions, the fact that market is managing to play around this level goes on to show the importance of this level.
Now we had a small trading candle on a daily basis, also markets made a similar double bottom for two consecutive trading days.
Based on this 5550-55 will hold the key and also play as the immediate trend decider level for the day. A breach of that can ensure that NIFTY FUT will try to test the lower levels of 5515-20 on the downside. Below that we can see a support zone at 5500 trading levels.
On the upside NIFTY FUT will tend to again pull back and test the trading levels of 5595 and in case NIFTY FUT manages to hold above that zone it may see a sharp pull back to attempt the 5630 odd trading levels.
Trading strategy: Look out for the daily candle of the previous day and avoid taking a trade within the candle. Look to short below or Long above the daily candle range. Scalpers can try to see a quick pull back trade within this range and reversal beyond the trading range,

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5590-95 sustaining above which it will target 5630,5665
POWERTRADE TREND DECIDER OF THE DAY ------- 5555-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5515-20
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5500,5470