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 – 10^TH 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.

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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