NIFTY FUT consolidates, Swing levels remain intact. Trading NIFTY at these levels.

NIFTY FUTURE- Review of 29^th May

NIFTY FUT –   Let us quickly recap two things that we discussed yesterday. 1. We mentioned that

“6050 levels will again form as the crucial support and in case NIFTY FUT breaches that level we can see a change in mid term trend too.”  Today NIFTY FUT marked a low just above that zone at 6050 and managed to pull back sharply to just hit the  TREND DECIDER of the day at 6090.

We may also note that the BULLS LAST Stand point discussed was at 6050-55. This is again exactly where low was marked in NIFTY FUT today. Is it magic. No its simple price point analysis of the trading levels.

We also mentioned that below 6090 NIFTY FUT will trade in a lack lusture manner this is exactly what happened again when NIFTY FUT moved below 6090 trading levels. How did we trade the day.

NIFTY FUt consolidated within the trading range and managed to hold on to the support levels  and at the same time failed to cross the swing hurdles. How to trade NIFTY FUT from these levels. Let us analyze in our trading session for tomorrow.

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

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   May Trading Guide

NIFTY FUT  closed at a crucial trading levels of 6085 , this is pretty much trading within the range created in the previous session.  In fact NIFTY FUT also made identical lows for the past two trading session.

Based on that 6050-55 will form as the  crucial support zone again and trading below that level now may lead to a test and break of 6030 to hit lower target zones of 5990-6000 trading levels.

On the upside 6085-90 will form as the form as the TREND Decider again and we can see a bullish nature emerging once NIFTY FUT manages to trade above this range. Crucial swing wise break out will emerge once NIFTY FUT manages to trade above 6115-6120 trading levels. Safe trading looking to initiate longs may wait for a clear of this trading level.

IF NIFTY manages to clear this level, then we may see more traction on the upside trading levels. The next hurdle above this level lies at 6150 trading levels and if it manages to clear that then we can see a straight dash to 6200  6220 trading zones on the upside.

Since the trading range remains the same, more or less the trading levels too remain intact.

Avail automated trading signals for just 2000 INR for all subscriptions made before 31st May 2013

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6115-6120  sustaining above which it will target 6155,6198
POWERTRADE TREND DECIDER OF THE DAY ------- 6085-90
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6050-55
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6030,5990

NIFTY FUT Hits swing retracement levels perfectly as projected. Projection analysis for the next move

NIFTY FUTURE- Review of 28^th May

NIFTY FUT –  Yesterday we discussed that a pull back trade can be the flavor of the day today and at the same time we also discussed that 6030-35 levels will form a crucial swing support zone and pull backs from this zone can be expected. This is also the level we advised to trade pull backs with stops at 6030 trading levels.

Let us exactly review what we had discussed on the blog yesterday:  “On the downside  NIFTY FUT will find support at 6050-6035 trading levels. This will be a good trading zone to try and check a pull back levels or stops can be placed at these levels in case NIFTY FUT sustains on the higher side”

 NIFTY FUT exactly made an intraday low at 6048 and managed to pull back sharply from there to first cross the TREND DECIDER at 6060 and then the BEARS LAST STAND point at 6090 to make a top just at our swing hurdle of 6120 levels.

So what was the right trade today. Since we discussed a pull back trade would be fine we could had traded a pull back at the TREND DECIDER with stops at 6030 and looking for pull backs to 6090 and then 6120. We went long at the trading levels of 6050 and booked our gains in 6090 though. Although on hindsight some positions could had been carried forward for higher levels.

Today we hit the levels of 6120 and managed a close a shade below that level. Where can markets head from here. Let us analyze it in our next trading session.

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

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-29^th   May Trading Guide

NIFTY FUT closed a shade below the trading levels of 6120 and this will form as the immediate hurdle in the trading session. IF we can see a sustained move and trade above the trading level of 6120-25 then we may see more traction on the upside trading levels. The next hurdle above this level lies at 6150 trading levels and if it manages to clear that then we can see a straight dash to 6200  6220 trading zones on the upside.

On the downside , this time around 6090 will form as the key support and more or less the TREND DECIDER for the next session , until NIFTY FUT holds above that trading level we will see a positive bias  and below it we can see a more lack lusture performance than a negative bias.

6050 levels will again form as the crucial support and in case NIFTY FUT breaches that level we can see a change in mid term trend too.

Avail automated trading signals for just 2000 INR for all subscriptions made before 31st May 2013

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6120-25   sustaining above which it will target 6155,6198
POWERTRADE TREND DECIDER OF THE DAY ------- 6085-90
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6050-55
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6030,5990

NIFTY FUT bounces back exactly from 5930 levels. Trade with low risk high reward entries.

NIFTY FUTURE- Review of 27^th May

NIFTY FUT –  Just two sessions back we wrote that 5930 as a support will be a low risk pull back opportunity given the markets situations and look where we are back. Let us exactly see what we discussed…

We wrote that “In view of that it will be an interesting pull back trade to take with stops around 5930 and reversal below that zone. Adding up only if 6030 is cleared though. Lets see how that trade set up works out.”

It couldn’t had got more perfect and closer than this markets found exact support near that zone and low made on Friday was 5936 levels just 6 points above our stop, from there now we have seen a pull back of 160 odd points.

The beauty of that trading level again was 5930 was not something we had seen on Thursday, in fact the low made then was at around 5950 levels. So it was a terrific level that was analyzed. Again why we discussed that trade was the terrific low risk opportunity that we had.

Also we had mentioned that we would add up above 6030, that was mentioned as a swing hurdle. Look at the market momentum once that level was taken out markets blasted to do some 70 odd points kissing 6100 on the upside.

Now that we have bounced back above 6030 trading levels where are the next trading opportunities? Read our analysis for the next session.

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

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   May Trading Guide

Firstly want to highlight  something as a trader. Over the years the belief that we have understood is that the single most difference between a winning and a losing trader is the discipline factor. It makes a huge difference and that is one thing that stands out in the long run.

The pattern that we have observed is that not many traders are willing to trade a system for a long time. Most are looking for instant returns and risking big stakes per trade. Risk smaller stakes, look for long term gains in a sustained manner and follow whatever trading logic or system you have developed over a period of time.

If you can test it on a trading software it is even better and helps improve the system a lot more better. If we don’t have the confidence has the patience to paper trade a system. Markets are not running out.

Also we should understand that markets are not always favorable to all trading strategies all the time. Hence we got to be patient. Our system thrive on volatility and market movements and hence been doing extremely well but Jan was a time when our systems gave very low returns.

Coming back to NIFTY FUT , NIFTY FUT exactly hit the level of 6100 today which was more of a psychological level I guess than of any technical significance at this stage.  NIFTY FUT will find immediate hurdle at 6090-6100 trading levels. In case that is cleared a  more significant hurdle lies at 6120 levels and clearing that we can see it scale upto 6155 and higher.

On the downside  NIFTY FUT will find support at 6050-6035 trading levels. This will be a good trading zone to try and check a pull back levels or stops can be placed at these levels in case NIFTY FUT sustains on the higher side.

Look for a pull back trading using the trading levels provided below or a clear break out trade above 6120. Short players will become very active again if NIFTY FUT fails to sustain above 6030 confirming a false upside move today.

Avail automated trading signals for just 2000 INR for all subscriptions made before 31st May 2013

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6090-6100   sustaining above which it will target 6120,6155
POWERTRADE TREND DECIDER OF THE DAY ------- 6060-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6030-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6005, 5980

NIFTY FUT cracks 6090. Pre analyze market movements with price point analysis

NIFTY FUTURE- Review of 23^rd May

NIFTY FUT – A good unidirectional trending day, albeit on the short side. Yesterday we had mentioned that 6080-6090 is a good swing support levels and advised traders to try long above it and go short below that zone. Markets exactly marked an opening below that level  and never managed to cross that level for the rest of the day. Such was the importance of this trading level. Fortunately for our readers they were well aware of this even before this move happened.

 Today market open below yesterday’s low of 6081 with a open equal to high and the market fell from that level and  did with a amazing consistency.. As opening was below 6080 level as BULL LAST STAND POINT OF THE DAY this opened up downside targets of 6060 and lower levels as well.

This was the trade we took below 6060 levels for downside targets of 6030 as per our trading levels.

As market went below the 6000 level which meant the market has a lower range as few days back we have mentioned that 6000-5990 as the support level breaking of that  move the market to breach to 5950-5955. Look at the market reaction once 6030 and then 5990 was cracked, all our downside targets were done. Our client again went short below 5990 and reached a target of 5960 level were they exited. Look at the charts NIFTY low made exactly there at 5950.

Again dear friends this is not a rocket science but simple price point analysis considering multiple trading swings and range in view..
How are the markets expected to perform in the coming sessions, what are the critical support levels to watch out in this zone. Read our detailed analysis for the next session

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

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   May Trading Guide

NIFTY FUT firstly truly surprised with the pace of the correction, while we were prepared to go short below 6090 and in fact did take two trades both working great we were at the same time little surprised with the pace and the range of correction. Historically correction though has higher paced many times than upmoves.

Coming back to trading levels. The low marked today is extremely critical. This is crucial retracements levels of the entire upswing.  A break of this  may be 5930, could mean further downside  on swing basis to test levels of 5860.

On the upside immediate hurdle comes at  5990-6000 and strong swing hurdle now emerges at 6025-30 zones. All rise to that levels will be countered and a clear of that levels will again mean BULLS are back.

This is an interesting scenario trading wise where long term momentum is still intact on the upside and at the same time short term and medium term momentum is downwards biased.  Usually personally we prefer low risk pull trades and reversal in the direction of the trend if that fails.

In view of that it will be an interesting pull back trade to take with stops around 5930 and reversal below that zone. Adding up only if 6030 is cleared though. Lets see how that trade set up works out.

Although for intraday trade perspective advice to traders is to strictly follow the daily trading levels.

Avail automated trading signals for just 2000 INR for all subscriptions made before 31st May 2013

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5990-6000   sustaining above which it will target 6030,6060
POWERTRADE TREND DECIDER OF THE DAY ------- 5950-5960
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5930-5925
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5890,5870

NIFTY FUT hits crucial retracements of 6090. How to trade it from here?

NIFTY FUTURE-24^th   May Trading Guide

Hope you folks managed to have a look at the long term chart analysis for the bank nifty future that we posted based on the classical cup and handle pattern.

Coming back to NIFTY FUT readers will recall that we had mentioned that 6090 trading levels are a strong swing supply zones and they are the downside targets below 6140 and lower. Today markets marked a low there at the 6080-90 zones and managed to sustain that zone and pull back and close above 6100 trading levels.

Keeping that in view 6125 levels will form as the immediate trend decider and trading above that markets will start displaying a positive bias.  On the downside 6090-6100 will be the supply and support zone and a break of that can see  NIFTY FUT drift to 6050-6060 trading levels.

On the upside true bullish nature will be back on clear of 6150-55 trading levels and that at the same time will form as a crucial swing hurdle.

So whats the trading strategy we can adapt at this stage. Look for pull back longs with stops below 6090 and reversal below that and look for pull back shorts at 6140 trading levels with stops above 6155 and reversal above that.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6150-55   sustaining above which it will target 6190,6225
POWERTRADE TREND DECIDER OF THE DAY ------- 6120-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6085-90
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6060,6030

Is BankNifty in a classical Cup & Handle Formation. How are technical targets derived

Vital Signals for Cup & Handle Formation

·         Cup with handle patterns are very similar to double top patterns with the exception being that selling does accelerate after the formation of the second top, instead the stock consolidates and eventually pushes beyond overhead resistance on strong volume.

·         Generally, most cup with handle patterns are completed over the course of 9 -16 weeks and involve two separate pullbacks of 20 - 50 percent (cup portion) and 8 -20 percent (handle portion).

·         Upside breakout from the handle portion of the pattern should occur on strong volume.  This increase in volume verifies that selling pressures have been satiated.

·          Upside breakouts often lead to small 2-3% rallies followed by an immediate test of the breakout level.  If the stock closes below this level (now support) for any reason the pattern becomes invalid. 

Now that we have an understanding of the cup with handle pattern, let's take a closer look at the BANK NIFTY WEEKLY CHART AS ON MAY 20, 2012.

How Are Technical targets Derived?

The technical target for a cup with handle pattern is derived by adding the height of the "cup" portion of the pattern to the eventual breakout from the "handle" portion of the pattern.

So what are the upside targets on long term basis if 11,000 manages to hold.

Target 1: 15,000 Target 2: 18,000 

( As per the classical cup & Handle breakout formation)

BANKNIFTY FUT WEEKLY CHARTS -20TH MAY

NIFTY FUT marks a failed top. What are the critical retracements levels

NIFTY FUTURE- Review of 20^th  May

NIFTY FUT –  marked a failed top and higher high trading levels of near 6240. We were expecting markets to test the trading levels of 6255 if 6210 was taken out.  But it was an upside beyond that trading levels.

Also on the downside we mentioned that NIFTY FUT will find critical support at yesterday’s lows today markets marked a low just there above 6155-60 trading levels. This was also marked as our BULLS LAST STAND point meaning break of this would had seen another downside. This level managed to hold on for today. This will be keenly watched in the coming session.

We took a pull back trade today above 6210 levels but got hit on that one. Believe some law of averages catching up after an un precedent successful run.

One potential trade today was going short on the break of trend decider (6180-85) and targeting trading levels of the BULLS LAST stand point (6155-60) where markets marked an exact bottom.

Markets just managed to hold on to the 6160 trading levels. This level got survived for today. What are the levels to watch out for in the coming sessions. Read our review for the next session.

Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Avail automated trading signals for just 2000 INR for all subscriptions made before 31st May 2013

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our

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  May Trading Guide

NIFTY FUT  managed to close at 6170 trading levels just managing to hold onto the 6155 trading levels.  This trading level is critical to watch out for the next session.

The trading level of 6140-55 will form as a critical support and supply zone. This level can see some pull backs if markets manage to hold on. IN case NIFTY FUT cracks that trading level we can see a breach to downside levels of 6100-10 on the downside.

In case NIFTY FUT manages to trade and hold above the 6155 trading levels we can see a pull back to upside levels of 6190 trading zones. The levels of 6210 will again form as a crucial hurdle on the upside this time. A clear of this level should ensure that markets test the higher levels of 6240-55 zone again and potentially should see a swing break out as well.

Else I we should expect 6210 to hold on as a resistance in the coming sessions and markets to retrace to lower levels . The lower levels on swing basis to watch out for are 6110, 6080 and 6040 trading levels.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6200-6210   sustaining above which it will target 6240,6290
POWERTRADE TREND DECIDER OF THE DAY ------- 6180-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6140-45
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6110,6080

NIFTY FUT marks the exact projected high. Trade NIFTY accurately with Price point analysis

NIFTY FUTURE- Review of 17^th  May

NIFTY FUT –  fro Friday we had mentioned that the TREND DECIDER of the day is 6160 odd trading levels and we also mentioned that it is prudent to look for pull back buy opportunities in this trading levels

During the trading session NIFTY FUT found support multiple times near the 6155-60 trading levels indicating a pull back trade was on. We did take that trade but a little late at about 6173 trading levels.

We had also mentioned that there is swing resistance around the 6210 trading zone this is exactly where markets paused and failed to clear. But the fact that markets closed on the higher side of this trading range signifies that we may be poised for any upside move if the trading levels of 6210 are taken out.

Again this was our BEARS LAST Stand point and it was a potential upside target for our pull backs longs.

What is NIFTY FUT manages to move above the 6210 zones? Where are the upside projections ahead of this. Read our analysis for the coming session.

Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Avail automated trading signals for just 2000 INR for all subscriptions made before 31st May 2013

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our

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  May Trading Guide

NIFTY FUT  managed a strong close near the 6210 trading levels. This was our swing projection above the 6125 trading levels. Even the previous session we discussed that 6200-6210 will be a swing hurdle to watch out for .

On Friday markets exactly paused around that zone and this will be the immediate trading level to watch out for. A clear of that level will possibly target the upside trading levels of 6255 and beyond. Swing trading wise this will also open the door for upside swing levels of 6350 trading zones.

A sustained trade above the 6210 trading level should see more new build up on the long side . On the downside  6180 will form as the immediate support levels and this is the level where we should look for some intraday pull backs if at all. Safe traders meanwhile can wait patiently for sharp dips or a clear break out of 6210 trading levels.

On the downside 6150-60 will form as the crucial support level. On Friday markets found multiple support there and any breach of that this time shall ensure an short term weakness.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6200-6210   sustaining above which it will target 6255,6290
POWERTRADE TREND DECIDER OF THE DAY ------- 6180-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 6155-60
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 6140, 6105