Capture Huge moves on news based movement with price point analysis

NIFTY FUTURE- Review of 3^rd  May

NIFTY FUT –  A terrific day to trade if people didn’t get nervous with the news but jus traded as per the trading levels. For Friday we had observed that that 5990 will be the immediate trend support and if that is breached NIFTY FUT can slide all the way till 5965 trading levels.
We also mentioned that 5965 to 5935 will form as a supply zone on a swing basis. Look at the market reaction once 5990 was breached we saw an immediate slide all the way till 5965 and then 5935 in a short time. Look at where markets made low too- Exactly above 5935 at 5937.
Despite market mayhem on news based move. Technical levels at times more or less get adhered to. This was a  another point where it was proved.
From there we sa a sharp bounce to test the the 5990-6000 levels which before the break acted as a support. Giving ample low risk opportunities to the contrarian traders. We went long too above 5950 in the pull back and booked a quick 46 points in no time.


NIFTY FUT managed a strong pull back and closed strongly above 6000 levels. What is up next where are the next levels to watch out for? Read our analysis for the next session

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NIFTY FUTURE – 6^th May  Trading Guide

NIFTY FUT –  On the upside failed to clear 6000 in the pull back and ended  a shade above the swing support zones of 5935. This will be the key level to watch out in the coming session. Once that is breached we can see another slide to test the lower support zones of 5890-5900 trading zones.

Below that the net major swing support lies at 5860 odd trading levels. On the upside if NIFTY FUT manages to sustain above 5935 there are good chances we can see a pull back to test the 6000 levels all over again. Within this range though it may play choppy and real strength will emerge if 6000 is cleared decisively this time.

Above that the projections in intraday basis is at 6035 and swing wise projections emerge at 6125 trading levels.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6000-6005 sustaining above which it will target 6030,6065
POWERTRADE TREND DECIDER OF THE DAY -------5950-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5930-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5905,5870