Sunday 19 May 2013

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


NIFTY FUTURE- Review of 17th  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.

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NIFTY FUTURE – 20th  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

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