NIFTY FUT Are You capitalizing on the volatility- With price point analysis

NIFTY FUTURE- Review of 24th  July and Analysis for 25^th July

Another massive gap in the opening session. How to deal with such gaps. The questions that crop up at the opening session for traders is to take a decision whether to follow the trend of the gap or look for a low risk counter move. Both are lucrative trading opportunities. In that case how to analyze in a quick move on which trade to take.

Well the answer simply lies in price point analysis and combining them with the trading levels.  We had mentioned in the previous session that 6075 will be the key level on the downside. Once markets opened and in the opening session it traded below 6075 where opening high was created at 6059 levels it was a signal where that level can be used as a stoploss for shorts and reversal above.

We had mentioned that the downside targets were up to 6005 levels all levels got done. But the star trade was with BankNifty futures which yielded near 150-200 points in a single session.

NIFTY FUT tested the levels of 5975 on the downside and managed to hold  that level witnessing a marginal pull back to close just above 6005 levels.

So what is the potential trade tomorrow.

6005-6000 will be the trend decider in true sense and markets will display a bullish nature if it holds to trade above that or a bearish nature below it. On the upside 6025 will form the immediate hurdle and clearing markets can move to 6045 levels and higher.

On the downside a below 6000 levels markets can retest 5975 levels and below that can slide all the way to 5930 levels.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6045  sustaining above which it will target 6075,6110
POWERTRADE TREND DECIDER OF THE DAY ------- 6000-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5975-70
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5935,5895