NIFTY FUT Outlook for the rest of the week and High potential trading opportunities

NIFTY FUTURE – 16^th  April  Trading Guide

NIFTY FUT For the past few sessions we mentioned that 5500-30 is a strong supply and buffer zone. NIFTY FUT in the morning session opened just there and managed to bounce back all the way upto 5600 levels giving  a good low risk pull back trade.

The fact that it failed to clear 5600 and again ended up closing near 5560, shows that the band of 5500-5600 is a tough nut to crack for both the bulls and bears.

Here comes our next trading opportunity , this range will give a good pull back trading opportunity for the traders with stops and reversal 5 odd points outside the range. 5560 is again a no mans land from  an intra day perspective and this will also act as a tend decider.

From and intraday point of view if markets holds above 5550-60 trading zone deem it to be positive to test upside levels of 5590-5600 and similarly on the downside 5530 odd can be tested.

Swing wise strong hurdle remains at 5630 on the upside and we had mentioned that all pull backs till then will be resisted, we saw too such failed attempts in the past couple of sessions. On the downside swing wise 5490 will hold the fort and a breach of that can see another round of slide.

Trading strategy: Look for long trades in sharp dips with stops and reversal below 5490 odd levels. And look for short trades in rise with reversal above 5605 levels  Also risky intraday traders can trade shorts if markets holds in opening sessions below 5560 range and  vice versa.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5595-5600 sustaining above which it will target 5630,5655
POWERTRADE TREND DECIDER OF THE DAY ------- 5555-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5505-5500
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5470,5430
Detailed analysis also posted 

Why 5650 was such and important level to Buy?

NIFTY FUTURE – Review of 6^th Mar

NIFTY FUT –   While the pull back continues an pretty predictable trading day for our readers and traders. Yesterday we discussed and wrote that the immediate hurdle for NIFTY FUT comes at 5830 odd levels . This was also marked as the Bears LAST STAND POINT of the day meaning trading above that level NIFTY FUT will be in control of the BULLS on an intraday basis,
This is exactly what happened once NIFTY FUT in the morning session managed to pull back and trade above the 5830 odd zones.
We had also identified the next target was 5855 , NIFTY FUT managed to pull back and make a high just around that level.
The fact that 5860 is a swing resistance and any pull back till that zone will be resisted made sure that the momentum was not significant today and NIFTY FUT stayed in a small trading range.
NIFTY FUT closed below the crucial swing levels of 5860. This will be a key level to watch out for , what are trading levels if that is cleared? Read our analysis for the next session

 NIFTY FUTURE – 7^th  Mar  Trading Guide
NIFTY FUT –  Today the pull back was significant and important from a perspective that now we have done a complete U turn from the crash that we witnessed on the budget day. Our readers and traders will recall amidst all mayhem we had advised our traders to buy near 5650 levels as a low risk opportunity. Now the reward from those levels stand at 4 times in a period of 3 trading sessions. This is the beauty to trade with clearly defined levels instead of going by news and predictions.

Nevertheless despite this 5860 is the key level to watch out for at this time Either it is a good time to book some gains here and wait for the next leg of market direction to emerge or at max trail your swing positions with tight stops below 5820 odd levels on a closing basis.

On the downside 5820-25 will form as the immediate support zone and in case NIFTY FUT managed to move below it we will again go on to test the 5790 odd trading zones.
At the same time on the upside if now NIFTY FUT manages to break above the 5860 levels that will be deemed as a strong reversal sign for the market.
In case it manages to clear that zone immediate hurdle we will go on to test the 5890 odd trading levels . There is a trading zone congestion at 5890-5910 levels and above that we have a potential to test the major swing levels of 5980 on the upside.

We got a few questions as to how we got the buy level of 5650 so accurately. I think we gave a hint of that already once we posted the weekly charts. More over even before correction happened we have been discussing 5630 as a key swing level for the long term uptrend.
If you go back and look at the weekly charts posted a few sessions back , the fact that we were at a such a critical juncture that it offered  a very high probability low risk pull back trade since we were testing trading retracements levels of more that a year and half. These are the times when as a trader we need to take calculated low risk entries and reversals below.
The level of 5630 odd is a culmination of multiple retracements plus a long term swing accumulation zone. Hence that offered a higher chance of low risk entry.



Swing indicator wise the short term momentum indicator remains positive above 5820 levels. . The mid term momentum indicators are now positive as well and will continue to hold so until NIFTY FUT trades above 5690 zones.



Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5860-65 sustaining above which it will target 5890,5910,5950
POWERTRADE TREND DECIDER OF THE DAY ------- 5825-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5690-5800
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5730,5700

Review of 25th Feb and Update for 26th Feb 2013

NIFTY FUTURE – Review of 25^th  Feb

NIFTY FUT –  had a listless and direction less day where it failed to clear either side of the trading range and give a decisive move. We had discussed how important are 5890 levels on the upside and 5830 levels on the downside. Today barring a small breach on the downside we didn’t see any break of the trading level. Even during the breach NIFTY Fut failed to close below this trading range. NIFTY FUT gave multiple small trading opportunities within this trading range where we saw couple of pull backs from the trading levels that was also our BULLS LAST STAND point to TREND DECIDER of the day.
Now that we had another in decisive close again near the crucial trading levels of 5860, what are the next levels to watch out for?  Read our analysis for the next trading session in our analysis for tomorrow.

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NIFTY FUTURE – 26^th  Feb  Trading Guide

NIFTY FUT – had yet another close near the 5860 levels , well this is almost the third consecutive close in the same trading range despite trying to break out of the market range.
We had shared the Elliot wave analysis charts yesterday for the traders to reference against. We will post new charts once the market range changes. Till then use that as the reference.
As for immediate trading levels NIFTY FUT will face immediate hurdle at 5880-85 levels  and a clear of that this time can see NIFTY FUT move to 5900-5910 zones. Trading below that zone NIFTY FUT will trade weak and will try to test the lower support zones.

On the downside NIFTY FUT will face immediate support at 5830 levels and a breach of that can see a slide to 5810 and lower levels. Below that  we can see a slide till 5780 levels.
The final swing support and target levels for this down move emerge out at 5730 zones. We would want to trade for that target level once a confirmed break of 5830 happens. Until then there is every chance of market pulling back. At the same time expect every pull back to be resisted until 5925 levels are cleared.
So how to trade in the current context? Look for low risk pull back trades with stops of close below 5830 zones. And trade short below it. At the same time look for pull back shorts at appropriate levels with 5900 levels as stops.
In the trading range in between since the risk reward may not be favorable it is advisable to stay neutral.


Momentum indicator wise short term indicators moved into negative territory and remain so until NIFTY FUT trades below 5890. Midterm momentum indicators are now trading negative as well and will continue to hold so until NIFTY FUT trades below 5925 now.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5895-6000 sustaining above which it will target 5925,5945
POWERTRADE TREND DECIDER OF THE DAY ------- 5880-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5825-30
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5814, 5790

Detailed analysis also posted at www.powertrades.blogspot.com

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.

Review of 22nd Feb and Update for 25th Feb 2013

NIFTY FUTURE – Review of 22^nd Feb

NIFTY FUT –  Are we plain lucky every time or is it spot on technical analysis using a combination of  proven methods and our unique price point analysis.  For a very long time we have been telling our readers that 5830 is the supply and support zone and markets will find some hope near those levels.
On Friday NIFTY FUT opened gap down to make a low exactly there and once the first candle closed near 5860 zones it was an ample proof that we will get to see some pull backs.
At the same time since the fall the previous day had been severe there were expectations that any pull back will be resisted and hence despite an up move the BEARS LAST STAND point will be a key level to watch out for.  Markets made a top just below that level AT 5883  and failed to cross that expectedly so.
In a day like this when markets have corrected severely the previous day it is important to hold out either to see the opening low break or wait for a right time to short at pull backs to good levels. This specially applies to intraday traders who are trading with tight stops.
This is when the day trading levels come of good use and are handy. Hope traders got to use the levels and get good trades on one of them.

NIFTY FUT managed to pull back from crucial support zones? Is the correction done? This is the time when the Elliot waves will come in handy. Let us do a quick review of Elliot wave analysis in our analysis for the next session.

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NIFTY FUTURE – 25^th   Feb  Trading Guide

NIFTY FUT – Managed to test the two crucial levels of 5890 on the upside and 5830 on the downside and close somewhere in between those levels. NIFTY FUT also interestingly had nearly the same close in the past two trading session that is near 5860 levels. This also goes on to prove that how important that level is  for the big players.
Fortunately our readers and traders were well aware of that level even before markets tested that level. We had written about that long back.  The fact that we have got the projections right so consistently helps the swing traders as well to plan their trades in advance.
With the current close in mind let us do a quick review of the Elliot wave analysis of NIFTY, to see where it might be headed.
Elliot wave charts posted at our blog

NIFTY ELLIOT WAVE CHARTS

As we see in NIFTY , keeping the lows in view NIFTY has completed the 5^th wave  and is now all set to form the smaller corrective wave patterns. Keeping that in view the recent highs and lows formed will be the key. In case nifty Fut manages to inch past 5890 levels we can see another corrective pull back till 5920-30 zones.
On the downside a breach of 5830 will see a test of lower levels of 5790 and lower zones

Intraday Trading wise it will be important to first watch out how NIFTY FUT plays with the 5860 levels any sustenance above it will be positive and below it will be negative.

Momentum indicator wise short term indicators moved into negative territory  and remain so until NIFTY FUT trades below 5890 . Mid term momentum indicators are now trading  negative as well and will continue to hold so until NIFTY FUT trades below 5925 now.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5890-5895 sustaining above which it will target 5925,5945
POWERTRADE TREND DECIDER OF THE DAY ------- 5860-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5827-32
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5814, 5790

Detailed analysis also posted at www.powertrades.blogspot.com

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.

Review of 19th Feb and Update for 20th Feb 2013

NIFTY FUTURE – Review of 19^th Feb

NIFTY FUT – A perfect day trading with the levels again, more importantly markets moved and showed some consistency rather than hovering around in a range bound manner.
Few sessions back when analysts where yelling shorts and correction all over the internet we had clearly discussed that 5860 and below that 5830 are strong supply and support zones and irrespective of what people say we should look for starting to invest in that zone. Today we have witnessed a near 100 points pull back in the index futures from those levels and hope traders had used that and did had good gains.
For daily trading levels we had mentioned that 5890 will hold the key, markets marked an intraday low exactly there and pulled back smartly from those levels . Also the BEARS LAST STAND point ( break out level) was mentioned as 5925 levels and long traders had an ample chance to go long at those levels and book good gains.

Let us review how it worked on charts as per the trading plan that we shared few sessions back.

NIFTY FUT -TRADING STRATEGY ANALYSIS

Once it was confirmed that the TREND DECIDER is respected and markets pulled back from that level. There was a low risk trade entry from there and gave an opportunity for contrarian traders.
As per the charts we again had an opportunity to go long above 5925 the BEAR LAST stand point giving away good gains there too.

NIFTY FUT exactly made a top near 5960 levels and closed strong , so what is up for NIFTY FUT in the next trading session. Have we crossed the crucial hurdle yet? Let us review all that in our analysis for the next session

NIFTY FUT traders today had a blast going long near 5905 and booking gains all the way till the close of the day making it a big trading day… …. 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 Feb  Trading Guide

NIFTY FUT – managed a strong close near 5960 zones and also managed to hold onto the 5890 levels for two consecutive trading session. What is more important to look out for in the coming session is to see if NFTY FUT can manage to move above and trade above the levels of 5960 for the next session.
This will form as the immediate hurdle in the next session and trading above that level can ensure NIFTY FUT goes on to test 5985 levels and above.
On the downside 5925 levels will prove as the immediate support levels and if it manages to hold that level it will be prudent to look for pull back trades below that NIFTY FUT may trade weak and again go on to test the  5900 levels.
In case 5890 cracks this time it will confirm a false top and a break down can be much more severe. But at this time it looks like we may be set to test the zone of 5985-6000. That will form as the next acid test for BULLS above 5960 levels.
Momentum indicator wise now the short term momentum indicators are trading positive and will continue to hold so until NIFTY FUT trades above 5920. Mid term momentum indicators are also trading positive now and will continue to hold so above 5890 zones.

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Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5925-30    sustaining above which it will target 5965,5995
POWERTRADE TREND DECIDER OF THE DAY ------- 5890-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5860-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5835,5810

Detailed analysis also posted at www.powertrades.blogspot.com

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.

Review of 18th Feb and Update for 19th Feb 2013

NIFTY FUTURE – Review of 18^th Feb

NIFTY FUT – A fantastic trading day and a perfect opportunity given to trade the strategy using the trading levels that we just discussed yesterday. We had clearly mentioned that 5860-70 will form as the Buffer zone meaning trading above that level which was also the TREND DECIDER of the day NIFTY FUT will tend to trade positive. We also mentioned that 5900 was the BEARS LAST stand point as well and above that NIFTY FUT will attempt 5925 levels.
Look at how NIFTY FUT played out, in the morning once it managed to open and trade above 5860 levels. it moved into trading with a positive bias.
Once NIFTY FUT managed to cross that proved a good enough confirmation that the bias may remain positive. Then it went to make a top exactly below 5925 levels.
Hope readers who read used the trading levels has a good trade and managed to trade well.

Read more about a trading plan and strategy and implementation in our post for the next session.

NIFTY FUT traders went long above 5890 and booked gains till 5915 , they managed to book partial profit and closed remaining positions near 5910 levels once 5925 was not cleared …. 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 – 19^th Feb  Trading Guide

NIFTY FUT –  managed to test the near term resistance of 5925 and closed below it. There are two parts to the close today. One a pull back trade was attempted and the fact the NIFTY FUT managed to close above 5890 is a good sign that the Pull back sustain. At the same time what bears will draw solace from is 5925 is not cleared and all rise till 5960 will be resisted as well.
So risky traders looking for long traders have an opportunity to trade with tight stops  and be prepared to quickly reverse once the levels are broken.
Short players will either look to trade a pull back short in rise to 5960 zone and use it as a stop and reversal zone or wait for a minimum break of 5890 to confirm a lower top formation in the charts.
Safe traders may want to wait for the break of 5860 zones.

Trading levels wise on the upside 5925 will form as the immediate resistance and above  will tend to attempt the 5960 zones. Swing hurdle will continue to remain at 5960 levels. This is the level the mid term BULL players will watch out for.
On the downside immediate support comes at 5890 levels and that will almost form as the intraday trend decider for the next trading session below that we have to watch out for another test of 5860 zones. In case that breaks as well , BEARS will be in total control and can take NIFTY FUT down to 5830 levels and lower.

Coming to trading plan and strategy. The idea of sharing levels is to help a trader plan for the trade, well in advance and trade as per the plan.  This will help one keep noise away ( Noise= analyst views, emotion based on global mkts , friends news, source etc) . If we stick to price movements and trade as per levels it gives a clean non biased view.  It’s a practice as a trader day in and day out. The more we practice the more perfect does the timing become ( just like hitting a cover drive J )
If you like the trading levels and analysis and views do like us on Facebook and leave a feed back.
Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5925-30    sustaining above which it will target 5965,5995
POWERTRADE TREND DECIDER OF THE DAY ------- 5890-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5860-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5835,5810

Detailed analysis also posted at www.powertrades.blogspot.com

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.

Review of 15th Feb and Update for 18th Feb 2013

NIFTY FUTURE – Review of 15^th Feb

NIFTY FUT –  For Friday and even during the past few sessions we had mentioned that breach of 5890 will call for a test of 5860.
Lets review what we exactly wrote, “On the downside levels immediate support comes at 5860 levels”,
NIFTY FUT marked a low just there (5858) and pulled back smartly to manage a close above 5860 levels.
From a technical levels point of view the interesting part is to review where the pull back exactly stopped.
The high made during the course of the pull back was 5909. Remember that level? This was our breakdown level to be watched out for just few sessions back.
For day trading references once in the morning when NIFTY FUT opened and traded below the TREND DECIDER of the day, NIFTY FUT went down to test the BULLS LAST Stand point of the day, break of that will have further enabled short trend to continue. But since that level was sustained NIFTY FUT pulled back again to hit the trend decider of the day, giving literally two trading opportunities using the levels.
Few friends asked for a pictorial depiction of how to trade the daily trading levels from an intraday trader or a short term trader point of view. Find below the charts and the trading plan to be followed below:
< Charts attached at www.powertrades.blogspot.com>

NIFTY FUT 15 FEB- TRADE ANALYSIS WITH LEVELS

Reading the charts:
the 3 lines show the daily trading levels: BULLS LAST STAND point, TREND DECIDER and BEARS LAST STAND POINT
The yellow arrow shows the start of the day
The short Blue line depicts the intraday trading support/resistance formed.

Trading Approach/Strategy:
The approach is to break down the information available before hand and the information formed during the market. So the daily levels are available to me as a trader before the start of the day, The market open information gets available to me at the start of the day as well.
We also know that the  short term and mid term momentum indicators are weak. So, in the morning session markets open and start trading below the TREND DECIDER of the day. Once that is confirmed we can initiate shorts below that zone looking for targets firstly near the BULLS LAST STAND point  and then below it.
When price is near or touches the BULLS LAST STAND point, safe traders can close positions and look to take trades only below it. Or trail with the intermediate support formed (identified by blue line) as a trailing stop.
Second Trade: Since price retraced from the swing zones of 5860, and once it moves above the intraday level a contrarian long can also be taken with low stop loss to give another quick 20-30 points gains.
Hope the strategy approach helps.

NIFTY FUT leaves us in doubt again with a close above 5860 this time. What are the trading levels to watch out for?

NIFTY FUTURE – 15^th Feb  Trading Guide

NIFTY FUT –  tested the swing support zones of 5860 and managed to pull back and close above it . On the upside it also managed to test 5910 levels. This will prove as the immediate hurdle to watch out for in the coming session.
Based on these two levels in view NIFTY FUT range to watch out for is 5860-5910. This range should decide the further course of the market trend.
Although on the downside a breach of 5860 will also go  find support below it at the swing support levels of 5830 zones. We are looking at that level to decide the mid term trend of the market.
For immediate trading levels, the 5860-70 zone will prove to be the Trend decider of the day. below that expect a test of 5830. Incase 5830 is broken NIFTY FUT can drift all the way to test 5790 in the coming sessions.

On the upside all rise to 5925 levels will be resisted and immediate hurdle remains at 5910 zones. A clear of 5925 should confirm the market trend reversal for the short term . Swing hurdle will continue to remain at 5960 levels. This is the level the mid term BULL players will watch out for.

Swing indicator wise the short term are  now neutral and will be negative below 5860 and positive above 5910 levles.  Mid  term momentum indicators are negative now and will continue to hold so until NIFTY FUT trades below 5925  levels
As for trading today the levels are as follows and pretty much remains the same:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5900-10   sustaining above which it will target 5925,5965,5995
POWERTRADE TREND DECIDER OF THE DAY ------- 5860-70
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5830-35
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5810,5790,5760

Review of 13th Feb and Update for 14th Feb 2013

NIFTY FUTURE – Review of 13^th Feb

NIFTY FUT – Yesterday when we shared the charts and detailed out the strategy for trading the markets. We clearly pointed out that if NIFTY FUT manages to move above the zone of 5960 levels will go onto test the swing hurdle zones of 5990.
NIFTY FUT once closed that level in the morning session managed to move up and made a top below the zone of 5990.   We had clearly warned that until the levels of 6010 are cleared markets the actual trend reversal will not be confirmed.
We had clearly plotted the Fibonacci retracements and this as I wrote would serve as a good indicator for identifying the next trading levels.
Today there were potentially two good trading opportunities if we review vis a vis the levels. One was a Long opportunity once we knew NIFTY FUT was trading above the 5960 zones. Second would be a contrarian pull back opportunity once 5990 was not cleared.

NIFTY FUT breached the 5960 levels and closed below it ,  How to plan for trading the markets in the coming sessions. What are the trading levels to look out for? Review our Trading analysis for the next trading session.
                                                                                                                   
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NIFTY FUTURE – 14^th Feb  Trading Guide

NIFTY FUT – Almost tested the upside zones of 5990 and failed to sustain  there. More so it closed below the trading levels of 5960 . If we review the daily charts. Now we have two complex chart formation. 1. A reversal pattern  for 11^th and 12^th and at the same time a bearish candle for today where markets failed to sustain the opening levels and closed below yesterday’s close.
Given the pattern with which NIFTY FUT has traded in the past few months now in all probability the 5900-5960 zone will prove to be the make or break zone. Between this expect NIFTY FUT to trade choppy and listless.
Swing wise we atleast need a definite close above 5960 levels to confirm any sort of bottom formation.

Keep the charts posted yesterday as a reference for swing trading. We will post a fresh chart once new levels emerge out or once we see a new pattern. As per daily trading levels immediate hurdle will now come at  5945 levels and trading above that can attempt 5965 levels. Only if that is cleared expect NIFTY FUT to trade with a positive bias to attempt the highs again. On the downside immediate support now comes at 5925 and a breach of that can see a quick test o 5900-5890 zones. Which will prove as the final frontier for BULLS trying to get in at these levels.
Swing indicator wise the short term are back to negative territory  and will turn positive once NIFTY FUT moves above 5965 again. Mid  term momentum indicators are negative now and will continue to hold so until NIFTY FUT trades below 5965  levels
As for trading today the levels are as follows and pretty much remains the same:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5940-45   sustaining above which it will target 5965,5995,6025
POWERTRADE TREND DECIDER OF THE DAY ------- 5925-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5900-5890
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5865,5830

Detailed analysis also posted at www.powertrades.blogspot.com