Mastering Nifty Fut with Trading Trend lines & Price channels

NIFTY FUTURE- Review of 13^th Aug and Update for Next session

We all use various kinds of analysis and technical tools and techniques like( Fibo, gann, price point analysis, Trendlines etc) to find out patterns and making projections for the next move.  At times we use multiple tools or techniques. They give a dual advantage. One is many a times one of the techniques seem to work well during phases and secondly also that a confirmation of a level on multiple techniques serve a double confirmation for trades.

Now the fun part is most of the times the simplest of the techniques work best.  Trendlines is one of the classic and time tested techniques in the markets. TRENDLINES along with price channels form a very good combination and give a strong idea where price can be headed. They can also be utilized to get an idea of stops when one wants to trail the trades.

Let us review NIFTY charts based on price channels and trend lines. Today 5635 levels formed multiple trading confirmations to ensure a clear breakout and once NIFTY FUt managed to trade above that range it gave a clear confirmation. Let the picture tell the rest of the story..

NIFTY Future Charts-13th Aug. Price Channels and Trend Lines

So where is it headed from here. Longs will hold good until NIFTY fut manages to trade above 5665. Managing to trade and sustain above that can ensure NIFTY Fut goes on to target the levels of 5765 and 5830 on the upside price channel trends. On the downside a breach of 5665 will ensure a re test of 5635 and lower levels. 5635 will form the downside pivotal level on the downside a breach of that will ensure a confirmed renewal of the downtrend.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 571  0-15  sustaining above which it will target 5735, 5765,5830
POWERTRADE TREND DECIDER OF THE DAY ------- 5665-70
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5635-40
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5610,5570

NIFTY FUT Holds to 5890. Closes Below 5935. Where is it Headed?

NIFTY FUTURE- Review of 7^th June

NIFTY FUT – volatile yet a good day of trading if managed to trade with the trading levels. The TREND DECIDER was mentioned at 5955 and above that target was given at 5990 and NIFTY marked a high just at 0.05 below that level before falling all the way.

The worrying part for BULLS here is that despite managing to trade above 5955 the pace of the fall from that highs displayed tremendous pressure from the BEARS. We had discussed that 6005 and 6035 will be the key trading on a swing basis.

This was another trading opportunity for the strong hearted contrarian players which would had yielded terrific results. 

For two consecutive sessions despite managing to breach below 5890 NIFTY has managed to pull back and close above that level. So what is in store for the markets in the coming session. 

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NIFTY FUTURE- 10^th Jun Trading Guide

NIFTY FUT despite having managed to breach the trading levels of 5890 have managed to close above that in two consecutive sessions. Also that fact that we marked a low above 5855 trading levels is something that is important to note from a swing basis The trading levels of 5830-55 are critical swing levels on the downside to watch out for.

On an immediate basis we can see selling pressure intensifying in case NIFTY Fut breaches 5890 and that would be an ideal point to initiate short trades on break of it. Else this might provide good contrarian pull back trading opportunities.

On the upside NIFTY fur will display positive bias in case it manages to trade above 5935 trading levels.  But until NIFTY fut manages to move above and manages to sustain above 6005 trading levels it will be prudent to take quick long scalping trades.

Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5955-60  sustaining above which it will target 5990,6030
POWERTRADE TREND DECIDER OF THE DAY ------- 5930-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5890-95
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5860,5835

NIFTY FUT tests 5930. Why is it important to watch out these levels

NIFTY FUTURE- 4^th June Trading Guide

NIFTY FUT quite a lot has changed since we posted few days back. We had mentioned that 6030 will be a crucial swing level to watch out for and long time readers will recall that the projected targets below these were mentioned as 5990 and 5950 levels.

Today NIFTY FUT tested 5930 trading levels and barely managed to sustain those trading levels. The last time these levels were tested on 24^th May (Refer to our posts around that time) we had mentioned that this was a terrific low risk pull back opportunity and we saw a serious bounce from those levels to about near 200 points.

Today NIFTY FUT marked a low just there and managed to pull back to close at around 5960 trading levels. With the current close NIFTY FUT will face immediate resistance around 5980-90 trading levels and clearing and sustaining above these trading levels can lead to a test of 6035 zones which should form as a serious hurdle going forward. On the downside 5935 will be a crucial level to watch out for and if NIFTY FUT manages to crack this level we can see another round of downside movement to test 5890 and 5855 odd levels on the downside.

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Trading levels for the day:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5990-95  sustaining above which it will target 6030,6065
POWERTRADE TREND DECIDER OF THE DAY ------- 5960-65
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 ---- 5895,5855

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.

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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.

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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.

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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.

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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 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.

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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 manages to hang around the 6000 zone. Will tomorrow be the make or break day for this swing.

NIFTY FUTURE- Review of 14^th  May

NIFTY FUT - Started the day on a negative note with despite positive global cues.  At the same time NIFTY FUT managed to find support all over again on 5990-6000 level as we had mentioned yesterday.
We have been strongly advising that until NIFTY FUT trades within a range look for pull back trades in this zone and outside the range look for a break out trade. Market allowed a pullback trade opportunity today on both sides as in the morning markets opened up and failed to sustain above our TREND DECIDER of the day. Once markets breached the 5990 levels on the downside but only managed to touch 5980. When that level was not broken, markets pulled back again to top out just near TREND DECIDER again and went to Bears Last Stand Point of the Day 6030-6035 levels. 
As market couldn’t sustain 6030-35 levels its fell back to the TREND DECIDER level and just managed a close above it. Whats the trading mantra for the coming sessions?
 
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NIFTY FUTURE – 15^th May  Trading Guide

NIFTY FUT displayed a range bound move failing to break away on either side of the trading range, this at the same time increases the probability of a strong move on either side. Markets have not found any trigger to take it beyond the trading range.
NIFTY Fut now again faces immediate hurdle at the 6035-40  zone and above that can go onto again hit the hurdle zone of 6060-65 levels. Expect a strong momentum move in case markets are able to clear that range on the upside to hit the target zones of 6090 levels and ahead.
On the downside if this time 5980 is cracked  we may see a good move to test the swing support levels of 5955 range on the downside and expect some supply to come in at that zone.
Will tomorrow be a make or break day for the markets? We would like to believe so. Watch out for the trading zones and look for a clear break out trade outside our trading ranges.

The short term momentum is now neutral and will be negative once NIFTY FUT moves below 5980 levels.  The midterm momentum indicators remain positive until NIFTY FUT holds above 5960 levels.


As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6035-40   sustaining above which it will target 6060,6090
POWERTRADE TREND DECIDER OF THE DAY -------6000-6005
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5970-5975
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5930,5904

NIFTY FUT fails to clear 6120.Exact top below it. Is the upswing over?Read on

NIFTY FUTURE- Review of 13^th  May

NIFTY FUT –  A day that was marked by part right , part wrong analysis and a trade going wrong for us.
We had mentioned that there is strong swing hurdle at 6120 levels. Today NIFTY FUT marked an exact  top just below that level, high made was 6119, just a point below that level.
Now what went wrong with the analysis versus market reaction. We  expected the market to hold onto the 6030-6036 trading levels , which it didn’t.
That is where our trade went wrong, we went for a pullback trade which didn’t work out and we got hit.
This was a dramatic turn around, and the fact that markets made a top just around the 6120 level also makes it a crucial trading level to watch out for.

BankNifty did outperform the market in the earlier part of the day making a higher high, that’s where our banknifty fut trade yielded a good result. This is also important to do a diversified trading both in a swing or intraday basis. Not keeping all the eggs in one basket gives a smooth equity return curve for the traders.

NIFTY FUT closed below the crucial trading level of 5900 trading levels. What are the levels to watch out for next? Read our analysis for the next session.
                                                                 
Markets top made just at our swing resistance levels of 6120. This is a crucial swing level to watch out for? Where is it headed beyond this point.

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NIFTY FUTURE – 14^th May  Trading Guide

NIFTY FUT – closed a shade below the crucial level of 5990-6000 trading zones. This was the trading level that markets found support and had bounced to test the 6120 trading zones.

This level of 5990-6000 trading level will be keenly watched out in the coming session. This trading level  will be important on an immediate basis.  Above that now 6025-35 will be a swing hurdle and the resumption of upmove can only be taken seriously if that level is cleared on the upside.

On the downside the next until NIFTY FUT trades below 6005 levels , downside support and targets emerge at 5965 trading levels.  The trading zone of 5965 will be important to watch out for.

In case NIFTY FUT sustains below 5965 it will mean a strong reversal and also mean second consecutive day of the downward move.  From an intraday point of view look for a quick pull back trade above 6005 levels and in case it sustains below that level it will be favor the BEARS.

Safe traders/ swing traders will prefer to keep 6035 as the stop and reversal zone for the upmove. Below that all longs can only be a quick pull back trade only.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6030-35   sustaining above which it will target 6060,6090
POWERTRADE TREND DECIDER OF THE DAY -------6000-6005
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5959-64
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5930,5904

NIFTY FUT 6090-6125 zone holds the key? Can all time highs be tested in coming months?

NIFTY FUTURE- Review of 9^th  May

NIFTY FUT –  One of the most significant things that we have been able to achieve with price point analysis is to be able to project the range even before they are tested. Readers will recall we wrote above 5935 even before we saw that level being tested.
We wrote about 6090 as an upside swing target and markets exactly paused there in the up move.
As per yesterday’ lets see what we discussed. We wrote:
“closed the day strong exactly at 6090 trading levels.  This will now form as the immediate hurdle”
NIFTY FUT marked an open high there and eventually cracked the TREND DECIDER, below that low was exactly made above out BULLS LAST STAND point levels.  For that we had also written that it is the crucial swing support and selling pressure will only intensify if that level is broken. Since that level was sustained we saw markets pulling back and managing to close around the TREND DECIDER.

Why is 6090-6125 such a crucial zone to watch out for? Where can markets head to beyond that point.

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NIFTY FUTURE – 10^th May  Trading Guide

NIFTY FUT – closed the day around 6060 zones which was also the TREND DECIDER for yesterday, aptly describing the market mood at this level,that is neither too bullish nor bearish.

6060-65 will form as the immediate TRENDE decider again and trading above that markets will try to re attempt the levels of 6090-6100. From here through 6125 is a crucial level to be watched out for swing traders .

A break above that can propel markets to 6250-6300 trading levels on a swing basis, yes this will mean NIFTY FUT regaining the all time highs. Can we do that. Well lets see if we clear the 6125 hurdle.

In case markets fail to clear 6125, risky intra day traders may look to take quick short trades with low risks and reversal on sustenance above that.

On the downside now 6060 levels will form as the immediate trend decider and any dips to that level will be a good pull back buy opportunity. Below 6060 levels crucial support comes in at yesterday’s trend decider now at 6030 zones.

Only a break of this zone can see some selling pressure now to test the levels of 5890 and lower.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6090-6100  sustaining above which it will target 6125,6160,6195
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 ---- 6005,5870