Markets knocking at 6100. Where are the supports ? Trading strategy here?

NIFTY FUTURE- Review of 8^th  May

NIFTY FUT – We will highlight a few quotes from what we discussed yesterday and then take on the next part of the section. We wrote that:

“On the downside 6030 levels will form as the key support and any dips to that will be bought into in an intraday basis. Intraday mood may become real negative if markets again move below that trading level…..On the upside if NIFTY Fut manages to trade above 6060 zone it will try for upside targets of 6090…..”

These two lines almost described the entire spectrum of the market move. Markets in the morning made a high of 6065 trading levels. This was marked as the BEARS LAST point, we saw that markets failed to sustain around that level and made a dip towards the lower support zones of 6030 odd trading range, this provided an excellent pull back trade opportunity for our traders.

From there on markets pulled back to make a closing high just at our trading level. Yes the high was made at 6089.90… 0.1 less than exact 6090 zones. We did take that pull back trade at 6036 levels and locked in gains till 6070 odd on an intraday basis.

Its also time to visit back what we have been writing for swing trading. Even before 5935 was tested we had mentioned it as a swing trade support. While all analysts were on the short side predicting markets to crash to much lower levels.

Now markets have pulled back 150 plus points from that swing support zones. Where is it headed from here? What are the swing support levels to watch out for?

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NIFTY FUTURE – 9^th May  Trading Guide

NIFTY FUT –closed the day strong exactly at 6090 trading levels.  This will now form as the immediate hurdle and any sustenance above it for  a while may indicate that markets will go onto to test the crucial levels of 6125 trading levels.

For swing trades we are in good gains and it would be prudent to lock in gains here and wait for the market reaction to emerge beyond 6125. If 6125 is crossed on a sustained basis  we have next swing upsides of 6190 odd trading levels a good potential.

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 ----- 6090-95  sustaining above which it will target 6125,6160,6195
POWERTRADE TREND DECIDER OF THE DAY -------6055-60
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

NIFTY back near 6050 levels? Where is it headed next

NIFTY FUTURE- Review of 7^th  May

NIFTY FUT – We have been repeatedly writing in the past few sessions that  markets will be trading clueless within the zone of 5935-6000 and that is the break out our break down zone to be watched out. Within that zone we advised a pull back trade with low risk and a break out trade outside that zone.
The pull back trades did yield a fair result for the past few sessions and yesterday once NIFTY FUT moved above 6000 it was time to take the break out trade.
We did mention and write that above 6000 targets emerge at 6030 and 6060 zones, almost both targets got done and swing traders who are carrying positions are going good with their swing longs as well.
Lets review our levels yesterday versus how markets did:
We wrote that the  TREND DECIDER of the day is 5965 levels,markets made a low in the morning at 5985 well above that level. Meaning that the bias  is positive. Then once it took out the BEARS LAST point of 6000 upside trades were on. Look at the targets given on the upside above 6000. It was 6030 and 6065. Markets Did the first one and closed a shade below the second.
 We did initially wait to see if it consolidates below 6000 , once is moved and sustained above that level, long trades were and , we managed to book handsome gains all the way upto 6050 levels. BANKNIFTY FUT too we had a terrific trade reaping in 80 odd points gains.


NIFTY FUT is back to near 6050 levels, will this level? Where is it headed next? Read on at our analysis for the next session.
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NIFTY FUTURE – 8^th May  Trading Guide

NIFTY FUT –closed strong above the 6050 trading levels just a shade below the next upside targets of 6060 zones.

This will form as the immediate trend decider in the next session and decide the bias of the market.

Before that a key take away from yesterday’s trade—Yesterday markets scaled above 6000, this was a new high in the recent swings and then it went on to make another top at higher levels. The point that I’m trying to make Is when markets make recent new highs or lows, as a trader many of us are unsure as to how far it will go? Will it go higher or will it pause. The indecisiveness and doubt may lead to a trader either not taking a position at all or trying to book a position early in fear that markets may not sustain.

This is where a disciplined trader makes the difference. We use our unique price point analysis to generate the levels. The idea is as a trader I just need to stick to my levels and the trading plan. One should have no fear of where it might go and what might happen, trade to the plan, carry and book positions at defined levels and reap in gains. One should keep fear/greed and a predicting thinking away. No one can predict where it may go. We can make projections and trade as per them.

Coming back to the charts.  Immediate swing decider is 6060 levels, if sustaining above that there are fair chances of taking on higher levels of 6125 trading levels. This was a swing level given few sessions back and hope swing traders are holding onto longs to trade for that target.

On the downside 6030 levels will form as the key support and any dips to that will be bought into in an intraday basis. Intraday mood may become real negative if markets again move below that trading level.

Swing wise support now emerges at 5990-6000 trading levels, only a  break of that will mean yesterday’s trend break out could had been a false one.

On the upside if NIFTY Fut manages to trade above 6060 zone it will try for upside targets of 6090 and the swing targets of 6125 trading levels.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6060-65  sustaining above which it will target 6090,6125
POWERTRADE TREND DECIDER OF THE DAY -------6030-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5990-6000
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5965,5935

Basics of a successful trading strategy and plan. Planned approach to becoming a winning trader

Successful trading at times is simplified process of few steps.  While the markets will remain volatile at times frustrating in a range at times defying any sense of movement  and at times react crazy to news based movements. This is the nature of the market and will remain so. This is something we cant control or alter.

What we can do is have our basics of a successful trading correct and stick to it in a disciplined manner.    

There are two high level components to a good trading 1. Have the right plan in place 2. Stick to the plan.

 In details the steps are as follows:

Lets discsuss the steps in details Now:

1.    Identify: This is the first step to identify a potential winning set up, scan charts to see repetative patterns

2.    Define: Define the buy sell logic in simple terms. At times this is the most difficunt stage as we try to keep changing this at early stages

3.    Develop: Develop the strategy if you can in any trading software

4.    Backtest: Back test the strategy to see if its profitable in various market conditions

5.    Disciplined Trading: Now once you have decided the strategy just stick to the plan and execute as per it. Give your strategy a good time to trade in real market conditions. Don’t be frustrated or over joyed in the short run

6.    Review: Review and refine in  a periodic basis if needed. But we recommend at least a quarter trading to even decide if a strategy needs refining.

 

Not all steps are easy to be done by a trader at all levels and at times we don’t have the money to try out strategies.This is where the system based solutions from powertrade come in. we provide the in depth expertise and suport to help you with the first 4 steps. Rest 2 is simply followed by the trader and eventally makes the difference between a winning and a losing trader.

Powertrade has developed advanced algorthim based solutions which have now a proven success record over varying market conditions.

Our smartsignals trading signals gives the trader an edge over others and makes a key difference. Smartsignals have outperformed the market in a consistent basis over the long run.

 

Let us review how our trading signals have performed:

 

Underlying: BankNifty Futures

Traded Quantity: 2 Lots

Start Date: Jan-2012

Start Capital: 1 Lacs

Current Capital: 3,74,100 INR

Returns On 100 INR Invested in the Index versus Traded with the system

If we look at the systems performance one thing is evident that the returns were not achieved in a magic but through disciplined trading for months. You follow smartsignals or not but that is the essence of a winning trader, to be able to stick to the plan.

Markets manage to hold 5935. Can it hold on to the crucial Swing levels?

NIFTY FUTURE- Review of 6^th  May

NIFTY FUT – started the day on a negative note with despite strong global cues.  At the same time NIFTY FUT managed to find support all over again just at 5935 odd trading levels.  We had mentioned that this level was  a swing support level even before that this level was tested . Readers will recall that we had mentioned that  if NIFTY FUT cracks 6000 few trading sessions back , it had a potential to dip all the way and test 5935 levels . We had also mentioned that 5935 was a swing support and supply. This had managed to hold for the last two sessions.
NIFTY FUT  managed to find support there and pulled back to the trend decider levels.
Yesterday we also discussed that within the range 5935-6000 NIFTY FUT will trade choppy and it will be prudent to try pull back trades within this range and only look for a break out trade outside this zone. This would had yielded good results.
We did exactly take a pull back trade in that zone of 5942 levels. As we wrote and managed a quick pull back trade. Beauty was we also at the same time got a good 70 odd points in a short trade in BANKNIFTY before this level was tested.

Now that NIFTY FUT had managed to hold onto 5935 trading levels for two sessions in a row. Does the picture change here on a swing basis? Read on for the trade analysis for the next session.
Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our

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 – 7^th May  Trading Guide

NIFTY FUT – Managed to hold onto the crucial trading levels of 5935 for two consecutive sessions and this now makes that level even more important to watch out in the coming sessions. 

At the same time the trading level of 5935-6000 will still play choppy and until market hovers within this range it will prove low risk pull back opportunities. Since we had seen a strong unilateral pull back in the last month some range bound move and correction is also a healthy thing in the market. We need to plan and look for swing pull backs in retracement levels and short trades in extreme rise with reversals above break out zones.

Dear traders also need to realize that markets are not always favorable or easy to trade. Last month was terrific yelding great results but we also need to look back in months of jan and feb when markets where extremely range bound and just very difficult to trade.  This is just to emphasize that if you have a trading plan do stick to it for a decent sustained duration. If you have back tested the trading strategy then stick to it with even more confidence.

Coming back to the current trading levels. The strength of movement on breach of 5935 may not be severe as we still have a support levels o 5890-5900 trading levels. While at the same time on the upside if markets manage to hold above 6000 trading levels the momentum may be relatively stronger.

From an intraday point of view 5960-65 will be the trend decider. If markets sustain above this zone it will trade with a positive bias. But true break out will only happen if NIFTY FUT manages to break out above 6000 odd trading levels.

On the downside trading below 5960 levels NIFTY FUT will trade with a negative bias and break down below 5935 will ensure bears are in control and there are good chances that we will see a test of 5900 odd 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 -------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 ---- 5905,5870

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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Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our

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 – 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

Analysts busy predicting tops and bottoms. Simply Follow the markets with price point Analysis

NIFTY FUTURE- Review of 2^nd May

NIFTY FUT – A fantastic trading day for the readers and traders of our blog. We had mentioned that 5910 levels will be the TREND DECIDER and above that markets will trade with a positive bias and the break zone was mentioned as 5935 trading levels.
Lets Review what we  had wrote and how markets reacted. We had discussed that the BEARS LAST Stand point is 5930. Meaning trading above that zone markets will clearly favor the BULLS. Look at the market low in the opening minutes. Yes You guessed it right. Exact Low made was at 5930. This meant that the clear trading direction was established once markets managed to sustain above 5930 trading levels.

We also advised that folks can try a pull back trade with stops and reversal above 5965 zones. Now that’s where a little on market improvisation comes in. As  a trader we see that the low made is above BEARS LAST stand point and at the same time the swing hurdle was almost tested. So a risky trader can take a quick trade or a safe trader can just wait to see for a confirmation. Either way once 5965 was taken out it blasted to do all upside levels.

Our traders went long at 5952 levels and booked gains all the way till 5995 trading levels. Making it a big day for the traders just following the levels and with price point analysis.


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

Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our

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 – 3rd  April  Trading Guide

NIFTY FUT – Proved all the analysts wrong who had jumped the gun to declare they are short and predicted sever downsides for the market. We saw a slew of analysts yesterday when markets breached the 5900 levels yesterday on an intraday basis to be proved wrong by the end of the day.

The problem that  I have observed is instead of being more focused on analyzing and following the markets analysts instead are busy predicting the markets to go to this level and that level. Yes I agree that may happen but for once just try and follow the way it is playing at the current time. Why predict. Let us just analyze the current situation and the current trend. Every analyst these days wants to be a prophet trying to predict the market move sometimes funnily by 500 points or more.

Coming back to NIFTY FUT. It will find immediate support at the 5990-6000 levels and trading above that zone it can go onto attempt the swing hurdle levels of 6035. Yes that’s the immediate level to watch out for in the coming session. This is a strong swing hurdle and trading above that  can  start the next leg of upmove all the way till 6125 levels on a swing basis.

From an intraday point of view NIFTY FUT will attempt the 6065 levels once it manages to move above 6035 levels.

On the downside a breach of 5990 this time will ensure that market may again test the downside levels of 5965 trading levels.

This should act as a support and supply zone all the way upto 5935 levels and only a breach of that can mean that the break out yesterday was a false one and can kind of signal an end of the uptrend.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6025-30 sustaining above which it will target 6060,6090,6125
POWERTRADE TREND DECIDER OF THE DAY -------5990-6000
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5960-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5935,5900

NIFTY stages a surprise pulling back above 5900 after testing swing supports? Will it manage to hold?

NIFTY FUTURE- Review of 30^th Apr

NIFTY FUT – For the 30^th we had discussed that  above 5930 odd trading levels also the BEARS LAST STAND point NIFTY FUT will go on to test the levels of 5960-65

This is what we had wrote: “NIFTY FUT will again face immediate hurdle at 5930-35 odd trading levels again and clearing that level will ensure that NIFTY FUT will go onto to test the higher trading levels of 5960 odd and higher levels of 6000.”

Now in the morning session markets witnessed a gap up and tested the 5960 levels which was the immediate target above 5930. But once that level was not sustained it moved downwards and the same levels acted as a resistance ensuring markets failed to clear that for most part of the day. We did take a trade infact above 5960 and had to book at 15 points hit there.

We also mentioned that the TREND DECIDER of the day is 5915 levels meaning a movement below that will be with a negative bias. This is what happened once that level was broken. We took the short trade exactly at that point too. First the target of BULLS LAST stand point was tested at 5885. Let us also review what we had wrote for the downside trade:

“On the downside a breach of 5885 odd levels will ensure that this trading range is breached on the downside and NIFTY FUT can again go onto to test  the 5860 levels and lower Immediate trading per se 5910-15 will form as the TREND DECIDER”

Once that level was broken NIFTY FUT made an exactly low above 5860 levels doing bigtime on the downside trades all the way from 5910 levels. This is also the points where markets surprised the analysts pulling back sharply to again test 5900 and 5930 levels and closing above 5900 levels.

NIFTY FUT managed a sharp pull back to close above 5900 levels? What is in store next.

Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading

Time your trades with perfection and high accuracy ? Trade with the specialists of the index. Check out our

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 – 2nd  April  Trading Guide

NIFTY FUT – If we look into a larger time frame and look at the week’s candle so far we will see that it has traded within a 100 points range of 5860-5960 since the gap up created on the 25^th.  Funny part is this is almost the same trading gap that we witnessed on the downside move and this gap was created on the 18^th March.

Swing wise since we are now trading in this 100 points range it will be critical to see how NIFTY FUT moves from here. A break of the range on either side will almost decide the next leg of the momentum. Until that happens as we always advice it is better to look for a pull back trade within the range extremes and a break out trade outside the range.

Most analysts were jumping onto shout shorts and few even coundnt hold their guns and seem to have announced that within the market session on the 30^th itself. Instead of waiting to get a confirmation with the daily candle close.  We will have to see how far they are correct. For our traders though swing wise 5860 will hold the fort. This is the same level market tested and sharply pulled back as well.

NIFTY FUT will have the trend decider at 5910-15  levels and  trading above that will always show a tendency to pull back. Below that it can  test the levels of 5885-90 again a breach of it this time may just see a serious slide. Real concern for the BULLS though will be a breach of 5860 odd levels.

On the upside NIFTY FUT will again test the upside swing levels of 5960 once it manages to clear 5930-35 levels. This might be a good level to take a pull back trade with lower stops and reversals above it for higher trading levels.

Trading levels for the day:                                                                                                   

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5930-35 sustaining above which it will target 5960, 5995
POWERTRADE TREND DECIDER OF THE DAY -------5905-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5885-90
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5865, 5830