REVIEW OF31st JAN 2012 AND UPDATE FOR 1st Feb 2012

NIFTY FUTURE – 31^st Jan  Feb  Recap

NIFTY FUT gave a strong closing, we have been predicting upside target of 5230 , once NIFTY FUT moves above 5170-80 levels. We also advised trend decider support at 5130-40 and markets exactly retraced from them there  and gave the massive rally.
Our Intra subscribers went long at 5140-45 levels and booked instant gains at 5170 levels and higher levels.

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NIFTY FUTURE – 1^st Feb Trading Guide


NIFYT FUT gave a strong closing just near our break out target o 5230 levels. And momentum wise looks poised for some further upmove, with caution though and the right strategy may be now to buy in dips and capitalize on the momentum play. NIFTY FUT faces immediate resistance at 5235 levels trading above which can attempt to fill the targets of 5275 and 5300. Downside support now emerges at 5170-80 zones.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5245-5250 sustaining above which it will target 5274,above that 5300,5323
POWERTRADE TREND DECIDER OF THE DAY ------- 5170-5180
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5130-5140

Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5100,5080

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