REVIEW OF 16th Feb 2012 AND UPDATE FOR 17th Feb 2012

NIFTY  FUTURE – 16th Feb  Feb  Recap
NIFTY Fut we mentioned that the immediate resistance is 5560-65 and trading above that only can attempt new highs.NIFTY FUT opened gap down in the morning and drifted lower towards our TRENDE DECIDER and then near BEARS LAST STAND POINT OF THE DAY. Overall a range bound restricted day, but again our levels worked pretty well.

Even on a range bound day our Intra NIFTY subscribers had smart gains. They went SHORT at 5533 and booked profits near 5508 in the morning session.

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NIFTY FUTURE – 17th  Feb Trading Guide

NIFTY FUT immediate resistance still now comes at 5560-65 trading above which can attempt the 5600 levels and beyond that all the way upto 5650-60 zone. Intra Support now comes at 5501-10, a crack of it can see a test of 5475-80 levels as well. Positional support now comes at 5425 levels.  If NIFTY future manages to sustain above yesterday’s High expect some more up move for the higher zones

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5600-5610   sustaining above which it will target 5630,5650-60
POWERTRADE TREND DECIDER OF THE DAY ------- 5500-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5475-5485

Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5450,5425

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