Sunday, 19 February 2012

REVIEW OF 17th Feb 2012 AND UPDATE FOR 21st Feb 2012

NIFTY  FUTURE – 17th Feb  Feb  Recap
NIFTY FUT opened with a Huge gap up above our said Resistance zone and made a high exactly near our second BEARS LAST STAND POINT OF THE DAY Level2 and traded in a small range mostly through the day until break down. During a huge gap up or gap down adapting to use the levels smartly is the key, once gapped up the RESISTANCE level may tend to become a support level and that’s what happened NIFTY FUT made a low exactly near 5565 and bounced back to give a good closing near 5600.

Our NIFTY FUT subscribers went short in the morning session with a SL above 5625 and we all know what happened after that. What was your trade this Friday?

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NIFTY FUTURE – 21st   Feb Trading Guide

NIFTY FUT now faces immediate resistance at 5625 levels beyond it can target 5620-25 levels beyond that can targrt 5650-5660 and beyond that can go all the way upto 5700 levels. Immediate Support now comes at 5555-65 levels. Trading below which can target 5535 and below that can drift downward to 5500-5510 levels.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5620-5625   sustaining above which it will target 5650-60,5700
POWERTRADE TREND DECIDER OF THE DAY ------- 5555-65

POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5535-40
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5510,5475


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