REVIEW OF 22nd Feb 2012 AND UPDATE FOR 23rd Feb 2012

NIFTY  FUTURE – 22^nd   Feb  Recap

NIFTY FUT traded in a very narrow range for the past two days and finally broke out the range today.Lets see how markets spanned with reference to our levels. We mentioned that the BEARS LAST STAND POINT 5635, check the high made today. Bulls failed to breach that levels paving the way for the bearish trend, markets then crashed to our TREND DECIDER of the day and beyond all the way breaching our BULLS LAST STAND POINT to hit lower target zones of 5500 levels. What trade did you take?

Our NIFTY FUT subscribers went short below 5595 and reaped huge gains all the way till 5520 levels, making it a super sessions for intra players. Positional players shorted even earlier and pocketed huge gains too..
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 NIFTY FUTURE – 23^rd  Feb Trading Guide

NIFTY FUT now faces immediate support at 5495 levels , trading below which it can drift to 5475 and beyond all the way to 5455 and 5430 levels where we expect bulls to come back. On the Upside Resistance now comes at 5565 levels trading above which it can scale back higher zone upto 5595 and beyond

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5595-5605  sustaining above which it will target 5625,5645
POWERTRADE TREND DECIDER OF THE DAY ------- 5555-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY -------5470-75

Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ----5455,5430

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