NIFTY  FUTURE – 29^th   Mar  Recap

NIFTY FUT opened gap down below our key support zone of 5175 and moved downwards to exactly do our first downside target below 5140  levels.  NIFTY fut had a relatively dull day and moved choppy within a small range because of expiry. A saving grace for Bulls is that it still managed to close just above 5170 levels. This level and below that 5150. This range will hold the key in the near trading future

Our subscribers went short at 5155 levels and closed the trades in minor profits or near cost. We exited positions because as a rule mostly we don’t trade much beyond mid day on expiry days. This saves us from un unsual volatility at times witnessed during expiry

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NIFTY FUTURE – 30^th   Mar Trading Guide

NIFTY FUT now faces immediate resistance at 5210  trading above which it can attempt 5235-45  levels. On the downside  crucial support still comes at 5170  levels and below that now 5120-5130 will hold the key. Incidentally 5120 also is the 50% retracement of this entire upmove from 4550 odd levels and a close below it will signal further downside. At the same time it offers a good contrarian opportunity to create longs both position ally and on intra basis if these levels hold. Watch out tomorrow again for sustained trading below or above 5170 levels.

Wish you all best of luck on the new series. Hope the coming months bring to all of us more learning and disciplined trading oppurtunties.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5235-45 sustaining above which it will target, 5265,5290, 5310
POWERTRADE TREND DECIDER OF THE DAY ------- 5200-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5170
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5140, 5120,5105,5080

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