REVIEW OF 12th Mar 2012 AND UPDATE FOR 13th Mar 2012

NIFTY  FUTURE – 12^th  Mar  Recap

NIFTY FUT  we mentioned that the BEARS LAST stand point of the day as 5425. Check the open high made and how important was that level. Once failed to sustain above that NIFTY FUT fell to test the TREND DECIDER of the day and below that made a low above our BEARS LAST stand point of the day. NIFTY FUT again pulled back to make a  just above our TREND DECIDER and managed to close near the same region.Our readers were aware of thee s level well in advance and hopefully were able to capture smart moves.

Our NIFTY FUT subscribers went long near 5473 and closed the trade at 5495 levels. What was your trade?

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NIFTY FUTURE – 13^th   Mar Trading Guide

 NIFTY FUT failed to close above 5405 zone and just closed just below it. NIFTY FUT now faces immediate resistance at 5405. Trading above which can attempt 5425-35 zones. Above that will thrust it into Bull orbit. Near term support now comes at 5365 trading below which can attempt 5345 and lower levels. We told yesterday until the lows of the day hold look for pull back buying trade on dips and see how beautifully it worked. Short term momentum indicators indicate some upside steam is still left. But again the movements are not conclusive and supported by good volumes.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5425-5435  sustaining above which it will target, 5450,5470,5495,5525
POWERTRADE TREND DECIDER OF THE DAY ------- 5400-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5360-65
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5345, 5325,5300

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