Tuesday, 20 March 2012

REVIEW OF 20th Mar 2012 AND UPDATE FOR 21st Mar 2012

NIFTY  FUTURE – 20th  Mar  Recap

NIFTY FUT we mentioned that the BEARS LAST stand point of the day is 5250, Look at the low made (5251). We also mentioned that a pull back is on the cards. NIFTY FUT exactly pulled back from the levels as we mentioned. Again see how the levels are holding and once beyond one of those levels market tends to make a decisive move.
As advised on the blog, we had already closed our short trades. Our BankNIFTY subscribers today had a ballistic day going long above 10240 and booked instant gains of close to 100 points within 15 mins of trade... Getting into the right trend in advance capturing the moves before even smart money and big players move in. What was your trade?

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NIFTY FUTURE – 21st   Mar Trading Guide

NIFTY FUT  now faces immediate resistance at 5325. Trading above which it can attempt upto 5345 and beyond. BULLS will be back in action seriously above 5360 levels. Immediate Support now comes at 5270 levels below which it can test yesterday’s lows and beyond. Shorters should be cautious if above 5325 levels. Markets Look to be in a bounce back mode and creating longs above 5325 may be a good strategy

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5360-65  sustaining above which it will target, 5380,5395,5425
POWERTRADE TREND DECIDER OF THE DAY ------- 5325-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5270-75
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5250, 5235,5210
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