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

NIFTY  FUTURE – 22nd  Mar  Recap

NIFTY FUT we mentioned has resistance at 5410, check the high made and the market reaction after that. NIFTY FUT failed to cross 5410 and moved into bearish territory below 5360 (TREND DECIDER) and then crashed all the way down below out BULLS LAST STAND POINT and did all our downside targets. The sudden fall did take everyone by surprise but if one was following the levels and trailing and taking trades accordingly would have made good gains.

Our subscribers had a double gain day, first NIFY FUT subscribers booked some quick profits almost at day’s high and then the BANKNIFTY subscribers had a blast going short and booked massive gains…which trade did you take, were you able to capture the gains both ways?

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NIFTY FUTURE – 23^rd   Mar Trading Guide

NIFTY FUT now faces immediate resistance at 5255 trading above which it can attempt 5275 levels. On the downside critical positional support comes at 5210 trading below which it can signal a serious test for BULLS. NIFTY FUT crashed with huge good volumes in the last few hours of trading .and short term momentum indicators further downside is on the cards. Until the resistance levels are taken out.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5325-30 sustaining above which it will target, 5340,5365,5390
POWERTRADE TREND DECIDER OF THE DAY ------- 5255-60
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5210-5200
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5175, 5150,5110

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