Monday, 5 March 2012

REVIEW OF 5th Mar 2012 AND UPDATE FOR 6th Mar 2012

NIFTY  FUTURE – 5th  Mar  Recap

NIFTY FUT we mentioned that the BULLS LAST STAND point of  the day is 5445, Once NIFTY FUT traded below that level, there was hardly a chance pull back and it went on to do the downside targets. It exactly touched above our target of 5305 and managed a minor pull back to again test those levels and finally closed a little higher. This signifies that once trading below BULLS LAST STAND point there is a tough chance for bulls to make a comeback

Our NIFTY FUT subscribers went short below  5335 and booked profits all the way till 530-10 5 levels .What trade did you take?

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NIFTY FUTURE – 6th   Mar Trading Guide

NIFTY FUT faces immediate resistance at 5325-35 zone, trading below which it can again retest the lows of 5305 and further downside levels of 5275 and upto to 5255-65.Where there is a gap created on the 3rd of June.Breaking that level can lead to gap filling upto 5235 levels. On the Upside once trading above the resistance zone can attempt levels of 5365, 5395 and beyond. Today election results may be announced, so we may see some volatility,hence exercise caution and trade light.

 POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5400-10 sustaining above which it will target, 5435,5465,5495
POWERTRADE TREND DECIDER OF THE DAY ------- 5425-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5295-5305
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5275, 5265,5235,
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