REVIEW OF 9th Mar 2012 AND UPDATE FOR 12th Mar 2012

NIFTY  FUTURE – 9^th  Mar  Recap

NIFTY FUT Let us again see the importance of the levels we marked, We wrote that the BEARS LAST STAND POINT OF THE DAY is 5310, meaning trading above that bears have very less hope for the day,Check the open low made (5311) Just above our level. We also wrote that trading above 5310 NIFTY FUT will attempt upto 5365, check the intraday high made before falling (5364.9). Our readers were aware of this level well in advance and I believe entered the trades accordingly to capture the gains.

Our NIFTY FUT subscribers went short near the Highs at 5355 and booked profit near 5330 taking a low risk contrarian trade. We mentioned two days back that markets are looking to give a pull back, our positional traders are in long positions in line with the same reccomendations. 

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NIFTY FUTURE – 12^th   Mar Trading Guide

 NIFTY FUT closed above the resistance zone of 5365 signifying further bullishness on the cards. NIFTY FUT now faces immediate resistance at 5390-5400 levels trading above which can attempt the key resistance zone of 5430-40. On the Downside support now emerges at 5360 and below that at 5325.Momentum indicators are bullish and if the lows of previous day are not broken it might be a more prudent strategy to buy on dips or a breakout of a resistance level


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 ------- 5385-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5320-25
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5305, 5175

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