REVIEW OF 10th Apr 2012 AND UPDATE FOR 11th Apr 2012

NIFTY  FUTURE – 10^th  Apr  Recap

NIFTY FUT we mentioned that the TREND Decider of the day is 5275, NIFTY FUT opened below it and moved downwards to make a low exactly below our BULLS Last stand point. Giving a short trading opportunity early on. NIFTY FUT again traded in a narrow range for the third day in a row, this also in a way increases the chances of a decisive move in days to come. During the later stages of the day again NIFTY FUT pulled back to make a high just

Our subscribers went short at 5257 levels and booked profits near 5232 took a contrarian trade today and went long near 5265 levels, taking another smart trading opportunity in a day that again lacked significant movement. What was your trade?

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NIFTY FUTURE – 11^th   April Trading Guide

NIFTY FUT now again faces immediate resistance at 5275-85  levels. Trading above which can attempt the level of 5300. And any sustainance above it 5325 has good chances of being taken out. On the downside support now comes at 5225-35 levels . trading below which can attempt the gap of 5190-5200 levels . Critical positional support emerges at 5180 levels.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5300-05  sustaining above which it will target 5325, 5350,5395
POWERTRADE TREND DECIDER OF THE DAY ------- 5275-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5225-5235
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5210,5190, 5180

 Detailed analysis also posted at www.powertrades.blogspot.com

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