REVIEW OF 13th Apr 2012 AND UPDATE FOR 16th Apr 2012

NIFTY  FUTURE – 12^th  Apr  Recap

NIFTY FUT we mentioned that faces resistance at 5335, check the High made exactly at 5330 before a crash. We also clearly mentioned that the range break out is eminent in the next few trading sessions as and what a range break out it was. Once NIFTY FUT moved below our TREND DECIDER it crashed and below our BEARS last stand point did all our downside targets exactly near as analyzed 5190.  We mentioned that how important it is on range bound days to book profits with some quantities and yet trail some quantity to capture range break out.

Our  subscribers went long above 5305 and booked just in time at 5325-30 levels.  5275 levels and booked profits near 5295 levels.What was your trade? You can leave all your trading worries to us and just focus on disciplined trading using pure technical analysis. Look out for our point commitment services.

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NIFTY FUTURE – 16^th   April Trading Guide

NIFTY FUT crashed 80 points in 10 minutes breaching major technical levels and again turning medium term momentum in favor of the BEARS. The crash according to reports was attributed to basket selling by few big players. NIFTY FUT now faces immediate resistance at 5225-35 trading above which it can again attempt 5250 levels and higher. On the Downside support comes at 5190-95. Trading below which bears will have a merry time.

Also below it 5175-80 will act as a support band and any sustenance below it, we should be thinking about shorts seriously. Short term momentum charts are now bearish and going forward until NIFTY FUT manages to trades above 5250 levels ideal strategy can be short on rise or on breakdown of levels.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5250-55  sustaining above which it will target 5275,5295,5325
POWERTRADE TREND DECIDER OF THE DAY ------- 5225-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5175-80
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5150, 5130, 5115,4980

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

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