REVIEW OF 17th Apr 2012 AND UPDATE FOR 18th Apr 2012

NIFTY  FUTURE – 17^th  Apr  Recap

NIFTY FUT we wrote immediate resistance is at 5225 and above that we  mentioned that the TREND DECIDER of the day is 5255,  and above that NIFTY FUT will attempt 5280 and above that we gave target of 5225, check what happened to NIFTY FUT above our levels and check the high made during the upmove. We mentioned that curcial positional breakout range now comes at 5330 and despite the terrific bounce this level is still un conquered. Will this be taken out or will this level be respected? Read our post for tomorrow

Our  subscribers had a terrific day today, partly due to correct analysis and partly due to favorable news. Subcribers today went long near 5230 and booked profits all the way till 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 – 18^th   April Trading Guide

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NIFTY FUT now faces immediate resistance at 5230 levels and  for now the momentum indicators favor this level to be taken out. Sustained trading above that level should really caution the bears in the market. Downside support now emerges at 5290 levels. Today NIFTY FUT pulled back with very strong volumes practically reversing the huge fall that we had the other day trapping a lot of bear players. Sustained trading above 5330 now will bring in some serious short covering.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5330-35  sustaining above which it will target 5355,5375,5400,5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5290-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5250-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5225,5210,5190

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

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