Monday, 23 April 2012

REVIEW OF 23rd Apr 2012 AND UPDATE FOR 24th Apr 2012

NIFTY  FUTURE – 23rd   Apr  Recap

Are you trading with Powertrade affiliated brokers? If yes then claim your fabulous discount .Get one month of Powertrade calls free. Else just sign up and trade under our partner broker Today . For details contact us
NIFTY FUT we has resistance at 5330 and only sustaining above it will signal a come back for BULLS. Look at the charts again on what unfolded during the day. NIFTY FUT made a high below it and crashed to do all our downside targets. WE clearly mentioned markets are back in BEAR grip again yesterday and our short call on market was justified. We also mentioned once 5250 is broken can see further downside. Markets tried to take some support there but eventually crashed.
Our  subscribers had another ballistic day of trading going short at 5310 and booking profits all the way till 5255 make it a huge day of profit again. This was pretty much inline with the levels we posted.Worried about what take to trade. Subscribe to our premium calls and leave your trade entry and exit worries to us. 
Are you still Awestruck with the accuracy of our sureshot research to detect market turning points in advance? Unable to trade accurately ...Get in touch with our helpdesk at www.powertrade.co.in...Team Powertrade will show you the way to a more confident and stress free trading advisory service.
NIFTY FUTURE – 24th   April Trading Guide

NIFTY FUT now has immediate support at 5175-80 and sustaining below it will see further downside to 5150 levels and below. On the upside NIFTY FUT faces resistance at 5220-25 levels. On positional positional basis NIFTY FUT at least needs to sustain above 5255 for bulls to be taken seriously.

Short term momentum indicators are highly oversold now and also may present some contrarian opportunity for the intra traders.  Watch out for such low risk entries.

Resistance at 5330-35 levels  sustaining above which now it can attempt 5350 levels. With the break of the 5330 levels and a close below it the momentum has again shifted in favor of the BEARS. Downside support now comes at 5255 levels and sustaining below it will see further slide in the market

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5250-55   sustaining above which it will target 5275,5290,5310,5330
POWERTRADE TREND DECIDER OF THE DAY ------- 5225-30
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 ---- 5135, 5110,5086

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

No comments:

Post a Comment