REVIEW OF 11^th May 2012 AND UPDATE FOR 14^th May 2012

NIFTY  FUTURE – 11^th  May  Recap

NIFTY FUT we mentioned that break of 4950 and we can see some good fall in the market. NIFTY FUT opened just below 4950 and went down to test 4900 levels. From there NIFTY FUT gave a smart  pull back to test Thrusday’s close but again failed to sustain 4950 and closed below it. A close below 4950 is not a good sign for long players and downside levels may again be tested.

 Our subscribers went short early in the day  near 4940 and booked hefty profits all the way till 4912 levels. This was again in line with what we advised in our blog. our ability to spot the turnaround points have given us huge gains for our subscribers this trading mont again. Are you still guessing where to trade.Did you take a similar trade and captured the opportunity? Are you still worried where to take the trade entries? Subscribe to our premium calls and leave your trade entry and exit worries to us. 

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NIFTY FUTURE – 14^th May Trading Guide

NIFTY FUT closing below 4950 is not a good sign for BULL players and downside levels may be tested again or new downside created too.. NIFTY FUT now faces immediate resistance at 4955, trading above which will attempt the new resistance band of 4975-85. On the downside support has now emerged at 4900 and a further breach of this will create new downside levels.An interesting level is at 4980, which remains as a crucial retracement zone of the entire upmove.Momentum indicators on daily charts indicate that until 4985 is taken out some more downside is on cards.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4980-85  sustaining above which it will target 5005,5025,5040
POWERTRADE TREND DECIDER OF THE DAY ------- 4950-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4875-80
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----  4840, 4815, 4800

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

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