REVIEW OF 14th May 2012 AND UPDATE FOR 15th May 2012

NIFTY  FUTURE – 14^th  May  Recap

NIFTY FUT we mentioned that “some more downside is on the cards” and check how the markers spanned out.NIFTY FUT opened exactly below our TREND DECIDER of the day and went down to test our first support zone and eventually just made a low below the BULLS LAST STAND POINT to manage to close just above it. We clearly also mentioned that immediate resistance is at 4955 and once that level was not breached in the morning session, all our readers who are genuinely following the levels went short and hopefully minted big time again

Our subscribers went short early in the day  again  at 4938 and booked massive gains today all the way till 4883 making it a big day of gains. All this is done using a disciplined trading approach and combing our years of experience in technical analysis. And believe us its not rocket science. 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 – 15^th May Trading Guide

NIFTY FUT closing below 4900 is a clear sign of further weakness in the market. NIFTY FUT now faces immediate resistance at 4905 zone.Crucial support now emerges at 4840-45 levels and any trade below it will again test lower levels. On the upside positional resistance now emerges at 4980 levels. While market has seen a good fall we should also be cautious now we are testing crucial support zones and a technical bounce back may happen sometime soon.Short term momentum indicators are bordering on the level of oversold now and hence lows need to be watched crucially here.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4950-55  sustaining above which it will target 4985,5005,5025
POWERTRADE TREND DECIDER OF THE DAY ------- 4900-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4840-45
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----   4815, 4800, 4765

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

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