REVIEW OF 15th May 2012 AND UPDATE FOR 16th May 2012

NIFTY  FUTURE – 15^th  May  Recap

NIFTY FUT we mentioned that “now we are testing crucial support zones and a technical bounce back may happen sometime soon” and look what a smart bounce back it was. We were again spot on with our analysis and hope it genuinely helped all our readers.We also mentioned that the TREND DECIDER OF the day is 4905 and looked where markets went after that. It exactly made a high just below our BEARS LAST STAND POINT at 4955.(High made 4954.75). Hope everyone again used this level to take a smart trade entry and book good profits.

Our subscribers were also asked to follow as our blog, went long above 4905 levels and booked profits in time at 4937 making it a short and sweet day. 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 – 16^th May Trading Guide

NIFTY FUT managed to give a smart pull back and close above 4900 levels. But Long players are still warned not to get into a buying spree but at best trade technical pull backs. NIFTY FUT in the past few weeks have broken crucial support zones and it will really need some serious sustained buying to be able to pull back out of this. Till postionally 4985 and then the crucial 5180 levels are taken out  bears will love to go short on rise. We also warned about range contraction last week and see how the trading range is now playing within previous levels. NIFTY FUT now faces immediate resistance at 4955 and above that will give a serious test to 4985. On the downside now 4905 emerges as a support in short term and trading below it will again make the BEARS active.


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 ------- 4900-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4860-65

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----   4840, 4815, 4800, 4765
Detailed analysis also posted at www.powertrades.blogspot.com

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