REVIEW OF 18th May 2012 AND UPDATE FOR 21st May 2012

NIFTY  FUTURE – 18^th   May  Recap

NIFTY FUT we mentioned that “ sooner or later we may just see another range breakout or a big movement day” and what a big movement day that was. NIFTY FUT opened gapdown below our crucial support zone but once managed to pull back above 4825 levels, it reacted as a strong support again and propelled markets to exactly close below our BEARS LAST STAND POINT of 4905. This was again spot on with both our levels. Hopefully the readers did take  that trade. Also there was another intra contrarian opportunity in the morning, when it opened below support levels, once could have taken a quick short for 20-30 points trade.

Our subscribers went short below 4801 with a contrarian trade and booked profits just in time to close the trades at 4772. Postional subscribers were also clearly advised to create longs above 4825 as per the blog advice and they booked some gains towards taking home loads of money over the weekend.. 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 – 21^st  May Trading Guide

NIFTY FUT pulled back smartly and closed near 4900 levels. Huge shorts were created at close on Thursday with small SL’s, they all got triggered on the pullback fuelling the pull back even further. Immediate support now comes at 4850-55 and crucial positional support emerges at 4825 levels.  Immediate resistance now comes at 4925 and trading above that level will target 4950 and higher levels . significant positional resistance is at 4985 and break above that only will signal a true come back for bulls.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4905-10  sustaining above which it will target 4925,4955,4985
POWERTRADE TREND DECIDER OF THE DAY ------- 4850-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4948-53

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----   4800, 4765,4735

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

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