REVIEW OF 21st May 2012 AND UPDATE FOR 22nd May 2012

REVIEW OF 21^st  May 2012 AND UPDATE FOR 22^nd   May 2012

NIFTY  FUTURE – 21^st    May  Recap

NIFTY FUT we pointed out resistance at 4925 zones and markets topped exactly near that level to take a pause. Overall a small range day and nothing significant to read out of it. NIFTY FUt did dip but good part is managed to close above 4865 levels which will hold the key in the coming session.

Our subscribers had a flat day today going short at 4920 levels but we decided to close the shorts near 4912 seeing no significant movements. 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 – 22nd   May Trading Guide

NIFTY FUT again failed to sustain the momentum and failed to close above 4900 levels, but the good part is it held 4865 on the downside,hence we sense that the upside pull back rally may not be just done yet. Watch out for for NIFTY FUT once it manages to surface above 4910 levels. NIFTY FUT on the downside has support at 4865 levels and any breach of that this time BEARS will come in serious play. On the upside resistance comes at 4925-30 levels above 4910. Positional resistance still remains at 4985 and break above that only will signal a true come back for bulls.

  
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4925-31  sustaining above which it will target 4955,4985
POWERTRADE TREND DECIDER OF THE DAY ------- 4905-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4855-60

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----   4825,4800, 4765
Detailed analysis also posted at www.powertrades.blogspot.com

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