Tuesday, 22 May 2012

REVIEW OF 22nd May 2012 AND UPDATE FOR 23rd May 2012

NIFTY  FUTURE – 22nd  May  Recap
NIFTY FUT we mentioned that “Positional resistance still remains at 4985 and break above that only will signal a true come back for bulls.” And today markets eventually crashed big time to indicate that BEARS still have a strong hold in the markets. Yesterday’s closing above 4865 indicated that some steam is left for long players but that was not to be the case.  NIFTY FUT we mentioned that the TREND DECIDER of the day is at 4905 and beyond that BULLS LAST STAND POINT will be tested, look what happened once markets breached that zone, a flash crash just to test our BULLS LAST STAND POINT and once that was broken did our downside targets too.

Our subscribers initially went long above 4920 and booked losses at 4908. Then again we advised our subscribers to short at 4885 levels and booked final profits all the way till 4845 levels in minutes. 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 – 23rd   May Trading Guide

NIFTY FUT failed to hold on above 4865 and not only broke that level significantly but also closed below that zone indicating a strong bear hold for now. NIFTY FUT faces immediate resistance at 4865  and trading above that will test the 4890 levels. Significant resistance now comes at 4915-25 band. On the downside support now comes at 4825-30 and a breach of that level will test 4805 and below that 4865 zone will provide critical support

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4915-25  sustaining above which it will target 4955,4985
POWERTRADE TREND DECIDER OF THE DAY ------- 4865-75
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4800-05
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----   4765,4730
Detailed analysis also posted at www.powertrades.blogspot.com

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