Tuesday, 1 May 2012

REVIEW OF 25th Apr 2012 AND UPDATE FOR 02nd May 2012

NIFTY  FUTURE – 25th  Apr  Recap
Dear readers and followers our website team had taken a quarterly off. Normal updates on our website/Blog and twitter accounts will be active from 2nd May

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NIFTY FUTURE – 2nd May Trading Guide

NIFTY FUT now has immediate support at 5245-50  levels  and sustaining below it will see further slide down to  test 5230 . Crucial support now emerges at 5200 levels. On the upside resistance now comes at 5280-85 and sustaining above that level can attempt  the 5300 zone. Momentum indicators now point upward and until 5200 holds bulls may feel safe.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5325-30   sustaining above which it will target 5340, 5355, 5365,5400
POWERTRADE TREND DECIDER OF THE DAY ------- 5280-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5200-05

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5185, 5165,5145

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

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