NIFTY FUTURE – 28th May Recap
NIFTY FUT we clearly mentioned that once it crosses the resistance band of 4950 will head for 4980 levels and check the market reaction when it managed to move above 4950 it made a dash for 4980 levels and closed exactly near that zone. We also mentioned clearly that “some upside may be on the cards if 4900 levels manage to hold“. NIFTY FUT today created a high just near our BEARS LAST STAND point what is up next? Where will NIFTY FUT move?
NIFTY FUT now faces immediate resistance at 5005 and trading above that level will move towards 5025-30 levels. On the downside support now emerges at 4950-55 levels. And a breach of that will test 4925 levels and lower. NIFTY FUT closed on day’s high exactly at a crucial resistance zone and it will be very critical for NIFTY FUT to sustain and trade above this level to be able to sustain the upmove further. Also NIFTY FUT momentum indicators are heading towards over bought levels and until it manages to hold above the high of yesterday some consolidation may be on the cards.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5000-05 sustaining above which it will target 5025,5050, 5077
POWERTRADE TREND DECIDER OF THE DAY ------- 4975-80
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4925-30
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4905,4855,4855, 4835
Detailed analysis also posted at www.powertrades.blogspot.com
NIFTY FUT we clearly mentioned that once it crosses the resistance band of 4950 will head for 4980 levels and check the market reaction when it managed to move above 4950 it made a dash for 4980 levels and closed exactly near that zone. We also mentioned clearly that “some upside may be on the cards if 4900 levels manage to hold“. NIFTY FUT today created a high just near our BEARS LAST STAND point what is up next? Where will NIFTY FUT move?
Our NIFTY FUT subscribers
created two trades today initially going long at 4938 and booking partial
profits at 4955 before hitting the TSL at cost. We then again went long at 4945
and booked final profits near 4980 levelhad a decent day going long at 4890.
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NIFTY FUTURE – 29th
May Trading GuideNIFTY FUT now faces immediate resistance at 5005 and trading above that level will move towards 5025-30 levels. On the downside support now emerges at 4950-55 levels. And a breach of that will test 4925 levels and lower. NIFTY FUT closed on day’s high exactly at a crucial resistance zone and it will be very critical for NIFTY FUT to sustain and trade above this level to be able to sustain the upmove further. Also NIFTY FUT momentum indicators are heading towards over bought levels and until it manages to hold above the high of yesterday some consolidation may be on the cards.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5000-05 sustaining above which it will target 5025,5050, 5077
POWERTRADE TREND DECIDER OF THE DAY ------- 4975-80
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4925-30
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4905,4855,4855, 4835
Detailed analysis also posted at www.powertrades.blogspot.com
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