NIFTY FUTURE – 30th May Recap
NIFTY FUT opened gap down and had a pretty much a dull rang bound day before showing signs of breaking down during the closing hours. But even on a choppy day let us see how our levels worked. First we mentioned that the TREND DECIDER of the day is 4965 and in the event of a gapdown this became a resistance, look at the intraday high made(4964). We also mentioned that the BULLS LAST STAND point is 4925, again check the low made during closing (4926.1). Our levels again worked in an immaculate manner. Not sure if many recall but we clearly mentioned that some consolidation may be seen in the coming sessions and today was exactly marked by that too.
Hope readers used the levels and managed a decent trade. Days like these are most tough to trade and one should clearly focus on capital protection for better days ahead. What to expect in coming sessions?
NIFTY FUTURE – 31st May Trading Guide
NIFTY FUT traded below 4975 zones and closed weak just a shade above our critical support zone identified at 4925. And any traded below this for a while will test 4900 levels in a jiffy. NIFTY FUT now Faces immediate resistance at 4955 and holding above that will attempt 4975 levels. NIFTY FUT traded in a narrow range for most part of the day and some range expansions may happen in coming sessions. On the downside positional support emerges at 4885 levels . Expiry day play safe and trade light, also as major news GDP quarterly data is expected.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4970-75 sustaining above which it will target 5005,5025,5050
POWERTRADE TREND DECIDER OF THE DAY ------- 4900-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4980-85
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4855,4855, 4835
Detailed analysis also posted at www.powertrades.blogspot.com
NIFTY FUT opened gap down and had a pretty much a dull rang bound day before showing signs of breaking down during the closing hours. But even on a choppy day let us see how our levels worked. First we mentioned that the TREND DECIDER of the day is 4965 and in the event of a gapdown this became a resistance, look at the intraday high made(4964). We also mentioned that the BULLS LAST STAND point is 4925, again check the low made during closing (4926.1). Our levels again worked in an immaculate manner. Not sure if many recall but we clearly mentioned that some consolidation may be seen in the coming sessions and today was exactly marked by that too.
Hope readers used the levels and managed a decent trade. Days like these are most tough to trade and one should clearly focus on capital protection for better days ahead. What to expect in coming sessions?
Our NIFTY FUT subscribers
went long in the morning session at 4938 and booked profits near 4955, minor
profits but given that the range itself was 27 odd points for most part of the
day, that’s a good take home... Are you still guessing where to trade.Did you
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NIFTY FUTURE – 31st May Trading Guide
NIFTY FUT traded below 4975 zones and closed weak just a shade above our critical support zone identified at 4925. And any traded below this for a while will test 4900 levels in a jiffy. NIFTY FUT now Faces immediate resistance at 4955 and holding above that will attempt 4975 levels. NIFTY FUT traded in a narrow range for most part of the day and some range expansions may happen in coming sessions. On the downside positional support emerges at 4885 levels . Expiry day play safe and trade light, also as major news GDP quarterly data is expected.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4970-75 sustaining above which it will target 5005,5025,5050
POWERTRADE TREND DECIDER OF THE DAY ------- 4900-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4980-85
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4855,4855, 4835
Detailed analysis also posted at www.powertrades.blogspot.com
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