NIFTY FUTURE – 31st
May Recap
NIFTY FUT firstly and most importantly expiry and news based days need to be traded with lighter volumes as these are the days where technical may not work much. Now lets see How the levels played, we mentioned that NIFTY FUT has positional support at 4885, check the charts today, it bounced back from exactly those levels even on a choppy day like this. We also mentioned that critical support is at 4925 and in the event of a gap down this became a resistance to watch out and in the pull back NIFTY FUT marked an exact high again there.
Our NIFTY FUT subscribers had a dull day today, we went long above 4905 but seeing no movement for most part of the day, decided to close the longs near cost. But again what a month this has been for our subscribers and hopefully our readers. Lets raise a toast for all of us.... 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.
NIFTY FUTURE – 1st June May Trading Guide
NIFTY FUT managed to close above the 4900 levels and it shows that some kind of support is emerging here. 4880 will hold the key for positional players and the trend decider. Markets sliding below these levels will not play well for long players. On the upside immediate resistance is at 4925-30 and trading above this level will attempt 4950 levels. On the downside breach of 4880 will attempt 4860-65 levels. Momentum indicators are on the verge of a turn around and this will be decided by 4880 as the support zone. Wish you all the very best in the new series.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4960-65 sustaining above which it will target 4990,5025,5050
POWERTRADE TREND DECIDER OF THE DAY ------- 4880-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4860-65
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4835, 4805, 4765
Detailed analysis also posted at www.powertrades.blogspot.com
NIFTY FUT firstly and most importantly expiry and news based days need to be traded with lighter volumes as these are the days where technical may not work much. Now lets see How the levels played, we mentioned that NIFTY FUT has positional support at 4885, check the charts today, it bounced back from exactly those levels even on a choppy day like this. We also mentioned that critical support is at 4925 and in the event of a gap down this became a resistance to watch out and in the pull back NIFTY FUT marked an exact high again there.
Our NIFTY FUT subscribers had a dull day today, we went long above 4905 but seeing no movement for most part of the day, decided to close the longs near cost. But again what a month this has been for our subscribers and hopefully our readers. Lets raise a toast for all of us.... 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 – 1st June May Trading Guide
NIFTY FUT managed to close above the 4900 levels and it shows that some kind of support is emerging here. 4880 will hold the key for positional players and the trend decider. Markets sliding below these levels will not play well for long players. On the upside immediate resistance is at 4925-30 and trading above this level will attempt 4950 levels. On the downside breach of 4880 will attempt 4860-65 levels. Momentum indicators are on the verge of a turn around and this will be decided by 4880 as the support zone. Wish you all the very best in the new series.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4960-65 sustaining above which it will target 4990,5025,5050
POWERTRADE TREND DECIDER OF THE DAY ------- 4880-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4860-65
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4835, 4805, 4765
Detailed analysis also posted at www.powertrades.blogspot.com
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