REVIEW OF 4th May 2012 AND UPDATE FOR 7th May 2012

NIFTY  FUTURE – 4^th  May  Recap

NIFTY FUT crashed all the way down today. But anyone who had spent 5 minutes on the post would have gone home with huge bagful of money today. Check what we wrote. “THE LAST HOPE FOR BULLS IS TO HOLD 5180” and check what happened to markets once it opened below it. NIFTY FUT made exact high at that level and crashed all the way. We clearly advised shorts on yesterday. Hope everyone had a great trading day and a bag full of returns.

Our subscribers had a ballistic day of profits today going short at 5170 and booking profits all the way till 5107. .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 – 7^th May Trading Guide

NIFTY FUT now has immediate resistance at 5130-35 and trading above which will again attempt 5150 levels and higher. NIFTY FUT has broken to critical support zones to close at the lowest point since Jan. The Short term momentum charts now look terribly oversold and may expect a technical bounce back. Support now comes near 5050-55 levels. For now Positional BULLS are hugely sidelined until 5185 is taken out on the upside.

POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5150-55 sustaining above which it will target
 5185,5205, 5225
POWERTRADE TREND DECIDER OF THE DAY ------- 5130-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5050-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----  5025,4980,4940

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