REVIEW OF 8th May 2012 AND UPDATE FOR 9th May 2012

NIFTY  FUTURE – 8^th  May  Recap

NIFTY FUT had another mighty volatile day and what a day it was. We mentioned that the TREND DECIDER OF the day was 5130. Check the NIFTY FUT high made in morning and check the market reaction when NIFTY FUT failed to cross that level and crashed all the way to test our BULLS LAST STAND POINT. Also check the importance of our levels, once BULLS LAST STAND point was breached it gave very little chance for the bulls doing our downside targets upto almost 4980 as given

Our subscribers had another good day, thank it to the volatility and unidirectional movement too. Subcribers went short below 5080 and booked profits all the way till 5015. Not all trading days are like this but last 3 days our subscribers had a whooping return of about 173 in just 3 trading days.. 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 – 9^th May Trading Guide

NIFTY FUT fell through the roof breaking below yesterday’s lows and breaching the crucial 5000 levels. We clearly mentioned yesterday until 5180 is taken out the BULLS need to be cautious and that’s what happened in the market. NIFTY FUT faces immediate resistance now at 5030-35 and immediate support now emerges at 4970-80 zone. Break of this can see a further downside in the markets. There are no near downside targets made in the near future, so traders trading short need to trail with a comfortable SL. The Hourly volatility has shot up hugely and may cool off in the next few days.Let us watch out how it spans out. Use the levels and take more informed trades.

 POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 5080-85 sustaining above which it will target 5205, 5225
POWERTRADE TREND DECIDER OF THE DAY ------- 5030-35
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4940-50
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

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