REVIEW OF 20th June 2012 AND UPDATE FOR 21st June 2012

NIFTY  FUTURE – 20^th  June  Recap

NIFTY FUT had another range bound day staying within a total of 50 points range only. But again even in this range bound trading our levels provided some sense of direction. Lets watch what did we say as the TREND DECIDER OF the day. We wrote that is 5090. Check the Low plotted on NIFTY FUT (5096). Once it failed to break it NIFTY FUT Pulled back to make a high just below our  BULLS LAST STAND POINT at 5143 levels. We also wrote that not momentum indicators point on the upside and this is what happened where NIFTY FUT found support in declines, but at the same time didn’t make any significant headway on the upside. Last few trading sessions have been tough for intraday  and both positional play at the same time. But again that’s how is the nature of the markets and is always not conducive

Our NIFTY FUT subscribers managed a good day even in this range bound session. The went long at 5105 levels and booked profits at 5132 making it a relatively successful day even in this small play. Where to take the next trade? Did you catch the move in the right time?..... 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 – 21^st   June Trading Guide

NIFTY FUT gave another close above 5100 levels and at the same time failed to clear the hurdle of 5145 levels. This range was a tough play few sessions back too and is proving the same now. NIFTY FUT faces immediate resistance at 5145 and trading above that this time should attempt 5175-80 levels on the upside. On the downside crucial support emerges at 5095-5100 levels and a breach of that will signal a downward move again to test a minimum of 5065-70 levels. Momentum indicators are pointing upwards and will remain son until NIFTY FUT manages to hold onto 5090 zone. Managed to close above 5100 levels today, indicating crucial support is emerging at the 5050-30 zone for positional players. The trading levels exactly remain the same for today as there was no new range created  yesterday.
 

 POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5140-45 sustaining above which it will target 5180,5205,5230
POWERTRADE TREND DECIDER OF THE DAY ------- 5085-90
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5045-50
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----  5030,5004, 4965
Detailed analysis also posted at www.powertrades.blogspot.com

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