REVIEW OF 26th June 2012 AND UPDATE FOR 27th June 2012

NIFTY  FUTURE – 26^th   June  Recap

NIFTY FUT we wrote that 5090 is the key positional support and needs to hold on for any potential upmove. NIFTY FUT exactly bounced back from those levels twice in the day, once early in the trading session and one in late trading. Giving the only significant trading opportunity in yet another range bound day, NIFTY FUT has now traded in a 100 point range for the past 5 trading sessions. Not only trading has been difficult or boring within this same range as we wrote yesterday, writing about it has not been much fun either.  One significant point to note is that NIFTY pulled back sharply to close near 5140 from the lows of the day indicating that considerable support is emerging in 5090-5100 zone.

Our NIFTY FUT subscribers had a near perfect trading day in this range bound sessions, going long near 5107 and booking profits just in time at 5134 level.Not every day is this perfect, but it was nice to have got the entries and exit spot on. 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 – 27^th  June Trading Guide

NIFTY FUT managed to pull back and close at a very respectable level again finding crucial support at 5100-5090 levels as clearly mentioned in the past few days. This close indicates that market is still in favor of BULLS and possibly is looking for positive cues to test upsides. But again at the same time intraday traders need to keep a note that expiry is around the corner. NIFTY FUT faces immediate resistance now at 5145-50 and trading above which will attempt 5180 levels. On the downside support emerges at 5110-15 and trading below which will again attempt 5105-5090 levels. For now momentum indicators point are until 5090 manages to hold. Positional players can keep a stop 20 points lower than this level. Intra players may look for a long break out or a pull back trade at lower levels and a short below the support zones only.

Momentum indicators will point on upside only on a movement and sustenance above 5150 levels and within this range Momentum indicators will largely stay neutral, But at the same time larger the time spend in consolidation larger is the chances of a strong movement on either direction.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5175-80 sustaining above which it will target 5205,5230,5255
POWERTRADE TREND DECIDER OF THE DAY ------- 5145-50
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5085-90
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5055, 5030,5004

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

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