Monday, 4 June 2012

REVIEW OF 4th June 2012 AND UPDATE FOR 5th June 2012

NIFTY  FUTURE – 4th  June  Recap
NIFYT FUT had a massive gapdown opening but took exact support at our mentioned positional support of near 4760 and from there rebounded to attempt higher levels. Wealso wrote that once NIFTY FUT manages to trade above 4825 will test 4850 levels, and check the High made during the closing sessions of the day, again bang on at our marked level. Despite weak global cues NIFTY FUT managed to hold onto the 4760 levels, shows that some support is emerging around here and until this levels holds Long players may manage to stay afloat.
Our NIFTY FUT subscribers had their first negative day after quite a time, we went short near 4778 levels and booked losses at 4793.This probably is the first negative sessions after a few weeks for us.Our technical studies anticipated the weakness to hold , but didn’t work our way..... 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 – 5th  June Trading Guide

NIFTY FUT managed to pull back and close above 4820 levels which will now emerge as the near term support. A breach of that will again test 4785-90 zone on the downside and below that the positional support of 4760 will be under threat. On the upside immediate resistance now comes at 4885-95 zones and sustaining above it will target 4920 levels where some serious resistance is expected to emerge.Yesterday’s pull back also meant that momentum indicators now point on the positive side in short term and until 4800 levels manage to hold bulls should feel safe for now.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4885-95  sustaining above which it will target 4905,4925,4953
POWERTRADE TREND DECIDER OF THE DAY ------- 4815-20
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4785-90

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----  4760, 4745,4725, 4700
Detailed analysis also posted at www.powertrades.blogspot.com

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