REVIEW OF 5th June 2012 AND UPDATE FOR 6th June 2012

NIFTY  FUTURE – 5^th  June  Recap

NIFTY FUT we mentioned “upside immediate resistance now comes at 4885”  check the high made before markets pulled down (high made near 4879). We also mentioned that the TREND DECIDER OF the day is 4820, check the low made again before markets managed to pull back to close near 4850 levels. We also marked that as the downside support.  In the morning session NIFTY FUT held on above 4850 levels and pulled to test our resistance zone , from there we witnessed a downside movement, clearly showing that BULLS are still very much on fringes until we take out 4920 levels. Hope the readers of our blog capitalized on either of the moves, upside in the morning session or a downside move to test our support levels.

Our NIFTY FUT subscribers went long early in the morning session near 4850 and booked profits in time at 4875 levels. What was your trade today? 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 – 6^th  June Trading Guide

NIFTY FUT took support near 4820 levels and managed to close near 4850, hence 4820 will again emerge as the short term support. On the upside resistance comes at 4880 levels which will prove as a serious test now.  On the downside any breach of 4820 will propel NIFTY FUT lower to test 4780 zones. Momentum indicators didn’t leave upto the upward direction move and looking to consolidate, hence until a break of this trading range should point to a good move, while its better to look for contrarian trades within this range with strict stops.



POWERTRADE BEARS LAST STAND POINT OF THE DAY -----4880-85  sustaining above which it will target 4905,4925,4953
POWERTRADE TREND DECIDER OF THE DAY ------- 4850-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------4815-20

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 4790, 4760, 4745,4725, 4700
Detailed analysis also posted at www.powertrades.blogspot.com

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