NIFTY FUTURE – 8th June Recap
NIFTY FUT we wrote if it fails to sustain above 5035 levels will test 5005 and beyond that will touch 4980 levels. IN the morning session markets made an open high below 5030 and slid down all the way to 4980 and lower. A momentary breach of 4980 was seen and then a smart pull back to again test 5005 and once above it markets saw a significant short covering to break above 5030. Once it managed to touch and move above the BEARS LAST STAND point did attempt higher targets. Days like these at times becomes difficult to guage as technically a break of 4980 could had drifted it lower and on the higher side intra traders got little opportunity to enter longs as it was pretty late in the day. What we mostly saw was positional short covering once it gave a sustained move above 5030.
Our NIFTY FUT subscribers had a tough day at office going short below 4980 and once it surfaced above it after going in green we decided to exit the shorts near 4987. Though we thought that was a fair technical trade not all days it works out as it is. 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.
NIFTY FUTURE – 11th June Trading Guide
NIFTY FUT gave a very strong closing backed by some serious short covering and managed to close above 5055 which will now act as near term support as NIFTY attempts higher levels. While when now lot of analysts will have long view, let us go back to our 5th June Trading guide when market closed at 4850 on 4th June (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.) we were able to analyze the BULL move we in advance much before may trade analysts. From there the markets have rallied to nearly 4% in just few trading sessions.
NIFTY FUT now faces immediate resistance at 5100 levels and if managed to sustain above it will target 5125-35 levels where some more resistance may emerge. Now the 5030 zone will act as good support and positional players may also create longs in all dips to 5000 levels, holding strict stops near yesterday’s lows. A word of caution momentum indicators are highly overbought, so if the highs fail to hold some consolidation may be due in coming sessions if not right away tomorrow.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5100-05 sustaining above which it will target 5125,5140, 5175
POWERTRADE TREND DECIDER OF THE DAY ------- 5025-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------500-05
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----4985,4965,4925
Detailed analysis also posted at www.powertrades.blogspot.com
NIFTY FUT we wrote if it fails to sustain above 5035 levels will test 5005 and beyond that will touch 4980 levels. IN the morning session markets made an open high below 5030 and slid down all the way to 4980 and lower. A momentary breach of 4980 was seen and then a smart pull back to again test 5005 and once above it markets saw a significant short covering to break above 5030. Once it managed to touch and move above the BEARS LAST STAND point did attempt higher targets. Days like these at times becomes difficult to guage as technically a break of 4980 could had drifted it lower and on the higher side intra traders got little opportunity to enter longs as it was pretty late in the day. What we mostly saw was positional short covering once it gave a sustained move above 5030.
Our NIFTY FUT subscribers had a tough day at office going short below 4980 and once it surfaced above it after going in green we decided to exit the shorts near 4987. Though we thought that was a fair technical trade not all days it works out as it is. 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 – 11th June Trading Guide
NIFTY FUT gave a very strong closing backed by some serious short covering and managed to close above 5055 which will now act as near term support as NIFTY attempts higher levels. While when now lot of analysts will have long view, let us go back to our 5th June Trading guide when market closed at 4850 on 4th June (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.) we were able to analyze the BULL move we in advance much before may trade analysts. From there the markets have rallied to nearly 4% in just few trading sessions.
NIFTY FUT now faces immediate resistance at 5100 levels and if managed to sustain above it will target 5125-35 levels where some more resistance may emerge. Now the 5030 zone will act as good support and positional players may also create longs in all dips to 5000 levels, holding strict stops near yesterday’s lows. A word of caution momentum indicators are highly overbought, so if the highs fail to hold some consolidation may be due in coming sessions if not right away tomorrow.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5100-05 sustaining above which it will target 5125,5140, 5175
POWERTRADE TREND DECIDER OF THE DAY ------- 5025-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------500-05
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----4985,4965,4925
Detailed analysis also posted at www.powertrades.blogspot.com
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