REVIEW OF 10th July 2012 AND UPDATE FOR 11th July 2012

NIFTY  FUTURE – 10^th  July Recap

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NIFTY FUT we wrote that BULLS are in greater control compared to the BEARS and our call was justified on NIFTY. We also wrote that- “resistance now comes at 5305 and above that at 5325 levels. strong breakout can only be anticipated once NIFTY FUT manages to cross these levels with good volumes.”  And look at the market reaction once 5305 was crossed and the strong movement above 5325 levels.

We clearly pointed that our TREND DECIDER of the day is 5305 and trading above which it can attempt 5325. Also our BEARS last stand point was mentioned as 5335 and above that the target given was 5355. This was where the market upmove paused during the closing stages. While the volumes are still not very high, this was the highest recorded in the last 7 trading sessions. Hence a follow up movement will be crucial. What to expect next.. read on our analysis for 11^th July.

Our NIFTY FUT had a terrific day went long above 5305 and finally booked profits near 5350 levels as exactly written on our blog, Our other rocking trade was on BANKNIFTY, where traders booked more than 100 points of profit. Successful stock calls included longs on ICICIBANK and HDFC.. traders nearly made 2% profits in single trade..... 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 – 11^th  July Trading Guide

NIFTY FUT finally managed to breakout of the congested trading range and also gave the first strong move after a few continuous days of range bound sessions. yesterday market created a higher range finally giving good opportunity for traders. NIFTY FUT managed to break out of the congestion zone and more importantly managed to close above 5350 levels. This was a critical resistance to watch out for quite some time. What needs to be watched in 11^th July sessions is if NIFTY FUT manages to hold on above 5355. If that does 5400 is on the cards in coming sessions. On the downside immediate support now emerges at 5325 and a breach of that will attempt 5295 levels all over again. Momentum indicators have turned on the buy side and look set for some more upmove if 5325 levels manage to hold.

The levels to watch out has changed, please note these are not pivot points. These are trading levels where we believe market momentum is in inflection points and are meant to provide guidance to traders.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5360-65 sustaining above which it will target 5405,5435,5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5320-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5295-5300
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5275,5255,5225

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

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