REVIEW OF 11th July 2012 AND UPDATE FOR 12th July 2012

NIFTY  FUTURE – 11^th  July Recap
NIFTY FUT yet another usual session J The total trading range keeping restricted to just about 40 odd points. Making it very difficult to take any intraday trades. Let us see what we wrote. We wrote that- “What needs to be watched in 11^th July sessions is if NIFTY FUT manages to hold on above 5355”  and during the intraday sessions markets made a high just below that  (5352) failed to sustain above it and fell to make a low below our TREND DECIDER of the day. But just managed to hold on to 5300 levels. Markets volumes were again muted with about 25% less volumes compared to yesterday. NIFTY FUT created an inside candle today. Hence the lows and highs will be important.

Our NIFTY FUT  had a dull day today. They went long at 5335 levels and failing to see any sustained upmove decided to close the trade at 5326. Our successful stock calls included a long trade in ABAN where we booked 2% profits...... 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 – 12^th  July Trading Guide

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NIFTY FUT as observed created an inside candle on the 11^th and hence the highs lows created will prove crucial. More so as we marked that crossing of 5355-60 zones will prove decisive. NIFTY FUT now faces immediate resistance at 5355 levels. Also support now emerges at 5310. Since the trading range created is small it is advisable to only initiate trades on the break out of this range. Short traders should wait for decisive break of 5290 only. Momentum indicators remain positive until 5300 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 -----5355-60 sustaining above which it will target 5405,5435,5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5310-15
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5290-95
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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