REVIEW OF 13th July 2012 AND UPDATE FOR 16th July 2012

NIFTY  FUTURE – 13^th  July Recap

NIFTY FUT we mentioned that faces immediate resistance at 5273 levels and only trading above it will attempt 5300 levels and higher. Look at the spike high made (5276). NIFTY FUT failed to manage a single close above 5273 levels and crashed to make an exact low  again at our marked level of 5228.  NIFTY FUT traded in a minor range for a good part of the day and gave a good move once 5250 levels was breached. Markets volume again stayed muted clocking just 50% of the volumes marked yesterday.

Our NIFTY FUT traders went long near  short below 5250 and booked instant 20 odd points profits in no time. At the same time our BANKNIFTY subscribers also went short below 10660 and booked profits near 10610...... 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 – 16^th  July Trading Guide

NIFTY FUT now faces immediate resistance at 5255 and trading above which will test 5275 and above that 5300 and higher levels are on the cards. On the downside any breach of 5227 will test 5200 levels. This 5180-5200 is a crucial support zone. Medium term trend remains positive until this level manages to hold. While at the same time short term trend remains negative until it manages a close above 5300 levels.  So this implies that until NIFTY FUT trades within this 5230-5300 zones markets are likely to remain choppy and one should look for long trades in extreme dips to 5200 levels or short at higher levels keeping reversal trades above 5300 in mind.

Please note these are not just 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 -----5300-05  sustaining above which it will target 5325,5355,5380,5405
POWERTRADE TREND DECIDER OF THE DAY ------- 5270-75
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5205-10
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5185,5155,5135
Detailed analysis also posted at www.powertrades.blogspot.com

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