REVIEW OF 20th July 2012 AND UPDATE FOR 23rd July 2012

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NIFTY FUTURE – 20^th July Recap

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NIFTY FUT we mentioned that the upward bias is only intact above 5230 levels only. Look at market reaction once NIFTY FUT opened below 5250 and drifted below 5230 levels. As written it went down to test exactly around 5200 levels. Where market found some support. We had clearly mentioned that these are the positional support levels and this level will be difficult to crack. Markets rebound from those levels to close below 5230. NIFTY FUT range again remained very less giving little for most intra players. Market volumes and range for this entire month has been a major concern. Lets also review how are levels worked. TREND DECIDER of the day given at 5235. Barring the open move, high made below that level. We wrote BULLS LAST STAND POINT OF THE DAY------5200.Markets just made a low above it to pull back and close near 5220

Our NIFTY FUT traders didn’t take any trade today. But our BANKNIFTY FUT traders again had a terrific day. Traders went short below 10560 and booked quick gains till 10500 levels...... 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.

NIFTY FUTURE – 23^rd July Trading Guide

NIFTY FUT tested the support zone of 5200 again and managed to pull back and close above it. NIFTY FUT now faces immediate resistance again at 5235-40 levels and trading above this will attempt the tough resistance zone of 5275 all over again. On the downside positional support levels of 5175-5200 will prove to be the key for the medium term upmove to remain intact.

Volumes remain a concern and markets will really break out of this range once it manages to move above 5275 convincingly or breaks 5175 on the downside. Upward bias will only resume if NIFTY FUT manages to surface above 5335 but breakout longs can only be taken above 5275 levels. Till that time avoid trading in a small range or risky traders may attempt contrarian pull back trades.

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 -----5270-75 sustaining above which it will target 5305,5325,5355
POWERTRADE TREND DECIDER OF THE DAY ------- 5235-40
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5195-5200
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5179, 5155,5135

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

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