REVIEW OF 25th July 2012 AND UPDATE FOR 26th July 2012

NIFTY  FUTURE – 25^th  July Recap

NIFTY FUT had a kind of a whipsaw day thanks partly to mixed global cues and also to the expiry tomorrow. Few sessions back we wrote that there is a good build up of options to support 5100 levels to hold. NIFTY FUT broke the crucial support zone of 5095 but made a lower low and managed to pull back smartly above 5100 levels to close. We had written that there is are multiple medium term support levels at 5050-60 levels. we expected markets to test that level but it pulled back earlier. On the upside markets failed to test 5135 levels and close in a mixed range.

We mentioned that he support levels of 5100 is crucial to watch out for. NIFTY FUT made a low just above it. We also mentioned that holding these levels will test 5135 and if it manages to trade above 5135 will attempt 5155 levels. Look at the market reaction during the day session. Once it tested the lows of the day NIFTY FUT pulled back to test 5135 and beyond that made a high just below our levels (High made 5152).  Again our levels worked like magic for our traders.

 Our NIFTY FUT traders had a busy day today, first they went short below 5095 and missed our tgt of 5075 by 3 points. Then they again went long near 5100 to book profits in time near 5120 levels. Our BankNifty futures subscribers went short below 10305 booking nice gains near 10250 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. 

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NIFTY FUTURE – 26^th   July Trading Guide

NIFTY FUT closed in a range between 5100-5135 levels suggesting nothing conclusive for traders. Options data too suggest that markets are likely to expire between 5100-5200 range until a significant movement happens. For intra traders, NIFTY FUT faces immediate resistance at 5135 levels and trading above that will attempt 5155 and beyond. On the downside support emerges at 5095 and below that there is support band at 5065-75 range. So how to play this day. Ideally being expiry day we should trade in short bursts and book profits quickly. Also contrian pull back trades might be the flavor of the day until markets break out of the band of 5095 on the lower side and 5155 on the upper side.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5130-35 sustaining above which it will target 5155, 5175,5195
POWERTRADE TREND DECIDER OF THE DAY ------- 5090-95
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5070-75
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5060, 5045, 5105
Detailed analysis also posted at www.powertrades.blogspot.com

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