REVIEW OF 27th July 2012 AND UPDATE FOR 30th July 2012

NIFTY  FUTURE – 26^th  July Recap

NIFTY FUT  let see how the day started and spanned out, a strong massive gap up after a big down day.we had written in the last few sessions, that levels to watch out are 5125,5155 and 5175-80 levels. This was an upside targets in a recent few posts. Look at market reaction, open high just below 5155 then took support near 5125 levels and smartly pulled back to do an exact high just at our 5175-5180 zones. Where markets failed to sustain enough buying power and pulled down. We had written in last few sessions that on the downside 5095 is the key, this was also our breakdown level marked on Wednesday and Thursday. We also mentioned that the BEARS LAST STAND POINT was 5095. Look at the market low created before it managed to give a smart pull back(Low made 5095.5). it couldn’t have got any closer :).

Our NIFTY FUT traders had a near perfect day going long near 5140 and booking profits at 5175 just as mentioned in our blogs and no rocket science. Our BANKNIFTY FUT subscribers again made loads of profit going....... 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 – 30^th   July Trading Guide

NIFTY FUT completely managed to reverse the trend breakdown created the day before and pulled back smartly to again close at the congestion zone of 5100-5150 levels.  This zone is a crucial zone where long term positional breakouts or downs are created. A movement above or below this zone has always resulted in strong drifts in the past year or so. NIFTY FUT managed to close at 5130 levels. Immediate support again now reemerges at 5105-5095 levels and a breach of that can again lead to trend reversal. On the upside there are multiple hurdles near 5155 levels and above that at 5175 odd levels. Moving above that NIFTY FUT will tgt 5200 levels and only a decisive move above 5205 can take it higher. Remember we had a sharp fall in the daily charts from the highs near 5400 and each hurdle has not been easy to cross so far. Below 5095 downside levels of 5060 and below it 5030 odd levels can be tested. This can prove to be a good accumulation zone for now.

Meanwhile from an intraday perspective ideally we can play contrarian trades with the broader range of 5095-5175 in view. In between levels are 5125 and 5155.Also look for breakout/down trades beyond this range.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5175-5180  sustaining above which it will target 5200,5230,5265
POWERTRADE TREND DECIDER OF THE DAY ------- 5120-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5095-5105
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ----5065,5035,4990
Detailed analysis also posted at www.powertrades.blogspot.com

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