NIFTY FUTURE – 3rd July Recap
NIFTY
FUT yet again had another range bound day trading within a 30 point range for
most part of the day and entire day’s range restricted to 60 points overall.
Range bound days are difficult to trade specially when new highs or lows are
plotted. That’s what happened today. But as a trader one needs to avoid both
over trading and at the same time take all trades as they com based on your
trading rules. Its only then one will be able to catch a move when it really
happens.NIFTY FUT even on a day like this still traded within our levels. we
wrote BEARS LAST STAND is 5330 ( High made just there). We also wrote that the
TREND DECIDER of the day is 5275 ( Low made again just there at 5271)
Our NIFTY FUT traders had
their first stop in last 8 days of trading went long near 5330 and closed the
trades at 5305. 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
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NIFTY FUTURE – 04th July Trading Guide
NIFTY FUT managed to pull back from the lows and yet
again close near 5300. But still NIFTY FUT is playing within this new range
now. Resistance will come at 5330 levels and support at 5269 only a breach of
that will create a new trading range. Immediate support now emerges at 5270
levels and any breach of that should see a quick test of 5250, where some
support is expected to emerge. Two new highs were made in 5325-30 range in the
last trading day and this will prove crucial, also in the medium term run unitl
markets manage to hold onto 5250 levels positionally we expect 5400 can be
tested in the coming sessions.POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5325-30 sustaining above which it will target 5355.5375,5405,5455
POWERTRADE TREND DECIDER OF THE DAY ------- 5270-75
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5250-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5220,5205,5185
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