REVIEW OF 4th July 2012 AND UPDATE FOR 5th July 2012

NIFTY  FUTURE – 4^th  July Recap

NIFTY FUT traded range bound for the third consecutive day in a row now after a big move and all this has also witnessed abysmally low volumes for the past 3 days. NIFTY FUT has just traded within a 60 points or so range for the past 3 days. Days like this don’t give much of an opportunity to day traders, but rather test their patience hard. One of the options is to either wait for a break of this range or if trading within this range keep a low volume and higher stops to avoid hitting SL’s within a range. Also one must remember that out of these dull

Our NIFTY FUT managed a good session today despite a range bound move, Traders went long near 5307 and booked profits at 5326. Quite a decent achievement by us given the strict range bound moves. 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 – 05^th  July Trading Guide

NIFTY FUT pretty much traded within the same range and created an even smaller candle than yesterday and with very low average volumes for the past 3 trading sessions.  Now a break of this range will signal the next round of moves for the market. Resistance remains 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. Three new highs were made in 5325-30 range in the last 3 trading sessions and this will prove crucial, also in the medium term run unitl markets manage to hold onto 5250 levels.

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

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

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