REVIEW OF 9th July 2012 AND UPDATE FOR 10th July 2012

NIFTY  FUTURE – 9^th  July Recap

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NIFTY FUT opened below our TREND DECIDER of the day and slid below to test our BULLS LAST STAND point of the day, where it found some support initially to give a pullback (Morning low made at 5293 exactly just at our BULLS LAST STAND point).  Once it failed to hold on to these levels markets fell below to test 5270 levels and lower to do our downside targets.

But still overall the range bound move continues for NIFTY FUT with the overall range remaining about 50 odd points barring the opening candle. We were hoping for a big downside move once 5270 was breached but markets tested it broke the levels and yet managed to pull back and close above it yet keeping the BULLS alive. Markets range and volumes still remain muted. This Range breakout will only happen for either a decisive move below 5270 or 5325 levels on the upside. Meanwhile the only thing we can write home about is the more time markets spend in a range the chances increase of a decisive move on either side of the range.

Our NIFTY FUT went short below 5270 levels as written in our blog, but after seeing a failed move decide to close the trades at 5282 levels.Our Stock Futures subscribers had a fantastic trade though going short in BHARTIAIRTEL below 320 and booking 5000 INR profits within hours per lot.... 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 – 10^th  July Trading Guide

NIFTY FUT closed managed to pull back and hold onto 5270 levels, This was a crucial immediate support, and should have been held. Also positional support still remains  at 5200 levels. While markets made a low below 5270 and still managed to pull back shows that the BULLS are holding more strength than the BEARS. Markets still remain range bound but there is some stock specific action on both sides.

Immediate support now comes at 5260-70 zones, while resistance now comes at 5305 and above that at 5325 levels. strong breakout can only be anticipated once NIFTY FUT manages to cross these levels with good volumes.

On the downside a breach of 5270 levels should again attempt to test 5250 levels on the downside and a breach below that shall test 5215 levels and lower. Short term momentum indicators are pointing downwards but at the same time are not over sold. Hence if 5305 levels are not breached on the upside BEARS should stay more in control.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5335-40 sustaining above which it will target 5355,5405,5435
POWERTRADE TREND DECIDER OF THE DAY ------- 5305-10
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 ---- 5225,5205,5185

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

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