REVIEW OF 14th Aug 2012 AND UPDATE FOR 16th Aug 2012

NIFTY FUTURE – 14^th  Aug  Recap

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NIFTY FUT we mentioned that downside support is at 5355 and look where the market low was made (Low Made during mid day session 5355.55). We also mentioned that immediate resistance is at 5385 and above that NIFTY FUT will attempt 5410 levels. Look at the market reaction again when that level was taken out. We clearly asked all our readers to create longs in breakout of 5385 or in dips with 5325 as the stoploss and both these trades worked like magic again. This is pure simple technical analysis and no rocket science prediction. One just needs to follow price movements and take trades accordingly without going too much into a predicting mode.
What are the trading levels to watch out for next day? Where to take the trades?

Our NIFTY FUT subscriber had a blast today going long at 5360 levels and booked profits all the way till 5410 as exactly written in our blog. The rockstar of the day was BankNifty Futures where longs were taken  near 10460 levels and final profits booked all the way till 10580 odd 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. 

NIFTY FUTURE – 16^th   Aug Trading Guide

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NIFTY FUT we mentioned the previous day that  we may soon see 5470 odd levels in the coming sessions if the support levels mentioned are respected. Markets broke out and got closer to our target zones. NIFTY FUT gave one the highest close in months. On the upside now immediate resistance comes at 5416 and if manages to trade above it will attempt 54555 levels with intermediate resistance at 5435 levels. On the downside immediate support now comes at 5380 and a breach of that will test 5355 levels again. Crucial positional support continues to remain at 5320. Hence longs can be created in dips for swing traders with stops near that zone.  Both midterm and short term trend remains bullish now above 5350 level. Markets may stay range bound until NIFTY FUT now clears either of these levels of 5350 on the downside and 5416 on the upside.
Cues for Trading on Thursday: Don’t expect much action within this range. Safe traders can create longs in dips to 5380 with stops near 5350 levels. On the upside a break out of 5416 will fuel further BULL momentum to attempt 5455 levels.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5415-20   sustaining above which it will target 5430,5455,5478
POWERTRADE TREND DECIDER OF THE DAY ------- 5380-85
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5350-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5325,5300,5190

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

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