REVIEW OF 17th Aug 2012 AND UPDATE FOR 21st Aug 2012

NIFTY FUTURE – 17^th  Aug  Recap

NIFTY FUT we asked our reader friends to go long in sharp dips to 5350. Look at the market low made (5351). We also wrote that The BULLS LAST STAND POINT of the day is 5350. Markets found exact support there and pulled back smartly to close near 5380 levels. We also asked readers that shorts can be initiated below 5380. That trade too gave readers quick gains in minutes.
On the upside we had mentioned that trading above 5416 is important for the upmove to continue. Look at the NIFTY FUT levels in morning, Markets failed to have any sustained close above this level and pulled down to test the downside levels of the TREND DECIDER and below it crashed in no time to make an exact low above our support levels (BULLS LAST STAND POINT). What are the levels to watch out in the next trading session. What trade to take? Read on with our analysis for the upcoming session.

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Our  subscribers in NIFTY FUT went short below 5380 and booked gains all the way till 5357 in miuntes …... 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 – 21st  Aug Trading Guide

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NIFTY FUT, managed to test the lows of 5350 and pulled sharply to close just above 5380 levels. This will be critical to watch out for these levels. It will be critical to trade above 5375 for the upmove to resume or hold on. On the downside trading below this level will again test the support zone of 5350-55 and a crack of that will test the crucial positional support level of 5320.
On the upside trading above this level will again test 5405 and above that 5420-25 levels will be a crucial resistance level to watch of for. Near term breakout above this will test 5470 odd levels.
Immediate short term trend remains neutral to negative below 5405 level and mid term range will be negative below 5350 levels. On the upside bullish trend will resume above 5425 levels.

 Cues for Trading on Tuesday:  Go short below 5375 with tight stops above 5410 or if markets sustain above this levels look for longs with support levels at 5375. Also look for breakdown shorts below 5350 or break out longs above 5425 levels..

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5420-25   sustaining above which it will target 5455,5478
POWERTRADE TREND DECIDER OF THE DAY ------- 5375-80
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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