REVIEW OF 27th Aug 2012 AND UPDATE FOR 28th Aug 2012

NIFTY FUTURE – 27^th     Aug  Recap

NIFTY FUT we mentioned that the TREND DECIDER OF the day is 5405, meaning that trading below this level market will favor the BEARS. Look at the morning high just around this level and since then failed to sustain this  and kept on drifting downwards for most part of the day. We had also mentioned that 5380 has to be keenly watched and a break of that will indicate further weakness. Look at the NIFTY FUT reaction, for the early half of the day it looked like taking support at these levels and showed some tendency to bounce back. But once that was broken NIFTY FUT quickly move downwards to test lower levels. The move for the past few sessions is the reasons why we have always mentioned that always one should follow the markets rather than predict where it will head. Follow it with support and resistances in mind. The correction that we have witnessed in Banknfity is way deeper than NIFTY. This is something we have also written in the past few sessions- where we wrote NIFTY doesn’t see much support from BankNiFTY.
In our Cues for trading Monday, we had advised traders to look for a breakdown trade which worked decently well today.

Much to the expectation our Advanced automated smartsignals went short way in advance at 10510 levels blasting away about 350 points of profits in a single trade. Realtime trading signals were posted at our Facebook page.

How to trade the coming sessions? Where is support expected to emerge? What levels can we initiate contrarian pull back trades?

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Our subscribers in NIFTY FUT short early in the session below 5400 levels and booked gains at 5381. Not much in in it. Star performer of the day was BankNiFTY future traders, where we asked traders to add shorts below 10330 levels and booked huge gains all the way till  10190 levels. giving us two massive day of gains in BakNifty Futures trading. Are you still worried about your trade entries? Are you missing on these turning points entries? How about looking at our points guaranteed services. …... Where to take the next trade? Did you catch the move in the right time?.... Are you still guessing where to trade? Subscribe to our premium calls and leave your trade entry and exit worries to us. 

NIFTY FUTURE – 28^th     Aug Trading Guide

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NIFTY FUT closed the session below the crucial 5375 mark; this will prove as an immediate hurdle going forward in the coming session. On the downside crucial positional support is at 5350 levels and a breach of that will mean the end of midterm long side momentum. Breaking that NIFTY FUT can potentially test 5325 levels where we expect some support to emerge for a technical bounce back. On the upside NIFTY FUT will only show a tendency to bounce back if it manages to trade above 5380 levels. Above that it will again attempt to take out 5405. Short term strong BULL RUN will only resume once NIFTY FUT takes out 5425 levels only.  For Now short term momentum remains in favor of shorts until at least that level is conquered.

 Cues for Trading on Tuesday: Look for short in rise till 5380 or use that as stops, Risky contrarian traders can target longs above 5380 levels with close stops. Also look for a breakdown short below 5350

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5420-25  sustaining above which it will target 5455, 5478,5490
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, 5305,5285

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

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.