REVIEW OF 2nd Aug 2012 AND UPDATE FOR 3rd Aug 2012

NIFTY FUTURE – 2^nd Aug  Recap

NIFTY FUT We mentioned that the 5225-30 range will be the TREND DECIDER of the day and markets hovered around this range for most part of the day giving little away again for intra day traders. NIFTY FUT marked a low near this range and at the same time failed to move above the 5255 zone convincingly. The entire trading range was constricted. This is the second consecutive day within a small range and hence this range has to be watched out carefully. How to take the trade tomorrow? Read on

Our NIFTY FUT traders didn’t take any trade today. Our BANKNIFTY FUT subscribers had their first whipsaw in about a week  or more where we had a minor hit of 25 od points........ 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 – 3^rd Aug Trading Guide

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NIFTY FUT had another tough range bound trading session for the NIFTY FUT traders. This is reminiscent of the last series where we had a series of short range sessions giving little away for the Intra players. NIFTY FUT marginally closed above 5230 levels and until this holds we should see markets moving up up. On the downside if NIFTY FUT manages to breach this support zone then market may test 5205 and lower levels of 5185 on the downside. Expert some support to come in at this range of 5175-85. A Breach of this will turn the immediate trend to bearish.
On the upside if NIFTY FUT manages to move above 5270 levels should see some serious long build up to test 5300 levels and higher.
How to trade this range: Since the trading range is very short avoid trading in this range created today and advice is to create a breakout long or breakdown short at the crack of this range. Also  longs can be tried in sharp dips to support zones mentioned.
At the time of writing this post US markets  have been trading quite almost 1.2 % down, not inspired by ECB chairman’s action for only conditional move to tackle Europe debt crisis.
Please note these are not just pivot points. These are trading levels where we believe market momentum is in inflection points and are meant to provide guidance to traders.


POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5270-75 sustaining above which it will target 5290,5320,5360
POWERTRADE TREND DECIDER OF THE DAY ------- 5225-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5185-90
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5155,5135,5115

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

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