REVIEW OF 3rd Aug 2012 AND UPDATE FOR 6th Aug 2012

NIFTY FUTURE – 3^rd Aug  Recap

NIFTY FUT just let us review first two key things we wrote. 1. That the BULLS LAST STAND point the day is 5185, we also wrote that “expect support to come at 5175-80” and markets bounced back from just about that level. 2. Not only on Friday but even before we had clearly mentioned that longs can be taken in dips. Our call was clearly justified with the market reaction on Friday. Markets marked a low near 5180 and bounced back sharply to surprise us all.  We had also written that for risky traders break of Thursday’s range can be an opportunity to go short. Morning high was made below that level and markets corrected from there to test our support zone of 5175-80 and pulled back. Both the trading guidance was bank on with the levels. Our guess is an aggressive trader following the blog would had minted money both ways. What was our realtime trading reco. Read on?

Our NIFTY FUT went long above 5203 levels and booked smart gains till 5230 levels, where we had marked the resistances. Also in the morning session our BANKNIFTY Subscribers went short below 10350 and booked massive gains till 10265 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 – 6^th  Aug Trading Guide

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NIFTY FUT managed to pull back smartly and close a shade below the previously marked resistance level of 5255. We had clearly mentioned that the short term and midterm trend remains positive and despite not so encouraging cues markets managed to stage a smart pull back. NIFTY FUT now faces immediate hurdle at 5255 and sustaining above it will target the 5265-80 zones and beyond that NIFTY FUT may look to fill in the gap of 12^th July. NIFTY FUT will try to attempt 5320 levels. On the downside immediate support emerges at 5230 levels and any trade below it will again test 5205 and lower levels.  Short term trend will remain bullish above 5230 and consolidate below it. Midterm trend now remains positive above 5180 levels.

Cues to trade on Monday: Our initial thoughts are look for a breakout trade. Risky traders can look to initiate longs immediately above 5255 levels while safe traders can look for a clear break out of 5280 or wait for dips to initiate longs. On the upside we should be cautious to see if the levels of 5280 are taken out, also its advisable to trade with tight stops in case a breakout trade is initiated.  
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 -----5255-65 sustaining above which it will target 5290,5320,5355
POWERTRADE TREND DECIDER OF THE DAY ------- 5225-30
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5180-85
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5155, 5135

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.