REVIEW OF 8th Aug 2012 AND UPDATE FOR 9th Aug 2012

NIFTY FUTURE – 8^th  Aug  Recap

NIFTY FUT we wrote that the BEARS LAST stand point of the day is 5365 means trading above that BEARS will have little chance. Look at market reaction once that level was crossed convincingly markets went up to attempt the higher levels near 5400. We mentioned that 5410 is also a critical hurdle and closing above it will only confirm positional BULLS to sustain. Markets for now respected that resistance and corrected to close below 5365 again.
Our trading cues for yesterday was very clear, we asked readers to create long in dips with support at 5320 and also long in breakout of 5365, both the trading ideas yielded good returns.

Our NIFTY FUT subscriber had a great day again going long near 5350 levels and bookings gains till 5380. Our Stock calls too blasted yielding good returns. Our Banknifty subscribers had an interesting double whipsaw day making it the first major hit in a good long time though......... 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 – 9^th   Aug Trading Guide

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NIFTY FUT again faces resistance at 5365 and above that at 5385 If manages to cross above it will attempt 5410 levels and higher. On the downside support now comes at 5320 levels which will be critical to watch out. A breach of that and markets can drift to 5300 levels and lower. Crucial support position ally for mid term comes at 5280 odd levels. This is not only the gap that was created on the 6^th but also is almost the 50% retracement level of the recent upswing and has to be watched out for. A breach of that and NIFTY FUT should some weakness to 5255 odd levels. Short term momentum indicators are neutral in this zone of 5320-5365 levels.

Cues for Trading Today: Go short below 5320 or long breakout above 5367. Also one may initiate contrarian trades between the range of 5320-67 in case markets stay range bound.
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 -----5367-72 sustaining above which it will target 5385,5410,5435
POWERTRADE TREND DECIDER OF THE DAY ------- 5320-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY-------5275-80
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5245,5230

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.