REVIEW OF 9th Aug 2012 AND UPDATE FOR 10th Aug 2012

NIFTY FUTURE – 9^th  Aug  Recap

NIFTY FUT we wrote that the BEARS LAST stand point of the day is 5372 and the TREND DECIDER is 5325 levels. At the same time we advised traders to initiate contrarian shorts in case markets manage to stay within this range.NIFTY FUT during the course of mid day failed to sustain the highs above our BEARS LAST stand point and moved downwards  to make a low above the TREND DECIDER giving possibly the only trading opportunity in yet another with a range of 50 odd points only. In a day like this the strategy we wrote to take contrarian shorts  works out well with a lower risk ratio.

Our NIFTY FUT subscriber went short below 5372 and closed the day near 5357. But the trade of the day was this time with our BANKNIFTY FUT traders, they went short below 10600 and booked profits all the way till 10505 levels making it a massive day of gains.......... 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 – 10^th   Aug Trading Guide

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NIFTY FUT closed below the 5366 range and this again becomes the immediate hurdle for now.A convicing move above this will test 5390 levels and above that serious resistance now comes at 5410. Positional Longs will again emerge out once NIFTY FUT manages to close above that level. 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 midterm 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 negative to neutral until NIFTY FUT trades below 5366 levels for now.

Cues for Trading Today: Go short below 5320 or long breakout above 5375.Risky shorts below 5360 levels with strict small stops may also work well. 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 -----5370-75 sustaining above which it will target 5390,5410,5435
POWERTRADE TREND DECIDER OF THE DAY ------- 5322-27
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

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