REVIEW OF 10th Sep 2012 AND UPDATE FOR 11th Sep 2012

NIFTY FUTURE – 10^th   Sep Recap

NIFTY FUT we had written that the levels of 5375-80 are the BEARS LAST STAND point and also at the same time we mentioned that this zone is crucial to watch out for in this session. Today Markets made top just around this level but failed to clear them and eventually dipped downwards to find support exactly above 5350 levels. We had clearly written that positive mid term momentum will hold until NIFTY FUT trades above this level. NIFTY FUT found some support there and managed to pull back well again to test 5380 levels and but close below it. Volumes remained muted signifying that markets are not finding much triggers as of now to take out the levels.
We had written clearly as part of our trading cues again to look for longs in dips as well we had advised risky traders to go short in case the top are not sustained during themed day session. That’s exactly what happened when market failing to hold above 5375-80 levels dipped downwards and just pulled back from our mentioned support zones to offer probably the only two small trading opportunities during a mostly dull session.

Markets have managed to hold onto 5350 levels today, will this prove crucial. What are the levels beyond which we can expect upside momentum to resume? Where should we take the next trade? Read our trading guide for next session.
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NIFTY FUTURE – 11^th Sep Trading Guide

NIFTY FUT tested the support zone of 5355 levels and managed to pull back and close marginally above those levels. NIFTY FUT will find some intermediate support at 5350 levels and if manages to hold above it will again test 5375-80 levels on the upside. On the downside a breach of 5350 levels will mean NIFTY FUT will try to test 5320-25 where we should some intermediate support coming in. Crucial mid term support now emerges at 5280-85 levels and this level will have to be watched out carefully to confirm that the markets stay on the upside.
We had been able to correctly predict the swing lows and highs in the past two occasions. Once when we wrote on mid-august that 5475 level is the crucial BULL level for break out markets will correct (Eventually NIFTY FUT high made was 5462 and from there markets corrected) We also wrote that 5240-50 levels are crucial support levels and long term upmove is intact above that level (Markets again just made a low there and have pulled back significantly from those levels). Why this was important because both these analysis came at a time when market sentiment was just contrarian and all analysts were asking just to otherwise. We hope and believe all our readers benefited from these levels.
In near term NIFTY FUT will continue to remain in a congestion zone until it breaks beyond any of these trading levels of 5320 on the downside and 5380 on the upside and contrarian trades will be the flavor of the day.

Now short term momentum indicator remains neutral and mid term indicators also hold positive now until 5280-85 levels are held.

Cues to trade this Tuesday:Look for short trades below 5350 levels  also at the same time traders favoring longs look for long trades in dips to 5320-30 zones with 20-25 points stops. Swing players can look for long positions in dips to 5300-20 levels or on clear breakout of 5380 levels.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5375-80 sustaining above which it will target 5395,5416, 5445
POWERTRADE TREND DECIDER OF THE DAY ------- 5350-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5320-25
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5305,52855265

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.