REVIEW OF 11th Sep 2012 AND UPDATE FOR 12th Sep 2012

NIFTY FUTURE – 11^th   Sep Recap

NIFTY FUT what a terrific day with our levels and the cues for the day we wrote “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”  and what a trade that was market opened gap down just  above the 5335 levels and pulled back smartly first to test 5355 levels ( Our TREND DECIDER of the day) and look at the market reaction once that level was cleared. Also let us look at the impact the BEARS LAST STAND point carries, ( we had identified this level as 5380 and it was all BULLS once this level was cleared.
Hope all our dear readers who had spend some time on the analysis for the day had minted huge gains. Also read the impact analysis of our momentum indicators we had been maintaining that the mid term and long term momentum indicators are on the long side until 5280 levels are holding. Our swing long positions were again justified based on that analysis.
We had a terrific run with all our stocks calls as well stock calls were posted live.
Successful calls include TATAMOTORS,INFY_F1,RELCAPITAL_F1,ICICIBANK all blasted to give away massive gains.

Stock Calls posted live at our facebook page : www.facebook.com/powertrade.trading
 

NIFTY FUT traders went long above 5365 levels to book massive gains till 5398. We had a double blast in Banknifty futures, first booking our BTST shorts at 10045 and then again taking intra longs above 10065 and booking all the way till 10145 levels. …Looking for decisive trade entries?.. Are you still worried about your trade entries? Are you missing on these turning points entries? How about looking at our points guaranteed services. …... Where to take the next trade? Did you catch the move in the right time?.... Are you still guessing where to trade? Subscribe to our premium calls and leave your trade entry and exit worries to us. 

NIFTY FUTURE – 12^th Sep Trading Guide

NIFTY FUT pulled back smartly and managed to close above the 5400 levels after a very long time. This break out and close is extremely crucial and should favor the BULLS now until on a swing the swing levels of 5320 manages to hold on. NIFTY FUT now faces immediate resistance at 5416 levels and if manages to hold on above that level will again go on to test 5453 levels on the upside. On the downside now immediate support comes at 5375 levels and a breach of that can see a quick test of 5355, where we expect support to emerge out.
NIFTY FUT all momentum indicators are now on positive territory and short term momentum indicator will continue to hold so until NIFTY FUT manages to trade above 5375 levels.
For all those who want to delve a little deeper into technical analysis and love Elliot waves, just go back to the charts posted a few days back. NIFTY spot levels were facing resistance at the top of the 4^th wave , pulled down to test the 50% retracement and then found some support and pulled back smartly to take out those levels. Just wanted to mention that as this was a beautiful technical formation and nice to observe. We will post a charts on them sometime soon.
Cues to trade this Wednesday: Look for longs in dips to 5375-85 levels with stops around 5355 levels. Also risky traders can look for long break outs above 5416. Also shorts can be taken in rise  to 5455 levels with stops above 5475. But look to see if markets are facing resistance there.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5415-20 sustaining above which it will target 5435,5453,5475
POWERTRADE TREND DECIDER OF THE DAY ------- 5275-80
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5350-55
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5335,5315,5285

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

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