REVIEW OF 12th Sep 2012 AND UPDATE FOR 13th Sep 2012

NIFTY FUTURE – 12^th   Sep Recap

NIFTY FUT our clear advice to all our readers was to look for long in dips or breakout. What a day it was markets traded in favor of long side players. Let us look at cues for the day—“: 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”   Look at the market reaction in the morning session when markets started moving above 5416 levels.  For most part of the day it was a range bound session giving little away for traders. On days like this the trading levels come very handy, markets managed to hold above both the BULLS LAST STAND point and in dips failed to break down the TREND DECIDER of the day indicating that long positions will be the flavor of the day.
Also review our levels once, as we have always written that the levels are not just resistance and support levels but are key turning points where market momentum/direction are likely to change. For example today’s BEARS LAST stand point was just marginally above yesterday close and not just resistance point. So the distance of the reference levels with respect to close varies and not a fixed ratio as pivots points.
Also our advice on swing longs based on the momentum indicator play worked well giving away massive gains for the swing players.
Our Longs in TCS rocked giving away 3700 INR profit per lot and the trade is still partly on. Lets see how it spans out. Live calls posted at our Facebook page.
NIFTY futures closed above 5450, next is what? We are testing the acid test levels again? Will we clear it? Read our post for next session?


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

NIFTY FUT traders went long above 5433 levels and just booked profits in time at close near 5450 levels in a range bound session.Going strong with all our stock call entries, lets for now. …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 – 13^th Sep Trading Guide

NIFTY FUT pulled back smartly from intra lows and managed to close very strong above 5450 levels. Immediate hurdle zone is 5455-75 levels and clearing that decisively will mean we have a big rally on cards in the coming months. It has to be watched out if this level of acid test can be taken out or not.  On the downside immediate support now emerges at 5420 levels and a breach of that will test 5400 levels. Strong support comes at 5375-80 levels and mid term indicators will continue to remain positive until this level is sustained.
On the upside if NIFTY FUT manages to move above 5475 levels(For swing traders it is important for this level to be cleared on a closing basis or atleast on a higher timeframe), next immediate hurdle comes at 5490  and above that we may see some hurdle at 5520 levels.
For now momentum indicators suggests that we may be good to clear the critical level this time at least on an intra basis if we manage to trade above yesterday’s highs, it has to be watched out if we clear it on a closing basis. Because if it does we are talking about long term Bullishness to emerge.
NIFTY FUT all momentum indicators continue on  positive territory and short term momentum indicator will continue to hold so until NIFTY FUT manages to trade above 5320 levels.
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Cues to trade this Thursday: look for long in dips to 5430 levels with stops at 5410, at the same time look for high risk breakout longs if NIFTY FUT moves above 5455 with tight stops of 20-25 points. In case on mid day basis we fail to clear 5455  look for 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 -----5457-62  sustaining above which it will target 5475,5490,5521
POWERTRADE TREND DECIDER OF THE DAY ------- 5420-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5375-80
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5360,5335,5315

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

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