REVIEW OF 13th Sep 2012 AND UPDATE FOR 14th Sep 2012

NIFTY FUTURE – 13^th   Sep Recap

NIFTY FUT traded in a narrow 20 point range for most part of the day. This may be primarily on the fact that smart money prefers to wait to see the impact of  big events scheduled from US to decide the next course of action for the markets.  While there is nothing significant to write home about there is one important lesson to take home today. How do we decide that the session is range bound and how to avoid such sessions?
One of the simplest handy indicators is our trading levels. Look at NIFTY FUT today, it just traded between two levels today ( The TREND DECIDER and the BEARS LAST stand point) which are merely 30 odd points apart. When markets are just trading between two levels within a small range this will act as a good guidance to avoid un necessary trades within a range and wait for the range to break out on either side.
Again our levels worked today pretty well. We wrote that the BEARS LAST stand point of the day is 5457 and markets topped out just below it (High made near 5455) and then dipped down, being a range bound day markets couldn’t even test the TREND DECIDER and held on to pull back.

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Markets closed around 5450 levels, at a crucial inflection point? What to expect next what are the levels of a clear breakout or breakdown now? Read our post for the next session.

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NIFTY FUT created longs above 5438 levels and closed them around 5452 with no movement for most part of the session. BankNifty Futures went long above 10230 and booked part in time around 10275 and got stopped out for the remaining quantity. …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 – 14^th Sep Trading Guide

NIFTY FUT closed around the 5450 levels just below the crucial inflection point for the NIFTY levels. This is the point where either markets may mark a double top or break out. For now the momentum indicators support an upside move but at the same time the events awaiting are so heavy that they can have a huge impact on the global markets. NIFTY spot almost made an exact top as the previous levels while the futures made a top shade below those levels. Currently a clear break out will be confirmed if NIFTY FUT manages to move above 5475 on a sustained basis.  Immediate support now comes at 5420-25 levels again. Swing support or mdi term support comes at 5280-5300 levels and this is the level that has to be watched out for. Until this level is sustained on a short term basis the upside bias is intact. We should be holding this level as the key level to watch out for.
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.
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Cues to trade this Friday:  Clearly look for a breakout trade above 5465 levels and a breakdown trade below 5425 for short term intra traders. avoid trading in the range. For swing traders if the news impact is not significant lookf or pull back trades on dips with stops at 5375 levels.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5460-65 sustaining above which it will target 5475,5490,5521
POWERTRADE TREND DECIDER OF THE DAY ------- 5425-30
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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