REVIEW OF 14th Sep 2012 AND UPDATE FOR 17th Sep 2012

NIFTY FUTURE – 14^th   Sep Recap

NIFTY FUT we had been writing for the past few sessions that the momentum indicators are showing a positive bias and chances are markets will break out. We had also correctly predicted the intermediate bottom at 5240 levels and had advised all swing players following our blog to create longs and trade for the upside.
On Friday aided by global cues and the QE3 announcement impact markets gapped up and cleared the trading range that had been holding it back. As part of the cues for trade too we had written that clearly look for a breakout trade. Even after the gap up the breakout trade worked great for our traders and readers and they managed to book handsome gains intraday too.
Nifty fut opened gap up above our target level of 5520. Let us just analyze how does an intraday trader take this day. First thing is to see whether 5520 is held with the gap up or not ( This will confirm if the trend created on gap up can be sustained. Look at the morning low, it was created at 5530. Above the resistance levels, which will now act as a support, so for intraday traders look to go long with stops around 5520 and book at higher levels. That was the same advice given to our subscribers.
But the star trade of the day was the jackpot trade given to our overnight subscribers and a snapshot of it with time stamp has been posted at our facebook page and below.
They were advised to create overnight longs in 5500 CE at 37 which they booked at 85 levels on Friday and overnight Banknifty fut longs at 10220 which they booked at 10560 levels. Another reason why we wanted to mention it, is one needs to be very prudent and clear about money management rules to trade jackpot calls.
These are mostly make or break calls and returns can be many times over, but at the same time no traders should risk more than a little share of his trading capital for these positions.
Also we have seen a terrific run and performance with our stock calls, which have yielded massive gains for our followers on facebook. Credit to the advanced automated signals.

Powertrade Jackpot call given to subscriber- with proper timestamp

# Jackpot calls are given free to our premium subscribers


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

NIFTY FUT intraday longs were created above 5540 with stops at 5520 and booked profits all the way till 5570 levels. For Banknifty futures we created longs above 10540 and booked good gains till 10630 levels. Making it a big day of gains for our traders. Other than the overnight massive gains …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 – 17^th Sep Trading Guide

NIFTY FUT made a high below 5600  and closed around 5570 after a massive day of gains. Immediate resistance now comes at 5600 levels which is both a psychological figure and at the same time a retracement level of the entire upswing that we had from  5240 to 5460 odd levels. In case NIFTY FUT manages to clear this as well we may see a further upside to test higher levels 5700 levels. This is what we have been predicting as a swing target for the markets since the lows of 5240 got tested.
On the downside now immediate support comes at 5545 and a breach of that will look to test 5520 levels. This should be sustained as of now for the up move to remain. Because if this level is broken down NIFTY FUT will surely slide down to and try to fill the gap.
Expectedly all momentum indicators are now bullish and will continue to remain so until 5520 levels are sustained. Further bullishness will only be confirmed if 5600 is taken out.
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Cues to trade this Monday: Look for breakout trades above 5605 with stops near 5570. Also look for pull back trades in dips with stops at 5520 levels for higher levels. Contrarian short traders need to watch out the 5600 levels and in case NIFTY FUT fails to take out those levels, shorts can be created with tight stops  

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5600-05 sustaining above which it will target 5635,5657,5700
POWERTRADE TREND DECIDER OF THE DAY ------- 5550-55
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5520-25
Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5505,5475,5445

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

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