REVIEW OF 24th Sep 2012 AND UPDATE FOR 25th Sep 2012

NIFTY FUTURE – 24^th     Sep Recap

NIFTY FUT- Yesterday we pointed out how important is the futures level of 5725-35 zone is and that it coincides with multiple long term retracements. Today NIFTY FUT just made an high exactly there and traded with a flat to negative bias for most part of the day. Again note that this was our BEARS LAST STAND point of the day. Hence once this level was not cleared BEARS managed to stage some pull back. Then NIFTY FUT for most part of the day sessions hovered within 10-15 points here and there of our TREND DECIDER of the day indicating that there were not much opportunities around for intra day play.  The only potential trade was pretty much in line with our trading advice for the day. Let’s review that- “Cues to trade this Monday: Look for a long trade if NIFTY FUT sustains above 5725-35 levels and also look for a short trade incase NIFTY FUT move below 5700 levels and sustains below It with stops above 5735.On the downside look for a pullback trade near 5670 levels with tight stops.”
 Once NIFTY FUT failed to clear that zone markets dipped downwards once 5700 was breached to make a low shade above our pull back zone of 5670 levels.
NIFTY FUT closed below 5700. Is the rally done? Or we have some more steam left in it? Read our post for the next session.

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NIFTY FUT no trades were taken today seeing lack of movement for most part of the day for intraday players. We had a very good trade with BANKNIFTY FUTURES going long above 11450 and closed it around 11500 when our trailing stop for intraday was taken out.Make it a big day for your trading.  And leave your trading worries to us…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 – 25^th   Sep Trading Guide

NIFTY FUT tested 5730 levels (Our next big positional level) looked to attempt to conquer and failed to do so and closed below 5700 today. Momentum play still looks strong as it couldn’t even test 5670 on the downside in the last trading session. 5670 will act as a near term support now  and a breach of that can pull NIFTY FUT down to 5640 odd levels. Immediate resistance now comes at 5710 and an attempt above that can test 5735 levels .
 and clearing that will mean that the upmove is not yet done and we should see some more rise on the upside.  On the downside support now emerges at 5620 and crucial swing support remains  at 5580-5600 levels.
Short term momentum indicators will continue to play positive until 5670 holds and mid term indicators too remain positive above 5580. What is important to watch out is the level of 5730 odd zone. No doubt we will see some consolidation or correction sometime but the question is this the intermediate high?  For now until 5640 holds we will bet against it. Good news for BULLS players is that as we mentioned yesterday if 5730 is taken out on a sustained basis expect some serious upside play again.

Cues to trade this Tuesday: Look for  a quick pull back trade with stops near 5670 levels. In case market move and sustain below that level instead, we can look for  a short. Both side prefer to play for quick trades, book profits and exit. On swing basis wait for clear breackout of our key levels.

 POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5725-35 sustaining above which it will target 5755,5770,5795
POWERTRADE TREND DECIDER OF THE DAY ------- 5700-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5665-70
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5640,5615,5595

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

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