Tuesday, 25 September 2012

REVIEW OF 25th Sep 2012 AND UPDATE FOR 26th Sep 2012

NIFTY FUTURE – 25th     Sep Recap

NIFTY FUT- had yet another un decisive day failing to make any headway on either side of the day. NIFTY FUT made a low exactly around our BULLS LAST STAND point of the day ( Low made 5661) we also marked this as the near swing support and markets exactly managed to hold that. Also just check NIFTY FUT high made (High made 5708) exactly below our TREND DECIDER of the day and again managed to trade within the TREND DECIDER and BULLS LAST stand point of the day. Since it was trading below the TREND DECIDER market was trading with a negative bias for most part of the day.
We had also advised traders to take quick trades with small stops and not look for swing positions until the range is broken on either side.

NIFTY FUT had a crucial close to watch out for? Why is this important? What are the next levels to watch out for? Read our post for the next session.

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NIFTY FUT  we had our first hit in quite a few trading session. Probably on hindsight an early entry. Nevertheless  this comes after a run of many winning trades and our  premium subscribers have earned many times over their subscription  cost.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 – 26th   Sep Trading Guide
NIFTY FUT  tested the support zone of 5665 and managed to stage a minor pull back and just close above that level. Today NIFTY FUT formed a Doji candle pretty much signifying the market sentiment and the trading range that it is being held up within. Markets almost opened and closed around the same zone. NIFTY FUT now has immediate support again at 5660-65 range again and though a break of this should see some downside we have still important support levels to watch out for below it at 5640 zone. A breach of that will create a potential to test 5580-5600 zone on swing basis.
On the upside resistance still remains at 5710 levels and above that at 5735 levels on swing basis and only  a break out above that zone will confirm a break out for a further upmove.

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. For now until 5665 is held the correction is to be restricted and we may more term it as a consolidation for  further upmove.
Cues to trade this Wednesday:  try to keep is simple. Long above 5710 levels and short below 5665 levels with quick stops. Swing longs can only be created above 5735 levels. Swing shorts still have to wait until the midterm momentum indicators remain positive. Trading levels pretty much remain the same.

 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------- 5660-65
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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