REVIEW OF 27th Sep 2012 AND UPDATE FOR 28th Sep 2012

NIFTY FUTURE – 27^th     Sep Recap

NIFTY FUT- An uneventful close to an eventful month, probably that’s the best way to sum up this expiry. Given that we had some fun volatile wrecking sessions in the past few expiries . WE had mentioned that 5710  on the upside and 5640 on the downside will be the two critical break out/down levels to watch out for in coming sessions. Today that level got marked out more strongly as NIFTY high low was just within this range ( High made 5700 at open candle and low made 5645 during the closing sessions) We had also mentioned that short term momentum indicators are now neutral and will continue to remain so. This pretty much again reflected in the mood of the market today.
As per our trading levels again they worked decently well in a non-eventful day (High made below BEARS LAST STAND point and low made just above BULLS LAST STAND point). Nothing much to write about as the markets still continue to remain range bound and restricted.
Our Cues for Thursday offered the only potential trading opportunity : that is taking a short will 5711 as stops for contrarian traders.  What was our Trading Cue? :” Look for a breakout trade above 5711 or a breakdown trade if 5640 cracks else stay out more so because it is an expiry day. Risky contrarian traders may use this level to initiate contra pull back trades with stops at these levels.”

As for the trading month, This has been one of the best months for long term investors and folks invested in Mutual funds. While for short term traders, the feedback we received is that many seem to have caught unaware of the strength of the momentum.
How will the next series be like? Lets review it in our next post.

POWERSTOCKS AUTOMATED SIGNALS:
We minted some more gains on our Long positions on AmbujaCem and reliance capital which kept on going strong despite weak markets. Icing on the cake was we had reentered positions in Reliance capital after initial booking for our subscribers and had again booked massive gains. Total gain is now worth 30,000 INR per lot.

Folks who love systematic trading can follow our Automated Stock Calls posted live at our Facebook page : www.facebook.com/powertrade.trading
 

NIFTY FUT  again a range bound day and no trade was taken today. We happily kept on booking profits in long positions in stock futures and also managed to book some 40 odd points gains in BankNifty...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 – 28^th   Sep Trading Guide

NIFTY FUT still continues to play within the big candle formed last Friday and since the big move day we have not seen anything significant to write home about. Today we had a double bottom formation above 5640 levels and hence the criticality of this level now becomes more important. We have clearly written well in advance that this level is to be watched out for. A breach of that can cause the momentum to weaken for short term and below that can test upto 5510 levels.  For mid term swing players the swing support levels continue to remain at 5580 levels though. On the upside immediate resistance is at  5680 and above that a crucial resistance at 5711 levels. Swing resistance still remains at 5735 ( we marked this out last week and so far this has not been cleared) . For intra players though we believe 5711 will be a good level to look out for longs.

Short term momentum indicators are now neutral and will only appear BULLISH above 5711 and mid term indicators  remain positive above 5580.
Cues to trade this Friday: Market have been pretty range bound and direction less hence the trading it would be better if traders look out for these levels to break on either side. That is look for long above 5711 and short below 5640.  
 POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5710-15  sustaining above which it will target 5730,5755,5770,5795
POWERTRADE TREND DECIDER OF THE DAY ------- 5675-80
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5640-45
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5615,5595,5580

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

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