REVIEW OF 6th Sep 2012 AND UPDATE FOR 7th Sep 2012

NIFTY FUTURE – 6^th Sep Recap

NIFTY FUT  lets quicky review what was our Trading cue of the day: “: Safe traders look to short on rise till 5280 levels with SL above 5305 or a break down trade below 5240. At the same time if NIFTY FUT manages to hold on to 5245 for the first half of the day, look for a quick pull back contrarian trade with stops  at 5240”
Couldn’t had again got more closer. In the morning session markets managed to hold on to 5240 and eventually pulled back from there giving ample opportunities to contrarian players. At the same time let us observe what was the pull back high made.(High made at 5285 levels ) from there market just pulled down to do some decent downside targets.
Lets analyze it from the Trading levels perspective. We mentioned that TREND DECIDER of the day is 5240 levels , markets exactly pulled from there, We also wrote that the BULLS LAST STAND point of the day as 5280 levels and  and markets eventually drifted to close at lower levels.
What trade did we give to our subscribers? Well exactly as we wrote shorting at 5283 and booking handsome gains till 5260 levels.
Markets failed to clear 5280 levels? Where do we see downside supports? When to take intra and swing pull backs? Read our post for next session.

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NIFTY FUT traders were advised to short below 5282 levels and booked final profits near 5260 levels, but at the same time we had advised safe traders early exit because of running out of session time…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 – 7^th Sep Trading Guide

NIFTY FUT tested the resistance levels of 5280 levels but failed to close above it indicating that there is in decisiveness in the market. Also this was justified by the fact that NIFTY FUT traded in a very small range for a good part of the day. the good news for the BULL players is that NIFTY FUT managed to hold on again to 5245 levels barring the opening gap down. This is significant and we may see some pull back from here if these levels continue to hold, at the same time crucial swing acid test levels remain the 5350 levels. which have to be watched out for.
For intra play, immediate resistance now comes at 5285 levels and a move above that will surely test the 5305 levels this time and trading above that 5325 is on the cards. At the same time on the downside a break of 5240 will trigger an imminent breakdown.
Momentum indicator wise not much change from yesterday’s levels . Short term momentum indicator will move into bullish territory above 5285 levels now and mid term momentum indicators will only be bullish above 5350 levels. Expect a good bout of short covering if that level is taken out.

Cues for trading this Firday: NIFTY FUT pretty much traded in the same range for the past 2 trading sessions. So avoid any intra play within 5280-40 range. Look for a break out or breakdown trade above our below this range with 25 point stops.

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5280-85 sustaining above which it will target 5305,5325,5355
POWERTRADE TREND DECIDER OF THE DAY ------- 5240-45
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5198-5205

Breakdown and sustaining below POWERTRADE BULLS L0AST STAND POINT OF THE DAY will open target for support of ---- 5188,5175,5155

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

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