REVIEW OF 11th Oct 2012 AND UPDATE FOR 12th Oct 2012

NIFTY FUTURE – 11^th  OCT Recap

NIFTY FUT- 5640… Didn’t we mention this quite long back as the swing support and at the same time the swing targets for short traders. We can proudly claim that we have called it right in terms of  getting the projections for bottom and tops right now 4 times in a row in the swings in past 2 months.  During the recent up run we called a top at 5860 and markets exactly corrected from that zone. For the past few trading session we have been writing of a downside support at 5640. Today intra day low created exactly above it and looks at the way NIFTY FUT bounced back from that zone. Almost 100 points from that level.
On an intra day basis we had mentioned that the TREND DECIDER of the day is 5675 levels and look at the market reaction initially in the morning session once that level was not crossed.  After a long time we saw a day where we had an intra day trend reversal of kind where markets opened and traded weak and pulled back smartly to close strong.
Hopefully our regular readers would had benefited immensely with our ability to get the bottom and peak projections spot on.

NIFTY FUT pulled back to close above the important levels of 5711.What is next in NIFTY FUT? What is the crucial level to watch out fo?
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POWERSTOCKS AUTOMATED SIGNALS:
Yesterday we wrote that we are holding longs in TATASTEEL which is going strong. We also closed out our final positions in SBIN and RELAINCE in overall decent profits. We will soon post our performance in the recent run versus the index futures.
 All automated signals have been posted live at our Facebook and twitter page Review all that analysis at http://powertrades.blogspot.in/2012/09/how-high-performance-automated-signals.html

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

NIFTY FUT initially went short below 5670 levels and missed the targets just by 5 points. Then during the late hours we went long again above 5700 levels and booked massive gains all the way till 5645 levels. our Banknifty fut subscribers too had a blast and booked massive going long above 10440 levels and booking gains exactly till close. We also advised BTST traders to carry  longs.....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 – 12^th   OCT Trading Guide

NIFTY FUT – we have been maintaining till the past few sessions that NIFTY FUT mid term trend still remains neutral until 5640 levels hold and voila.. markets pulled back exactly from there to stage a strong comeback and close above 5700 levels. NIFTY FUT now faces immediate hurdle at 5765 levels and clearing that will ensure that the BULL run has strongly resumed. On the downside immediate support now emerges at  5720 levels and below that at 5700 levels. This has to be held to ensure that markets yesterday’s upmove is sustained.
On the upside if NIFTY FUT manages to clear 5765 upside resistance emerges at  5790 and above that 5810 levels. Swing resistance remains at 5830-60 zone on the upside.
On the downside a breach of 5700 levels will ensure that 5670 is tested again. Swing support still is maintained at 5640-50 levels. that is the bottom created today.

Short term Momentum indicators as mentioned are positive now and will remain until 5700 is respected. Mid term momentum indicators will swing to positive if NIFTY FUT moves above 5765 now.

 Cues to Trade this Friday: Look to go long in dips to 5700-10 levels with tight stops. On the upside also look for a breakout trade above 5765. Short traders can look to short if NIFTY FUT moves below 5700 levels or in rise to 5765 in mid day session if that level is not taken out.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5760-65   sustaining above which it will target 5790,5810,5855
POWERTRADE TREND DECIDER OF THE DAY ------- 5700-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5670-75
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5655,5640,5610,5580

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

We at Powertrade believe A Successful Trade is a result of the finest blending of absolute money management skills along with time tested analytical skills refined with conviction. So if you need expert hand holding advisory services to make money trading these levels Register @www.powertrade.co.in and subscribe to our Premium Packages which are loaded with Points Commitment Challenge.