REVIEW OF 12th Oct 2012 AND UPDATE FOR 15th Oct 2012

NIFTY FUTURE – 12^th  OCT Recap

NIFTY FUT had an interesting day, initially opening just around 5700 levels and then tried to attempt to take out previous day high and failing that eventually pulled downwards to test the support levels of 5670 and closed just around there. NIFTY FUT again formed an inside candle that is the trading range for Friday remained within that of Thursday and failed to take out either the previous highs or lows.
Let us also review that while it traded within this range how our trading levels worked. We had mentioned that NIFTY FUT TREND DECIDER of the day is around 5700 levels. In the morning market opened just above it and pulled up from there to attempt the highs of yesterday. Markets eventually failed to take those levels out aided by weaker data and eventually pulled down to break through the TREND DECIDER.  Markets made a low exactly above our BULLS LAST stand point of the day and just managed to hold there and close above those levels.

NIFTY FUT barely managed to hold on to the critical levels of 5670? What is next? What levels would the upmove be challenged?

POWERSTOCKS AUTOMATED SIGNALS:
 Gains We had been holding the TATASTEEL Long for quite sometime and it eventually blasted today doing our second target to giving away of above 5500 INR per lot. Also we had a terrific trade with JPASSOCIAT Futures which gave away 12000 INR gains in a single session.
 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 traders went long above 5710 levels as advised to our bloggers too and booked profits in time at 5737 levels. BankNifty FUT traders went long above 10510 levels and booked gains all the way till 10560 odd levels.plus the additional gains booked on BTST Longs as advised yesterday......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 – 15^th   OCT Trading Guide

NIFTY FUT – had an Inside candle and closed on the lower end of the trading candle. Showing imminent weakness to sustain above 5700 levels. On the downside crucial short term support now is at 5670-75 levels and  a breach of that can mean that  that NIFTY FUT will again go on to test the swing support levels of 5640-50 zones. This will be crucial to be held in the coming sessions and any close below it will turn the mid term momentum to negative zone.
On the upside immediate resistance again comes at 5710-11 levels and  trading above that NIFTY FUT will try to attempt the resistance zone created at 5740 levels. Immediately above that lies the swing resistance levels of 5765 zone. The two swing levels of 5640 on the downside and 5765 on the upside will hold the key in coming sessions and the coming week.
Short term Momentum indicators remain neutral until NIFTY FUT trades below 5711 and will swing to negative if NIFTY FUT moves below 5670 levels. Mid term momentum indicators will swing to positive if NIFTY FUT moves above 5765 now and will be negative if  NIFTY FUT trades below 5640 in coming sessions.

 Cues to Trade this Monday: Look to go long above 5711 levels on the upside  and at the same time look to go short below 5670 on the downside or in case NIFTY FUT fails to take out 5711 levels. Also look for a breakout trade above 5745 levels on upside. And a breakdown below 5640
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5740-45 sustaining above which it will target 5765,5790,5810
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.