REVIEW OF 15th Oct 2012 AND UPDATE FOR 16th Oct 2012

NIFTY FUTURE – 15^th  OCT Recap

NIFTY FUT we had clearly mentioned yesterday that 5670 is the immediate support to watch out for and also that we have swing support at 5640-60 levels. Today NIFTY FUT opened weak and just found support around our zones mentioned levels. Lows created exactly below the BULLS LAST STAND point.  Markets found support there and pulled back smartly all the way to just top at our intermediate levels of 5711. This is also the trading level that we had mentioned in the past few sessions and also in the last series at the crucial breakout levels position ally as well.
This was also marked out as our TREND DECIDER of the day. Markets closed strong pulled back and just managed to close above 5700 levels. NIFTY FUT had a very restricted trading session; the entire day’s range again remained with 50 odd points.

NIFTY FUT closed above 5700 levels and also made a bottom at 5665 levels. Why is this level important now? Read our post for next session.


POWERSTOCKS AUTOMATED SIGNALS:
 We closed out our final lot on TATASTEEL today and also carrying long on AMBUJACEM and JPASSOCIAT. Booked 2 points profits on AMBUJACEM today for intraday players. That is about 4000 INR per lot gains.
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NIFTY FUT traders went long above 5680 levels and booked gains all the way till 5710 levels on the upside.Also our BANKNIFTY FUT traders made a terrific trade going long above 11370 levels and booked gains all the way till 11440 levels. ......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 – 16^th   OCT Trading Guide

NIFTY FUT – today again found support at 5665? Why is this level important. Well have a look at daily charts. NIFTY FUT has now almost 4 consecutive bottoms at the same trading zone of  5655-75 levels. This also coincides with the fact that NIFTY FUT our swing support lies at 5640-50 zone and we have been mentioning for the past few sessions that the mid term momentum remains neutral above that level and will swing to negative below that trading zone. Immediate resistance again comes at 5711 levels and trading above that level NIFTY FUT will tend to attempt 5740 levels and above that the crucial swing resistance of 5765 levels.
On the downside a breach of 5660-70 levels this time will ensure that 5640 level is tested. This zone has to be clearly watched out in the coming sessions. Multiple bottoms here have ensured that the level becomes even more critical.
Short term Momentum indicators now are positive until NIFTY FUT trades above 5665 and will turn more bullish for a move above 5711.  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 Tuesday: Look to go long above 5711 levels on the upside and at the same time look to go short below 5670 on the downside. Also risky traders can look for pull back longs with stops below 5665.
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5710-15 sustaining above which it will target 5745,5765,5790,5810
POWERTRADE TREND DECIDER OF THE DAY ------- 5675-80
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 ---- 5640,5610,5580

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.