REVIEW OF 17th Oct 2012 AND UPDATE FOR 18th Oct 2012

NIFTY FUTURE – 17^th  OCT Recap

NIFTY FUT another session where the levels worked perfectly well for us. Today NIFTY FUT traded exactly between BULLS LAST stand point and BEARS LAST Stand point.  Markets abled by global cues opened gap up exactly below the BEARS LAST STAND Point  near 5700 levels. Since we had mentioned that until NIFTY FUT remains below 5711  the short term momentum indicators will remain negative o neutral in this zone. Markets dipped from there to find some initial support at 5670 levels and once that level was breached markets made a bottom exactly again above our swing support levels of 5640 zone. This was also our BULLS LAST STAND point of the day.
We had also warned that market will trade choppy within this zone and look at the way market oscillated within a trading range for a good part of the day failing to make a decisive move on either direction. Hope that advise worked well and scalping traders avoided hits on either side.
Lets also review how beautifully our cues for trading served well today. We had mentioned that “Short trades can also be taken at higher levels with stops above 5710 zone and reversal above them”.  This worked perfectly and short on all pull backs did serve well.
NIFTY FUT failed to clear 5700 despite strong global cues. And closed at a important pivotal zone of 5665 levels. What direction is likely to emerge in the coming sessions? Read our analysis for tomorrow.
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  Booked handsome gains in short trades today in following counters: SBIN and RELINFRA.
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NIFTY FUT traders went short below 5675 levels and booked profits around 5652 levels. Also our BANKNIFTY FUT subcribers had a terrific trade going short below 11390 and booked  profits in quick time at 11340 levels. This coupled with our gains on stock calls made it a big trading for our subcribers. Are you missing all this action?......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 – 18^th   OCT Trading Guide

NIFTY FUT – closed at 5665 levels this was our TREND DECIDER for the previous session and was a perfect close to justify the choppy indecisive mood  of the markets. NIFTY FUT pretty much traded within yesterday’s range with a clear negative bias but at the same time respected the swing support again. Immediate support still remains at 5640 zones. On the upside NIFTY FUT will face hurdle at 5700-10 levels and only clearing that will bring the BULLS back into action. On the downside expect a good correction if NIFTY FUT manages to trade below 5640 levels.
We have to carefully watch out for this level again and below that market will attempt 5610 levels and also the next swing support of 5580 can be tested in coming sessions. Expect NIFTY Fut to  continue to trade choppy in the intermediate zone of 5665-5700 levels. 
Short term Momentum indicators remain negative until NIFTY FUT trades below 5700 levels now. It will only swing into positive territory above 5715 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 Thursday: Safe traders avoid trading in this range of 5650-5695 levels. Look for  short trade below 5640 zone and also look for short on pull back trades again. Look for a long breakout trade above 5710 levels on the upside.
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 ------- 5660-65
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5635-40
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- ,5610,5580,5555

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

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