REVIEW OF 18th Oct 2012 AND UPDATE FOR 19th Oct 2012

NIFTY FUTURE – 18^th  OCT Recap

NIFTY FUT – Not to take any credit away from the strong global cues, But much before market dipped in the past few sessions we had clearly mentioned that the levels of 5640 are crucial swing support levels to watch out for and that the mid term momentum remains non negative until NIFTY FUT holds above that level.  For the past few sessions NIFTY made multiple lows near or around that zone but eventually failed to break through it. Today NIFTY FUT marked a exact low around the TREND DECIDER but failed to breach it. Then it moved  up to eventually test our BEARS LAST STAND point near 5700 levels. We has also asked traders to avoid any trade in this range and look for a breakout or a breakdown trade. Look at the market momentum once that level was crossed. NIFTY FUT blasted to 5730 levels in less than 30 minutes and made an eventual high just below our first target at 5743( firt target above break out mentioned at 5745).
Hope our swing advice combined with intraday levels perfectly worked for all the trading members.
NIFTY FUT closed strong above 5730 levels, what is the next acid test for the BULLS? Read our post for the next session.
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NIFTY FUT traders went long above 5700 levels today and booked gains all the way till 5735 making it a big trading day for our traders. Also BANKNIFTY FUT traders initially went short and lost 30 points but the gained 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 strong above our crucial resistance zone of 5711 levels. Looks like we have again been able to take a correct projection of the intermediate bottom at 5640 levels.  Now NIFTY FUT bulls face immediate resistance at 5765 levels. This has to be clearly watched out for in coming sessions. In case NIFTY FUT fails to clear that zone be warned that it will again move inside the choppy indecisive territory. Strong BULL run will only resume if NIFTY FUT manages to trade above that level. Today the upmove was accompanied with strong volumes and hence chances are high it will trade with a positive bias.  Once it does chances are high it will take out the previous highs.  Immediate hurdle above 5765 now emerges at 5788 and above that at 5820 levels.
Short term Momentum have moved into positive territory and will continue to hold so until NIFTY FUT trades above 5700 levels.  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 Friday:  Look to take pull back long trades in dips to 5700 or higher levels. Also look for a breakout trade  above 5765. Bias is on the positive side.On the downside short trades can be taken if NIFTY FUT sustains below 5700 levels. Safe traders may also want to wait for a break of 5680 levels to initiate shorts. 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 -----5760-65 sustaining above which it will target 5788, 5820,5840
POWERTRADE TREND DECIDER OF THE DAY ------- 5700-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5675-80
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- ,5660,5640,5610

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

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