Review of 21st Nov and Update for 22nd Nov 2012

NIFTY FUTURE – Review of 21^st  November

NIFTY FUT- We mentioned for the past few trading sessions that 5530-40 is the support zone to watch out for. This got respected for the past 3 trading sessions and today market marked a higher low to pull back from that zone.
We had also mentioned that 5610-15 is the key resistance zone to watch out for and once clearing that market will tend to test 5630 zones. This is exactly how it happened today once that level was cleared NIFTY FUT went on to make an high around 5630 zones and managing to close around that level as well.
This was pretty much inline with our trading Levels as well. Where we had mentioned that NIFTY FUT TREND DECIDER is around 5610-15 zone and trading above that market will trade in positive territory.

Now that NIFTY FUT managed its first close above 5610 levels for the first time  in the past few trading sessions where is it headed? Read our market analysis for the next trading session.

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NIFTY FUT  traders went long above 5610 level and booked profit in the nick of time at about 5625 odd zone in the closing hours of the day. bankNifty future traders also had a quick trade booking 40+ points  within a matter Trade with clear cut defined analysis. 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 – 22^nd   November Trading Guide

NIFTY FUT – still trading in a range bound session for the past few trading sessions. Not giving much of a movement in either direction as of now clearly showing a lack of momentum after the big move we saw in Friday’s trading session. IF we discount the spike lows created NIFTY FUT pretty much continues to trade within Friday’s trading range till now through week. So despite the upmove that we have witnessed this doesn’t yet look like a confirmed turn around for the market. Expect market to show some signs of revival if NIFTY FUT crosses 5640 levels and a complete turnaround can be expected once it manages to surface above 5665 zone on the upside.
On the downside immediate support now emerges at 5590-95 zone and a breach of that again will test the 5670 zones.  This will also increase the chances to test our swing support zones. So far it’s a tough trading week where markets continue to trade in a tight range. Refer to the trading levels below for immediate trading pointers to look for in the coming session. Ideally look to play on the upside if NIFTY FUT holds above 5610 or 5640 zones. Also look for a short on pull backs to 5665 or a break out above that zone.
Momentum wise now the short term swing indicator is neutral and will move to positive territory above 5640 zones.  The mid term momentum indicator will move to neutral to positive territory only above 5665 zone.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5660-65    sustaining above which it will target 5690, 5710
POWERTRADE TREND DECIDER OF THE DAY ------- 5600-10
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5570-75
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5560,5530

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

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