Review of 23rd Nov and Update for 26th Nov 2012

NIFTY FUTURE – Review of 23^rd   November

Over the last many months that we have been publishing our trading guidance for intra day and swing traders there are two important things we have been able to get right on most occasions. 1 Our unique trading levels that we publish, it’s a set of 3 simple levels and are given on pre market basis. They prove very effective in helping a trader take his trading decisions during market hours 2. We have been able to consistently analyze and detect market   bottoms and tops on a regular basis. Sample this- When markets crashed badly on 16^th we mentioned that there is a strong swing trading support zone at 5550 levels. Over the course of last week markets failed to pierce through that level and now had given contrarian traders in us good very low risk trading entries from lower levels.

As for trading analysis of Friday. We had clearly outlined that avoid trading in the zone of 5640-65 and look for a break on either side. We also wrote if 5635 ( TREND DECIDER too) is breached market will find next swing support at 5600-10 levels ( BULLS LAST STAND POINT). Look at the market reaction once that level was breached, markets made a bottom just there and pulled back smartly from those levels to close again at the in decisive level of 5630 zone. This is what we wrote for Friday- “the downside now levels of 5590-5600 should provide as an immediate buffer and supply zone for traders.” ( we all know where was the low made)

Markets Found critical support near 5600 levels? Is the correction done? What levels will confirm that? Read our trading analysis for the next session.

Readers may also fill up our online form at our website and get the daily analysis mail directly in their mail boxes without any hassle.
Readers may also mark our blog : powertrades.blogspot.

POWERSTOCKS AUTOMATED SIGNALS:
Readers who had been following our Automated stock calls may have observed already the immaculate accuracy of our systems. All automated signals have been posted live at our Facebook and twitter page
                                                                                                                     
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 took two suucessful trades in a single day, first going long near 5630 levels and booking quick gains early on and then again going long at the lows near 5610 levels and booking some gains near 5630 levels. we have advised to carry some over night positions too for our traders. Lets watch out how it trades on Monday. 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 – 26^th   November Trading Guide

NIFTY FUT  found some critical support near 5600 levels and managed to pull back smartly and close around the in decisive levels of 5630 on Friday. If you also give a look at the weekly candle. Barring some spike lows created we have infact completely traded within the huge candle formation that we saw on last Friday (16^th). This clearly shows that for this week market lacked conviction to move on either side. But again given the fact that now we have pulled back and trading on higher side of the range, it will make prudent sense to look for long positions with very low risk both on intraday and swing basis until the support levels hold out. This is exactly what we did when we advised our traders to create some overnight longs at 5610 levels too.
But before we get carried away with this any long positions will only look good if markets manage to pull back above 5665 levels on the upside. Until that level is cleared, let me be honest all longs positions will go for a toss.
Once that level is cleared we can make a straight dash to 5690 levels and above that at the curcial swing decider of 5715 levels. On the downside since we found support at 5600 levels. this is the immediate support zone to look for. Incase markets breaches 5600 zone it is bound to get weak this time and test 5580 levels. swing support continues to remain at 5550 zone as previously mentioned.

.

Momentum wise now the short term swing indicators are now trading positive. The midterm 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, 5710,5740,5770
POWERTRADE TREND DECIDER OF THE DAY ------- 5590-5600
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

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.