NIFTY FUTURE – Review of 27th November
NIFTY FUT- Firstly lets raise a bow to the spot on
analysis of levels which enabled all our readers and traders to get into the
trade on Tuesday way in advance before the move spanned out. For the last few
trading sessions we have continually mentioned that 5665 is the critical level
to watch out for. Look at the reaction once NIFTY FUT opened and traded above
that zone. Not only that we had also mentioned that the upside targets after breakout were potential 5710 and above that 5740 levels. NIFTY FUT after crossing that level exactly paused at around 5710 levels and once that was cleared made a top at our swing targets of around 5740.
This was exactly in line with our daily trading levels too. We had mentioned BEARS LAST STAND POINT OF THE DAY -----5660-65 . And above that targets were also inline as mentioned above.
We also clearly advised traders to wait for a break of trading range and initiate a trade below or above that range. This also worked as a double confirmation to initiate trades. The idea is when the levels confirm plus the analysis supports it, one has to initiate a trade with his/her trading rules and not be emotional about it. Same thing applies when we have to stop out a losing trade.
What is another beautiful thing to be noted was that after the crash that we witnessed on 16th all analysts predicted market will crack. At the same time we warned that until 5550 levels hold markets will bounce back. Markets exactly found support there and we also advised low risk longs 2 back in the same blog at about 5600 levels. Both intra and swing traders earned massively out of it. Our Facebook followers also earned heavily going long in AXISBANK and HDFCBANK.Follow and trade with signals from one of the most advanced trading systems just by liking our FB page at powertrade.trading
Now that markets have tested 5740 levels, as our swing targets, what is up next? Is the move likely to continue? What are the levels to watch out for? Read our blog for 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.
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NIFTY FUT intra traders
as expected went long above 5665 ad booked gains near 5730 levels making it a
massive day.BANKNIFTY FUT traders too went long above 11520 and booked final
gains at 11660 levels.
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NIFTY
FUTURE – 29th November
Trading Guide
NIFTY FUT now that we had a big move and have also
tested our swing levels . it may be a time to pause and wait to see if these
levels can be sustained. A confirmation of that will emerge if NIFTY FUT
manages to trade above 5740 levels and takes out 5760 levels on the higher
side. Until that happens as have been the nature of the index for a while, it
may settle into a consolidation at a higher base here around these regions.Immediate support now emerges at 5700-10 levels and a strong break out will only be signaled if NIFTY FUT manages to sustain and trade above these levels. If this holds look for a pull back trades with small stops.
Next swing resistance emerges at 5780 and above that at 5820 odd levels.
On the downside swing wise 5665-80 will be a good buffer zone to support for supply to emerge at downside levels.
Momentum wise now the short term swing indicators are now trading positive. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5665 levels.
As for trading today the levels are as follows:
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5760-65 sustaining above which it will target 5780,5820
POWERTRADE TREND DECIDER OF THE DAY ------- 5700-10
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 ---- 5630, 5605
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