Review of 29th Nov and Update for 30th Nov 2012

NIFTY FUTURE – Review of 29^th November

NIFTY FUT- what a day of follow up movement and breakout. This is something that we have not witnessed in NIFTY for a long long time. A follow up momentum buying. This is also one of the primary reasons that we emphasize always that let us just trade the market as per the levels and follow it instead of trying to predict where it will go and where it will stop. The idea is as long as the levels support try to take the trade as they come rather than going into predictions. Projections are fine to book profit, find low risk entries etc. But when our emotion rules our trading those projection invariably becomes a prediction for many of us.

Why price levels are important because we mentioned that yesterday that we will be positive above 5740 and the bullishness in follow up buying will be confirmed if NIFTY Fut clears 5760 levels. that’s about the same time our traders were advised to go long  and our projection target yesterday above that level was mentioned at 5780 and 5820 levels. This is where markets topped out before the final late surge.
Dear fellow traders also note that we mentioned on our guide for 26^th to enter low risk longs near 5600 levels.  This was a beautiful contrarian entry and has reaped a huge 200+ points return in few sessions only. Honestly the follow up movement so quickly did surprise us too.

 Markets blasted to hit the crucial levels of 5830 zone. Our next target. Now what are the projections for the market in the coming sessions? Read our trade for the next session.

Readers may also mark our blog : powertrades.blogspot.

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NIFTY FUT  intra day traders went long near 5755 levels and booked final profit near 5820 zone. BANKNIFTY FUT traders went long around 11740 levels and we all know where Banknifty fut closed today..Perfect entry timing again. 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 – 30^th   November Trading Guide

NIFTY FUT managed a top near our swing resistance zone of 5830-40 levels, This is the level almost where we created the previous top. The kind of closing we witnessed makes one believe that there is still some upside left to this momentum. In case NIFTY FUT manages to move above 5840 levels. Next swing targets emerge at 5890 levels  and in case even that level is cleared we are headed for the magical 6000 mark. (precise target would be around 5890 levels).
On the downside now support emerges at 5790-5800 zone. So until this zone is respected we would want to trade longs on any pull backs. In case that level is breached we may again go down to test the break out zone of 5760 levels on the downside.
Our long term swing indicator has remained positive and managed to survive a crack , this serves as a very good indicator for investors. Our mid term swing indicators are meant for short term swing traders and FNO traders.

Momentum wise now the short term swing indicators are now trading positive and will do so until NIFTY FUT holds above 5790 levels. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5710 levels.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5835-40    sustaining above which it will target 5890,5915,5940
POWERTRADE TREND DECIDER OF THE DAY ------- 5790-5800
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5760-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5735, 5715

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.