REVIEW OF 7th Nov 2012 and Update for 8th Nov 2012

NIFTY FUTURE – 7^th Nov Review

NIFTY FUT –   We wrote that the BEARS LAST STAND point of the day is 5765 and also advised all readers to go  long on dips to 5740 levels. This almost helped us catch the lows of the market and get into a good move. Once NIFTY FUT was past 5765 levels , Our projected targets mentioned were 5800 and 5830 levels. NIFTY FUT did the first one and almost the second one too. We had mentioned that NIFTY FUT will trade with a positive bias since the past two sessions and it almost worked that way for 2 sessions now, where NIFTY FUT is back to attempting previous high levels.

Now that we are testing the previous highs? What is next for NIFTY FUT on the card? Read our post for the next session.

Readers may also mark our blog : powertrades.blogspot

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NIFTY FUT traders had a blast going long near 5760 levels and booking profits all the way till 5800 zone. BANKNIFTY Traders are having a terrific run too going long above 11650 levels and booking final profit near 11785 zone making it a perfect day for our premium subcribers. 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 – 8^th November Trading Guide

NIFTY FUT – managed to have a strong session and closed above 5800 levels . 5830 zone will prove as an immediate hurdle and a big test for this new found strength of the BULLS. Expect some consolidation again in case NIFTY FUT fails to clear this level and test upside zones. On the upside in case 5830 is cleared NIFTY FUT will show a high chance to attempt 5870-80 zones before new targets emerge out. On the downside the breakout zone of 5750-65 levels will prove as a key support. In case NIFTY FUT trades below 5800 levels for some time there are chances that again this zone may be tested. Any breach of this level will again push NIFTY FUT towards range bound moves.
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Even in that case Until NIFTY FUT holds above 5740 expect NIFTY FUT to trade with a positive to neutral bias.
Similarly short term momentum indicators remain positive until NIFTY FUT holds above 5765 levels and now mid term momentum indicators are positive as well until NIFTY FUT sustains above 5700 zones.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5830-35   sustaining above which it will target 5855,5880,5910
POWERTRADE TREND DECIDER OF THE DAY ------- 5790-5800
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5745-50
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- ,5720,5700,5680

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

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