Review of 10th Dec and Update for 11th Dec 2012

NIFTY FUTURE – Review of 10^th  December

NIFTY FUT-  we thought Friday was a range bound session and it was difficult to trade well than today just proved even more range bound and NIFTY just hovered around in a 30 odd points total range. Just Friday we discussed how important it is not to trade as well on certain days and how to use the trading levels to decide which are the days not to trade. Well Monday proved to be an immediate test for that. We gave trend decider of the day as 5920 and advised traders to create shorts on break of it and at the same time we gave Bears last stand point of the day as 5965 levels. NIFTY FUT just traded within this range and failed to break out on either side. So again when the trading levels are as close as they are today. Its better to test for break of the trading range on either side.

A range bound session? What are the important take home from today’s trade? Read our analysis for the next session

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 did not take any trades today and stayed neutral. BANKNIFTY FUT traders took a brilliant pull back trade and managed to earn 43 points gain even in this range bound day. …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 – 11^th December Trading Guide

NIFTY FUT by virtue of the range bound session created today proved that the trading range that we discussed yesterday has become even more relevant now. That is a break of 5920 on the downside and a trading break out above 5960 on the upside is even more relevant. Also to be noted that beyond both these levels are two other trading ranges on a swing basis that is 5990 on the upside and 5865 on the downside.

On the upside a clear of 5990 will mean it can go on and test the next swing levels of 6048. Readers will also recall that even before 5990 was tested we had clearly mentioned it as the next swing target for us.we would repeat that  if 5920 is sustained in the coming few sessions we have a high probability of it clearing it as well.
On the downside a break of 5920 will make an attempt to test the lower levels of 5890 zone and below that the swing support zones of 5865 will prove the key. In case that breaks in next few sessions look out of 5780-5800 as the next supply zones on downside  or the downside targets  for lower ranges.

Not much change in our momentum indicators. Short term indicators are holding positive until NIFTY FUT sustains above 5920. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5860 levels as yesterday. this is just exactly where markets bounced back from
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5960-65   sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5920-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5890-95
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5865,5835

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.