NIFTY FUTURE – Review of 17th December
NIFTY FUT-
witnessed a complete range bound session where it virtually struggled to
move in either side. And didn’t give
anything away to the traders. While there is nothing to write about today. We
will just mention one thing especially for our new readers. How to detect a day
like this? That it can turn out to be a non trading day?Well we should just review our trading levels of the day. We have seen that once the trading levels are not far apart and markets are trading within that trading level. It is best avoided that day. Today NIFTY FUT virtually moved between our BEARS LAST STAND POINT and the TREND DECIDER of the day. we also clearly mentioned yesterday “Between 5865-5920 expect NIFTY FUT to trade listless with a negative bias.” This is exactly what spanned out today.
Another quick note: Traders have you reviewed our Full-fledged testing performance for our Automated Smartsignals for BANKNIFTY.
What are the key levels to watch out for in the next session and the next week? Read our detailed analysis for the next session.
Readers may also mark our blog : powertrades.blogspot.
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NIFTY FUT traders kept
neutral today not taking any trade. …Looking for decisive trade entries?.. Are
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NIFTY
FUTURE – 18th December Trading Guide
NIFTY FUT on Monday closed again within the in decisive range of 5865-5920 forming a even
smaller trading range giving little away to the traders. Despite closing back and pulling strong on
Monday we saw that NIFTY FUT even struggled to test the 5920 range barring some
opening moments of fame.NIFTY FUT just
closed a shade below anther level of 5890
as well. Now gain expect NIFTY
FUT to trader choppy and give little respect to technical within this range. Of
5865 and 5920. We did rather advice
traders to wait patiently and take trades only when NIFTY FUT gives a decisive
break outside this range. Or look for pull back trades from the two extremes.On immediate basis now 5890-5905 will the nearest resistance zone and above that at 5920-25 range.
< Read our blog and review the outstanding test performance on short term momentum trading system-SMARTSIGNAL BANKNIFTY FUT. Where the system generated 210% net returns>
The short term momentum are neutral again thanks to the choppy session and will be positive above 5920 now. MIDTERM momentum indicators are now negative and will do so until NIFTY FUT holds below 5960 levels.
As for trading today the levels are as follows:
POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5920-25 sustaining above which it will target 5990,6025,6048
POWERTRADE TREND DECIDER OF THE DAY ------- 5900-05
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5860-65
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5830,5810,5775
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.
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