Review of 4th Dec and Update for 5th Dec 2012

NIFTY FUTURE – Review of 4^th  December

NIFTY FUT-  we have been writing about the this for the past three sessions that until NIFTY FUT is in a range avoid trading it or look for pull backs from the lows keeping in view our support levels plus the TREND DECIDER levels advised for daily trading.Today again NIFTY FUT made a low exactly at our TREND DECIDER and smartly pulled back to close near the day’s high. This was clearly written yesterday to look for long trades in that region. This is exactly what our traders did too. Smartly went long at 5897 and booked profits towards close.
We also discussed yesterday that how to detect underlying strength when we are seeing a consolidation rather than a correction yet, and until our swing levels hold a consolidation is confirmed and a break above this zone would prove critical.

Now NIFTY FUT has almost traded in the same range for three trading sessions. So what is in store for the next session. Well I think everyone now is aware of what are the next levels to look for? Let us quickly review them and take a stock of the trading levels for tomorrow.


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NIFTY FUT traders went long at 5897 and booked good gains in a near range bound trading session at about 5923 zone. BANKNIFTY FUT had a hit in the first trade, but then covered more than that going long at 12223 levels and booking gains at 11280. 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 – 5^th December Trading Guide

NIFTY FUT two primary things to take home for trading analysis for tomorrow, the fact that we have not been able to breakout with a follow up trading for the past few sessions. At the same time we also mentioned that until the swing support zones are intact this is a consolidation for the huge deviation from the moving averages that we have witnessed. This was confirmed as we managed to close on the higher side of the trading range. Even before this range was formed we had warned that the trading range breakout of 5930 levels is the next important decider. Once this levels is crossed the next swing target lies at 5990 levels. On the downside because of multiple support zones now 5890 is a critical support level to watch out for. Below that the test of 5865 is imminent. This should act as a support zone for now for the swing traders.
Look for pull back longs in dips with stops near 5890 levels and also look for long breakout trades. Risky traders can also take a short trade below 5890 but prefer for a confirmation for crack of 5865 for confirmed shorts.

No change in our momentum indicators. Momentum wise now the short term swing indicators are now trading positive and will do so until NIFTY FUT holds above 5860  levels. The midterm momentum indicator are now also trading positive and will continue to hold so until NIFITY FUT holds above 5730 levels.
As for trading today the levels are as follows:

POWERTRADE BEARS LAST STAND POINT OF THE DAY -----5930-35   sustaining above which it will target 5960,5990,6025
POWERTRADE TREND DECIDER OF THE DAY ------- 5890-95
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 ---- 5835,5810

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

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