Review of 7th Dec and Update for 10th Dec 2012

NIFTY FUTURE – Review of 7^th  December

NIFTY FUT-  Just a session back we mentioned that market seems to be lacking a depth, as of now to take the momentum forward, this also doesn’t  really mean that it is weak, but rather clueless for the next move or consolidating at these levels. On Friday NIFTY FUT nearly just traded within the final 2 hours candles formed for Thursday. The entire day’s range stayed well within the previous day’s candle range. This was also an ample sign to look for that market is not looking to break away on either side.
These are the days where you are tested again as a trader to hold on and see a slightly larger picture and let market form a direction. Now the question is how do we know that it has taken a decisive move in either direction and yet catch it early? Well its’s simple refer to the daily trading levels and combine with the swing trading levels. we mentioned that 5965 zone is the swing decider  and above that 5990 is also the BEARS LAST STAND point. So since market was not looking to clear any of that levels, we will avoid a break out trade. On the downside the TREND DECIDER was at 5925 and so until that level is atleast not convincingly broken we did wait and watch.
The levels watch as a reference and help you take the trade as planned.
Many a times traders tend to take unnecessary trades, move away from the plan just because its not getting to your trading levels, and later when we analyze that we realize that day was not a day to take a decent trade itself. Believe me it does happen to all of us.
Nevertheless NIFTY FUT now survived another scare to break below 5920 and barely closed around that region. How is the next week going to be? How do we trade the coming sessions?  Read our post for the next day.


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NIFTY FUT traders did not take any trades today and stayed neutral. BANKNIFTY FUT traders took two trades today but also ended up overall neutral …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 – 10^th December Trading Guide

NIFTY FUT first let us review from a weekly perspective. The week before saw a huge candle in NIFTY FUT which saw a near 300 points rally. This week while we traded at a higher range market stayed pretty much In a small range and barring Thursday’s candle rest of the day’s where pretty range bound. Given this context now the range of 5990 on the upside and 5865 on the downside will pretty much form a crucial swing levels for the next week or so. Since we already had the upmove the downside levels will prove more critical than the upside one. Meaning that if we see a downside break we can see some consolidation before a upmove. While on the upside we can see another move or higher consolidation ranges.
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. This is again where NIFTY FUT paused on its upmove. At the same time 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.





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 NIFTY 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 -----5965-70   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

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