Review of 10th jan and Update for 11th jan 2013

Review of 10^th jan and Update for 11^th jan 2013

NIFTY FUTURE – Review of 10^th   Jan

NIFTY FUT – what does Day8 ring in your mind? Well that’s the number of days market has closed in the same trading range in a row. Yes NIFTY FUT had been now trading for 8 days in a row at the same trading range that we marked out failing to break out on either side.
We have been strongly advising that until NIFTY FUT trades within a range look for pull back trades in this zone and outside the range look for a break out trade. Market allowed a pull back trade opportunity today on both sides as  in the morning markets opened up and failed to sustain above our TREND DECIDER of the day. Once markets breached the 6020 levels on the downside it went on the hit the lower levels making a low exactly around the BULLS LAST STAND point ( the last support zone for intraday). When that level was not broken, markets pulled back again to top out just near TREND DECIDER again.
Risky traders did enjoy the pull back trading on both sides today.
So what do you look forward to in the next session? Whats the trading mantra for the coming sessions?
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NIFTY FUT traders were neutral today but BANKNIFTY FUT traders took a brilliant trade going long from near 12800 levels and booking part profit near 12880 levels and holding on some positions for tomorrow..… Are you looking for complete guided trading without any hassle?.. 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 – 11th  Jan  Trading Guide

NIFTY FUT  again displayed a range bound move failing to break away on either side of the trading range, this at the same time increases the probability of a strong move on either side. Markets have not found any trigger to take it beyond the trading range. At the same time the momentum indicators have remained strong ensuring that the correction has not come is as well.
NIFTY Fut now again faces immediate hurdle at the 6020-25 zone and above that can go onto again hit the hurdle zone of 6050-55 levels. Expect a strong momentum move in case markets are able to clear that range on the upside to hit the target zones of 6090 levels and ahead.
On the downside if this time 5985 is cracked  we may see a good move to test the swing support levels of 5945 range on the downside and expect some supply to come in at that zone.
Will tomorrow be a make or break day for the markets? We would like to believe so. Watch out for the trading zones and look for a clear break out trade outside our trading ranges.

The short term momentum is now neutral and will be negative once NIFTY FUT moves below 5990 levels.  The midterm momentum indicators remain positive until NIFTY FUT holds above 5940 levels.


As for trading today the levels are as follows:


POWERTRADE BEARS LAST STAND POINT OF THE DAY ----- 6055-60    sustaining above which it will target 6098,6120
POWERTRADE TREND DECIDER OF THE DAY ------- 6020-25
POWERTRADE BULLS LAST STAND POINT OF THE DAY------- 5980-85
Breakdown and sustaining below POWERTRADE BULLS LAST STAND POINT OF THE DAY will open target for support of ---- 5970,,5945

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

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